275th Street , Waucoma, IA 52171(Fayette County)

Pleased to present the Moser Family's 233 acres m/l of high quality, diverse northeast Iowa farmland that will be sold at public auction on Tuesday, August 24th at 2:00 PM in Waucoma. Rare opportunity to own land in this tightly held area of Fayette County that features a pocket of high quality soil types with a gently rolling topography. The farm will be sold in three contiguous tracts using the "Buyer's Choice" auction method. Tracts one and two both offer tillable soil as well as a pasture area that is ready to hold cattle or could likely be cleaned up to increase tillable acres. Tract three embodies a ridge with extremely high quality soil types and a section of trees that provides hunting opportunities. Auction will be held at the Waucoma Event Center on Tuesday, August 24th at 2:00 PM. Bidding can be done in person or online through the Peoples Company mobile bidding app. Don't miss your chance to own this literal "Garden of Eden" with a location just southeast of Waucoma, Iowa in Section 23 of Eden Township.

The farmland will be offered as three individual tracts via the Buyers Choice auction method through a live in-person auction as well as a virtual live online auction option. The auction will take place at 2:00 PM at the Waucoma Event Center 308 Riverview Drive West, Waucoma, Iowa. With the "Buyers Choice" auction method the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all three tracts have been purchased and removed from the auction. The tracts will not be offered in their entirety or any combination at the conclusion the auction. The farm lease will be terminated prior to closing and farming rights will be made available to the Winning Bidder(s) for the 2022 crop season.

Tract 1: 40 acres m/l with 20.57 FSA tillable acres carrying a CSR2 of 63.5 and an additional 19.08 acres m/l of pastureland.

Tract 2: 120 acres m/l with 99.80 FSA tillable acres carrying a CSR2 of 78.2 and an additional 11.87 acres m/l of pastureland.

Tract 3: 73 acres m/l with 62.07 FSA tillable acres carrying a CSR2 of 88.4 and an additional 10.78 acres m/l of timberland.

AUCTION DETAILS

233 Acres M/L

Offered in Three Tracts

Tuesday, August 24, 2021

2:00 PM Central

Seller(s): Moser Family Farm: Jann Bowlus, Rhonda Sheeley, Mark Moser, Rick Moser, and the Leonora S. Moser Trust Agreement

Auction Location:

Waucoma Event Center

308 Riverview Drive West

Waucoma, IA 52171

Auction Method: Tracts 1, 2 & 3 will be sold on a per-acre basis and will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can take, in any order, any or all tracts for their high bid. "Buyer's Choice" auctioning will continue until all tracts have been purchased. Tracts will not be offered in their entirety at the conclusion of the auction.

Tract 1: 40 Acres M/L

Tract 2: 120 Acres M/L

Tract 3: 73 Acres M/L

Farm Program Information: Farm Program Information is provided by the Fayette County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Fayette County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in the Elwood, ODonohoe, Braun & White Trust Account with Sellers attorney, Kit ODonohoe.

Closing: Closing will occur on or about Tuesday, September 28, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the farm will be given at closing, subject to Tenants rights.

Farm Lease: The row crop and pastureland are currently leased. Both leases will be terminated by the Seller prior to closing.

Survey: The acreage site adjacent to Tract 3 is being surveyed to be sold separately. The exact size of Tract 3 may change prior to auction day due to this survey. Tracts 1 & 2 will not be fully surveyed but will have boundaries marked prior to the sale day.

Acreage Site: The acreage site will be available for purchase on auction day after all tracts have sold. Contact Agent for details.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Elwood, ODonohoe, Braun & White, LLP the required earnest money payment. The Seller will provide a current abstract at their expense. The sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.