Buyer understands that their bid is not subject to financing, and are purchasing this farm in it's as-is condition.  Winning bidder will sign a purchase agreement immediately following the auction, and will place a 10% non-refundable earnest deposit made payable to Blair Title.  Balance due at closing on or before Feb. 22nd 2021.
Method of Auction: Farm will sell taxable acres times the bid.  Final bid is subject to the approval of the sellers.

Friday, January 22nd at 11am
Spencer Auction Facility, Beebeetown, iowa
3328 Overton Ave

97.2 taxable acres.
93.20 tillable acres of which 24.61 are currently enrolled in CRP.
New buyer will agree to assume and abide by the CRP contracts and agrees to sign FSA peperwork to transfer the CRP contracts.  FSA will prorate the CRP payment to the date of closing.

Method of Auction: Farm will sell taxable acres times the bid.  Final bid is subject to the approval of the sellers.
Terms: Buyer understands that their bid is not subject to financing, and are purchasing the farm in it's "as-is" condition.  Winning bidder will sign a purchase agreement immediately following the auction and will place a 10% non-refundable earnest deposit made payable to Blair Title.  Balance due at closing on or before February 22nd, 2021.
Sellers will provide and updated abstract. Buyer to provide title opinion.  Seller and buyer will be responsible for their respective closing fees.
Agency: Farms America Inc/Spencer Auction Group are agents for and represent the Sellers in this transaction.  All bidders will be considered customers, not clients.