Henry County, Iowa
ONLINE ONLY LAND AUCTION
76 ACRES (Subject to Survey) ∙ 1 TRACT
BIDDING ENDS: THURSDAY, MAY 6TH, 2021 | 1PM
Location & General Information
The Canby Farm is located in Section 35, T73N∙R6W, Wayne Township, Henry County, Iowa and is generally located 6.5 miles southwest of Winfield, IA or 8.5 miles northwest of Mt. Union, IA. Land represents Highly Productive Investment Quality Farmland that is nearly 100% tillable with an average CSR2 of 84.7.
- FSA information indicates 75.76 NHEL tillable acres
- Productive Taintor & Mahaska soils
- CSR2 is 84.7
- Leased for the 2021 Crop Year
- Access is from 160th Street
How to Bid: Open up the Fraise Auction & Real Estate auction you are interested in at Fraiseauction.com. Click on any of the BID NOW icons within that auction. This will take you to the Online Bidding Platform. Find the auction you wish to participate in and open it up. To participate in that auction click REGISTER TO BID. From there you will need to create a bidder account. Once that is created you are able to bid on any of our Online Auctions
Auction Method: The Canby Farm will be sold in one individual tract on a price per acre basis. Auction is being conducted Online Only with a soft close, which means a bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to close of the auction. Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate if the internet service fails to work correctly before or during the auction.
Survey: Land is in the process of being surveyed. Acres will be adjusted subject to survey and will constitute the final settlement price.
Farm Lease: The farm is leased for the 2021 crop year. Buyer shall receive the 2nd half payment due and payable December 31, 2021 in the amount of $8,437.50. Farm lease will be open for the 2022 cropping season beginning March 1st, 2022.
Earnest Money Payment: A $30,000 nonrefundable earnest money payment is required on the day of the auction. All funds will be held in Fraise Auction & Real Estate Trust Account.
Closing & Possession: Closing will occur on or about June 7, 2021 at which time possession will be given, subject to tenants’ rights. The balance of the purchase price will be payable at closing in the form guaranteed check or wire transfer.
Contract & Title: Immediately up conclusion of the auction, the high bidder will enter into a real estate sales contract with the Seller. The Seller will provide a current abstract at their expense. Real estate taxes will be prorated to the date of possession. Sale is NOT contingent on Buyer’s financing or any other contingencies. Real Estate sells subject to Seller’s confirmation.
Other: The land is selling subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As Is, Where Is” basis with no warranties, expressed or implied made by the Auctioneer, Fraise Auction & Real Estate or Seller. Fraise Auction & Real Estate and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing this transaction. Any announcements made auction day by the Auctioneer will take precedence over all marketing material or oral statements. Bidding increments are at the sole discretion of the Auction Company and can be changed at any time during the course of the auction.
Disclaimer: Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the property. All lines drawn on maps and photos are approximate. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. No liability for its accuracy, errors or omissions is assumed by the Seller or Auction Company.
BETTY L. CANBY REVOCABLE TRUST – SELLER
Craig Canby – Trustee
Wayne E. Reames of Belin McCormick, P.C.
666 Walnut Street, Suite 2000, Des Moines, IA 50309 – Attorney for Seller