We are aware several storms have impacted Lee County, IA and surrounding areas late last week. We have received numerous calls asking if the auction will be conducted as scheduled. At this time, this auction will proceed as scheduled!

Tract 1 sustained damage to several structures including a building, grain bins and other outbuildings. The home on the parcel sustained some minor damage including some soffit and a down spout, these items should be fixed prior to closing. We urge potential bidders and all interested parties to please do your due diligence on this tract and feel free to make an onsite visit at your convenience prior to Mondays auction. As other developments arise, we will either add them to the website or make announcements at the beginning of the VIRTUAL ONLINE LAND AUCTION.

Please check back often for any further updates.

PLEASE NOTE:

Tracts 2 & 3 are being sold subject to a pipeline easement which Seller has already granted to Navigator Heartland Greenway, LLC (Navigator). Navigator has certain rights pursuant to (1) a Pipeline Right-of-Way and Easement Agreement and (2) a Right of Entry, Easement, and Option Agreement, collectively referred to as the Easement Agreements, which have already been executed by Sellers and Navigator. A Memorandum of Agreement concerning the Easement Agreements was recorded in Lee County on June 30, 2023 at Book 2023, Page 2371. Sellers hereby retain the right to receive any future Easement Consideration payments to be paid by Navigator pursuant to the Easement Agreements, and Sellers shall assign to Buyers the right to receive future Crop Damage and Miscellaneous Damage payments to be paid by Navigator pursuant to the Easement Agreements. Both future payments mentioned above will only be paid if Navigator exercises its Option pursuant to the Easement Agreements.

Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 45 days, on or before Thursday, August 24, 2023 upon delivery of a merchantable abstract and deed. 

At the conclusion of the auction, the successful bidder(s) shall enter into a written agreement with the seller. Signing of said agreement will be executed via email or DocuSign. The real estate taxes will be prorated to the date of closing. Full possession will be given at the time of closing on all tracts. Tract 1 is serviced by a private septic system and is subject to the Iowa Septic System Law, this property is in a trust, therefore it is exempt from any testing or upgrades, any future testing or upgrades will be at the buyers expense. For questions or complete details contact the auction company.

The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its AS IS condition and there are no expressed or implied warranties pertaining to the real estate. All announcements sale day shall take precedence over any prior advertising either written or oral.