1479 33rd Avenue , Saint Charles, IA 50240(Warren County)

Tract 1: 103.56 acres m/l with 95.86 FSA tillable acres carrying a CSR2 soil rating of 73.

Tract 2: 41.07 acres m/l with 12.92 tillable acres carrying a CSR2 soil rating of 64.8.

Tract 3: 40.95 acres m/l with 16.17 tillable acres carrying a CSR2 soil rating of 52.9.

Tract 4: 2.67 surveyed acres with a 3 bedroom, 1 bathroom, 1-1/2 story home with outbuildings.

**** Open House will take place Friday, September 9th, 2022 starting at 3:00 PM and ending at 6:00 PM.

This Farm has what you are looking for - an addition to an existing farm operation, great recreation with income, a dream building site, or a weekend getaway location with a view. This auction has all of that and more! Contact Daran Becker or Mike Nelson, the listing agents, for showings or any questions. Please do not miss your chance to purchase one or all four of these outstanding tracts. We will see you at the Immaculate Conception Hall on September 30th, 2022, at 10:00 AM!

****Sellers have granted an easement to Warren County Rural Water District allowing them to install the main service line after the harvest of the crop. This will connect Warren County Rural Water Districts' existing service lines from Nevada Street to 33rd Avenue. For further questions Contact the listing agents or Warren County Rural Water District.

Details

FSA Cropland Acres: 125.98

Corn: 54 Base Acres with a PLC Yield of 133

Soybeans: 51.06 Base Acres with a PLC Yield of 39

Oats: 2.94 Base Acres with a PLC Yield of 36

Farm program Information is figured for the whole farm. 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

188.25 Acres M/L

Offered in four tracts

Friday, September 30th, 2022

10:00 AM

Seller:

Jeanette Leach Estate

Auction Location:

Immaculate Conception Hall

101 James St,

St Charles, IA 50241

*Better known as the Catholic Church on the north side of St Mary's, IA.

Online Bidding: Contact Agent or Visit our website for more info.

Auction Method: Tracts one, two, and three will be sold on a price 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, tracts one, two, and/or three for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until tracts one, two, and three have been purchased. Tracts will not be offered in their entirety or combined after the auction. After tracts one, two, and three have been sold we will open the bidding on tract four. Tract four will be sold individually and on a "Whole Dollar Basis."

Tract 1: 103.56 acres m/l

Tract 2: 41.07 acres m/l

Tract 3: 40.95 acres m/l

Tract 4: 2.67 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 Settle Up Iowa's Trust Account.

Closing: Closing will occur on or before Monday, November 14th, 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, subject to tenants' rights.

Farm Lease: The farmland will be open for the 2023 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 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.