Buyers of each Tract will be purchasing the property in it’s “as-is, where is” condition. Successful bidder will sign a purchase agreement the day of the auction, and deposit a 10% earnest deposit on each tract in the Blair Title Trust Account. Your bid is NOT subject to financing, inspections or appraisals. Financing must be arranged prior to the auction. Seller will provide clear and marketable title at closing. Each Tract will not be surveyed in it’s entirety. Surveys are being completed on the parcels split that are requiring sketch platting per Pottawattamie County Zoning. Final acres will be determined by these surveys and Pottawattamie County Assessor Abstracting & Title Insurance: Tract 1 – Sellers will complete Title Insurance, with the cost to be split 50/50 between the buyers and sellers. Tracts 2, 3, 4 & 5 – Seller will provide abstract. Buyer to provide title opinion. Closing: Closing on each tract shall be on or before January 5th, 2021. Acceptance of Bids: Final bid on each tract is subject to the approval of the Sellers. Possession: Buyers of Tracts 1 and 2 shall receive full possession at closing. Buyers of Tracts 3, 4 and 5 shall receive landlords possession at closing. Sellers shall retain 100% of the 2020 cash rent. Buyers of Tracts 3, 4 and 5 will receive full possession March 1st, 2021 and full farming rights for the 2021 crop year. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any and all previously printed material, or any oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The farms are being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the acreage. The information contained in this brochure is believed to be accurate, but is subject to verification of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs and information provided by the county assessor. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Agency: Farms America, INC/Ed Spencer Real Estate and Spencer Auction Group are agents for and represent the sellers in this transaction. All bidders will be considered customers, not clients.

800 acre m/l Land Auction
Saturday, October 24th @ 11am
Spencer Auction Facility, Beebeetown, Iowa

Tract #1 - 40 Acres M/L Located in Section 24 & Section 25, Lewis Township, Pottawattamie County, Iowa. 40 Acres of grass and trees with approximately 3/4 mile of frontage on Wabash Trace Nature Trail. Excellent location for a new home

Tract #2 - 138 Acres M/L Located in Sections 23, 24, 25 & 26 Lewis Township Pottawattamie County Iowa. 138 acre Oak Savannah, ideal site for homes or hunting retreat with live running water. 1 mile of frontage on Wabash Trail.

Tract #3 - 236 Acres M/L Located in Sections 24 and 25 Lewis Township, Pottawattamie County Iowa. This parcel is 98% tillable, excellent CSR rating of 84.1. This tract lays well, is eye appealing and is the “Real Deal”

Tract #4 - 176 Acres M/L Located in Sections 25, 26 and 36 Lewis Township, Pottawattamie County Iowa. Excellent addition to any farming operation with a 71.9 CSR. This Tract could have the possibility of accommodating several acreage building sites bordering Dumfries Ave

Tract #5 - 200 Acres M/L Located in Sections 25 and 36 Lewis Township, Pottawattamie County Iowa. Excellent 77.6 CSR2. This farm is a great compliment to Tract “4”

Buyers of each Tract will be purchasing the property in it’s “as-is, where is” condition. Successful bidder will sign a purchase agreement the day of the auction, and deposit a 10% earnest deposit on each tract in the Blair Title Trust Account. Your bid is NOT subject to financing, inspections or appraisals. Financing must be arranged prior to the auction. Seller will provide clear and marketable title at closing. Each Tract will not be surveyed in it’s entirety. Surveys are being completed on the parcels split that are requiring sketch platting per Pottawattamie County Zoning. Final acres will be determined by these surveys and Pottawattamie County Assessor Abstracting & Title Insurance: Tract 1 – Sellers will complete Title Insurance, with the cost to be split 50/50 between the buyers and sellers. Tracts 2, 3, 4 & 5 – Seller will provide abstract. Buyer to provide title opinion. Closing: Closing on each tract shall be on or before January 5th, 2021. Acceptance of Bids: Final bid on each tract is subject to the approval of the Sellers. Possession: Buyers of Tracts 1 and 2 shall receive full possession at closing. Buyers of Tracts 3, 4 and 5 shall receive landlords possession at closing. Sellers shall retain 100% of the 2020 cash rent. Buyers of Tracts 3, 4 and 5 will receive full possession March 1st, 2021 and full farming rights for the 2021 crop year. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any and all previously printed material, or any oral statements made. All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The farms are being sold on an “as-is, where-is” basis, and no warranty or representation, either expressed or implied concerning the property is being made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the acreage. The information contained in this brochure is believed to be accurate, but is subject to verification of all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or the Auction Company. All sketches and dimensions in this brochure are approximate and based upon GIS, aerial photographs and information provided by the county assessor. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. Agency: Farms America, INC/Ed Spencer Real Estate and Spencer Auction Group are agents for and represent the sellers in this transaction. All bidders will be considered customers, not clients.