Auction Terms

Minerals: All mineral interests owned by the Seller, if

any, will be conveyed to the Buyer.

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

February 25, 2021 or such other date agreed to by the

parties. Subject to current lease.

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 Gary T. Gee Law Office 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 Gary T. Gee Law Office Trust

Account, 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. Sale is not contingent upon Buyer financing.

Closing: The sale closing is on February 25, 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

Gary T. Gee Law Office.

Survey: At the Seller’s option, the Seller shall provide

a property survey sufficient to provide good title where

there is not an existing legal or where new boundaries

are created. The Seller will pay the survey cost. Final

contract prices will not be adjusted to reflect any difference

between the advertised and actual surveyed acres.

Sale Method: The real estate will be offered as one individual

tract. All bids are open for advancement starting

Monday, January 18, 2021, at 8:00 AM until Thursday,

January 21, 2021, at 10:00 AM, subject to the automatic

bid extend feature outlined in these terms and conditions.

Auctions are timed events and subject to extended

bidding due to bidding activity. Any bid placed within

two minutes of the auction ending will automatically extend

the auction for two minutes from the time the bid is

placed. The auto-extend feature remains active until no

further bids are placed within the two-minute time frame.

All decisions of Farmers National Company 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.

Sellers: Harriet Magugliani Estate

Online Bidding Procedure:

This online auction begins on

Monday, January 18. 2021 at 8:00 AM,

Bidding will close on

Thursday, January 21, 2021 at 10:00 AM.

To register and bid on this auction go to:

www.fncbid.com

All bids on the tract 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.

ONLINE LAND AUCTION
160+/- Acres • Calhoun County, Iowa
Online bidding starts Monday, January 18, 2021 • 8:00 AM
Bidding closes Thursday, January 21, 2021 • 10:00 AM

Highlights:
• Quality Calhoun County farm
• 98% tillable with open lease
• High commodity prices/low
interest rates

Property Information

Property Location: From the southwest corner of Rinard, Iowa,

travel north one mile on County Road P13 to 300th Street then

travel east for one-half of a mile. The farm will be to the north.

Descriptions: The SE1/4 of Section 8, T87N-R31W of the

5th P.M., Calhoun County, Iowa.

Property Description: This is your chance to acquire a high quality

Calhoun County Farm that is highly tillable with no obstructions.

This property offers various tile improvements and an open lease

for 2021. With the lack of land on the market, low interest rates,

strong current commodity prices and an optimistic outlook on

future pricing, now is the time to lock into this long-term investment!

Please visit our website for further details including tile maps!

Farm Data:

Cropland 156.05 acres

Non-crop 3.95 acres

Total 160.00 acres

FSA Information:

Base Yield

Corn 78 acres 149 bushels

Soybeans 78 acres 41 bushels

Taxes: $3,842.00