Crouse Farmland Auction

Live Webcast Auction

Vander Werff & Associates

Auction to be held at the Paullina Legion Building

Paullina, IA 51046

Date(s) 8/1/2022 - 8/24/2022

Past Auction

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Catalog

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Bidding Notice:

This property is being sold "as-is" "where-is". Information contained within this advertising was received from sources deemed to be reliable, however no warranties are provided by the auction company regarding these. All prospective bidders are encouraged to take whatever steps necessary to satisfy themselves regarding the sizes, condition, real estate taxes and all other information provided ... Show More

Auction Information

Name	Crouse Farmland Auction
Auctioneer	Vander Werff & Associates
Type	Live Webcast Auction
Date(s)	8/1/2022 - 8/24/2022
Location	Auction to be held at the Paullina Legion Building Paullina, IA 51046
Buyer Premium	no buyers premium
Description	307 SURVEYED ACRES IN O'BRIEN CO, IA @ LIVE & ONLINE AUCTION Wednesday, August 24, 2022 @ 10:30 am NEAR PAULLINA, IA Tracts 1, 2, and 3: 186.94 surveyed acres in N ½ Section 10-94-41 AND Tract 4: 120.06 surveyed acres in SW ¼ 20-95-41, O'Brien County, Iowa *Auction to be held at the Paullina Legion Building * Howard and Carol Crouse Revocable Trust Tisha Halverson; Attorney ~ Klay, Veldhuizen, Bindner, De Jong & Halverson, P.L.C. Location: Tract 1-3: Located east of Paullina on the south side of Hwy 10 directly across from the Paullina Golf Course and Mill Creek Park. Tract 4: From Paullina, IA go 2 miles west on Hwy 10 and 3 miles north on Pierce Ave. Auction signs will be posted. Tract 1 General Description: Selling will be 46.81 surveyed acres of Union Twp, O'Brien Co farmland. The farm is level to gently sloped. The primary soil types on the tillable acres consist of the Colo, Galva, Spillco, Primghar and Marcus series. The farm has an estimated average CSR 1 of 65.4 and a CSR 2 of 77.4. The farm has approx. 34.53 cropland/ tillable acres with the remainder as Mill Creek and grassland. There is an access easement along its western border. ***Has potential for economic development along Hwy 10. Brief Legal Description: Parcel Q in N 1/2 of Section 10-94-41, Union Twp, O'Brien Co, IA. Property contains 46.81 surveyed acres. Tract 2 General Description: Selling will be 31.39 surveyed acres of Union Twp, O'Brien Co farmland. The farm is level to gently sloped. The primary soil types on the tillable acres consist of the Galva, Primghar, Marcus and Afton series. The farm has an estimated average CSR 1 of 68.5 and a CSR 2 of 89.3. The farm has approx. 28.18 cropland/ tillable acres with the remainder as grass waterway. Brief Legal Description: Parcel R in N 1/2 of Section 10-94-41, Union Twp, O'Brien Co, IA. Property contains 31.39 surveyed acres. Tract 3 General Description: Selling will be 108.74 surveyed acres of Union Twp, O'Brien Co farmland. The farm is level to gently sloped. The primary soil types on the tillable acres consist of the Colo, Galva, Estherville, Spillville, Afton and Primghar series. The farm has an estimated average CSR 1 of 63.6 and a CSR 2 of 76. The farm has approx. 97.53 cropland/ tillable acres with the remainder as Mill Creek, grassland and 2.73 acres of CRP land. Brief Legal Description: Parcel S in N 1/2 of Section 10-94-41, Union Twp, O'Brien Co, IA. Property contains 108.74 surveyed acres. CRP: There are currently 2.73 acres in the CRP program. Starting in 2023 the buyers will receive a payment of $680 per year with the contract expiring on 9-30-2028. Corn Yield/Corn Base: Tract 1-3: The corn PLC yield is 163 bushels and the soybean PLC yield is 44 bushels. Tracts 1 & 3: The corn base is 78.21 acres and soybean base is 57.33 acres. Tract 2: The corn base is 18.20 acres and soybean base is 9.98 acres. Tract 4 General Description: Selling will be 120.06 surveyed acres of Dale Twp, O'Brien Co farmland. The farm is level to gently sloped. The primary soil types on the tillable acres consist of the Galva, Primghar, Bolan, Ocheyedan, and Colo series. The farm has an estimated average CSR 1 of 68.2 and a CSR 2 of 89.2. According to the FSA office the farm has approx. 113.48 cropland/ tillable acres with the remainder as road, ditch, creek, and 28.34 acres of CRP land. Brief Legal Description: The SW 1/4 excluding the NW 1/4 SW 1/4 thereof in Section 20-95-41, Dale Twp, O'Brien Co, IA. Property contains 120.06 surveyed acres. Corn Yield/Corn Base: Tract 4: The corn PLC yield is 163 bushels and the soybean PLC yield is 44 bushels. The corn base is 67.20 acres and soybean base is 12.04 acres. CRP: There are currently 28.34 acres in the CRP program. There are multiple CRP contracts. Starting in 2023 the buyers will receive a payment of $6,802 per year with the contracts expiring on 9-30-2025 and the remaining contracts will receive a payment of $4,074 per year expiring on 9-30-2030. Farm Real Estate Taxes: Sellers will pay all real estate taxes which would become delinquent if not paid by October 1, 2023, as well as all prior taxes. The estimated net annual real estate taxes on tracts 1-3 are $4,202 and tract 4 are $2,972. Method of Sale: Tracts 1- 3 will be offered as choice of tracts 1, 2 or 3 with the highest bidder having the option to take one tract, two tracts or all three tracts sold as bid price per acre times surveyed acres. Then the auction will be concluded or we will sell the remaining tract/s. After tracts 1-3 are sold; Tract 4 will be offered and will be sold as one tract, bid price per acre times surveyed acres. Terms: 10% down upon conclusion of the auction. A late charge will apply for buyers delaying the closing. The abstracts will be continued to date. The buyers will have 10 days from receipt of abstract to have the abstract examined. The sellers guarantee a clear and marketable title on the property. The owners reserve the right to reject any and all bids. Online bidders must agree to these terms and conditions as well as online conditions prior to registering and must be verified 24 hours prior to start of auction. Exact legal descriptions will be according to the survey. Possession/Closing: October 12, 2022 (Subject to current lease which will expire March 1, 2023) Company Note: We are pleased to be working on behalf of The Howard and Carol Crouse Trust with these O'Brien County tracts of farmland. These tracts will be offered via live and online simultaneous bidding offered as choice of tracts 1-3 and tract 4. Check out our website at www.vw72.com for additional information. We thank you for your interest. If you have any questions please give us a call. Rich, Todd, Levi, and Shannon Note: These farms are being sold "as is." While every effort has been made to ensure the accuracy of the information herein provided, no warranty is given and no responsibility is assumed by the auction company, the auctioneers, the seller or their agents concerning condition of the property, the corn bases, corn yields or other supplied information. Property is being sold subject to any easements, including road, drainage, utility or other easements of record. All prospective purchasers are encouraged to inspect and verify information provided herein. Vander Werff & Associates Inc., represent the sellers for this transaction. Not responsible for accidents. Any announcements made the day of the auction will supersede this advertisement. View our website for more info or to register to bid www.vw72.com Vander Werff & Associates Sanborn, IA 51248 712-729-3264 Rich Vander Werff 712-261-0298 Todd Hattermann 712-348-0111 Levi Mouw 712-441-6898 Shannon Rydberg 850-712-7041

Terms and Conditions

Terms and Conditions Auction Terms & Conditions All registered bidders must provide a letter of credit from a banking institution 24 hours prior to the start of the auction. Vander Werff & Associates and its Employees act merely as agents for sellers. All final bids are subject to the seller's approval. While the information we offer on item(s) is deemed accurate, no warranties are expressed or implied. Information on items is attained by us from the sellers and you agree to hold Vander Werff & Associates and their Employees harmless for any errors or oversights regarding the item(s) being sold. This information comprises but is not limited to year, model, hours, condition, options, structures, unintentional errors in cataloging, authenticity or imperfections not precisely noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own examination or by a third party, during Open Houses/Inspection periods. The winning bidder will be notified via email from the Auction Company. Printed or verbal statements made by the auction company are matters of belief and are made in good faith. ALL ITEMS ARE SOLD AS-IS WHERE-IS. Online auctions have a scheduled open and close date and time. Upon your accepted bid of an article, that article shall instantly become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Vander Werff & Associates, its employees, and their sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any theft or damages. Buyers are accountable for any costs incurred to prepare their item(s) for transport. This includes but is not necessarily limited to the cost of any load out, disassembly, or transport and any/all other costs related to physical transfer of their item(s). Buyers are required to pick up sold items on scheduled pickup dates selected by the Auction Company. If payment is not made by scheduled pickup day, all purchases due will be charged to your credit card and subject up to a 3.45% fee. You further understand and agree that failure to remove items in the stated time could result in storage, removal fees and/or forfeited to the Auction Company. By using our online auction service you are entering into a legally binding contract to purchase said item(s). Bids may not be cancelled or withdrawn for any reason. You acknowledge that the internet may be an undependable and an error prone network. Vander Werff & Associates will not guarantee that bids placed online will be conveyed to or received by the auctioneer in an appropriate time frame. You agree to hold Vander Werff & Associates and their employees harmless for any disruptions in bidding and/or auction software. The auction company shall not be held responsible for any missed bids. Further, the auctioneer has the right to accept or refuse any bid(s) at their discretion. Vander Werff & Associates retains the right to add, delete or change some or all of our online services as well as the terms and conditions without notice. Please check back and review auction terms frequently. Bidder responsibilities are but not limited to the following: All bidders must provide their name, email address, phone number, address at which they can be contacted for communication between Vander Werff & Associates throughout any transaction or auction. Bidders will be accountable and must obey any and all local, state and federal laws any/all violations will result in conclusion of bidding and website use privileges with this auction company. All bidders must be liable to provide appropriate forms of payment for items bought. Bidders recognize that this auction has live and online bidding simulataneously. The final bidding will close and remain closed as the auctioneer sells the item. A bidder can place a maximum bid on one or more lots. The current bid price does not automatically go to the max bid. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified until reaching your max bid. When paying within the stated time our acceptable payment methods are cash, check, bank wire or credit card. If a credit card is used, your account will be charged up to a 3.45% convenience fee. If paying by bank wire there will be a $10 incoming wire fee. No items will be released until paid in full. All sales are final.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 9,999,999.99	500.00 USD

Payment Information

Currency	USD
Buyer Premium	no buyers premium
Payment Terms	Cash Check Bank Wire Credit Card In the event you are the high bidder, you will be contacted by Vander Werff & Associates, inc via email. Payment is due upon completion of auction.

Shipping / Pick Up

Terms: 10% down on the day of the auction. The balance will be due on October 12, 2022.

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.