State Highway 5 , Pleasantville, IA 50225(Marion County)

Tract 2 consists of an estimated total of 89.14 acres m/l with an estimated 85.65 FSA Cropland acres carrying a CSR2 value of 86.2. The primary soil types include high yielding Winterset, Sharpsburg, and Macksburg silty clay loams. Located just east of Business Highway 5 and north of Jesup Street, this wide open, highly tillable tract offers road access and frontage on three sides. The highly tillable farmland tract is located within the Southeast Quarter of Section 22 of Pleasant Grove S Township.

The Pleasantville FFA Livestock Teaching Farm will be sold separately and not included with this sale. A survey is being completed and the final gross acres for Tract 2 are subject to change prior to the day of the auction. The fence surrounding the house and acreage site is not accurate to the actual property boundaries for Tract 2. There is an approximate distance of 35 feet between the current fence and the property boundary. Tract 2 has been surveyed and new parcel numbers will be assigned by the Marion County Assessor and/or Auditor. Please contact the listing agent for additional details.

Estimated FSA Cropland Acres: 85.65

Oats: 2.36 Base Acres with PLC Yield of 57

Corn: 46.71 Base Acres with a PLC Yield of 180

Soybeans: 33.26 Base Acres with a PLC Yield of 51

*Farm program information is estimated and subject to change when the farm is reconstituted by the Marion County FSA Office.

AUCTION DETAILS

Marion County Land Auction

310.22 Acres M/L

Offered in Four Tracts

Friday, August 6th, 2021

10:00 AM

Seller:

Howard "Pat" Myers Estate

Auction Location:

Pleasantville Memorial Hall

101 N Jefferson Street

Pleasantville, IA 50225

Auction Method: All tracts will be sold on a per-acre basis and will be offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take, in any order, any or all tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all four tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

Tract 1: 43.38 Acres M/L

Tract 2: 89.14 Acres M/L

Tract 3: 74.17 Acres M/L

Tract 4: 103.53 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.

Farm Program Information: Farm Program Information is provided by the Marion 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 Marion 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: As this sale is being sold by an Estate, the final sale will be subject and contingent upon receiving Court Approval. Closing will occur on or before Friday, September 17th, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

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

Farm Lease: The farm is currently leased for the 2021 cropping season and will be open for the 2022 cropping season.

Contract & Title: Immediately upon 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. Sale is not contingent upon Buyer financing.

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. 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 abstract.