Your registration or bidding on a lot at our auctions constitutes your acceptance and agreement of the following terms and conditions.
1. WARRANTIES & DISCLAIMERS: All items are sold AS IS, WHERE IS, without warranty or guarantees expressed or implied no refund, returns, or exchanges and with all faults. AUCTIONEER AND SELLER EXPRESSLY DISCLAIM AND EXCLUDE THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. Bidders should rely solely on their own inspection of all items prior to the sale and should satisfy themselves as to the usefulness, value and or condition of each item. Seller, Auctioneer and Buyer expressly agree that Buyer is responsible for and agrees to indemnify Seller, Auctioneer and their respective affiliates for any and all damages, losses, expenses, attorney fees, court costs, etc. that arise out of or result from the removal, possession or use of any items purchased at auction or any other claim regarding the use of possession of any asset purchased at this auction. All descriptions are for informational purposes only. Any error in description does not relieve the buyer or his/her agent of their responsibilities - ALL SALES ARE FINAL. Your bid is a binding contract. Once the auctioneer (or bidding platform) indicates an item is sold to bidder a contract has been consummated and the liability of the item(s), including responsibility for payment, loss or damage rests solely with the bidder. Fraise Auction & Real Estate will not be held responsible for internet, computer or other human errors.

Auction Method: The auction will be conducted online only. Land is selling in one tract and will be sold on a price per acre basis, based on the number of advertised acres. Bidding is NOT contingent upon financing, an appraisal, inspection, or any other contingencies.

Survey: Seller shall not be obligated to perform a survey.

Farm Lease: The land is currently under a 50/50 crop share lease, with the Seller to receive their share of the income upon harvest.

Earnest Money Payment: A ten (10%) percent nonrefundable earnest money payment is required on the day of the auction. All funds will be held in the Fraise Auction & Real Estate Trust Account.

Closing & Possession: Closing will occur on or about July 14, 2025, at which time landlords' possession will be given. Full possession will be given after completion of harvest. 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 Sellers. The Sellers will provide a current abstract at their expense. Real estate taxes will be prorated to the date of possession.
Other: It shall be the Buyer's responsibility to report to the Lee 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.
RICHARD E. THYE - SELLER
Shannon Thye - P.O.A.

Christy Popejoy - Attorney for Seller



We sincerely appreciate your business,
Corey D. Fraise, CAI
Carrie Fraise
Tami Stuekerjuergen
Dan Fraise
Fraise Auction & Real Estate