JEFFERSON COUNTY, IA LAND AUCTION - BROKKEN

LOCATION Jefferson County, Iowa The Brokken Farm is located in Sections 7 & 8, Round Prairie Township, Jefferson County, IA. (3 miles southwest of Lockridge or 8 miles southeast of Fairfield, IA) From Lockridge, IA go west 3 miles to Tamarack Ave., turn left or south and proceed 1 mile to Teal Ave. and continue 1 miles to 239th St. Turn right or west and go a short distance to the farm. (Be watching for presale directional signs). SELLER Mike Brokken MANAGED BY Jim Huff (319) 931-9292 GENERAL INFORMATION 87 taxable acres 2 tracts Make plans now to bid on this upcoming Jefferson County, IA land auction. This farm offers tillable cropland, pastureland and awesome hunting / recreational acreage. Tract 1 includes a small single story home and several outbuildings. This is an auction that you will not want to miss! TRACT INFORMATION The Brokken Farm will be sold on a price per acre basis, based on a survey that is currently in progress. The surveyed acres will constitute the final settlement price. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts, the final tract with then be offered. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing in approximately 30 days on or about January 5, 2026 upon delivery of a merchantable abstract and Deed. The Real Estate Taxes will be prorated to the date of closing. Possession will be given at the time of closing. Both tracts sell with full farming rights for the 2026 and there are no hunting leases associated with the property. It will be the buyers responsibility and expense for any testing or upgrades to the septic system on Tract 1. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS. METHOD & TERMS The Brokken Farm will be sold on a price per acre basis, based on a survey that is currently in progress. The surveyed acres will constitute the final settlement price. Both tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either or both tracts for their high bid. If the high bidder does not elect both tracts the final tract with then be offered. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing in approximately 30 days on or about January 5, 2026 upon delivery of a merchantable abstract and Deed. The Real Estate Taxes will be prorated to the date of closing. Possession will be given at the time of closing. Both tracts sell with full farming rights for the 2026 and there are no hunting leases associated with the property. It will be the buyers responsibility and expense for any testing or upgrades to the septic system on Tract 1. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold AS IS. Mike Brokken Representing Attorney: Vanessa M.Y. Willman | Foss, Kuiken, Cochran, Helling & Willman, P.C. 304 S. 20th Street, 2nd Floor, P.O. Box 30, Fairfield, Iowa 52556 | (641) 472-3129 Auction Manager: Jim Huff (319) 931-9292