County Road J22 , Promise City, IA 50165(Wayne County)

Wayne County, Iowa Online Only Auction- Auction Friday, March 25th, 2022 with all bidding to take place in an online only format! The property will be offered Absolute and sold to the highest bidder. Peoples Company is pleased to present this 5.99 acre property. Located on the pavement in northern Wayne county this property offers a very modern feed yard. The facility is comprised of 2 large pens, the west lot offers 200 foot of cement bunk line and the east lot offers 180 foot of cement bunk line. In total, the lots offer 380 foot of continuous fence line bunk space. Each pen also offers permanent shades for both summer and winter protection. All exterior, as well as interior fencing, is steel pipe making for very little maintenance. The yards funnels into an all steel working facility built with functionality and safety in mind. Cattle working facility offers cement as well as space under roof. This property also offers a three bay commodity shed. This shed has 5 foot poured cement sidewalls. The property is on Rathbun rural water.

A survey has been done and will be filed prior to the auction to determine exact property boundaries. Two separate ingress/egress easements will be filed at the time of closing to benefit both the subject property as well as the properties to the North and West. Details of the survey as well as the easements can be found in the attachments below. A new Electrical service will be required for the property, this will be the buyer's responsibility.

Details

Farm Program Information is provided by the Wayne 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 Wayne County FSA and NRCS offices.

Improvements

Improvements include:

380 foot of cement fence line feed bunks and cement pads

Steel fencing

Commodity shed and barn

Automatic livestock waters

Livestock shades

Catch basins

Reserved Items

Cattle working chute and tub, portable livestock panels as well as any remaining feed at time sale; are all personal property of the seller and will be removed prior to granted possession.

Additional Info

Closing is scheduled for April 25th, 2022 with a possession date of May 25th, 2022. A $0.14/head per day rent will be given to the buyer for 30 days from closing to possession. This number will be based on the number of cattle in the yards at the time of closing.

AUCTION DETAILS

Wayne County, Iowa Online Only Auction

5.99 Acres M/L

Bidding ends: Friday, March 25th, 2022 at 4:00 PM

The bidding is currently live

Seller: Allison Brown

Online Bidding: Contact Listing Agent or visit our website.

Offering Wayne County, Iowa Feedlot through an ONLINE ONLY auction where all bidding must be done online through Peoples Company's bidding application. Bidding is currently LIVE and will remain open until Friday, March 25th, 2022 at 4:00 PM Central Time Zone (CST) with closing taking place on or before Monday, April 25th, 2022. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all the bidding is completed. If you plan to bid, please register 24 hours prior to the close of the auction. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the internet service fails to work correctly before or during the auction.

Farm Program Information: Farm Program Information is provided by the Wayne 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 Wayne County FSA and NRCS offices.

Co-Broker: Co-Broker must register the client 24 hours prior to the auction date by filling out our Broker Registration Form.

Earnest Money Payment & Possession: A 10% earnest money payment is required upon conclusion of the auction. The earnest money payment may be paid in the form of check or wire transfer. All funds will be held in Peoples Company's Trust Account. Possession of the property will be granted on May 25th, 2022.

Closing: Closing will occur on or about Monday, April 25th, 2022. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

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 total price and not on a per acre basis. Seller reserves the right to accept or reject any and all bids. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.

Disclaimer: All property boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall property characteristics 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.