Dec 2nd 2022 Land Auction 2 Tracts Adair Co.

Land for Sale

157 +/- Adair County Farmland

Offered in 2 Tracts

For sale at Auction

Skellenger Farm Partnership

Friday December 2nd 10 AM

Casey Community Building 104 W. Sherman ST. Casey Iowa

Highlights

Tracts are located in Jefferson Township 4 1/2 miles South of I-80 Exit 86 & less than 1 mile East of Hwy 25.on 150th ST. This long time productive family farm has been well cared for with a corn/bean/alfalfa rotation. Tract 1 and 2 are in corn in 2022 and both have some hay ground. The South end of tract 2 lying south of the creek makes an ideal recreation area with access to all kinds of wildlife from the tree lined dirt road and the brushy creek that divides it from the crop ground.

Tract # 1

Address-1491 Orange Ave. Menlo Iowa. Taxes: $1514.00 Annual

Legal Description-E 1/2 SE1/4 section 29-77-31

Farmland 80 acres, CSR2 rating 53.6(Surety Agri Data) with 68.5 crop acres per FSA-578 with balance in hay & building site (of little value).

Tract # 2

Taxes: $1492.00 estimated Legal Description: E1/2 NE 1/4 section 32-77-31 less 2.5 acres. Tract #2 is made up of land that lies in Section 32 south of 150th street containing Farmland 77.67+/- Acres CSR2 rating 64.8 (Surety Agri Date) has approximately 67.23 crop acres 5.13 acres in waterways and hay ground per FSA- map

FSA Information Farm # 5315 shows both tracts combined with the following * Click here for FSA /upload/Skellenger Farm Partnership/156ez_Farm_5315_Protected.pdf

Click Here for FSA Map/upload/Skellenger Farm Partnership/Tract_1_2_FSA_map_revised.pdf

Base PLC Yield

Corn 30.8 119

Soybeans 28.8 34

Total Base Acres 59.6

Real Estate Taxes: Will be prorated to the date of closing as a credit to the new buyers. Taxes will be based on current county taxations for these parcels.

Minerals and Wind Energy Rights: All mineral interests owned by sellers will be conveyed to the buyer.

Conditions: This sale is subject to all easements, covenants, restrictions of record and leases. Tenants lease is terminated March 1, 2023. All property is sold AS-IS with no specific guarantees expressed or implied, by the sellers or agents. Sale is not contingent on financing! All buyers must be prequalified and able to provide earnest deposit and closing on or before January 15th 2023.

Possession: upon closing. The current lease is in effect until Feb. 28, 2023 Earnest Payment: A 10% earnest money payment is required day of sale and upon acceptance by sellers. 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 auction and acceptance by sellers, buyers will enter into a real estate contract and deposit the necessary earnest payment. The sellers will provide the current abstract of title at their expense. Sale is not contingent on Buyer's Financing.

Sale Method: The real estate will be offered in 2 tracts. Open bidding will be welcome by all qualified bidders until the bidding ceases and the Auctioneer announces that each individual tract is sold. Bidding increments are at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without 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.

Closing: will be approximately 30 days following the acceptance of an offer on or before January 15, 2023. 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.

Agency: Wedemeyer Auction & Realty LLC are acting as Agents of the Seller. Announcements: Information provided herein was obtained from sources deemed reliable, 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 sale day take precedence over printed materials or oral statements. Wedemeyer Auction & Realty reserve the right to preclude any person from bidding if there is a question as to their credentials or fitness to bid

Wedemeyer Auction & Realty LLC

Doug Wedemeyer Auctioneer 641-740-0102

Judy Wedemeyer Real Estate Broker 641-746-272

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

Tract 1