WEDNESDAY, MARCH 29th, 2017, at 10:00 A.M.





Jeffrey T. Obrecht (515-689-1648)

LISTING #17107

DESCRIPTION: 117 acres m/l to be sold at auction on Wednesday, March 29th, at 10:00 A.M. This property consists of 117 acres m/l, of which there are 116.82 taxable acres and 118.63 cropland acres. This property has an average CSR2 of 87.8, with the county average CSR2 being 79.7.

DIRECTIONS: From Ackley, Iowa, go south on County Blacktop S-56 to county rock road 190th Street, then west on 150th Street 1 mile. From Cleaves, Iowa, go north on S-56 to 150th Street, then west on 150th Street 1 mile. Subject property is located north of 150th Street and west of the Railroad Right of Way. Please watch for real estate signs.

LEGAL DESCRIPTION: The West One-Half of the Southeast Quarter (W1/2 SE1/4); East One-Half of the Southeast Quarter West of the Railroad Right of Way (E1/2 SE1/4 W. of RR); 1/10 Acre of Railroad Right of Way in Section Twenty-seven (27) Township Eighty-nine (89) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal description.


Cropland: 118.63 acres

Corn Base: 56.5 acres PLC Yield: 168 bushel

Bean Base: 56.2 acres PLC Yield: 47 bushel

This farm is classified as Non-Highly Erodible Land with the Wetlands Determination not complete at this time.

FARM LEASE: The subject property is open for the 2017 crop year or the tenant for 2016 would be interested in renting it for the 2017 crop year. If the buyer farms the property in 2017, the previous tenant for 2016 will be reimbursed for fertilizer that has already been applied. Early possession will be granted, if necessary, with the proper earnest money payment the day of the auction and a copy of the buyer’s general liability declarations page, with the subject property’s legal description stated on the declarations page.

LISTING #17107 Terms and Conditions

SALE METHOD: This property will be sold as one tract of 117 acres m/l.

IMPROVEMENTS: Terraces and perimeter fences are the only improvements on this property.

TAXES: $3028/year or $25.92/taxable acre

MINERALS: All mineral interests owned by the Seller, if any, will be conveyed to the Buyer.

EARNEST PAYMENT: A 15% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held in the Mid Iowa Real Estate, Auctions, & Appraisals’ trust account or named attorney’s trust account.

POSSESSION: Possession will be granted at closing, on or about May 3, 2017.

CONTRACT AND TITLE: Immediately upon conclusion of the auction the high bidder will enter into a real estate contract and deposit with Mid Iowa Real Estate, Auctions, & Appraisals the required earnest payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon buyer financing. Seller to pay all escrow closing costs.

CLOSING: Closing will occur on or about May 3, 2017. The balance of the purchase price will be payable at closing in cash, guaranteed check, or wire transfer.

SURVEY: At the Seller’s option, the Seller shall provide a new survey where there is not an existing legal or where new boundaries are created. The Seller will be responsible for any survey costs.

BIDDER REGISTRATION: All prospective bidders must register with the auction company and receive a bidder’s number in order to bid at the auction.


SELLERS: Lisa & Mike Jones and Brandie & Todd Folkerts

This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold on an “As is—Where is” basis with no warranties or guarantees, expressed or implied, made by the Realtor or Seller. All map boundaries are approximate, and photographs used may or may not depict the actual property. All bids will be on a per acre basis. Seller reserves the right to accept or reject any and all bids.

Mid Iowa Real Estate, Auctions, & Appraisals and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Auctioneer will take precedence over any previous material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.