Tract 7

PLEASE READ THESE TERMS CAREFULLY, AS THEY ARE A LEGALLY BINDING CONTRACT BETWEEN ALL BIDDERS WITH IOWA AUCTION GROUP. Iowa Auction group (IAG) have put forth every effort in preparing the catalog(s) to accurately describe each item. Printed or verbal statements made by staff are matters of opinion, and are made in good faith. All items are sold As Is, Where Is, and No Returns allowed. Buyers are responsible for conducting their own inspection during open house/inspection periods, and no allowance will be made for inadvertent errors in cataloging, authenticity, or imperfections not specifically noted. All sales are final ~ a bid is a legally binding contract between purchaser and IAG. The auction companies reserves the right to reject any and all bids for any reason. IAG will not be held responsible in the event of any type of internet/computer malfunction while an auction is in progress. A 10% non-refundable down payment is required on the day of sale with the remaining balance due on or before November 1, 2021 at which time possession will be granted, subject to removal of 2021 crops. Tillage will be allowed upon removal of 2021 crops. This farm is offered as a cash transaction, and NOT subject to any financing contingencies. Title insurance cost will be split 50/50 between the Seller and Buyer. Each farm will be sold "as is" and buyer will be required to execute a written agreement specifying these terms the day of the auction. A late charge will be applied if buyer delays the closing. This sale is subject to the seller's confirmation. Payment must be made with Cash, Valid check, VISA or Mastercard, Cashier's check, Money order, or Wired funds. A 3.5% facilitation fee will be assessed to credit card purchases. Checkbacks on credit cards are not allowed. SHIPPING: Not applicable All bidders must provide their name, address, daytime phone number, and email address at which they can be contacted, to insure adequate communication between IAG, and their purchasers throughout any transaction. General Information: The auctioneer has the sole discretion to advance and/or reject any bids, should it in his estimation prove injurious to the auction. The auctioneer shall be the final judge in any bidding disputes, and has final authority to name a bidder as the final purchaser. The auctioneer or auction company shall not be held responsible for any 'missed' or unseen bids on live auction. IAG reserve the right to alter this agreement at any time. This will take place by updating this site. Please check back and review auction terms often, as every time you use this site you are agreeing to the terms as they are written at that time. IAG reserve the right to refuse service to any person, or to cancel any auction at any time for any reason. The purchaser agrees to pay all reasonable attorney fees and costs incurred by IAG in the collection of funds owed. The purchaser also agrees that a fee of 2% per month be added to any unpaid balance due the auction company, as well as any other costs or losses incurred due to the purchasers failure to adhere to these terms. Any debt collection or dispute proceedings will be settled by arbitration in Sioux County, Iowa. BIDDER RESPONSIBILITIES INCLUDE, BUT ARE NOT LIMITED, TO: 1. Bidders agree to keep their username and password confidential as they are responsible for ANY and ALL activity involving their account. 2. When using the web site, bidders must obey any and all local state and federal laws. Violations will result in termination of web site use privileges. 3. Auction company employees and/or auction company may bid on auction items. 4. Item descriptions and photographs are not to be used in lieu of personal inspection of any item. ALL SALES ARE FINAL. 5. Please bring loading assistants with you. Some items may require disassembly. Please bring adequate tools and equipment with you.