Offered at Public Auction 12/4/2019
10:00 a.m, AmericInn Motel, 1910 Nairn Dr., Maquoketa, IA
Closing on or before 12/31/2019
120.24 Net Tax Acres
Section 16, Bloomfield Township, Clinton County, IA
110.62 Cropland, 90.1 CSR2
AUCTION BY POWERS AUCTION SERVICE
Dan Powers, Sr. 608-214-3765
Sale Method: To be offered in 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 Assessor.
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.
Property Taxes: Sellers to pay real estate taxes pro-rated to closing date which is on or before 12/31/2019.
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 fenced.
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.
Announcements: 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 of East Iowa Real Estate or the Auctioneer.