***AUCTION IS CANCELLED***
WEDNESDAY, OCTOBER 11th, 2017, at 10:00 AM
ACKLEY RECREATION CENTER
902 8th AVE.
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 80 acres m/l to be sold at auction on Wednesday, October 11th, at 10:00 A.M. This property consists of 80 acres m/l, of which there are 77 taxable acres and 74.92 cropland acres. This property has an average CSR2 of 86, with the county average CSR2 being 80.7.
DIRECTIONS: From Ackley, Iowa, go west on County Highway #57 to county rock road Raven Avenue, then north on Raven Avenue 1.5 miles. Subject property is located on the east side of Raven Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: The West One-Half of the Northwest Quarter (W1/2 NW1/4) of Section Twenty-five (25), Township Ninety (90) North, Range Twenty (20), West of the 5th P.M., Franklin County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 74.92* acres
Corn Base: 65.9 acres PLC Yield: 131 bu.
Bean Base: 1.4 acres PLC Yield: 27 bu.
*Please note that this property has been farmed in the past as a certified organic property. Contact auctioneer for details.
This farm is classified as Highly Erodible Land with a conservation plan in place. The Wetlands determination is not complete at this time.
FARM LEASE: The subject property is open for the 2018 crop year. The lease that is currently on the property has been terminated and will not continue into 2018.
LISTING #17123 Terms and Conditions
SALE METHOD: This property will be sold as one tract of 80 acres m/l.
IMPROVEMENTS: Older ranch house, grain bins, corn crib, quonset machine shed, barn and several other outbuildings. All are being sold “As Is, Where Is.”
TAXES: $2174/year or $28.23/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 November 15, 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. Please note that this property is being sold subject to Court Approval.
CLOSING: Closing will occur on or about November 15, 2017. Closing will be subject to Court Approval and title will be conveyed by Court Officer Deed. 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.
ATTORNEY: Collin Davison
SELLERS: Heyde Vs. Heyde ETAL-Case #EQCV501350
Jeffrey T. Obrecht-Referee
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. Sale is subject to Court Approval.
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.