WEDNESDAY, DECEMBER 20th, 2017, at 2:00 PM





Jeffrey T. Obrecht (515-689-1648)

Joe Sandve (641-752-4505) Ag Land Realty

LISTING #17131

DESCRIPTION: 80 acres m/l to be offered at auction on Wednesday, December 20th, at 2:00 P.M. This property consists of 80 acres m/l, of which there are 78 taxable acres and 75.28 cropland acres. This property has an average CSR2 of 81.6, with the county average CSR2 being 79.7.

DIRECTIONS: From Gifford, Iowa, go south on UU Avenue approximately 1/2 mile or from Union, Iowa, go north on County Blacktop Road S-62 to Gifford, Iowa, then go west to UU Avenue, then south ½ mile. Property is located on the east side of county rock road UU Avenue. Please watch for real estate signs.

LEGAL DESCRIPTION: The North One-Half of the Northeast Quarter (N1/2 NE1/4) of Section Eight (8), Township Eighty-six (86) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal description.


Cropland: 75.28 acres

Corn Base: 55.01 acres PLC Yield: 166 bu.

Bean Base: 17.99 acres PLC Yield: 43 bu.

This farm is classified as Highly Erodible Land with a conservation plan in place. No Wetlands Determination is complete at this time.

FARM LEASE: The subject property is rented for the 2017 crop year, with Sellers retaining the 100% of the 2017 cash rent. The farm lease for 2018 has been terminated. Contact auctioneer for details of lease.

LISTING #17131 Terms and Conditions

SALE METHOD: This property will be sold as one tract of 80 acres m/l.

IMPROVEMENTS: The subject property is unimproved except for perimeter fence, field drainage tile and terraces.

TAXES: $2204/year or $28.25/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 named attorney’s trust account.

POSSESSION: Possession will be granted at closing, on or about January 26, 2018, subject to the current cash rent lease and current tenant’s rights for the 2017 crop year.

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 January 26, 2018. 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: Richard Bordwell

SELLER: Michael Cundey

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.