Wayne County, Iowa Land Auction

116.19 Acres M/L

Offered in Three Tracts

Thursday, October 14, 2021

5:00 PM CST

Seller:

The Estate of Vera A. Everman

Alicia Keasling, Executor of the Estate

Attorney for the Estate:

Jenna K. Lain, Attorney at Law

Meyer & Lain

Corydon, Iowa 50060

Auction Location:

Wayne County Fair Event Center

800 2nd Avenue

Corydon, Iowa 50060

Auction Method: Tracts 1, 2 and 3 will be sold on a price per acre basis and will be offered through the marketing method of “Buyer’s Choice”, where the high bidder can take, in any order, any or all tracts for their high bid. “Buyer’s Choice” auctioning will continue until all tracts have been purchased. Tracts will not be offered in their entirety at the conclusion of the auction.

Tract 1: 36.19 Acres M/L

Tract 2: 40 Acres M/L

Tract 3: 40 Acres M/L

Farm Program Information: Farm Program Information is provided by the Wayne County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farms are reconstituted by the Wayne County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in the Meyer & Lain Trust Account.

Closing: Closing will occur on or around Thursday, November 10, 2021. The balance of the purchase price will be payable at closing in the form of cash, certified check, or wire transfer.

Possession: Possession of the farm will be given at closing, subject to the current tenant’s rights.

Hunting Lease: There are no hunting leases in place.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2022 crop season.

Survey Information: Tract 1 has been surveyed to determine the property boundaries and actual gross acres to be sold. Tract 2 and 3 have been surveyed and if tracts 2 and 3 sell to different Buyers, then Sellers will pay for the surveyor to put minimal stakes in the tract splits to identify new boundaries. Any additional staking will be at the expense of the Buyer(s) of each tract. This work will not be completed until after 2021 crops are removed.

Contract & Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer obtaining financing after the auction is over. All financial arrangements are to have been made prior to bidding at the auction. Transfer will be made by Court Officer Deed. Estate Auction is subject to final court approval.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Online and phone bidders must register with the Auctioneer at least 24 hours prior to the start of the auction.

Tract 1 Driveway Entrance: Tract 1 does not currently have its own driveway entrance off of Payton Road. The new owner of Tract 1 will be responsible for installing a new driveway entrance per the Wayne County Engineer’s Office plans and specifications. Any and all costs associated with the installation of new driveway entrances, if needed, will be at the sole expense of the new owners of each tract. The Sellers will not install any new driveway entrances.

Fences: Existing fences, if any, are in as-is condition and will not be updated. Not all property lines have fences installed. No new fences to divide any of the tracts will be installed by the Sellers. All current and any future fences and fence lines shall be governed by the Wayne County and State of Iowa fence line rules and regulations. Existing fence lines may not be located on the true boundary lines.

Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.