WEDNESDAY, NOVEMBER 8th, 2017, at 10:00 AM
119 9th ST. SOUTHWEST
Jeffrey T. Obrecht (515-689-1648)
DESCRIPTION: 80 acres m/l to be offered at auction on Wednesday, November 8th, at 10:00 A.M. This property consists of 80 acres m/l, of which there are 79 taxable acres and 79 cropland acres. This property has an average CSR2 of 79.8, with the county average CSR2 being 82.2.
DIRECTIONS: From Clarion, Iowa, go north on County Blacktop R-38 approximately 11 miles to 110th Street/C-12, then west ½ mile. From Kanawha, go south on R-35 to 110th Street/C-12, then go approximately 2 ½ miles east on 110th Street/C-12. Property is located on the south side of county rock road 110th Street/C-12. Please watch for real estate signs.
LEGAL DESCRIPTION: The East One-Half of the Northwest Quarter (E1/2 NW1/4) of Section Twelve (12), Township Ninety-three (93) North, Range Twenty-five (25), West of the 5th P.M., Wright County, Iowa. Please refer to abstract for exact legal description.
*FARM PROGRAM INFORMATION:
Cropland: 79 acres
Corn Base: 45 acres PLC Yield: 164 bushel
Bean Base: 30 acres PLC Yield: 36 bushel
This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.
*This is an estimate as it is combined with another farm.
FARM LEASE: The subject property is rented for the 2017 crop year, with Sellers retaining 100% of the 2017 lease payments. The subject farm is also rented for the 2018 crop year, with 100% of the income for the 2018 crop year to be paid to the buyer. The farm lease for 2018 has been terminated. Contact auctioneer for details of lease.
LISTING #17125 Terms and Conditions
SALE METHOD: This property will be sold as one tract of 80 acres m/l.
IMPROVEMENTS: Perimeter fence and field drainage tile.
TAXES: $2034/year or $25.75/taxable acre. Property taxes will be prorated to date of closing.
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 named attorney’s trust account.
POSSESSION: Possession will be granted at closing, on or about December 15, 2017, subject to the current cash rent lease and current tenant’s rights for the 2017 & 2018 crop years.
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 December 15, 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.
ATTORNEY: Mike Holt
SELLERS: Jean & Rollin Stevens
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.