AUCTION DETAILS Guthrie County, Iowa Land Auction 160 Acres M/L Wednesday, April 26th 2023 at 10:00 AM Sellers: Diane Sweet, Vicki Lowe, Mark Blomquist, Kevin Blomquist Representing Attorneys: Eric Reinhart at Bruner, Bruner, Reinhart & Morton Guthrie Center, Iowa DuWayne Dalen at Finneseth, Dalen & Powell Perry, Iowa Auction Location: Menlo Community Building 417 Sherman Street Menlo, Iowa 50164 Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform. Auction Method: The tract will be offered via Public Auction and will take place at 10:00 AM at the Menlo Community Building in Menlo, Iowa. The farmland tract will be sold on a per-acre basis through a traditional auction method. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Farm Program Information: Farm Program Information is provided by the Guthrie County Farm Service Agency. 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 farm is reconstituted by the Guthrie 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 Peoples Company’s Trust Account. Closing: Closing will occur on or before Friday, June 9th, 2023. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer. Possession: Possession of the Property will be given to Buyer immediately upon a fully executed purchase agreement, earnest money deposit, and proof of insurance on the property. Farm Lease: The farm is open for the 2023 cropping season. Contract & Title: Immediately upon conclusion of the auction, the high bidder 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 financing. Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary. Surveys: No additional surveying or staking will be provided by the Seller. 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 on 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.
Guthrie County, Iowa Land Auction – Mark your calendar for Wednesday, April 26th, 2023 at 10:00 AM! Peoples Company is honored to represent the Blomquist Family members in the sale of 160 total acres m/l located three miles northeast of Menlo, Iowa. The farmland consists of a total of 117.54 M/L FSA tillable acres with approximately 108 acres currently in production and a CSR2 soil rating of 67.6. The primary soil types include Sharpsburg silty clay loam and Colo-Judson silty clay loam. The balance of the acres are made up of well- maintained grass waterways, pasture acres, a building/acreage site, timbered draws, and approximately 4 acres of road right-of-way. The property includes an older two-story home built in 1900 with four bedrooms and one bathroom. There are two wells on the acreage site located immediately east of the house. Last chance to add acres for the 2023 farm year! The farm lease is OPEN for 2023 and Buyer will be able to take possession immediately. Improvements were made to the farm through the EQIP cost-share program between the years 2016 and 2018 that include 2,769 linear feet of drainage tile, 750 linear feet of terraces, and the installation of several waterways to prevent erosion and slow the speed of water flowing through the farm. See attachments or contact agent for more details. The farm is located a stone’s throw away from several competing grain marketing options including the POET Ethanol Plant two miles south of the farm, grain elevators, and livestock facilities that purchase grain locally. The property has great access to nearby paved roads including White Pole Road / Hwy 925 to the south and Co Hwy P28 / Wagon Road to the east. The farm can be found in the NE ¼ of Section 14 in Beaver Township, Guthrie County, Iowa. The single tract will be offered on a price per acre basis via Public Auction and will take place on Wednesday, April 26th, 2023 at 10:00 AM at the Menlo Community Building, Menlo, Iowa. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available. *Please Note* The agricultural dwelling will be sold on an "as is, where is" basis. There is a building served by a private sewage disposal system on the property. Any and all septic system inspections, repairs, or replacement will be at the sole cost and responsibility of the buyer and/or the responsibility of vacating the septic system/removing of the home. The winning bidder will be required to execute a binding acknowledgment with the county board of health to either install a new septic system within an agreed upon time or demolish the building with an agreed upon time. The auction will be conducted as a price per acre basis with the multiplier being 160 acres more or less, which is calculated by adding the taxable acres of 156 listed on the Guthrie County, Iowa Assessor’s and 4 acres for the road right-of-way. The Buyer should verify any information regarding the total acres being purchased.