Sale Method: To be
offeredin 2 parcels to be sold on a
price per acre basis selling net tax acres.All bids are open for advancement until the Auctioneer announces that
the real estate is sold or that the bidding is closed. Bidding increments are
solely at the discretion of the Auctioneer. All decisions of the Auctioneer are
final. Seller reserves the right to accept or reject any or all bids.
Tax Acres: 120.24 net
tax acres per Clinton County Assessor. 113.13 net tax acres per Jackson County
Earnest Payment: A
10% Non-refundable earnest money payment is required on the day of the
auction. The earnest payment may be paid by personal check. All funds will be
held in the trust account of East Iowa Real Estate.
Minerals: All mineral
interest owned by the Seller, if any, will be conveyed to the Buyer.
Sellers to pay real estate taxes pro-rated to closing date which is on or
Conditions: This sale
is subject to all easements, covenants, restrictions of record, and tenant’s
rights. Current tenant has been terminated and land is open for the 2020
season. Each Bidder is responsible for conducting, at their own risk, their own
inspections, inquiries, and due diligence concerning the property. The
properties and their fences are sold on an “AS IS- WHERE IS” basis with no
warranties or guarantees; either expressed or implied by the Seller, East Iowa
Real Estate or the Auctioneer. Some of the boundaries on the farms are not
Contract and Title:
Immediately upon conclusion of the auction the highest bidder(s) will enter
into a real estate purchase agreement and deposit with East Iowa Real Estate
the required earnest payment. Sale is not contingent upon Buyer financing.
Final sale is subject to the approval of the Seller. The Seller will provide
clear title and a current abstract at Seller expense.
Closing and Possession:
Closing on or before December 31st, 2019, or as agreed between seller and
buyer. The balance of the purchase price will be payable at closing by
certified check, bank certified check, or by wire transfer. Possession at legal
closing is subject to existing lease which expires 3/1/2020.
Sellers: Jack P.
Beck,Steven D. Beck, Melissa L. Beck,
Richard P. Beck.
Property information provided herein was obtained from sources deemed reliable,
but East Iowa Real Estate, the Auctioneer or Sellers makes no guarantees as to
its accuracy. All prospective bidders are urged to fully inspect the property,
its condition and to rely on their own conclusions. All sketches, dimensions,
and acreage figures in this information are approximate or “more or less”. Any
announcements made auction day by East Iowa Real Estate, the Auctioneer, or the
sellers will take precedence over any previous material or oral statements. No
absentee or telephone bids will be accepted at the auction without prior
approval ofEast Iowa Real Estate or the
Agency: East Iowa
Real Estate and their representatives are agents of the Sellers.