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 5, 2021, or such other date agreed

to by the parties. Subject to current lease. Open

tenancy for pasture land only.

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 the Farmers

National Company 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 Farmers

National Company 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 by the Seller. Sale is not

contingent upon Buyer(s) financing.

Closing: The sale closing will be April 5, 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 Farmers National

Company.

For Sale by Bids: Written bids will be accepted at

the office of Farmers National Company, 13445

South 68th Avenue West, Mitchellville, Iowa

50169 until 4:00 PM, Friday, February 26, 2021.

Bids should be for the total dollar amount and not

per acre. Those submitting the highest written bids

will be notified and invited to participate in an oral

bidding to be held at Sully Community Building,

318 6th Avenue, Sully, Iowa on Thursday, March 4,

2021, at 10:00 AM.

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.

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): John C. Kramer and Jennifer Kramer