PLEASE READ CAREFULLY ALL TERMS & CONDITIONS BEFORE YOU ATTEMPT TO BID: General Information: Kramer Auction Service & Brooks Realty have been contracted to sell this property at public auction. Any information on this auction is subject to verification and neither Kramer Auction nor Brooks Realty assumes any liability for errors or omissions. All information has been gained from sources considered to be reliable: however, bidders are and have been invited to inspect the property and make their own investigations. All sales made will be presumed to be made upon the individual judgments of the purchaser. All announcements made prior to close of online bidding take priority over any advertised material. By bidding on this property you are accepting all terms & conditions hereby set forth. TERMS OF THE SALE: 1. The Successful high bidder on this property/ properties will be required to sign a Iowa RE offer to purchase upon conclusion of the real estate bidding and tender the required non-refundable earnest money deposit of $100,000 on the 460 m/l acre home farm parcel & $25,000 on the 40 m/l acre parcel; with the balance to be paid at the time of closing on or before Oct. 30th 2020. Earnest money will be held by Brooks Realty trust fund. 2. The total offer to purchase amount shall be the auction hammer price plus the 5% buyer’s fee, added together. 3. Sellers will convey title to the premises by Deed & Abstract. Buyers are responsible for having their own title opinion. Qualifying for financing is not a contingency of this sale. You are responsible for the cash at closing. 4. Property is selling in its “as is” condition at public auction without any representations or warranties as to the structural or mechanical defects, total acreage and or boundaries & fences. Acreage is not guaranteed, all advertised acres have been gather from current tax & NRCS info available. 5. Property Taxes will be pro-rated 1 day prior to closing on. Farm rent of $500 per month for farm buildings & cattle sheds & cattle lot space will be due to new buyers after the Nov 1st closing date until March 1st. (Four Months Rent) New buyers will not receive any rent proration for tillable acres. 6. The contending bidders offer will also be written up & presented to buyers. If buyers wish this may be accepted as a bona fide secondary offer & ready to move in the primary position if for any reason buyers are unable to proceed to closing in the time frame agreed upon in OTP. 7. Seller Reserve the right to accept or reject any or all bids. Closing Dates & Timelines for Possession 1.) Upon closing the new buyers will have full access to the house & all property for hunting or recreational uses. 2.) The tillable farm ground & farm buildings & livestock areas are rented until March 1st 2021. A personal property list of farm gates owned by renters will be provided in documents prior to the close of the auction. Tillable Ag info gathered from NRCS 296.68 M/L Tillable acres, with the majority of those acres having well drained Fayette Silt Loam soil types. Tillable acreage lays well and includes some terraced ground & the building sites. Actual tillable acreage per current renters may be approx. 25 acres less due to current fences, terraces & buildings. The county average price for CRP payments is currently $172/acre. Wooded/Hunting information Approx. 200 m/l acres of wooded ground & pasture. Hardwood forest consisting of mixed hardwoods with a good percentage of Oak & Walnut. This ground has been selectively cut in the past & does have marketable timber. Allamakee County consistently ranks as one of the top 3 counties in the state of Iowa for deer numbers & trophy Whitetail taken. This farm rests in a trophy whitetail area along the Mississippi river bluffs with large landowner’s bordering both sides. This farm has not been actively managed for whitetail & still consistently produces big deer. Including some scoring over 200`` on adjoining properties. Mississippi Riverview Land This Farm sits along the Western Bluffs of the Mississippi River. Two different locations have big unobstructed views of the Mississippi River & the Wisconsin River Bluffs. The location on the Eastern side of the farm previously had a beautiful family cabin accessed by a good ridge top road. This spot also boasts a view of the Capoli Bluff, a unique preserved area along the river. The Western side of the farm also has a large panoramic view of the river & Western bluffs which is easy to access on field’s roads off of Lafayette Ridge. Home & Farm Buildings Home is a 3 Bedroom ranch with updates approx. 10 years ago including new family room & hunters mudroom addition. Kitchen was updated w/ granite counter tops & Hickory cabinets. Newer outbuilding include a 40`x 64` Commodities shed (2013); High Tension hoop building 30`x 130` (2016) & various other barns & cattle sheds in various state of condition most from the 1970’s. Current taxes as a whole on the farm are $8,087. Fences: Please view attached map. Property lines on that map drawn in black are sections which are owned & maintained & will continue to be by the neighboring property owners. Sections on the map drawn in red are owned & maintained by the sellers; the new buyer will be responsible for the upkeep & maintenance of these sections. The Western line fence on the back 62 acres is not on the correct property line. It has been in this location for 20+ years on a handshake agreement to make access for fencing & cattle easier for both side. All buyers will acknowledge they are aware that they are not buying the ground to the existing fence on the western side of the back 62 acres which runs North & South. Interior Fencing: The interior fencing on the property has recently been replaced for a grazing paddock system with assistance of the USDA & NRCS office. This is a 20 yr. agreement. If a new owner would choose to remove all or parts of this paddock system they will be responsible for paying back cost share of the fencing & installment. (See attached info from NRCS)