Auctions

Auction Terms:

Auction Date: Thursday, June 23, 2016, 10:00AM
Bridge View Center, 102 Church St, Ottumwa, IA 52501

This is a reserve auction, the reserve price is undisclosed.

All parcels are being sold “as-is”

10% earnest money down is due by winning bidder at auction’s end.

Closing must take place on or before July 28, 2016. If buyer does not close by this date all earnest monies shall be forfeited to the seller and contract shall become void. If seller causes delays in closing earnest monies shall remain with the buyer.

Possession to the buyer shall be March 1, 2017.

The possession of the 2016 crop shall remain with the seller, however, $40 per planted acre will be paid to the buyer on November 1, 2016.

There is a $6500 hunting lease that shall remain valid through December 31, 2017. Buyer to receive $6500, December 1, 2016.

All day-of-auction announcements shall take precedence over any advertising.

The seller reserves the right to accept offers prior to the auction. To make a pre-auction offer please contact Jason Carter, RE/MAX Pride Inc

Auction Procedure:

Tracts 1,2,3 shall be auctioned separately, and then auctioned as combined. Sale will be completed whichever way nets the seller the highest amount.

Tracts 4 & 5 shall be auctioned separately, and then auction as combined. Sale will be completed whichever way nets the seller the highest amount.

Tract Info: 563 Acres M/L Total, 287 Acres M/L Tillable

Tract 1 – 118 Acres M/L, 50 Acres M/L Tillable, Taxes $620, Pond, CRP possible

Tract 2 – 156 Acres M/L, 55 Acres M/L Tillable, Taxes $1090, Pond

Tract 3 – 222 Acres M/L, 115 Acres M/L Tillable, Taxes $1820, Pond, Outbuildings, CRP possible

Tract 4 – 34 Acres M/L, Mostly Tillable, Taxes $526, Possible Build Site

Tract 5 – 33 Acres M/L, Mostly Tillable, Taxes $610, Possible Build Site, Hard Surface Road Entrance

149 Acres M/L (if not more) can possibly be put back in CRP ($177 Acre) – Tract 1 – 35 Acres M/L – Tract 3 – 114 Acres M/L