43709 State Highway 14 , Chariton, IA 50049(Lucas County)

Peoples Company is pleased to present 154.56 acres m/l of Lucas county farmland to be offered at a live and online public auction. This property offers a great combination of highly productive tillable farmland, a large livestock building, outstanding building sites, pasture, and hay ground. The farm is located just four miles south of Chariton, Iowa on State Hwy 14. The location of this property lends itself to endless opportunities with access to pavement from all three tracts. The farm has been well maintained with numerous upgrades focused on soil health and conservation including tile and terraces and no-till practices. The large livestock building has been modified as needed to include steel pipe fencing and numerous automatic waters. Without question, this Lucas county farm offers opportunities for both local operators as well as investors. The farm will be offered in three individual tracts ranging in size from 12.5 acres m/l to 100.06 acres m/l.

These tracts will be offered via a Live Public Auction that will take place at 10:00 AM on Tuesday, October 25, 2022, at Carpenter's Hall located at 1215 Court Ave, Chariton, Iowa 50049. The land will be sold as three individual tracts on a price per acre basis. 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

154.56 Acre M/L

Offered in 3 Tracts

Tuesday, October 25, 2022, 10:00 AM

Seller: Hunter Brothers and Chris & Ashlynn Rosa

Auction Location:

Carpenters Hall

1215 Court Ave

Chariton, IA 50049

Online Bidding: Visit our website or contact Listing Agent. 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 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 154.56 acre m/l will be offered via Public Auction and will take place at 10:00 AM on Tuesday, October 25, 2022. 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 to the High Bidder. Tracts will not be offered in their entirety or combined at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Tract 1: 100.06 Acres M/L

Tract 2: 42 Acres M/L

Tract 3: 12.5 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. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction. Peoples Company and its representatives are agents of the Sellers. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

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 check or wire transfer. All funds will be held in the Goldsmith Law Trust Account.

Closing: Closing will occur on or before Friday, December 9, 2022. The closing attorney will be Goldsmith Law. The balance of the purchase price will be payable at closing in the form of 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.

Closing Attorney: Closing will be overseen by Goldsmith Law Office

Possession: Possession of the farm will be given At Closing, Subject to Tenant's Rights.

Farm Lease: The current farm lease has been terminated and the farm will be open for the 2023 crop year. Contact Agent for details.

Survey: A survey will be completed on Tracts 1, 2, and 3 prior to closing.

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. 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 lines rules and regulations. Existing fence lines may not fall directly on the legal boundary.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Goldsmith Law the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing. All financial arrangements are to have been made prior to bidding 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. 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 Abstract.