Terms & Conditions

By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract. You agree to abide by all terms and conditions and you acknowledge receipt of all explanations and information made available by Steffes Group, Inc., also referred to as Steffes Group or Company. 

Payment

When paying within the stated time and with our acceptable payment methods: 

• This Live webcast auction will have a internet buyer’s premium of $1,000 per Tract, if buying online.  There is no buyer's premium charged if bought onsite.  The internet buyer's premium will be added to the bid amount to arrive at the total contract purchase price.
• Down payment is due on the day the auction closes and signing of the contracts will take place through email and electronic document signatures..

Acceptable forms of payment:

• Bank Wire Transfer; please call for wire instructions to be emailed to you.
• Check delivered to our office that held the auction
• Check By Phone

Mt. Pleasant, Ames 319-385-2000

• Check By Fax

Mt. Pleasant, Ames 319-385-4709

Agents for Sellers
Steffes Group, Inc. and its Employees act merely as agents for sellers. All auctions are with reserve unless specifically stated otherwise. Auctions are with undisclosed reserves unless advertised otherwise as "Absolute."  Auctioneers, at their discretion, may place a reserve bid on behalf of the seller. All final bids are subject to the seller's confirmation. Only the top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied as to any items being sold, and you agree to purchase and accept the item in an as-is condition. Information on items is obtained by us from the sellers and you hereby agree to hold harmless Steffes Group and our Employees for any errors or omissions regarding the item(s) being sold. This information includes but is not limited to year, model, machine or engine hours, physical condition, options, features and other data pertinent to the value of the item. All items are sold As-Is-Where-Is unless specific factory or seller issued warranties are listed in the item description.

Inspection

You acknowledge that you have the right and responsibility to inspect the item(s) personally, or to have a third party representative inspect the item(s) for you. That by bidding on an item you have agreed to accept that item in its present condition at its present location and with the description provided whether accurate or not. 

Auction Close

Timed-online auctions will begin to close on the date and time listed. Lots will remain open until no bids have been placed within the last 4 minutes. Timed-online auctions normally close at a rate of 3 lots every 2 minutes.  

Please note that some lots can be tied together and will be set to close simultaneously.  This will be indicated in those lots by a paper clip symbol.  Please hover your mouse over the symbol to see what lots are tied together. The paper clip symbol means that each lot tied will stay in extension until there are no more bids on any of the lots that are tied.

Steffes Group reserves the right to close multiple lots per minute at its discretion. Upon your accepted bid of an item, that item shall immediately become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Steffes Group, its employees, and its sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any type of loss. Buyers are responsible for any costs incurred to prepare your item(s) for transport and/or shipping. This includes, but is not necessarily limited to, the cost of any rigging, dis-assembly, special loading requirements, transport, packaging, insurance, and all other costs related to physical transfer of your item(s). You agree to remit payment and remove from the auction property any purchases within the stated time for the auction being conducted. You further understand and agree that failure to remove items in the stated time for the auction will subject you to moving and storage fees unless arrangements have been made with the seller. 

Buyer Default

When using our online auction services you are making a firm commitment to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. 

Non-paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. 

Internet Risk

You acknowledge that the internet may be an unreliable and error-prone network. Steffes Group will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Group, Inc. and its employees harmless for any interruptions in online bidding. At the sole discretion of the Company, the auction may be suspended, postponed, or cancelled if internet service is unstable or disrupts the online portion of any event that is simulcast as an Internet Auction. 

Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Group retains the right, at our sole discretion, to add, delete, or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice.

MUSCATINE COUNTY IOWA LAND AUCTION

NICHOLS, IOWA
Tracts 1-3 are on the west edge of Nichols on Highway 22.
Tracts 4 & 5 are located 1 mile west of Nichols on Highway 22, then ½ mile south on 180^th Street.

Please Note: Venue Change!!
Due to an unexpected funeral at the American Legion,
this auction will now take place at the

Lone Tree Community School Wellness Center
209 Devoe Street, Lone Tree, IA

FRIDAY, APRIL 30, 2021 AT 10AM

Open House on Friday, April 23^rd, from 10-11AM

349.51 Surveyed Acres -  Sells In 5 Tracts

Subject to final survey

76.7 CSR2 !

Online Bidding Available!

Click Here for Survey of Tracts 1-3

Click Here for Survey of Tracts 4 & 5

View Tract 1 Real Estate Contract

View Tract 2 Real Estate Contract

View Tract 3 Real Estate Contract

View Tracts 4 & 5 Real Estate Contract

“Selling Choice with the Privilege”
Tracts 1, 2, 3, 4 & 5 will be sold price per surveyed acre and will be selling Choice with the Privilege. High bidder may take Tract 1, Tract 2, Tract 3, Tract 4, Tract 5 or any combination of tracts, times their high bid. This will continue until all tracts are sold. Tracts will not be recombined.

Auctioneer’ Note: The Meacham/Nichols family have been a staple in the Nichols town history upon entering Pike township in 1838 when they purchased a land claim from the first governor of the Iowa Territory Robert Lucas. On December 1^st, 1841, the 10th President of the United States John Tyler signed the grant for the sale of the land to the Meacham/Nichols family. Since that time, the Meacham family have owned property in the Nichols area as well as receiving the Iowa Century Farm Award in the 1940’s.  Steffes Group is proud to offer 341 Acres M/L of the Meacham’s land at public auction on April 30th, 2021.

Tract 1 – 70.87 Surveyed Acres

FSA indicates: 65.03 acres tillable.
Corn Suitability Rating 2 of 74.1 on the tillable.
Located in Section 9, Pike ‘W’ Township, Muscatine County, Iowa.

View Tract 1 Soil Map

Tract 2 – 85 Surveyed Acres

Approx: 80 acres tillable.
Corn Suitability Rating 2 of 76.7 on the tillable.
Located in Section 9, Pike ‘W’ Township, Muscatine County, Iowa.

View Tract 2 Soil Map

View Tract 3 Soil Map

View Tract 4 Soil Map

View Tract 5 Soil Map

View FSA Information

Possession: Projected date of June 14, 2021 (Subject to tenant’s rights on Tracts 1-3).

Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years. 

The following taxes are approximate and will be used to prorate at closing:
Tract 1 - $2,452.00 Net (Approx.)
Tract 2 - $2,998.00 Net (Approx.)
Tract 3 - $3,970.00 Net (Approx.)
Tract 4 - $1,848.00 Net (Approx.)
Tract 5 - $482.00 Net (Approx.)

Drainage Tax
Tract 1 - $82.00
Tract 2 - $119.00
Tract 3 - $121.00

Special Provisions:

• Tracts 1-3 are cash rented for the 2021 farming season.  Please contact Russ Lamp of Steffes Group for a copy of the lease agreement, russ.lamp@steffesgroup.com or by cell 319.212.0774.  The cash rent is $190/tillable acre with an additional flexible lease provision that may be due over and above the above cash rent.  The Buyer’s will receive 100% of the flexible lease payment, which is due December 1, 2021 from the tenant.  The Buyer(s) will also receive the second half cash rent payment from the tenant, due September 1, 2021 as follows:
  Tract 1 – $6,177.00
  Tract 2 – $7,673.00
  Tract 3 – $7,600.00
• Tracts 1-3, it shall be the responsibility of the Buyer to serve tenant notice, prior to September 1, 2021, if so desired.
• Tracts 4 & 5, the seller has served termination to the tenant on the pasture ground and is selling free and clear for the 2021 farming season.
• The tenants of the home on Tract 3 have been served termination notice and the home will be vacated by closing.
• It shall be the obligation of the buyer(s) to report to the Muscatine County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs. C. Final tillable acres.
• All tracts will be surveyed by a licensed surveyor.  Tracts 1, 2, 3, 4 & 5 will be sold by the acre with gross surveyed acres being the multiplier for said tracts.  If the recorded survey is different than the announced gross surveyed acres, adjustments to the final contract price will be made accordingly at closing.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The Buyer of Tract 3 shall bear the responsibility and expense to have the septic system pumped & inspected, prior to closing, as required by the Iowa DNR. It shall also be the buyer’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Muscatine County & Iowa Laws & regulations.  Prior to closing, the buyer shall acquire the proper paperwork required by the Muscatine County Sanitarian for the septic system.
• The Buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• If one Buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed (husband & wife constitute one buyer).
• The Buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required, it shall be at the expense of the buyer(s).
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The Buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Craig A. Meacham – Tracts 1-3

Chris & Dee Dee Meacham – Tracts 4-5

Jamie Bosten - Attorney for Sellers

For information contact Russ Lamp at Steffes Group, 319.385.2000 or 319.212.0774