Highway 59 , Shenandoah, IA 51601(Fremont County)

Tract 4: 82.6 Surveyed Acres M/L with 63.97 FSA cropland acres, carrying a CSR2 value of 85.3, with grain bins/building site.

Tract 5: 83.7 Surveyed Acres M/L with 83.25 FSA cropland acres, carrying a CSR2 value of 70.8.

Tract 6: 33.4 Surveyed Acres M/L with 26.29 FSA cropland acres currently utilized for pasture and a well-maintained 1,460 SF home built in 1993.

Tracts 1-5 will be offered via the Buyers Choice auction method through a live, in-person auction as well as a virtual, live online auction option. Online bidding will be available as well. 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 5 tracts have been purchased and removed from the auction. Tract 6 will be offered via the "Traditional Auction" method, after the conclusion of bidding on Tracts 1-5. Bids on Tract 6 will be on a "Whole Dollar Basis". Tracts will not be offered in their entirety or in combination after the auction.

Summit Pipeline Easement

Tract 1 has a Summit Pipeline Easement that runs through the southeast corner of the tract. See attachment "Summit Pipeline Easement Map" and/or call the Listing Agent for more information.

Tract 2 has a Summit Pipeline Easement that runs along the north half of the west border of the tract. See attachment "Summit Pipeline Easement Map" and/or call the Listing Agent for more information.

Tract 3 has a Summit Pipeline Easement that runs diagonally through the center of the tract. See attachment "Summit Pipeline Easement Map" and/or call the Listing Agent for more information.

DOT Easement

Tracts 2, 4, & 5 have a DOT easement off the Highway. See attachment "Easement for Public Highway" and/or call the Listing Agent for more information.

Flowage Easement

Tracts 1, 2, & 3 have a flowage easement. See attachment "Flowage Easement" and/or call the Listing Agent for more information.

Well Easement

There is an easement on Tract 1 for the well located on Tract 6. The new Buyer of Tract 1 will be required to sign an ingress & egress easement allowing access to the well on Tract 6.

Auction Details & Terms

Fremont & Page County, IA Land Auction

582.9 Acres M/L

Offered in Six Tracts

Friday, November 21st, 2025 at 10:00 AM

Auction Location:

Elks Lodge

709 S Fremont Street

Shenandoah, IA 51601

Seller: McLaren Family

Online Bidding: Register to bid on our website. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Auction Method: The tracts will be sold via Public Auction on Friday, November 21st, 2025, at 10:00 AM at the Elks Lodge in Shenandoah, Iowa. Tracts 1-5 will be offered via the Buyers Choice auction method through a live, in-person auction as well as a virtual, live online auction option. Online bidding will be available as well. 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 tracts have been purchased and removed from the auction. Tract 6 will be offered via the "Traditional Auction" method, after the conclusion of bidding on Tracts 1-5. Bids on Tract 6 will be on a "Whole Dollar Basis". Tracts will not be offered in their entirety or in combination after the auction.

Tract 1: 154.85 Surveyed Acres M/L

Tract 2: 157.46 Surveyed Acres M/L

Tract 3: 70.89 Surveyed Acres M/L

Tract 4: 82.6 Surveyed Acres M/L

Tract 5: 83.7 Surveyed Acres M/L

Tract 6: 33.4 Surveyed Acres M/L

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Financing: The buyer's obligation to purchase the Real Estate is unconditional and is not contingent upon the Buyer obtaining financing. All financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes the representation and warrants that the bidder has the present ability to pay the bid price and fulfill the Contract.

Farm Program Information: Farm Program Information is provided by the Fremont & Page County Farm Service Agency. 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 Fremont & Page 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 Peoples Companys Trust Account.

Closing: Closing can occur in either December 2025 or in January 2026. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.

Possession: Possession of the land will be given at closing, subject to tenants rights.

Farm Lease: The farm lease is open for the 2026 crop season.

Open Houses: There will be one open house held to view the dwelling on Tract 6. The open house will be held on Friday, October 31st, from 2:00 to 6:00 P.M. Potential Buyer's are not permitted to enter the dwelling without prior approval from the Listing Agent.

Septic System: The septic system on Tract 6 will be inspected and brought into compliance prior to closing, with all associated costs for inspection and updates paid by the sellers.

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

Surveys: All tracts have been surveyed prior to the auction. No additional surveying or staking will be provided by the Seller.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

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. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on 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 the abstract.

The Seller reserves the right to accept or reject any and all bids.