5146 Kennedy Street , Prole, IA 50229(Warren County)

Tract 1:40 acres m/l with 36.06 tillable acres carrying a CSR2 soil rating of 67.1.

Tract 2:114.43surveyed acres m/l with an estimated 103.82 tillable acres carrying a CSR2 soil rating of 76.2.

Tract 3:72.45 acres m/l with 38.41 tillable acres carrying a CSR2 soil rating of 83.2. Also contains 29.2 acres m/l of high-quality pasture.

Tract 4:7.55surveyed acres m/l with a two-story home built in 1885 with multiple outbuildings and enough room for livestock!

**** Open House will take place Friday, June 10th, 2022 starting at 3:00 PM and ending at 6:00 PM.

Please do not miss your chance to purchase one or all four of these outstanding tracts. Whether it be an addition to an existing operation, dream building site, or weekend getaway location with a view, this auction has all of that and more! Contact Daran Becker, the listing agent, for showings or any questions. See you at the American Legion Hall Friday, July 1st, 2022, at 10:00 AM!

Farm Details

FSA Cropland Acres 178.29

Corn: 107.90 Base Acres with a PLC Yield of 137

Soybeans: 79.30 Base Acres with a PLC Yield of 39

*** Farm program Information is for the four tracts. Base Acres will be adjusted per the default method when the farm is reconstituted by the Warren County FSA office.

AUCTION DETAILS

Warren County Land Auction

234.43 Acres M/L

Offered in four tracts

Friday, July 1st, 2022

10:00 AM

Seller:

Duane & Mary Proudfit Family Trust & Bown Family Trust

Auction Location:

American Legion Hall

105 W 1st Ave

Indianola, IA 50125

Auction Method: Tracts one, two and three 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 three tracts have been purchased. Tracts will not be offered in their entirety or combined at the conclusion of the auction. After Tracts one, two and three have been selected we will open the bidding on Tract four. Tract four will be sold on a "Whole Dollar Basis."

Tract 1: 40 Acres M/L

Tract 2: 114.43 Acres M/L

Tract 3: 72.45 Acres M/L

Tract 4: 7.55 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 Warren 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 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 Monday, August 15th, 2022. 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. Early possession may be granted on Tracts 1-3.

Farm Lease: The farmland will be open for the 2022 farming season.

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.

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. 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 the figures stated within the marketing material. The 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.