*PLEASE NOTE... ALL REGISTERED BIDDERS MUST HAVE BANK LETTER OF APPROVAL SENT TO AUCTION COMPANY TO OBTAIN BIDDING APPROVAL. 
Terms:  Interested Bidders go to www.spencerauctiongroup.com to register for bidding and to obtain bidding approval.

IMPORTANT - METHOD OF AUCTION - TIMED ONLINE
Tract 1 will sell 96 acres times the bid.
Tract 2 will sell 70.18 acres times the bid.  Please note, the auction software does not allow for fractional increments, therefore, at the end of the auction, the final amount reflected online will show 70 acres times the bid.  The purchase agreement and amount you will pay will be 70.18 acres times the bid.

Acceptance of Bids:  Final bid on each tract is subject to the approval of the sellers. Sellers will make their decision by 5pm Central time on January 18th, 2021.

Auction Terms on each Tract:  Buyers understand that their bid is not subject to financing and are purchasing each tract in it's "as-is" condition. Winning bidder will sign a purchase agreement immediately following the auction, and will place a 10% non-refundable earnest deposit made payable to Blair Title. Balance due at closing on or before February 19th, 2021.

Title: Seller will provide an updated abstract on each tract. Buyer to provide a title opinion on each tract.

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.

For more information contact Hannah Spencer Johnsen - Auctioneer/Broker Associate 712-592-9794

Disclaimer:

Announcements made by the auctioneer 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 tracts 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 farm.  The information contained in this brochure is believed to be accurate, but is subject to the verification of all parties relying on it.  Not 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.

Lesline/Dickman Century Farm

Online Land Auction

Lesline/Dickman Family Farm

174.18 acres selling in 2 Tracts

Bidding Opens @ 10 a.m, January 11th, 2021

Bidding Ends @ Noon, January 18th, 2021

Full Possession for 2021

Farm will be offered in 2 Tracts and will not be combined.

Directions to the Farm: From Logan, Iowa, South on Overton Ave 4 1/2 miles, then East on 296th St - 2 miles. OR From Beebeetown, Iowa, North on Overton Ave 4 1/2 miles, then East on 296th St. 2 miles.

Tract 1 - North side of 296th St.

Tract 2 - South side of 296th St.

Tract 1: 96 Taxable Acres

Brief Legal Description: The SE1/4 SE1/4; E1/2 SW1/4 SE1/4; W1/2 NE1/4 SE1/4; and E 1/2 NW1/4 SE1/4, all in 1-78-43, Harrison County, Iowa

FSA Info:  50.92 Tillable Acres

Bases: 42.95 Corn/42.95 Beans - Bases are Combined with Tract 2  

FSA will split bases.

Corn PLC Yield: 112

Bean PLC Yield: 32

CSR: 60.3 CSR2 Per Surety Maps on the Tillable Acres

  Taxes: $1846 for 2019 tax year. Buyer will receive a credit for prorated taxes to the date of closing.  

Balance of land 45.08 acres consists of building site, timber and pasture.

This tract offers exceptional deed & turkey hunting and an excellent pavement location.

Tract 2: 78.18 Taxable Acres

Brief Legal Description: Lot 1 NE1/4 NE1/4; Lot 1 SE1/4 NE1/4; and Lot 1 NE1/4 SE1/4, all im 12-78-43, Harrison County, Iowa

FSA Info: 32.37 Tillable Acres

Bases: 42.95 Corn/42.95 Beans - Bases are Combined with Tract 1

FSA will split bases.

CSR: 59.4 CSR2 Per Surety Maps on the Tillable Acres

Taxes: $1404 for 2019 tax year. Buyer will receive a credit for prorated taxes to the date of closing.

Balance of land 45.81 acres consists of timber and pasture.

This tract offers exceptional deed & turkey hunting and an excellent pavement location.

Terms:  Interested Bidders go to www.spencerauctiongroup.com to register for bidding and to obtain bidding approval.

Acceptance of Bids:  Final bid on each tract is subject to the approval of the sellers. 

Auction Terms on each Tract:  Buyers understand that their bid is not subject to financing and are purchasing each tract in it's "as-is" condition. Winning bidder will sign a purchase agreement immediately following the auction, and will place a 10% non-refundable earnest deposit made payable to Blair Title. Balance due at closing on or before February 19th, 2021.

Title: Seller will provide an updated abstract on each tract. Buyer to provide a title opinion on each tract.

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.

For more information contact Hannah Spencer Johnsen - Auctioneer/Broker Associate 712-592-9794

Disclaimer:

Announcements made by the auctioneer 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 tracts 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 farm.  The information contained in this brochure is believed to be accurate, but is subject to the verification of all parties relying on it.  Not 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.

Lesline/Dickman Farm, Owners