TERMS:

TERMS AND CONDITIONS OF AUCTION

Representing Attorney: Lynch Law Firm

Sale Date: Online only auction. Bidding concludes 12:00 PM April 4, 2025 which will be open for participation one week prior to the deadline through United Country Hawkeye Farm Mgmt & Real Estate’s Bidwrangler auction platform.

Approval of Bids:  Seller is serious about selling this property at auction but does reserve the right to accept or reject the final bid. Each bid shall constitute an offer to purchase, and the final bid, if accepted by the Seller, shall constitute a binding contract between the Buyer and Seller. Conduction of the auction and increments of bidding are at the direction and discretion of United Country Hawkeye Farm Mgmt & Real Estate and/or the auctioneers.

Tracts:  Farm will be sold in two tracts. Due to a survey completed on March 13, 2025 by Lance Surveying Services the tract acre amounts have been amended. Tract 1 – 33.76 +/- Surveyed Tax Acres. Tract 2 – 35.17 +/ Surveyed Tax Acres.

Auction Method: The property will be sold on a price per acre basis based on acres obtained from the Van Buren County Treasurer. The auction can be viewed through a Virtual Online Auction option and online bidding will be available. All tracts will be offered through the marketing method of " Buyer's Choice " whereas the high bidder can purchase ( in any order ) any or all tracts for their high bid. The tracts will not be offered in their entirety at the conclusion of the auction.

Online Bidding Process: To participate in the bidding process, please register at http://uciowa.bidwrangler.com/. Interested bidders can access the live auction through our brokerage’s auction platform via the Internet. By using this online auction platform, bidders recognize that internet performance can be unpredictable and may occasionally affect access, result in downtime, or lead to slow connections to the platform. Bidders agree that Hawkeye Farm Mgmt & Real Estate, along with its affiliates, members, officers, shareholders, agents, or contractors, cannot be held responsible for any connectivity issues or disruptions that bidders may encounter while using the online auction platform. Auction Closing & Auto Extend – The Auto-Extend feature will be used during this auction, if applicable. If a bid is placed within one minute of the auction’s scheduled end, the auction will extend for 2 minutes. This gives bidders an additional opportunity to place a bid. If no further bids are received, the auction will close, and United Country Hawkeye Farm Management will contact the winning bidder. However, if a new bid is placed during the extension, the auction will remain open, and all bidders will have another chance to bid. This process will continue until no bids are placed during the final extension. United Country Hawkeye Farm Management will contact the winning bidder.

Bidder Registration: Prospective bidders must register with Hawkeye Farm Management & Real Estate and receive a bidder number to bid at the auction. All online bidders must be approved prior to the auction starting. Be sure to allow ample time for registration approval. Hawkeye Farm Management & Real Estate and its representatives act as agents for the Seller. Winning bidder(s) acknowledge that they are representing themselves in completing the auction sale transaction.

FSA:  All FSA information, maps, field boundaries and acres are presumed accurate based on the best available information and knowledge of the seller and United Country Hawkeye Farm Management & Real Estate.

As is-where is:  Property is sold “AS IS-WHERE IS” and the Buyer should take time to examine this property thoroughly and rely on their own judgement. The only guarantee from the Seller is a valid, good, and marketable title to the property. Neither the Seller, United County Hawkeye Farm Mgmt & Real Estate, or the Auctioneers are giving any warranties other than a clear title. Buyer must conduct their own inspections at their own expense prior to bidding at the auction. Auctioneers, United Country Hawkeye Farm Mgmt & Real Estate, or its agents are not responsible for any representation made by Seller or their employees and are not responsible for accidents on the sale property should any occur. Contact United Country Hawkeye Farm Mgmt & Real Estate at 641-932-7796 or Luke Nissen at 712-304-4827 for private showing prior to day of sale.

Taxes: Taxes will be pro-rated to the date of closing and based on tax acre estimates as sold per Van Buren County Treasurer.

Possession: Farm is leased for the 2025 growing season and possession will be given on March 1, 2026. Buyer will receive 100% of the scheduled cash rent payments for the 2025 growing season.

Mineral Rights:  All mineral rights, if any, owned by the Seller will be conveyed to the Buyer.

Subject to: The sale of this property is subject to any and all easements of record, covenants, restrictions of record and leases.

Contract and Earnest Payment: Buyer and Seller will enter a standard format Contract for the Sale of Real Estate on the day of auction. Contract will call for 10% earnest money on the day of sale to be held in Hawkeye Farm Mgmt Trust in the form of a personal, corporate or cashier’s check with the balance of the purchase price due, in certified funds, at closing on or before May 5, 2025. Contracts will contain no financing or inspection contingencies and Buyer must have their own financing and make their own inspections prior to bidding at this auction. Seller will provide abstract continued through date of sale to Buyer’s attorney for title opinion and deliver title by General Warranty Deed. Buyer will be responsible for their own mortgage policies of title insurance (if applicable). The 2024-2025 Property taxes will be prorated. Exact legal to come from deed and abstract.  Buyer is responsible for their own investigation of property and/or zoning for their intended use.

Day of Auction:  Announcements made by the United Country farm Mgmt & Real Estate and Auctioneers ahead of or during the time of sale take precedence over any previously printed materials or any oral statements made. The sale will be controlled by the auctioneer. United Country Hawkeye Farm Mgmt & Real Estate and Auctioneers represent the Seller only. If a tie or dispute occurs between two or more bidders, the Auctioneer may re-open the bidding at the Auctioneer’s sole discretion and shall serve as the sole arbiter as to who is or is not allowed to bid. Auctioneer reserves the right to reject any bid that is only a fraction advance over the preceding bid, to regulate bidding and to accept or reject any or all bids. Auctioneer reserves the right to enter bids on behalf of absentee/phone bidders as well as the Seller. Any and all decisions of Auctioneer regarding the conduct of the auction shall be final without liability to any party.

Agency: Auction Company United Country Hawkeye Farm Mgmt & Real Estate, Auctioneer and their representatives are exclusive agents of the Seller.

THE BIDDING WILL ONLY LAST A FEW MINUTES, AND THE AUCITONEER HAS FINAL SAY.