32519 510th St , Russell, IA 50238(Lucas County)

The property is situated northeast of Chariton, IA in the beautiful southern Iowa rolling hills. The farm offers much potential from farming and ranching to hunting and establishing habitat. The property has proven to be great for turkey and whitetail deer.

Tract 1 consists of 160 Acres M/L with 135.23 FSA cropland acres carrying a CSR2 value of 61.4.

Tract 2 consists of 237 Acres M/L featuring a single family ranch house, multiple outbuildings, pole barns, 11 paddock feedlots, and working facilities. Open house - scheduled for Sunday, November 21, 2021 from 1:00-4:00 PM & Monday, November 29, 2021 from 4:00-7:00 PM.

Tract 3 consists of 266 Acres M/L with 22.66 FSA cropland acres carrying a CSR2 value of 59. The balance is currently utilized as pasture and recreational land.

These tracts will be offered via a Live Public Auction that will take place at 10:00 AM on Thursday, December 9, 2021, at Carpenters Hall located at 1215 Court Ave. Chariton, Iowa 50049. The land will be sold as three individual tracts on a price per acre basis. The auction will begin with Tract 1, then continue to Tract 2, and end with Tract 3. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through the Peoples Company mobile bidding app and online bidding will be available.

AUCTION DETAILS

Lucas County Land Auction

663 Acres M/L

Offered in Three Separate Tracts

Thursday, December 9th, 2021 at 10:00 AM

Auction Location:

Carpenters Hall

1215 Court Ave.

Chariton, Iowa 50049

Online Bidding: Visit our website for more information.

Auction Method: Tract 1, Tract 2, and Tract 3 will be offered separately and will not be combined at any point during the auction. All 3 Tracts will be sold on a price per acre basis. Tracts will not be offered in their entirety at the conclusion of the auction.

Tract 1: 160 Acres M/L

Tract 2: 237 Acres M/L

Tract 3: 266 Acres M/L

Farm Program Information: Farm Program Information is provided by the Lucas 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 Lucas 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 will occur on or before Monday, January 24, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer. With respect to the timing of the Seller and successful Buyer(s) in fulfilling the obligations set forth in the Real Estate Sale and Purchase Agreement, time is of the essence.

Possession: Possession of the farm will be given At Closing, Subject to Farm Tenant's Rights. On Tract 2 possession will be on May 1, 2022

Hunting Lease: There are no hunting leases in place.

Farm Lease: The current farm lease has been terminated and will be "open" for the 2022 crop year.

Survey Information: If any of the tracts sell to different Buyers, then Sellers will pay for the surveyor to put minimal stakes in the tract splits to identify new boundaries.

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.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction.

Fences: Existing fences, if any, are in as-is condition and will not be updated. Not all property lines have fences installed. No new fences to divide any of the tracts will be installed by the Sellers. All current and any future fences and fence lines shall be governed by the Lucas County and State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.

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 the Abstract.