90th Avenue , Indianola, IA 50125(Warren County)

Peoples Company is pleased to be representing the Andrew Klyn Trust with their sale of Warren County, Iowa farmland. The property consists of a total of 144.47 acres m/l and will be sold in two separate tracts via the Buyer's Choice public auction method where the high bidder will be able to choose Tract 1, Tract 2, or both tracts together. The auction will take place at the American Legion Hall in Indianola, Iowa on August 26th, 2020 at 10AM. These tracts are exceptional land offerings that have not been offered to the public for many decades. Both of these tracts consist of highly tillable farmland along with the opportunity for multiple building sites. Paved road frontage as well as rural water and electric is offered for both Tracts along R57 Highway. The farmland is leased for the 2020 crop year and the buyer will receive the second half of the rent payment (contact agent for details). The Andrew Klyn Farm is located along Highway R57, minutes from Indianola, Iowa, and is in Section 20 of Lincoln Township.

*The neighboring properties fenceline encroaches on both Tract 1 and Tract 2. Please contact listing agent for details.

Please join us at 10AM on August 26th, 2020 at the American Legion Hall in Indianola, Iowa to bid on these highly desirable pieces of farmland!

Farm Details

FSA Cropland Acres: 128.63

Corn: 62.5 Base Acres with a PLC Yield of 128

Soybeans: 62 Base Acres with a PLC Yield of 43

*Farm Program Information for Tract 1 & Tract 2 are currently combined under Farm #6118 and Tract #12163. Base Acres will be adjusted per the default method when the farmland is reconstituted by the Warren County FSA Office.*

AUCTION DETAILS

Auction Location:

American Legion Hall

105 W 1st Avenue

Indianola, IA 50125

COVID-19 Auction Guidelines

To follow CDC guidelines and accommodate proper social distancing, Peoples Company will be offering multiple methods of bidding for this auction.

In-person bidding: 50% capacity will be allowed at the American Legion Hall in Indianola at one time. Social distancing will be practiced with all parties required to stay a minimum of 6 feet apart.

Online bidding: See website for details.

Phone bidding: Contact John Hutchcroft at 515-321-5970 or Jake Sickels at 515-681-2103 at least 48 hours prior to the auction to get registered as a phone bidder.

Auction Method: The farm will be offered in two separate tracts via the "Buyer's Choice" auction method. All bids will be on a price per acre amount. Actual acres may change subject to survey currently being conducted on the farm. Should tracts be sold separately to two different buyers, survey pins will be set to mark the property boundary between Tract 1 and Tract 2.

Farm Program Information: Farm Program Information is provided by the Warren 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 Warren 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 Wednesday October 7th, 2020. 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 farm will be given At Closing, Subject to Farm Tenant's Rights.

Farm Lease: There is a farm lease in place for the 2020 farm year for the tillable acres. The Winning Bidder will receive the second half of the cash rent for the 2020 crop season. Contact agent for additional farm lease details.

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.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid 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. 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.