Auction Terms:

Your bid is NOT subject to financing.  Interested parties must submit a bank letter of credit to the Spencer Auction Group office prior to receiving bid approval.  Contact the office at 712-644-2151.

Final bid on each tract will be subject to the Sellers approval.

• Tract 1 will sell on a total dollar basis


• Tract 2 will sell 133.80 acres times the bid.

Buyer will be purchasing the properties in their "as-is, where-is" condition.  Sellers will have until 5pm on August 8th 2022 to accept or reject the final bid on each tract.

If final bid is accepted, successful bidders wil sign a purchase agreement on each tract the day of the auction and deposit a 10% non-refundable earnest in the Blair Title Trust account, where it will be held until closing.

Tract 1 - Sellers and Buyers will split the cost of title insurance 50/50.  Sellers and buyers will pay normal costs associated with closing a real estate transaction.

Tract 2 - Seller will provide an updated abstract.  Buyer will have a title opinion completed by the attorney of the buyers choice at the buyers expense.  Sellers and buyers will pay normal costs associated with closing a real estate transaction.

Closing: Closing on each tract will be on or before September 8th, 2022.

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.

Disclaimer:
Announcements made by the auctioneer at the time of the sale or emailed to registered bidders will take precedence over any and all previously printed material, or any oral statements made. All information in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The farm is 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 due diligence, inspections, investigations, and inquiries regarding the farm. The information in this brochure is believed to be accurate, but is subject to the 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 and FSA. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer.