METHOD OF AUCTION: 275.32 acres times the bid AUCTION TERMS: Your bid is not subject to financing. All online bidders must register at www.spencergroups.com and submit a bank letter of credit verifying their ability to purchase the farm. After approval, bidders will be granted a bidding number. All bidding live and online will conclude at the end of the live auction. Contact Spencer Auction Group at 712-644-2151. ACCEPTANCE OF BIDS: Final bid is subject to the approval of the Sellers. If the bid is accepted, buyer will sign a purchase agreement and place a 10% non-refundable earnest deposit in the Peters Law Firm Account, where it will be held until closing. Seller will provide an updated abstract. Buyer will have a title opinion completed by the attorney of the buyer's choice, at the buyer's expense. Each party will be responsible for normal closing costs associated with closing a real estate transaction. CLOSING: Closing on or before July 10th, 2023. Your bid is not subject to financing. Buyer will be expected to close on July 10th upon verification of clear title. AGENCY: Ed Spencer Real Estate/Farms America, INC and Spencer Groups, its agents and its associates, are agents for, and represent the Sellers in this transaction. All bidders shall 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 property 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.