For Sale by Bid Terms

Minerals: All mineral interests owned by the Seller, if

any, will be conveyed to the Buyer(s).

Taxes: Real estate taxes will be prorated to closing.

Conditions: This sale is subject to all easements,

covenants, restrictions of record, and leases. Each

Bidder is responsible for conducting, at their own risk,

their own inspections, inquiries, and due diligence

concerning the property. All property including the

farmstead is sold on an “AS IS-WHERE IS” basis

with no warranties or guarantees, either expressed or

implied, by the Seller or Auction Company.

Possession: Possession will be granted at closing

April 12, 2021, or such other date agreed to by the

parties.

Earnest Payment: A 10% earnest money payment

is required on the day of the auction. The payment

may be in the form of cash, cashier’s check, personal

check, or company check. All funds will be deposited

and held by Sullivan & Ward in their trust account.

Contract and Title: Immediately upon conclusion

of the auction, the high bidder(s) will enter into a real

estate contract and deposit with FSullivan & Ward

the required earnest payment. The Seller will provide

a current abstract of title at their expense. The cost

of any escrow closing services will be paid equally

by both. Sale is not contingent upon Buyer(s)

financing.

Closing: The sale closing will be April 12, 2021, or

such other date agreed to by the parties. The balance

of the purchase price will be payable at closing in

cash, guaranteed funds, or by wire transfer at the

discretion of Sullivan & Ward.

Approval of Bids: Final sale is subject to the

Seller’s approval or rejection.

Agency: Farmers National Company and its

representatives are acting as Agents of the Seller.

For Sale by Bids: Written bids will be received at the

office of Farmers National Company/Scott Louscher

PO Box 631, Paullina, IA 51046, or submitted via

fax to (712)448-3636, or via email to SLouscher@

FarmersNational.com, or online no later than 5:00

PM on Friday, March 26, 2021. Seller reserves the

right to reject any and all bids and to modify bidding

requirements at their discretion.

Announcements: Information provided herein

was obtained from sources deemed reliable, but

neither the Auction Company nor the Seller makes

any guarantees or warranties as to its accuracy. All

potential bidders are urged to inspect the property,

its condition, and to rely on their own conclusions.

All sketches, dimensions, and acreage figures are

approximate or “more or less”. Any announcements

made auction day by the Auction Company will take

precedence over any previous printed materials or oral

statements. The Auction Company and Seller reserve

the right to preclude any person from bidding if there is

any question as to the person’s credentials or fitness

to bid.

Seller(s): Mark B Zellmer, Curtis L Zellmer, and Donna

M Fiscuss

Additional Notes:

• Machinery located on Section 17/18 farmstead IS

NOT included in this offering, and will be removed by

May 31, 2021.

• Purchaser will reimburse Seller $5,550 for fall seeded

rye cover crop

• Manure piles located on the farm ARE NOT included

in this offering, and will either be removed by April

30, 2021 or Purchaser may contact Whiskey Creek

Partnership for purchase

Online Bidding Procedure:

The online portion of this auction begins on

Monday, February 15, 2021, at 8:00 AM.

Bidding closes on Friday, March 26, 2021, at 5:00 PM

To register and bid on this auction go to:

www.FNCBid.com

All bids on the tract will be visible on-line, but the identity

of bidders is confidential. See auction terms and

conditions for minimum bid requirements and details.

Server and Software Technical Issues: In the event

there are technical difficulties related to the server,

software, or any other online auction-related technologies,

Farmers National Company reserves the right to

extend bidding, continue the bidding, or close the bidding.

Neither the company providing the software nor

Farmers National Company shall be held responsible

for a missed bid or the failure of the software to function

properly for any reason.