Marble Rock, IA 50653 - Floyd County

Floyd County Land Auction

112.18 Acres M/L

Offered in Two Tracts

Tuesday, August 11th, 2021

10:00 AM

Seller:

Delano Berg

Auction Location:

FloydCommunity Center

706 Fairfield St.,

Floyd, Iowa.

Auction Method:Bothtracts will be sold on a per-acre basis and will be offered via Bidder's Choice method. Tracts will not be offered in their entirety or combined at the conclusion of the auction.

Tract 1: 68.73Surveyed Acres

Tract 2: 43.45SurveyedAcres

Bidder Registration:All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Farm Program Information: Farm Program Information is provided by the FloydCounty Farm Service Agency. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the FloydCounty FSA and NRCS offices.

Earnest Money Payment:A 10% earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Companys Trust Account.

Closing:As this sale is being sold by an Estate, the final sale will be subject and contingent upon receiving Court Approval. Closing will occur on or before Friday, September 28th, 2021. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession:Possession of the landwill be given At Closing, Subject to Tenant'sRights.

Farm Lease:The farm is currently leased for the 2021 cropping season and will be open for the 2022 croppingseason.

Contract & Title:Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Fences:Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

Other:This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an As is Where is basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per-acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.

Disclaimer:All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.