Sheldon, IA 51201(Sioux County)

Sale Date: March 25, 2021 10:30 A.M.

Auctioneers Note: Our company is honored to have been selected by to offer this farmland for sale at live public auction! Make plans today to attend this auction! This farmland offers great opportunity to start or to add acres to your current portfolio!! Pastureland & Farmland is not often offered for sale in this area! Call an auctioneer listed below today to receive a full informational packet! This auction will be held at the site of the farmland!!

Legal Description of Tract 1: Parcel D in Section 31, TWP 98N, Range 42W, Osceola County, IA Subject to all public easements and roadways of record.

General description of Tract 1: According to the survey, this property contains 105.85 gross acres. According to FSA/recent Survey, this farm contains approx. 96.84 tillable acres with the remainder in road/ditch and approx. 5.46 acres of grassland. This farm has a corn base combined with the adjoining property of 91.20 acres with a PLC yield of 161 bu. and has a soybean base of 43.60 acres with a PLC yield of 44 bu. FSA will do a reconstitution on base acres once the property is sold. This farm is classified as NHEL. The predominant soil types include: 203-Cylinder, 735-Havelock, 259-Biscay. The average CSR1 is 50.1 and the average CSR2 is 61.6. Buyer of this tract will be required to reimburse the former tenant $6,816.00 at closing for the fertilizer and V ripping which has been completed on this tract. Buyer of Tract 1 will receive a drainage easement from the buyer of Tract 3 to install/replace/repairs any new or existing drainage tile line. This farm appears to have a good state of productivity and is well managed. Buyer of Tract 1 will grant an easement on the South field driveway on this parcel for ingress/egress easement to Tract 3 to use the before mentioned field driveway for access to Tract 3. This farmland would make a great addition to your current farming operation or would make a great investment opportunity!! Make plans today to attend this auction!!!

Legal Description of Tract 2: Parcel G in Section 31, TWP 98N, Range 42W, Osceola County, IA. Subject to all public easements and roadways of record.

General description of Tract 2: According to the survey, this property contains 44.38 gross acres. According to FSA/recent Survey, this farm contains approx. 42 tillable acres with the remainder in road/ditch and approx. 1.93 acres of grass waterway. This farm has a corn base combined with the adjoining property of 91.20 acres with a PLC yield of 161 bu. and has a soybean base of 43.60 acres with a PLC yield of 44 bu. FSA will do a reconstitution on base acres once the property is sold. This farm is classified as NHEL. The predominant soil types include: 91-Primghar, 92-Marcus, 311B-Galva, 310-Galva, 203-Cylinder, 735-Havelock, 77B-Sac. The average CSR1 is 75.7 and the average CSR2 is 89.1. Buyer of Tract 2 will be required to reimburse the former tenant $672.00 at closing for V ripping which has been completed on this tract. Buyer of Tract 2 will receive a drainage easement from the buyer of Tract 3 to install/replace/repairs any new or existing drainage tile line. Any driveway work needed on this parcel will be the responsibility of the buyer. This farm appears to have a good state of productivity and is well managed. This farmland would make a great addition to your current farming operation or would make a great investment opportunity!! Make plans today to attend this auction!!!

Legal Description of Tract 3: Parcel E in Section 31, TWP 98N, Range 42W, Osceola County, IA. Subject to all public easements and roadways of record.

General description of Tract 3: According to the survey, this property contains 79.12 gross acres. This pastureland is currently fenced and is currently utilized as pasture with a portion also being hayed. This property has a source of water from Otter creek which flows through the property. It is not often that you have opportunity to purchase a larger tract of pastureland in this area. Buyer of Tract 3 will be required to grant a drainage easement to the buyers of Tracts 1 & 2 to install/replace/repair any new or existing drainage tile line. Buyer of Tract 3 will receive an ingress/egress access easement on the South field driveway of Tract 1 for access to Tract 3. This pastureland would make a great addition to your operation!! Make plans today to attend this auction!!!

Method of sale: Each parcel will be sold with the final bid price x the gross surveyed acres. Tracts 1 & 2 will be offered in the choice method. The first successful bidder will be allowed to select 1 of the tracts and then the remaining tract will be sold. Once Tract 1 & 2 are sold then Tract 3 will be sold. Auction will be held at the site of the Land.

Taxes: The current Real Estate Taxes according to the Osceola County Treasurer are approx. $2,328.70 per year on Tract 1, approx. $976.36 per year on Tract 2, approx. $1,740.64 per year on Tract 3. Seller will pay the 2020 taxes which are due and payable in March and Sept of 2021.

Possession: Possession to farm will be on April 1, 2021. Full legal possession will be on closing day.

Terms: Purchaser(s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit on each tract, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before May 4, 2021, when the buyer shall receive a clear and merchantable title to the property. These farms are being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Buyer of Tract 3 will be required to grant a drainage easement to the buyers of Tracts 1 & 2 to install/replace/repair any new or existing drainage tile line. Buyer of Tract 3 will also be required to sign a fence agreement with the Buyers of Tracts 1 & 2 stating that any fence repairs, maintenance or installation of fence, will be the sole expense of the buyer of Tract 3. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Thomas Whorley & Christopher GiitterAttorneys for Seller.

Keith A Timmer & Trudy K. Bryant Owners