Terms & Conditions

By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Steffes Group, Inc., also referred to as Steffes Group or Company. 

Payment

When paying within the stated time and with our acceptable payment methods: 

• A buyer’s premium of $1,000 per Tract applies to items purchased on this Live Webcast Auction, if purchased online.  No Buyer's Premium charged if purchased onsite.

• Down payment is due on the day the auction closes and signing of the contracts will take place through email and electronic document signatures..

Acceptable forms of payment:

• Bank Wire Transfer; please call for wire instructions to be emailed to you.
• Check delivered to our office that held the auction
• Check By Phone

Mt. Pleasant, Ames 319-385-2000

• Check By Fax

Mt. Pleasant, Ames 319-385-4709

Agents for Sellers
Steffes Group, Inc. and its Employees act merely as agents for sellers. All auctions are with reserve unless specifically stated otherwise. Auctions are with undisclosed reserves unless advertised otherwise as "Absolute."  Auctioneers, at their discretion, may place a reserve bid on behalf of the seller. All final bids are subject to the seller's confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold, and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Steffes Group and our Employees for any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features and other data pertinent to the value of the item. All items are sold As-Is-Where-Is unless specific factory or seller issued warranties are listed in the item description.

Inspection

You acknowledge that you have the right and responsibility to inspect the item(s) personally, or to have a third party representative inspect the item(s) for you. That by bidding on an item you have agreed to accept that item in its present condition at its present location and with the description provided whether accurate or not. 

Auction Close

Timed-online auctions will begin to close on the date and time listed. Lots will remain open until no bids have been placed within the last 4 minutes. Timed-online auctions normally close at a rate of 3 lots every 2 minutes.  

Please note that some lots can be tied together and will be set to close simultaneously.  This will be indicated in those lots by a paper clip symbol.  Please hover your mouse over the symbol to see what lots are tied together. The paper clip symbol means that each lot tied will stay in extension until there are no more bids on any of the lots that are tied.

Steffes Group reserves the right to close multiple lots per minute at its discretion. Upon your accepted bid of an item, that item shall immediately become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Steffes Group, its employees, and its sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any type of loss. Buyers are responsible for any costs incurred to prepare your item(s) for transport and/or shipping. This includes, but is not necessarily limited to, the cost of any rigging, dis-assembly, special loading requirements, transport, packaging, insurance, and all other costs related to physical transfer of your item(s). You agree to remit payment and remove from the auction property any purchases within the stated time for the auction being conducted. You further understand and agree that failure to remove items in the stated time for the auction will subject you to moving and storage fees unless arrangements have been made with the seller. 

Buyer Default

When using our online auction services you are making a firm commitment to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. 

Non-paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. 

Internet Risk

You acknowledge that the internet may be an unreliable and error-prone network. Steffes Group will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Group, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction. 

Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group retains the right, at our sole discretion, to add, delete, or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. 

CERRO GORDO & FLOYD COUNTY, IOWA
LAND AUCTION

NORA SPRINGS & ROCKFORD, IOWA
Auction to be held at the Rudd Community Center. Blue Room, 501 Floyd St., Rudd, IA

WEDNESDAY, NOVEMBER 3, 2021 AT 10AM

638.35 Surveyed Acres M/L – Sells In 6 Tracts

Survey Now Complete

View Tracts 1- 3 [ Survey Overlay ] [ Survey Plat ]

View Tract 4 [ Survey Overlay ] [ Survey Plat]

View Tract 5 & 6 [ Survey Overlay ] [ Survey Plat ]

83.5 CSR2!

Selling Free and Clear for 2022 Farming Season

Online Bidding Available!

“Selling Choice with the Privilege”
Tracts 1-5 will be sold price per gross surveyed acre and will be selling Choice with the Privilege. Whereas the high bidder may choose any Tract or Tracts or all Tracts or any combination of Tracts, in any order, times their high bid. This will continue until Tracts 1-5 are sold.  Tracts will not be recombined.  After Tracts 1-5 are sold, then Tract 6 will be sold.  Tract 6 will be sold lump sum price.

Tract 1 – 52.47 Surveyed Acres

Located 3 ½ miles south of Rockford, IA on County Highway T18.
FSA indicates: 49.86 acres tillable.
Corn Suitability Rating 2 is 78.6 on the tillable acres.
Located in Section 34, Scott Township, Floyd County, Iowa.

Tract 1 Soil Map

Tract 2 – 128.81 Surveyed Acres
Located 3 ½ miles south of Rockford, IA on County Highway T18.
FSA indicates: 121.93 acres tillable.
Corn Suitability Rating 2 is 83.5 on the tillable acres.
Located in Section 34, Scott Township, Floyd County, Iowa.

Tract 2 Soil Map

Tract 3 – 59.12 Surveyed Acres
Located 3 ½ miles south of Rockford, IA on County Highway T18.
FSA indicates: 38.66 acres tillable.
Corn Suitability Rating 2 is 82.5 on the tillable acres.
Located in Section 34, Scott Township, Floyd County, Iowa.

Tract 3 Soil Map

Tract 4 – 159.36 Surveyed Acres
Located 4 ½ miles south of Rockford, IA on County Highway T18. Address is 1321 260^th Street, Rockford, IA
FSA indicates: 128.71 acres tillable.
Corn Suitability Rating 2 is 71.5 on the tillable acres.
Beemis Creek runs through this tract.  This tract also has a 16’x26’ shed, two small grain bins & a corn crib.
Located in Section 3, Scott Township, Floyd County, Iowa.

Tract 4 Soil Map

Tract 5 – 228.59 Surveyed Acres
Located 2 ½ miles south of Nora Springs on County Highway S70
Approx. 220 acres tillable.
Corn Suitability Rating 2 is 72 on the tillable acres.
Located in Section 25, Portland Township, Cerro Gordo County, Iowa.

Tract 5 Soil Map

Tract 6 – 10.70 Surveyed Acres
Located 2 ½ miles south of Nora Springs on County Highway S70.  Address is 24575 240^th Street, Nora Springs.
Buildings on this tract include a 72’x144’ machine shed, 48’x112’ machine shed, 14’x24’ building with a bath, 23,353 bu. grain bin, 3,468 bu. grain bin, a holding bin and a non-working well.
Approx. 5 acres tillable.
Corn Suitability Rating 2 is 82 on the tillable acres.
Located in Section 25, Portland Township, Cerro Gordo County, Iowa.
Included: LP tank

Tract 6 Soil Map

View FSA Information

Terms: 10% down payment on November 3, 2021. Balance due at final settlement with a projected date of December 17, 2021, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of December 17, 2021 (Subject to tenant’s rights on the tillable land).
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years. 

The following taxes are approximate and will be used to prorate at closing:
Tract 1 - Tax parcel Part 320093410000100 - $1,279.00 Net
Tract 2 - Tax parcel Part 320093410000100 - $3,254.00 Net
Tract 3 - Tax parcel Part 320093410000100 - $1,405.00 Net
Tract 4 - Tax parcel 130330000100 - $3,002.00 Net
Tract 5 - Tax parcels 82520000200, 82520000400, 82540000200, 82520000300, 82540000100, Part 82520000100 - $5,041.00 Net
Tract 6 - Tax parcels  Part 82520000100 - $309.00 Net

Special Provisions:

• Seller has served termination to the tenant and the land is selling free and clear for the 2022 farming season.
• It shall be the obligation of the Buyer to report to the appropriate County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. Final tillable acres will be determined by the FSA office, as some fields are combined and/or overlap Tract lines. 
• All tracts will be surveyed by a licensed surveyor. Tracts 1 - 5 will be sold by the acre with gross surveyed acres being the multiplier for said tracts. Tract 6 will be sold lump sum price. If the recorded survey is different than the announced gross surveyed acres, adjustments to the final contract price will be made accordingly at closing only on Tracts 1 - 5, where the gross surveyed acres are being used for the multiplier. No adjustments will be made on Tract 6, as it is selling lump sum price.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
• If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (husband & wife constitute one Buyer).
• The Buyer shall be responsible for any fencing in accordance with Iowa state law.
• The Buyer shall be responsible for installing his/her own entrances if needed or desired.
• The Buyer of Tract 6 shall bear the responsibility and expense to have the septic system pumped(if required) & inspected, prior to closing, as required by the Iowa DNR. It shall also be the Buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Cerro Gordo County & Iowa Laws & regulations. Prior to closing, the Buyer shall acquire the proper paperwork required by the Cerro Gordo County Sanitarian for the septic system.
• If in the future a site clean-up is required, it shall be at the expense of the Buyer.
• All mineral rights, if any, held by Seller will be transferred to Buyer upon closing.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Teeple Farms, Inc.

Michael S. Vervaecke – Attorney for Sellers

For information contact Nate Larson of Steffes Group,
641.423.1947 or 319.931.3944