Bidding will be by the acre times the surveyed
acres in Parcel 1 - - - - - - for Parcel 2 the gross
taxable acres will be the multiplier.
Parcels will be offered with the highest Buyer's right
to select one or both parcels at the bid price. If the
high bidder selects only one parcel, the remaining
parcel will be offered to the contending bidder at the
high bid. In the event the contending bidder elects not
to purchase, the remaining parcel will be offered at
auction in the same manner.
The highest bidder for Parcel
1 will pay $15,000.00 sale day and for Parcel 2 will pay
$40,000.00 as irrevocable earnest money and will sign a
Written Confirmation Of Sale Of Real Estate At Public
Auction (purchase agreement) which will call for the
unpaid balance for each parcel to be paid in full on
delivery of deed and merchantable abstract of title.
One abstract of title will be provided for each
Possession upon delivery of
deed, merchantable abstract and final settlement subject
to the 2018 cropland lease.
At closing, the purchaser of Parcel 1 will
receive a credit of $1,200.00 for their share of the
2018 rent and the purchaser of Parcel 2 will receive a
credit of $8,250.00 for their share of the 2018 rent.
All rights & responsibilities of the farmland
rental agreement transfer to the purchaser(s) at time of
The real estate tax installment due March 30, 2018 has
been paid by the Seller and the remaining real estate
taxes will be prorated to the date of settlement.
Closing will occur at the offices of Waterhouse
Realty & Auctioneers acting as Seller's Agent only @
1624 220th Street, Manchester, Iowa.
Purchase is made without buyer
contingency of any kind and is based solely on
purchaser's judgment selling "as is where is with all
faults and/or merits known or unknown, seen or unseen".
All measurements, descriptions, and other details
have been obtained from sources deemed reliable.
Verification of any or all items are considered
to be made by prospective purchaser's finding of facts,
both off & on premises.
The Seller, Seller's Legal
Counsel and Fiduciaries, and the Auction Firm assume no
liability for errors and/or omissions. Land is selling
subject to easements of record including but not limited
to roads and utilities. Final sale of either or both
parcels is subject to confirmation of the owner,
however, we strongly suggest you do your fact finding,
make your financial arrangements, and attend this
auction prepared to be the new owner.