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

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 auction. The payment

may be in the form of cash, cashier’s check, personal

check, or company check. All funds will be deposited

and held by Gary T. Gee Law Office Trust Account in

their trust account.

Contract and Title: Immediately upon conclusion of

the auction, 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 paid equally by both the Seller and the Buyer(s).

Sale is not contingent upon Buyer(s) 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

cash, 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 until

the Auctioneer announces that the real estate is sold

or that the bidding is closed. 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: Harriet Magugliani Estate

Auctioneer: Kam Hartstack

Important Notice: Farmers National Company and its

agents take the responsibility to connect buyers and

sellers very seriously. We also understand the prime

importance of personal and public safety during the

Covid-19 situation. Therefore, please be aware that

allowable auction crowd size and procedures may

change without notice based on directives by local,

state and federal agencies. Please call the agent or

check our website: www.FarmersNational.com for any

changes.

Online Bidding Procedure:

The online bidding begins on Thursday, December

24, 2020, at 8:00 AM CT. Bidding will close on

Thursday, January 21, 2021, at the end of the live

auction.

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.

162.1+/- Acres, Pottawattamie County, Iowa

Thursday, January 21, 2021 • 2:00 PM

Farm Service Coop • 41938 Industrial Drive • Oakland, Iowa 51560

Highlight Features:

• 98% tillable with full possession available for 2021!

• Excellent producing, nearly level East Pottawattamie County farm!

• Close proximity to grain markets!

Property Location: From Oakland, Iowa and the junction of US Highway 6 and 59; travel one and a half miles north of Oakland, Iowa, on Highway 59, farm is on the east side of the highway.

Legal Description: NW1/4NW1/4, S1/2NW1/4 and the N1/2SW1/4 all in Section 31,Valley Township, T76N, R39W of the

 5th PM, Pottawattamie County, Iowa.

Property Description: Nearly level, NHEL, high quality soils allowing for fast and efficient farming

located just north of Oakland, Iowa along Highway 59.

Farm Data:

Cropland 158.47 acres

Non-crop 2.65 acres

R.O.W. 0.98 acres

Total 162.1 acres

FSA Information:

Base                           PLC Yield

Corn 154 acres           166 bushels

Soybeans 1.7 acres     52 bushels

Taxes: $5748