West Bellevue-Cascade Road , Bernard, IA 52032(Jackson County)

Tract 1: 50.59 surveyed acres with an estimated 32.39 FSA cropland acres, carrying a CSR2 soil rating of 46.8

Tract 2: 132.58 surveyed acres with an estimated 55.10 FSA tillable acres, of which 15.82 acres are currently tillable carrying a CSR2 rating of 44.4

Tract 3: 29.68 surveyed acres with an estimated 26.69 FSA cropland acres, carrying a CSR2 soil rating of 32.8

Tract 4: 6.56 surveyed acres with an estimated 4.23 FSA cropland acres, carrying a CSR2 soil rating of 46.5

Tract 5: 59.22 surveyed acres with an estimated 24.89 FSA tillable acres, of which 15.69 acres are currently tillable carrying a CSR2 rating of 48.3

Tract 6: 37.98 surveyed acres with an estimated 35.79 cropland acres, carrying a CSR2 soil rating of 37.5

Tract 7: 140 acres m/l with an estimated 79.47 FSA tillable acres, of which 50.63 acres are currently tillable carrying a CSR2 rating of 45.4

Tract 8: 40 acres m/l with 36.74 FSA cropland acres, carrying a CSR2 soil rating of 54.3

***Tracts 1-6 acre values are based on the preliminary survey, and could potentially vary a slight amount once the survey is finalized.

These farmland tracts offer something for everyone, including building sites, high-quality pasture ground, and income-producing tillable farmland. The eight tracts will be offered on a price-per-acre basis using the "Buyer's Choice" Auction Method, where the high bidder can take, in any order, any or all tracts for their high bid. Bidding will continue until all tracts are sold and they will not be combined at the end of the sale. The Public Auction will be held on Thursday, November 14th, 2024, at 10:00 AM CST at the St. Patrick's Garryowen Church Hall, 28914 46th Avenue, Bernard, Iowa 52032. The sale can also be viewed through a Virtual Online Auction option with online bidding available.

Auction Details & Terms

Estate of Carol M. Capesius

478 Acres M/L

Offered as Eight Tracts

Thursday, November 14th, 2024 at 10:00 AM CST

Seller: Estate of Carol M. Capesius

Representing Attorney: Glenn Bartelt of Schoenthaler Kahler Reicks & Petersen, P.C.

Auction Location:

St. Patrick's Garryowen Church Hall

28914 46th Avenue

Bernard, Iowa 52032

Tract 1: 50.59 surveyed acres

Tract 2: 132.58 surveyed acres

Tract 3: 29.68 surveyed acres

Tract 4: 6.56 surveyed acres

Tract 5: 59.22 surveyed acres

Tract 6: 37.98 surveyed acres

Tract 7: 140 acres m/l

Tract 8: 40 acres m/l

***Tracts 1-6 acre values are based on the preliminary survey, and could potentially vary a slight amount once the survey is finalized.

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 Thursday, November 14th, 2024 at 10:00 AM at the St. Patrick's Garryowen Church Hall in Bernard, Iowa. The portfolio will be offered as eight individual tracts using the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one or more tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all farmland tracts have been purchased and removed from the auction. The tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number 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.

Agency: Peoples Company and its representatives are agents of the Seller. Winning Bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the Jackson 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 Jackson 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 Peoples Company Trust Account.

Closing: Closing will occur on or before Friday, December 20th, 2024. 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 the Tenant's Rights.

Farm Lease: The tillable acres on all of the tracts are leased for the 2024 crop year. Farming rights are available for the 2025 growing season.

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

Financing: The purchasers obligation to purchase the Property is unconditional and is not contingent upon the Purchaser obtaining financing. Any financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes a representation and warrants that the bidder has the present ability to pay the bid price and fulfill the terms and conditions provided in the Contract.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Seller. 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 will be 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 "Price Per Acre" amount. 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 investigation of the property before 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.