AUCTION DETAILS
How to Bid: Open up the Fraise Auction & Real Estate auction you are interested in at Fraiseauction.com. Click on any of the BID NOW icons within that auction. This will take you to the Online Bidding Platform. Find the auction you wish to participate in and open it up. To participate in that auction click REGISTER TO BID. From there you will need to create a bidder account. Once that is created you are able to bid on any of our Online Auctions
Auction Method: The Gary Burkey Farm will be sold in one individual tract on a price per acre basis, based on the number of advertised acres. Auction is being conducted Online Only with a soft close, which means a bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate if the internet service fails to work correctly before or during the auction.

Contract & Title: Immediately up conclusion of the auction, the high bidder will enter into a real estate sales contract with the Seller. The Seller will provide a current abstract at their expense. Real estate taxes will be prorated to the date of possession. Sale is NOT contingent on Buyer's financing, an appraisal, site inspection or any other contingencies.


Survey: Seller shall not be obligated to furnish a survey.

Earnest Money: Ten (10%) percent of the bid price will be required within 24 hours of the auction ending. All funds will be held in Fraise Auction & Real Estate Trust Account.

Closing & Possession: Closing will occur on or about February 23, 2024. Possession will be given at the time of closing.

Septic Systems: Because this is an Estate sale, Seller is exempt from the Time of Transfer Septic law.

Reservations: Seller reserves all appliances, personal property, farm equipment and livestock gates.

Inclusions: 500-gallon LP tank. Additionally, Buyer accepts any remaining personal property at the time of closing.

Other: It shall be the Buyer's responsibility to report to the Jefferson 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) Prorate of CRP. The real estate is selling subject to all easements, covenants, leases and restrictions of record. The State of Iowa fence line laws will govern Tract where applicable. All property is sold on an "As Is, Where Is" basis with no warranties, expressed or implied made by the Auctioneer, Fraise Auction & Real Estate or Seller. Fraise Auction & Real Estate and its representatives are agents of the Seller. The winning bidder acknowledges that they are representing themselves in completing this transaction. Any announcements made on auction day by the Auctioneer will take precedence over all marketing material or oral statements. Bidding increments are at the sole discretion of the Auction Company and can be changed at any time during the course of the online auction.

Disclaimer: Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. All boundary stakes, lines drawn on maps and photos are approximate. Overall Tract acres, etc. may vary from figures stated within the marketing material. No liability for its accuracy, errors or omissions is assumed by the Seller or Auction Company.

GARY W. BURKEY ESTATE - SELLER
Lloyd Bank - Executor
Paul Miller of Miller Law Office
119 N Court St., Fairfield, Iowa � 641.472.5049 - Attorney for Seller



Disclaimer and Absence of Warranties: All information contained in this and all related materials are subject to the terms and conditions outlined in the agreement to purchase. Announcements made by the auctioneer during the time of the sale will take precedence over any previously printed material or any other oral statements made, except the purchase agreement.

The property is being sold on an 'As Is, Where Is' basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained is believed to be accurate but is subject to verification by all parties relying on it.

All lines drawn on maps and photos are approximate. No liability for its accuracy, errors or omissions is assumed by the seller or the auction company. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The auctioneer reserves the right to change the bidding increments at any time during the auction.

The seller and auction company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, legal competence, etc. All decisions of the auctioneer are final.

Agency: Fraise Auction & Real Estate and their representatives are exclusive agents of the seller.
Currency Type: USD

Special Terms
Fraise Auction & Real Estate is providing Internet bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate or anyone else if the Internet service fails to work correctly before or during the auction.

Fraise Auction & Real Estate will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction concludes. Fraise Auction & Real Estate reserves the right to withdraw or re-catalog items in this auction.

JEFFERSON COUNTY, IOWA LAND & ACREAGE AUCTION 50 ACRES� � SELLNG IN 1 TRACT MONDAY, JANUARY 22, 2024 AT 10:00 A.M. Open House/Inspection: Saturday, January 13th from 11AM - 1PM LOCATION The Burkey farm is located in Section 28 of Lockridge Township, Jefferson County, Iowa or 2.5 miles northwest of Lockridge, IA. From Lockridge travel west 1 mile on U.S. Hwy. 34 to Velvetleaf Avenue, then proceed north 1.5 miles to the property. Physical Address: 2036 Velvetleaf Avenue, Lockridge, Iowa