Upcoming Live Public Auction Of

Excellent Lincoln TWP, Sioux County, IA Farmland

This Farmland Auction Will Consist Of 55+/- Acres

Of Lincoln TWP, Sioux County, IA Farmland!

This Is An Inside Tract Of High Quality Farmland!

This Farm Has A CSR2 Rating Of 91.9!

Location:  From the intersection of US HWY 75 and US HWY 18 West of Hull, IA  (Perkins Corner) go South on US HWY 75 for 1 mile to 330th St. then go 1 3/4 Mile West on 330th St. to the farm. Farm is located North of 330th St.

Signs will be posted! Auction Will Be Held At The Site Of The Farmland.

November 18, 2022 @ 10:30 A.M.

Auctioneers’ Note: We are honored to represent the Schreur family in offering this property for sale at public auction! This is an inside tract of farmland which is nearly 100% tillable! If you are looking to purchase a quality tract of Sioux County, IA farmland be sure to take a look at this farm! Call an auctioneer today to receive a full informational packet!

zomercompany.com

Abbreviated Legal Description: The East 57.5 acres of the West 1/2 and the West 3/4 of the East 1/2 of the Fractional Southwest 1/4 in Section 31, TWP 97N, Range 45W, Sioux County, IA EXCEPTING Summit Carbon Solutions Tract therein in the SE corner of said tract. Subject to all easements and public roads of record and subject to pipeline & construction easement with Summit Carbon Solutions. TO BE SURVEYED.

General Description: According to the Sioux County assessor, this property contains 55+/- gross acres. According to FSA/Agri Data, this farm contains approx. 55+/- tillable acres with the balance in road/ditch. This farm is an inside tract of farmland! This farm has a corn base of 31.69 acres with a PLC yield of 158bu. and a soybean base of 24.41 acres with a PLC yield of 47bu. This farm is classified as NHEL. The predominant soil types include: 310, B, B2-Galva, 91, B-Primghar, 31-Afton, 92-Marcus. The average CSR1 is 68.1. The average CSR2 is 91.9. The owners of this farm have entered into an agreement with Summit Carbon Solutions to grant a pipeline easement/construction easement across this property and to also sell Summit Carbon Solutions an approx. 3+/- acre tract to be surveyed in the SE corner of this property for a Pump Station. This 3+/- acre parcel will be surveyed as a separate parcel and is not included in the acres being sold. The buyer of this property will be required to honor this agreement and the buyer of the property will receive the crop damage payment which has been paid by Summit Carbon Solutions to the sellers for crop damage. This property will be surveyed and the final purchase price at closing will be based on the final gross surveyed acres. Buyer shall be responsible for any driveway work which is needed. This is a fantastic inside tract of farmland!  If you are looking to purchase a powerful tract of Sioux County, IA farmland then your search is over! This farm is one you can be proud to own! Farmers & Investors do not miss this opportunity!

Method of sale: Auction will be held at the site of the farmland.  Farmland will be sold with the final bid price x the final gross surveyed acres. This farm will be surveyed and sold based on surveyed acres.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $1,712.00 per year. Seller will pay the 2022 taxes which are due and payable in March and Sept of 2023.

Possession: Full possession will be on March 1, 2023. This land is available to farm for the 2023 crop year.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day which will be on or before December 20, 2022. Buyer shall receive a clear and merchantable title to the property on closing day. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. All buyers are encouraged to do buyer’s due diligence. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statues. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. De Koster & De Koster PLLC—Attorney for sellers.

CLICK HERE FOR AN INFORMATIONAL BROCHURE ON THIS PROPERTY.

Schreur Family Heirs—Owners

Auction Company:

Zomer Company — 1414 Main St., Rock Valley, IA 51247 — www.zomercompany.com — 712-476-9443

Mark Zomer-712-470-2526—Darrell Vande Vegte-712-470-1125— Gary Van Den Berg-712-470-2068

Blake Zomer-712-460-2552—Joel Westra—605-310-6941—Ivan Huenink-712-470-2003—Gerad Gradert-712-539-8794

Bryce Zomer-712-451-9444 — Ryan Zomer –712-441-3970

Zomer Auctions welcomes you to our current and future auctions.
Please carefully read the terms listed below. Thank You!

Zomer Auctions, its Employees and representatives (hereinafter “Company”) act merely as agents for Seller(s). All final bids are subject to the Seller's confirmation. The top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied and you agree to purchase and accept the property in an as-is condition. Information on the property is obtained by us from the Seller(s) and other sources and you hereby agree to hold harmless Company for any errors or omissions regarding the property being sold. This information includes but is not limited to physical condition, features, inadvertent errors in cataloging, authenticity or imperfections not specifically noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own inspection during Open Houses/Inspection periods or by appointment. Printed or verbal statements made by Company are matters of opinion and are made in good faith. Any announcements posted the day of the auction or announced at the live auction take precedence over all prior advertisements.
 
You acknowledge that you have the right and responsibility to inspect the property personally, or to have a third-party representative inspect the property for you. That by bidding on the property you have agreed to accept that property in its present condition with the description provided whether accurate or not.

Auction Close: Upon the completion of an auction and notification from the auction company to the buyer of the acceptance of the buyers bid by the seller. The buyer does hereby agree to immediately enter into a purchase agreement with the terms stated and shall immediately provide the earnest money deposit due.

These terms and conditions and any dispute arising out of or related to an auction shall be governed by and construed and enforced in accordance with the laws of the State of Iowa. Any legal action must be brought in Sioux County, Iowa, or another jurisdiction of Company’s choosing. Buyer agreed to abide by the laws of the State of Iowa.

When using our online auction services you are making firm commitments to purchase said property and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.  Fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. Buyers also acknowledge that the Internet may be an unreliable and error prone network. Company does not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion or that current bid shown is accurate. Buyers agree to hold Company harmless for any interruptions of online bidding. Further, Company has the sole discretion to accept or refuse any bid. Company retains the right, at Company’s sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please review auction terms often.

Bidder/Buyer responsibilities include but are not limited to the following:

All Buyers must provide their name, email address, daytime phone number and physical address at which they can be contacted for timely and accurate communication between Company and Buyer throughout any transaction or auction. Failure to maintain accurate and current contact information on Buyers account may lead to suspension of their account access until current contact information is provided to Company. All Buyers must provide valid credit card information, wire information or proof of funds if requested.

Buyers shall obey any and all local, state and federal laws and any and all violations of the same will result in termination of bidding and website use privileges with Company.

The final bidding will close and remain closed and no adjustments shall be made after closing.

Bidders acknowledge that online only auctions have an auto extend feature that means the auction will not close until all bidding parties are represented and satisfied. A bidder can place a max bid on one or more lots. The current bid price does not automatically go to the max bid unless the bidder selects to raise the bid to that price immediately by selecting the raise bid option. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified reaching your max bid only by ongoing bidding activity.

Company reserves the right to reject any and all bids for any reason. Company shall not be held responsible for any missed bids. All auctions are subject to the sellers confirmation.

Bidder shall be held liable for all bids placed from the bidders account.

Bidder acknowledges that some tracts may be sold in total dollars and some may be sold per acre. The tracts sold per acre shall be the purchase price times the gross acres of the property sold. Bidder acknowledges that the online platform may not always show the tenths of an acre sold however bidder acknowledges that the purchase price will still be calculated using the total gross acres of the tract being sold including the tenths even if they are not displayed.