Land Auction - Krom FarmsLegal Description

Buyer’s Premium: The buyer’s premium of 10% will apply to all winning online bidders. All accounts must be settled by the end of the pick-up day. Payment must be made with cash, valid check, Visa or Mastercard, cashier's check, money order, or wired funds. A 3.5% facilitation fee will be assessed to credit card purchases. Please note: checkbacks on credit cards are not allowed. The successful on-site bidder shall pay 10% of the total purchase price on the day of the sale and sign a Real Estate Contract that states the entire remaining balance shall be payable at closing when an abstract showing merchantable title and a Warranty Deed will be given. Closing is estimated to be November 1, 2022. The buyer is taking possession of this farm subject to the existing lease, which has been terminated prior to September 1, 2022. The sellers retain the entire 2022 lease income, and the buyer(s) shall receive complete possession March 1, 2023. The seller will pay that installment of real estate taxes normally delinquent October 1, 2023, if unpaid, and all prior taxes if any. The successful online bidder(s) shall wire the 10% earnest money deposit within 24 hrs. of the date of this auction and e-sign the Real Estate Contract upon the receipt through buyer’s email. There is no buyer’s premium. Please call 712-882-2406 for wiring instructions. All internet prospective bidders shall register on Proxibid no later than August 26, 2022, at 12:00 p.m. noon. NO EXCEPTIONS. All FSA figures as stated are estimates and may be subject to recon. Buyers are purchasing this tract “as is”. Any announcements made on the day of the sale supersede any previously given information. Prospective Buyers may view this tract from the road or on site with respect given to soil conditions and the growing crop. For further information, contact the auctioneers at Midwestern Land & Auction.