Terms of the sale are: A non-refundable deposit is due on the day of auction when the successful bidder will execute a standard real estate contract. Deposits will be 10% of sale price. Tract #1 will be sold on its own, as one "auction". Tracts #2 and #3 will be auctioned off one at a time and the high bids will be "held". The total sales prices of Tract #2 and Tract #3 will be added up and an $7,200 "combination privelage" will be added to that amount as a starting bid price for Tract #4. If no starting bid is placed on Tract #4, the "held" bids on the individual tracts will be considered the winning bids. Buyers shall provide a bank letter of credit in the amount of the deposit or through prior arrangements suitable to sellers and auctioneer. The remainder of the purchase price is due at closing in about 45 days from sale day. Sellers will pay transfer tax and provide a clear marketable title at closing. Real Estate taxes will be prorated to date of closing. The property is being sold "As is where is". Closing handled by Fred Greder of Benchmark Agribusiness, Mason City. Buyer is responsible to perform their own due diligence in regard to the value, condition, and fitness of the property. Sellers have the right to reject any or all bids. Statements the day of the auction will take precedence over all prior communications, written or oral. The information gathered for brochures and website is from sources deemed reliable but cannot be guaranteed by Auctioneer or Seller. All acres are considered more or less. Online Bidding This is a Live Auction with Internet, Webcast bidding. Pre-bidding can be placed NOW. The catalog will go Live at 10:30 am Tuesday, November 23rd. Bidders can follow and bid live at the same time as bids are placed at the live auction. By participating in this auction, you acknowledge that there are inherant potential technical difficulties that may arise during the course of the live auction process. Bidders will hold the auction company, sellers and their associates harmless if bids are not accepted due to technical difficulties, poor internet or any ohter reasons that are out of the auction company's control.

Floyd County Farmland & Building Site Auction for the Norma Jean Kamm Estate