239th Street , Fairfield, IA 52556(Jefferson County)

The Brokken Farm will be sold on a price per acre basis, based on a survey that is currently in progress. The surveyed acres will constitute the final settlement price. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, the final tract with then be offered. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing in approximately 30 days on or about January 5, 2026 upon delivery of a merchantable abstract and Deed. The Real Estate Taxes will be prorated to the date of closing. Possession will be given at the time of closing. Both tracts sell with full farming rights for the 2026 and there are no hunting leases associated with the property. It will be the buyers responsibility and expense for any testing or upgrades to the septic system on Tract 1.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS.

METHOD & TERMS

The Brokken Farm will be sold on a price per acre basis, based on a survey that is currently in progress. The surveyed acres will constitute the final settlement price. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts the final tract with then be offered. The tracts will NOT be offered in their entirety at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing in approximately 30 days on or about January 5, 2026 upon delivery of a merchantable abstract and Deed. The Real Estate Taxes will be prorated to the date of closing. Possession will be given at the time of closing. Both tracts sell with full farming rights for the 2026 and there are no hunting leases associated with the property. It will be the buyers responsibility and expense for any testing or upgrades to the septic system on Tract 1.

Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.

All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS.

Mike Brokken

Representing Attorney:

Vanessa M.Y. Willman | Foss, Kuiken, Cochran, Helling & Willman, P.C.

304 S. 20th Street, 2nd Floor, P.O. Box 30, Fairfield, Iowa 52556 | (641) 472-3129

Auction Manager:

Jim Huff (319) 931-9292