HIGH QUALITY IOWA & NEBRASKA FARMLAND
104.22 acres+/- Woodbury County, Iowa Farmland (Farm #1)
& 163.78 acres+/- Pierce County, Nebraska Farmland (Farm #2)
Alfia West, Inc. - Seller
Sold At Auction Thursday, December 21, 2023
Dan Rohrer (402)841-1360 Listing Broker/Auctioneer
Woodbury County Land Sells in Salix, Iowa at 10am at the Salix Community Center (317 Tipton Street, Salix, IA)
Pierce County Land Sells by Randolph, NE at 3:30 p.m. at Jerry's Hilltop Restaurant (86420 US-Hwy 81, Randolph, NE)
Online bidding available
This auction presents an opportunity to acquire two investment quality farms. Both farms have been held by the Nelson family for many years and have been very well managed and operated through long term tenant relationships.
These farms offer productive soils and are located in strong demand areas with competitive grain markets and livestock feeding operations nearby. The buyers will receive full possession for the 2024 growing season. This will be a live auction with online bidding also available by pre-registering through our website. We welcome your inspection of these farms. Call for FSA information and all other relevant details! NOTE: Separate sale locations and sale times for each farm.
Location of Land: From I-29 Salix Exit 134- Take 275th street west 1/4 mile to Benton Ave., then 3 1/4 miles south
Description of Tract #1: This is a very productive tract of cropland that is 100% tillable. Soils consist mainly of Blake silty clay loam, Albaton silty clay, Onawa silty clay, and Percival-Albaton complex.
The farm has excellent road access and nearly level topography at 0-2% slopes. The farm consists of three tax parcels with CSR2 ratings of 74.72, 59.39, & 58.25. Small tracts of highly productive
cropland like this are difficult to find. This tract had 77.59 acres of soybeans and 26.28 acres of corn planted in 2023. This farm would make an attractive addition to any successful farm
operation or investment portfolio.
Legal Description of Tract #2: NW 1/4 of Sec. 2, Twp. 28N, Rg. 1W, Pierce Co., NE
2022 Tax: $3,498.76
Location of Land: From Hwy 81/20 Junction west of Randolph, NE- Take Hwy. 81 north 5 miles to 870 Rd., then 1 mile east
Description of Tract #2:This is also a very productive tract of cropland. Improvements include a 20,000 bushel Sioux grain bin constructed in 2013.
Soils consist mainly of Crofton, Nora, Hobbs, and Alcester clay and silt loams. The farm has gently rolling topography and good road access
being only one mile off of Hwy. 81. This tract had 150.62 acres of soybeans planted in 2023.
LIVE & ONLINE BIDDING
AUCTION TERMS, CONDITIONS, & REQUIREMENTS
TITLE & CLOSING:
Seller will provide marketable title to the buyer evidenced by an Owner's policy of title insurance, with the said cost being divided equally between buyer and seller.
The lenders policy and any endorsements will be paid by the buyer if requested. Preliminary title search information is available upon request.
Closing shall take place on or before January 19, 2024. Any escrow closing fees
charged by the closing agent will be equally divided between buyer and seller. The balance payable at closing must be in certified funds in the form
of a cashier s check or wire transfer. Buyers failure to close on or before the closing date may be subject to paying seller interest payments or a
daily penalty of up to $500 per day at the sellers election. Upon buyer default, the seller may also elect to engage other legal options including,
but not limited to, retaining the earnest money deposit and selling the property to another party.
PURCHASE AGREEMENT & EARNEST MONEY:
The successful buyer will be required to enter into a written purchase agreement immediately upon conclusion of the auction. Online buyers agree to
sign all documents immediately using electronic means. All bidders onsite or online will be required to also immediately deliver a 15% non-refundable
down payment to be made payable to Homestead Land Company Trust Account. The earnest money deposit may be a check or wire transfer. Buyer must deliver
a check to brokers office at 722 Main Street, Creighton, Nebraska or arrange for a wire transfer to our Real Estate Trust Account. Wiring instructions
are available upon request. Buyers failure to meet all terms and conditions or perform and close on the real estate purchase agreement are subject to
loss of their earnest deposit which will be retained by the seller and will not be refunded.
The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling documents of this sale and supersedes
any and all other terms whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction.
Bidders must request to review the purchase agreement prior to bidding if they wish to review it. Buyers consent to the purchase agreement as written by
bidding and waive any additional legal review of the purchase agreement once the auction has ended.
Property to be sold "AS IS" with no warranties or guarantees implied. Information provided herein was obtain from sources deemed reliable, but Broker makes
no guarantees to its accuracy. All prospective bidders are urged to fully inspect the property, its condition and rely on their own conclusions. The property
is sold subject to existing easements, restrictions, covenants or reservations of record, if any. Plat maps, aerial photos, and reference materials are not
intended as a survey and are for general location purposes only.
Buyer will receive possession of the farm on closing date subject to existing tenants rights with lease term ending February 28, 2024.
RENT PROCEEDS & TAXES:
The seller will pay the 2023 and any prior years real estate taxes. The 2024 and future years real
estate taxes will be the responsibility of the buyer.
A survey will be conducted if necessary or as part of a pre-determined lot split. A buyer may perform any survey at their own expense provided
however that it will not delay the auction or the closing and they hereby acknowledge that the resulting buyer initiated survey will not change the existing
boundaries, acreage figures, legal description, or sale price.
By bidding, buyers agree that they will enroll and transfer any CRP acres or acres enrolled in government programs into their name upon gaining ownership
or abide by continuing requirements of any government farm program, cost share improvement program, or conservation program on the premises. If buyer does
not assume said contract(s) and enroll these acres they accept responsibility to pay any necessary penalties or withdrawal fees the program assesses and
understand that the seller will not share in said costs or penalties incurred.
FSA base acres and yields will pass with the property as designated by reconstitution by the local USDA Farm Service Agency unless otherwise stated in the
Seller and Sellers Agent disclose that there may be noxious weeds present on the property (i.e. musk thistle, Canada thistle, leafy spurge, purple loosestrife, etc ).
The location of and density of noxious weeds is unknown at this time.
All mineral rights owned by the seller, if any, will be conveyed to the buyer.
Seller to convey all OWNED ground water rights and surface water rights to buyer, if any. It will be the buyer s responsibility to file any ownership transfer
documents and pay any fees to the Nebraska Dept. of Natural Resources and/or local Natural Resources District upon gaining ownership at closing.
LEGAL DESCRIPTIONS/ ACREAGE:
Legal descriptions are subject to existing fence/field boundaries or land use trades or agreements, if any between adjacent landowners. All stated dimensions,
sketches, and acreage figures are approximate or more or less and obtained from government tax records or FSA maps. The county tax records and FSA records
may indicate different acreages and no warranty is expressed or implied as to exact acreages of property. The purchase price entered on the purchase agreement
will be binding and will be for the total parcel without regard to exact acreage. Unless otherwise agreed upon in writing, there will be no adjustment in
purchase price if acreage is different than what is published at the auction.
BIDDING PROCESS: All ONLINE bidders must be registered and be approved to bid. Bidders are urged to register early as registration is required at least 24 hours prior to
the auction beginning. Register at https://homesteadlandcompany.nextlot.com Bidders must satisfy the auction company with their identity and be authorized to bid.
The auction company reserves the right to require bidders to satisfy the auctioneer of their financial ability to perform on this transaction prior
to bidding has occurred. All online bidder s consent to phone calls, text messages or emails from the auction company and its agents. Prior to bidding,
buyers may be required to provide the auction company verification of available funds to purchase the property and/or a bank loan approval letter with
no contingencies. You do not have to be present to bid online but are required to be available by phone.
By registering and submitting bids on this auction you hereby agree to the Terms and Conditions set forth herein. All bids, in any form, are legally
binding offers for real estate.
All buyers acknowledge that the Internet may be unreliable and error prone. The sellers and auction company will not guarantee that bids placed online
will always be transmitted to or received by the auctioneer in a timely fashion. Buyers hereby hold Mossy Oak Properties- Homestead Land and Management
Company, Inc, their associates, and the seller harmless for any technology failures or interruptions in online bidding due to the failure of the software
to function properly for any reason or due to errors caused by the buyer s computer system or network. Bidding remotely does not guarantee anonymity.
Sale is not contingent upon buyer financing or appraisal; all preliminary financial arrangements must be made prior to the auction. All bids are considered to be CASH.
Bidding increments are solely at the discretion of the auctioneer. The auctioneer may accept absentee, phone, or internet bids from any qualified bidders.
Being the high bidder does not form a contract until the auctioneer announces the property sold and the buyer is notified that the seller has accepted the bid.
Sale is contingent upon seller confirmation; however, it is their desire to sell to the highest and best bidder. The seller reserves the right to accept or
reject any and all bids. The auction company and seller reserve the right to preclude any person from bidding if there is any question as to the persons
credentials or fitness to bid.
Mossy Oak Properties - Homestead Land & Management Company, Inc., and its associates are representing the seller as sellers agents. All bidders acknowledge
that they are representing themselves or have hired representation using their own financial means to complete the auction sale transaction.
Announcements made the day of the auction will supersede earlier announcements, verbal or written. All decisions of the Auctioneer are final.