Lucas County
80 Acres M/L
Wednesday, March 29, 2017
3:00 pm
Lucas Community Center
109 Front Street
Lucas, Iowa 50151

Sale Method:  The land will be offered in one tract.

Farm Program Information:  Farm Program Information is provided by the Lucas County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, crop acres, etc. are subject to change when the farm is reconstituted by the Lucas County FSA 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 Company’s Trust Account or named attorney’s trust account.

Closing:  Closing will occur on or about Friday, April 28, 2017. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession:  Full possession of the farm will be given at closing.  Winning bidder will be allowed to begin farming this land once all documents are signed, earnest money is collected and proof of insurance with this land named on policy is provided to seller.

Farm Leases:  Farm is open for crop year 2017.

Contract & Title:  Immediately upon conclusion of the auction, the high bidder(s) 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.

Bidder Registration:  All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

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 or guarantees, expressed or implied, made by the Auctioneer, Peoples Company, or the Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer or Listing Agent 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. Final sale is subject to court approval. Existing fences, if any, are in as-is condition and will not be updated or replaced by the sellers, nor will the sellers install any new fences to separate tracts. 

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 in the marketing material and will be subject to change.  Buyer(s) should perform their 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.

Seller:   The Estate of Rose M. Heston