Name Online Only Land Auction- Henry Co., Iowa
Auctioneer Fraise Auction & Real Estate
Type Online-Only Auction
Date(s) 3/30/2021 - 5/6/2021
Online Only Bidding Ends: Thursday, May 6th at 1:00 PM
Preview Date/Time Please feel free to view the farm any time!
Checkout Date/Time NA
Location Section 35, Wayne Township,
Henry County, IA 52641
Buyer Premium NO BUYER'S PREMIUM!
Description
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. UPDATED! 75.68 Surveyed Acres
Auction Terms & Conditions AUCTION DETAILS 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 Special Terms Fraise Auction & Real Estate is providing Internet bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Fraise Auction & Real Estate or anyone else if the Internet service fails to work correctly before or during the auction. Fraise Auction & Real Estate will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction concludes. Fraise Auction & Real Estate reserves the right to withdraw or re-catalog items in this auction. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 100,000.00 250.00 USD
100,000.01 - 500,000.00 500.00 USD
500,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium NO BUYER'S PREMIUM!
Payment Terms
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.