Terms & Conditions

THE LAND WILL BE OFFERED IN FIVE SEPARATE TRACTS AND WILL BE OFFERED AS BUYERS CHOICE. THE TRACTS WILL BE SOLD ON A DOLLAR PER ACRE BASIS. THE SELLER WILL HAVE THE RIGHT TO REFUSE ANY AND ALL BIDS. THE BUYER AND SELLER WILL ENTER INTO A WRITTEN CONTRACT AT THE CONCLUSION OF THE AUCTION. THE FARMS HAVE OPEN TENANCY FOR THE 2021 CROP YEAR. A 10% DOWNPAYMENT WILL BE DUE ON THE DAY OF THE AUCTION. BALANCE WILL BE DUE AT CLOSING ON OR BEFORE MARCH 26, 2021. THE SALE IS NOT CONTINGENT ON FINANCING. HAVE YOUR FINANCING IN ORDER BEFORE BIDDING. A CREDIT FOR THE 2020 TAXES DUE IN 2021 WILL BE GIVEN TO THE BUYER AT CLOSING. A TITLE POLICY WILL BE ISSUED TO THE BUYER FOR THE AMOUNT OF THE SALE. SELLER WILL ISSUE A PROPER DEED CONVEYING TITLE TO PROPERTY AT CLOSING. CLOSING WILL TAKE PLACE AT THE MASON CITY NATIONAL BANK. THE FARMS ARE CURRENTLY GETTING SURVEYED. ANNOUNCEMENTS DAY OF AUCTION TAKE PRECEDENCE OVER PRINTED MATERIAL. PROPERTY SELLING AS IS, NO WARRANTIES EXPRESSED OR IMPLIED. AUCTIONEERS/BROKERS ARE AGENTS OF THE SELLER. LINES DRAWN ON MAPS ARE APPROXIMATE.