Henry County, Iowa
ONLINE ONLY LAND AUCTION
42± ACRES ∙ 1 TRACT
BIDDING ENDS: FRIDAY, OCTOBER 22ND, 2021 | 1PM
Land Positively Sells to the Highest Bidder (Subject to Court Approval)
Location & General Information
The Canby Farm is located in Section 6, T72N∙R5W, Canaan Township, Henry County, Iowa and is generally located 5 miles west and 1/4 mile north of Mount Union, IA. The farm represents Highly Productive Investment Quality Farmland that is nearly 100% tillable with an average CSR2 of 86.4.
- FSA information indicates 41.54 NHEL tillable acres of which 4.7 acres are enrolled in CRP (CP8A) with an annual payment of $1,302 expiring in 2022. CRP Contract
- Productive Mahaska & Taintor soils
- CSR2 is 86.4
- Available for the 2022 crop year
- Access is from Marsh Avenue
- Annual real estate taxes: $1,510.00
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, based upon the number of advertised acres. 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: Seller shall not be obligated to furnish a survey.
Farm Lease: The current tenant has been served lease termination and the farm sells with full farming rights for the 2022 crop year.
Earnest Money Payment: A $40,000 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 November 22, 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.
Other: It shall be the Buyer’s responsibility to report to the Henry County FSA office and show filed deed in order to receive the following if applicable (A) Allotted base acres; (B) Any future government programs; (C) Prorate of CRP. 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.
VAUGHN KNEEN CANBY CONSERVATORSHIP – SELLER
James F. Canby & Elaine J. Canby – Co-Conservators
Timothy Liechty of Bell, Ort & Liechty
200 W Main Street, New London, Iowa 52645 – Attorney for Seller