PROCEDURE: The property will be offered in 1 tract of 247 acres. All bids will be dollars per acre.  Your bid will be multiplied X 247 to determine the gross sales price.
DOWN PAYMENT: 10% down payment will be due on the day of auction. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, all bids shall be made in cash.  Be sure you have arranged financing, if needed, or are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide Warranty Deed(s). Real estate sold subject to all rights of way, legal highways, leases and easements of public road.
CLOSING: The balance of the purchase price is due at closing, which will take place by April 13, 2010, or as soon thereafter as Sellers closing documents are available. Costs for an administered closing shall be shared equally between Buyer(s) and Seller. All lender costs shall be paid by the Buyer(s).
POSSESSION: Possession of the farmland will be given at closing.  There is no tenant for 2010.  The 2009 tenant is willing to continue the past agreement he had with the seller to rent the farmland for $7500 paid in two payments of $3750 each.
REAL ESTATE TAXES: Taxes will be prorated to the date of closing.
DRAINAGE ASSESSMENTS: Buyer shall pay all drainage assessments and/or taxes due after closing.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide the existing legal description, available for inspection to buyers prior to the auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay halves of the cost of the survey.
PROPERTY INSPECTION: Each potential Bidder is responsible to conduct, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Please feel free to inspect the land at any other time at your own risk.
EASEMENTS: Subject to any and all existing easements.
AGENCY: Trophy Properties Real Estate, LLC. is a real estate brokerage and its representatives are exclusive agents of the Seller.  Jason Smith and Jeff Propst are licensed real estate salespersons in Iowa. 

From Knoxville go south on State Highway 5 to County Hwy S65.  Go south on Hwy S65 and pass the intersection of Oregon Street.  Continue South to the property which will be on the east side of S65.  Watch for signs at the entrance to the property.  The auction will be held at this location.  View photos for an aerial view of the location of the farm in relation to Knoxville.

• Latitude 41°16'19.99"N
• Longitude 93° 3'50.72"W