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Method and Terms Lot #0 (Sale Order 1 of 16) The Genosource Farm will be sold in fifteen (15) individual tracts based on a survey that has recently been completed, with the said surveyed acres used to constitute the final settlement price. Tract 1 will be sold first on a price per acre basis. Tracts 2 - 11 will be sold next on a price per acre basis through the marketing method of "buyers choice" whereas the high bidder can take any or all tracts for their high bid. Buyers choice auctioning will continue until all tracts are sold. Tracts 12 - 15 will be sold next individually for a Lump Sum Total Dollar Amount. The farm will NOT be offered in its entirety or in any combinations. Bidding is NOT contingent upon financing. Ten (10%) percent of the bid price to be due on the day of sale with the balance due in approximately 60 days, on or before Monday, February 1, 2021 upon delivery of a merchantable abstract and deed. Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession on all tracts will be given at the time of closing. All tracts sell with full farming rights for 2021. All announcements sale day shall take precedence over any prior advertising either written or oral. 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. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is". Genosource, LLC - Seller |
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Tract 1 - 158.06 Surveyed Acres+/- Lot #1 (Sale Order 2 of 16)
The purchase agreement will be adjusted to a quantity of 158.06 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$7,050.00 x 158 = $1,113,900.00 Total
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Tract 2 - 150.90 Surveyed Acres+/- Lot #2 (Sale Order 3 of 16)
The purchase agreement will be adjusted to a quantity of 150.90 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$3,400.00 x 151 = $513,400.00 Total
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Tract 3 - 413.41 Surveyed Acres+/- Lot #3 (Sale Order 4 of 16)
The purchase agreement will be adjusted to a quantity of 413.41 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
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Tract 4 - 313.23 Surveyed Acres+/- Lot #4 (Sale Order 5 of 16)
The purchase agreement will be adjusted to a quantity of 313.23 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
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Tract 5 - 151.05 Surveyed Acres+/- Lot #5 (Sale Order 6 of 16)
The purchase agreement will be adjusted to a quantity of 151.05 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
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Tract 6 - 318.83 Surveyed Acres+/- Lot #6 (Sale Order 7 of 16)
The purchase agreement will be adjusted to a quantity of 318.83 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
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Tract 7 - 242.84 Surveyed Acres+/- Lot #7 (Sale Order 8 of 16)
The purchase agreement will be adjusted to a quantity of 242.84 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
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Tract 8 - 146.99 Surveyed Acres+/- Lot #8 (Sale Order 9 of 16)
The purchase agreement will be adjusted to a quantity of 146.99 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
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Tract 9 - 40.04 Surveyed Acres+/- Lot #9 (Sale Order 10 of 16)
The purchase agreement will be adjusted to a quantity of 40.04 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
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Tract 10 - 91.57 Surveyed Acres+/- Lot #10 (Sale Order 11 of 16)
The purchase agreement will be adjusted to a quantity of 91.57 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
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Tract 11 - 79.13 Surveyed Acres+/- Lot #11 (Sale Order 12 of 16)
The purchase agreement will be adjusted to a quantity of 79.13 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
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Tract 12 - 2.14 Surveyed Acres+/- & Country Home Lot #12 (Sale Order 13 of 16) Physical Address: 28971 Yates Ave. Fremont, IA 52561
This tract will be sold for a lump sum, total dollar amount. |
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Tract 13 - 2.19 Surveyed Acres+/- & Country Home Lot #13 (Sale Order 14 of 16) Physical Address: 29063 Yates Ave. Fremont, IA 52561
This tract will be sold for a lump sum, total dollar amount. |
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Tract 14 - 3.73 Surveyed Acres+/- & Country Home Lot #14 (Sale Order 15 of 16) Physical Address: 29095 110th Ave. Fremont, IA. 52561
This tract will be sold for a lump sum, total dollar amount. |
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Tract 15 - 5.03 Surveyed Acres+/- & Country Home Lot #15 (Sale Order 16 of 16) Physical Address: 29673 110th Ave. Fremont, IA 52561
This tract will be sold for a lump sum, total dollar amount. |
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