LAND AUCTION
160+/- Acres • Cherokee County, Iowa
Friday, December 18, 2020 • 10:00 AM
At the Cherokee Community Center 530 West Bluff Cherokee, IA

AUCTION TERMS

Minerals: All mineral interests owned by the Seller, if

any, will be conveyed to the Buyer(s).

Taxes: Real estate taxes will be prorated to closing.

Conditions: This sale is subject to all easements,

covenants, restrictions of record, and leases. Each

Bidder is responsible for conducting, at their own risk,

their own inspections, inquiries, and due diligence

concerning the property. All property is sold on an “AS

IS-WHERE IS” basis with no warranties or guarantees,

either expressed or implied, by the Seller or Farmers

National Company.

Possession: Possession will be granted at closing on

January 13, 2021 or such other date agreed to by the

parties. Subject to the expiration of the current lease

on February 28, 2021.

Earnest Payment: A 10% earnest money payment is

required on the day of the bidding. The payment may be

in the form of cashier’s check, personal check, company

check, or wired funds. All funds will be deposited and held

by Farmers National Company Trust Account.

Contract and Title: Immediately upon conclusion

of the bidding, the high bidder(s) will enter into a real

estate contract and deposit with the closing agent the

required earnest payment. The Seller will provide a

current abstract of title at their expense. The cost of any

escrow closing services will be equally paid by both the

Seller and Buyer(s). Sale is not contingent upon Buyer(s)

financing.

Closing: The sale closing is on January 13, 2021 or such

other date agreed to by the parties. The balance of the

purchase price will be payable at closing in guaranteed

funds or by wire transfer at the discretion of the closing

agent.

Sale Method: The real estate will be offered as a

total unit. All bids are open for advancement until the

Auctioneer announces that the real estate is sold or

that the bidding is closed. The real estate will sell in

the manner resulting in the highest total price. Bidding

increments are solely at the discretion of the Auctioneer.

No absentee or telephone bids will be accepted without

prior approval of Farmers National Company and Seller.

All decisions of the Auctioneer are final.

Approval of Bids: Final sale is subject to the Seller’s

approval or rejection.

Agency: Farmers National Company and its

representatives are acting as Agents of the Seller.

Announcements: Information provided herein was

obtained from sources deemed reliable, but neither

Farmers National Company nor the Seller makes any

guarantees or warranties as to its accuracy. All potential

bidders are urged to inspect the property, its condition,

and to rely on their own conclusions. All sketches,

dimensions, and acreage figures are approximate or

“more or less”. Any announcements made auction day

by Farmers National Company will take precedence

over any previous printed materials or oral statements.

Farmers National Company and Seller reserve the

right to preclude any person from bidding if there is

any question as to the person’s credentials or fitness

to bid.

Seller: Marilynn Clyne Hoenig Irrev Trust

Auctioneer: Kam Hartstack

Online Simultaneous Bidding Procedure: The online

bidding begins on Saturday, November 14, 2020, at

8:00 AM. Bidding will be simultaneous with the live

auction on Friday, December 18, 2020, with bidding

concluding at the end of the live auction.

To register and bid on this auction go to:

www.fncbid.com

All bids on the tracts and total unit will be visible on-line,

but the identity of bidders is confidential. See auction

terms and conditions for minimum bid requirements and

details.

Server and Software Technical Issues: In the event

there are technical difficulties related to the server, software,

or any other online auction-related technologies,

Farmers National Company reserves the right to extend

bidding, continue the bidding, or close the bidding.

Neither the company providing the software nor Farmers

National Company shall be held responsible for a

missed bid or the failure of the software to function properly

for any reason. E-mail notification will be sent to

registered bidders with updated information as deemed

necessary by Farmers National Company.