Audubon Co. Land Auction Friday Dec. 3, 2021

Farmland For Sale at Auction

Merle Vokt Estate

Audubon County

77.58 Taxable Acres Audubon Twp. Audubon Co. Iowa

Friday December 3rd - 11 AM

Auction Location: Anita Community Center 805 Main (Library Building)

Directions to the farm: From Anita I-80 Exit 70 North 2 miles to 330th St. East 2 miles to Thrush Ave. Property located SE corner Jct. 330th & Thrush Ave.  Look for signs

-77.58 Taxable (NET) Acres per Audubon County Assessor/ Beacon

Wind turbine Contract with Mid American Energy Co.

Legal Description :West half (1/2) of the North West Quarter (W1/2 NW1/4) in Section Twenty-five (25), all in Township Seventy-eight (78) North, Range Thirty-four (34) West of the 5th P.M., Audubon County, Iowa.

Wind turbine Information: Original contract with Mid American Energy Co. expiration 2047 with additional 10 years following upcoming 2022 repowering of existing turbine to extend contract to 2057.  Wind turbine repowering is part of Mid American Energy "Eclipse Wind Project". All terms and conditions of the Original easement and the Amendments to the original easement will remain the same to the new owner. New owner will honor any and all contracts signed between sellers and Mid American Energy Co. Copy of original easement and Repowering Amendment  is available upon request. 

Soil Map-Judson & Sharpsburg Soils gently rolling land

Average CSRII-58.3 * Surety Mapping

2022 Wind turbine Annual Payment- $6326 payable to new owner. Annual fixed payments shall be adjusted upwards with a 2% escalation factor compounded annually.

FSA Information

Tract 1796 Farm 794

Farmland Acres 77.58 DCP Crop acres 74.37  per FSA 156 EZ

PLC Yield: Corn-158             Soybeans-44

Real Estate Taxes-$1994

Seller Merle Vokt Estate

Conditions:  This sale is subject to all easements, covenants, restrictions of record and leases.  Farm is not under lease.  Each bidder is responsible for conducting at their own expense all inspections, inquiries and other due diligence regarding this property.  All property is sold AS-IS with no specific guarantees expressed or implied, by the sellers or agents. 

Possession: March 1st 2022 Current lease is terminated following the  2021 crop year.

Earnest Payment: A 10% earnest money payment is required on the day of the auction. Payment may be in the form of cash, cashiers check, personal check or company check.  All funds deposited will be held by the closing agent Wedemeyer Auction & Realty in their trust account.

Contract and Title: Immediately upon conclusion of the auction, the highest bidder will enter into a real estate contract and deposit the necessary earnest payment.  The sellers will bring the abstract up to date at their expense.  Sale is not contingent on Buyer's Financing.  All buyers must be prequalified by their bank or be financially able to provide earnest money and closing funds on or around January 15th , 2022 

Closing:  will occur on or about January 15th 2022.  The balance of the contract will be due and payable at this time, all funds will be transferred by guaranteed funds at the discretion of the closing agents or sellers attorney Sale Method: The real estate will be offered in one tract.

Open bidding will be welcome by all qualified bidders until the bidding ceases and the Auctioneer announces that the real estate is sold.  Bidding increments are solely at the discretion of the Auctioneer.  No absentee or telephone bids will be allowed with out prior approval from the Auction Company and the Sellers.  All decisions of the auctioneer are final. 

Approval of Bids: Final sale is subject to the Seller's approval or rejection.

Agency: Wedemeyer Auction & Realty LLC are acting as Agents of the Seller and may enter into a Consensual Dual Agency Agreement at buyers request. 

Announcements: Information provided herein was obtained from sources deemed reliable, but Wedemeyer Auction & Realty nor the seller makes any guarantees or warranties.  All bidders must carefully review all materials provided, All figures, sketches and dimensions are approximate.  Any announcements made auction day by Wedemeyer Auction and Realty will take precedence over any printed materials or oral statements.  Wedemeyer Auction and Realty Company and Sellers reserve the right to preclude any person from bidding if their is question as to their credentials or fitness to bid. 

 

Seller: Merle E.  Vokt Estate

Contact Information

Auctioneer: Doug Wedemeyer 641-740-0102

Real Estate Broker: Judy Wedemeyer 641-746-2720

Website: www.wedemeyerllc.com         E-Mail info@wedemeyerllc.com