County Road J66 , Davis City, IA 50065(Decatur County)

The farm is located on J66, about 10 Miles west of Lineville, Iowa and 3 Miles east of Nine Eagles State Park in Decatur County, Iowa.

In its entirety, this Southern Iowa farm is 198 M/L gross acres and includes 147.28 Certified crop acres which have been approved by the NRCS. This Land Auction will be conducted using the Buyers Choice method, so the successful high bidder may elect to take one or both available tracts. All leases have been terminated, and farming rights will be available for 2022. Buyer(s) will have access immediately upon closing.

The farm will be offered in two tracts as follows:

Tract 1 (120 Acres M/L. 104 Acres M/L Crop Acres)

Tract 1 is offered as 120 Acres M/L including 104 Acres M/L crop acres. This tract is nearly 90% income producing, which is incredibly high for the area. The farm has been well cared for, and all the waterways have been left amply wide to avoid erosion. The farm has had several smaller tree lines and existing fence lines removed and several new crossings installed to ensure easy farming of every field on the property. This is about as clean and turnkey of a farm youll find in Southern Iowa. Too, all leases have been terminated. The farm is open for the 2022 crop year and the new owner will get immediate possession upon closing.

In addition, Tract 1 features a large well-stocked pond, paved frontage, and a building site with exceptional views overlooking the timbered valley to the West and South. The main timber draw on the East side connects a large CRP farm to the NE to the thick timber South of the Farm, providing a perfect funnel for whitetails. A large food plot is also established adjacent to the large block of timber to the West.

If youre looking for a strong investment property, with plenty of recreational opportunities, this is certainly a tract to consider.

Tract 2 (78 Acres M/L. 43.5 M/L Crop Acres)

Tract 2 offers nearly a perfect 50/50 balance of income producing acres to ideal hunting habitat.

This farm is being offered as 78 Acres M/L including 43.5 Acres M/L in crops and food plots. Not many properties compete for the recreational appeal of this tract. The neighborhood is one that most look for when wanting to buy a serious whitetail hunting farm. Several neighbors do not hunt, and those that do manage for older age class. The access couldnt be much better, as there are 2 gates on the South side of the farm, providing access directly off paved Hwy J66. Heavy snows in late season shouldnt stop your hunt on this farm, as the plows are quick to clear the main frontage road. In addition, there is a deeded walk-in easement allowing access from across the Neighbor to the North, so access during any wind direction is absolutely no problem. Several of the smaller fields have been cleared, and new crossings have been installed. Now, every farmable acre is in row crop production, and several acres have been left for late season food sources. Nearly everything that could be done to make this into a great investment and hunting tract has been completed. The quantity of record book deer harvested every year in Decatur County is unmatched by nearly anywhere in the Country. This is your opportunity to own, one of the best all-around hunting and income producing tracts in Southern Iowa.

Both Tracts will be offered via Public Auction at 12 PM, January 27th 2022, at the Lamoni Community Center, 108 S Chestnut St, Lamoni, IA 50140.

The Farm will be offered as two individual tracts via Buyers Choice method on a price-per-acre basis. The Winning Bidder will select any or all tracts of their preference. The Buyers Choice method of auction will continue until all tracts are sold. Tracts will not be combined for offer at the end of the auction. Live and Online bidding will be available. Absentee bidding may occur at Auctioneers discretion via phone bidding. Registration must occur prior to day of auction by contacting the Listing Agent.

Please see terms & conditions below for disclosures and full details.

For additional information or questions, please contact Land Broker, Chuck Johnson at 515-442-7709.

Summary

Auction Time & Date: 12 PM January 27th, 2022

Auction Location: Lamoni Community Center 108 S Chestnut St, Lamoni, IA 50140

General Farm Location: West of Lineville, Iowa about 10 miles, and East of Nine Eagles State Park about 3 miles, on County Hwy J66.

Sign on Property: YES

Brief Legal Description: 198 Acres M/L in Section 22 & 23 of Hamilton Twp, Iowa. Exact Legal to come from abstract.

Parcel Numbers:

1523100001, 1523100002, 1523100003, 1523100004, 1522200002

Auction Method: 2 Tracts, Offered Buyers Choice

Absentee Bidding: YES (prior registration and approval required)

Annual Taxes: $2,428

Lease: Terminated. Open for 2022 Crop Year.

Closing: March 10, 2022

Possession: Immediately upon Closing

Terms: Cash/Conventional, not subject to buyer financing

Earnest Money: 10% Deposit Due day of Auction.

Survey: Seller to provide survey if tracts are sold to multiple buyers. If single buyer purchases both Tracts, no survey will be provided.

Abstract: Seller will provide an abstract continued to the date of purchase, at Sellers Expense

Terms & Conditions

Live and Online Decatur County Land Auction

198 Acres M/L, Offered in 2 Tracts

Time & Date: Thursday, January 27th, 2022 at 12 PM

Location: Lamoni Community Center, located at 108 S Chestnut St, Lamoni, IA 50140

Seller: Owen L. Reigler

Sellers Attorney: Verle W. Norris Law Office

Agency Disclosure:

KILOTERRA and its agents are exclusive representatives of the seller. Successful bidder(s) acknowledge they are representing themselves in the transaction and are responsible to complete the transaction if identified as the winning bidder.

Auction Method:

This property will be sold in 2 tracts and conducted using the Buyers Choice method of sale. All tracts will be offered on a price per-acre basis. Winning bidder will have the opportunity to take any or all tracts with their high bid, in any order. Auction will continue until all tracts have been purchased. Tracts will not be combined and offered in their entirety at the conclusion of the auction.

*Available Tracts:

Tract 1: 120 Acres M/L

Tract 2: 78 Acres M/L

*If purchased separately, a survey will be completed at the sellers expense to finalize the gross acres. If purchased by a single buyer, the seller will not provide a survey. The dividing line for Tract 1 and Tract 2 will be such that the buyer of Tract 2 will own the access off Hwy J66, directly east of the creek. There will be a 30 wide lane running along the creek line, which connects the driveway and the South most creek crossing, which is used to access the 2.75 acre field as shown on the Tract 2 FSA map. From the crossing, the diving line will primarily parallel the creek without reducing any field acres from Tract 1. This dividing line is shown in the Aerial Property Maps.

Final Sales Price:

Full legal descriptions will come from the abstract, and gross sales prices will be calculated by multiplying price per acres times the gross surveyed acres. Or, in the case a single bidder purchases both tracts, then the sale price will be calculated on Price Per Acre X the Gross Acres as provided by the Decatur County Assessors office (198).

Earnest Money Deposit:

A deposit in the amount of 10% of the gross sale price is required on the day of auction. Earnest money must be made in form of cash, check, or electronic transfer and payable to KILOTERRA Trust and will be held by KILOTERRAs Trust Account until day of closing.

Bidder Registration:

All bidders must register with KILOTERRA and obtain a bidder number prior to the start of the auction to place a bid at the Auction. Absentee or phone bidders must register with KILOTERRA and receive prior authorization 3 days prior to auction to participate.

Farm Lease and Payments:

The farm lease has been terminated and Winning bidder(s) will have farming rights for 2022 crop year. Seller will retain all payments for the 2021 growing season, and payments will not be pro-rated to the date of closing. This property is not encumbered by any CRP contracts.

Closing and Possession:

Closing will occur on or before March 10th, 2022. The balance of purchase price is due at closing, in the form of cash, certified check or electronic wire transfer. Closing will be performed by Sellers Attorney. Possession will be immediate upon closing.

Agency Acknowledgement & Purchase Agreement:

Immediately upon conclusion of the Auction, Winning Bidder(s) will sign an Agency Disclosure and Acknowledgement which indicates KILOTERRA is representing the Sellers and Winning Bidder is representing themselves. In addition, Winning Bidder(s) will enter a Real Estate Sales Contract with the seller, which outlines the terms of the sales as outlined herein. Winning Bidder(s) will also deposit with KILOTERRA the Earnest Money deposit. Survey, if any, and abstract updating expenses will be paid at the sellers expense. This sale is not contingent upon Buyer Financing Approval and should be considered a Cash Transaction.

Disclosures and Disclaimers:

This sale is subject to all easements and servient estates appurtenant thereto and subject to any zoning restrictions, restrictive covenants, easements, leases, mineral reservations, and restrictions of record, if any exist.

No available county records indicate that there is a pipeline running through the Property. However, in the NW , NW of section 23, there appear to be pipeline markers visible.

Note, that the standing crops, currently serving as food plots, will be harvested by the seller prior to closing, weather permitting. Should weather not permit harvest prior to closing, buyer agrees to allow seller the access and right to harvest crops prior to spring.

Prospective Bidders shall perform their own inspection of the property prior to bidding at the auction. All property is sold on an As is Where is basis with no warranties expressed or implied by the Auctioneer, KILOTERRA, KILOTERRAs agents, or the Seller.

Any announcements made day of Auction by the Auctioneer or Listing Agent(s) will take precedence over any previously published public marketing information. Bidding increments are at the discretion of the Auctioneer and all decisions of the Auctioneer are final.

Improvements, such as but not limited to fences, buildings, terraces, tiling, etc. are in as-is condition and will not be further improved, updated, or replaced by the sellers prior to closing. Note that fence lines may not be directly on the legal boundary and any desire to relocate, replace, or improve fencing or buildings shall be the responsibility of the Buyer. Also, to the knowledge of the Seller and KILOTERRA, all field boundaries are believed to be accurate as they were taken from sources believed to be reliable; however prospective bidders acknowledge that overall tract acres, tillable acres, etc. may vary from figures stated within the marketing materials or day of auction.

Farm Program Information is provided by the United States Department of Agricultural (USDA) offices. Values included in statements and or published marketing information are pulled from these and other sources believed to be reliable and are estimates by the seller and KILOTERRA; however, it is expressed that this information including but not limited to the conservation plan, total crop acres, FSA acres, base acres are subject to change if/when the farm is reconstituted by the Decatur County FSA and NRCS offices.