LAND AUCTION

80+/- Acres, Grundy County, Iowa
Thursday, February 25, 2021 • 10:00 AM
at the Wellsburg Community Center • 503 North Adams Street • Wellsburg, Iowa

Minerals: All mineral interests owned by the

Seller, 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 March 24, 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 the

Farmers National Company 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 the closing

company 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 by both the Seller and Buyer(s). Sale

is not contingent upon Buyer(s) financing.

Closing: The sale closing is on March 24, 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 Farmers National

Company.

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. 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: Mark Bakker, Dwight Bakker, Randall

Bakker, Jon Bakker

Auctioneer: Joel Ambrose