FRIDAY, JUNE 8th, 2018, at 10:00 AM


119 9th STREET SW



Jeffrey T. Obrecht (515-689-1648)

LISTING #18117

DESCRIPTION: 145 acres m/l to be offered in a single tract at auction on Friday, June 8, 2018, at 10:00 A.M. This property consists of 145 acres m/l, of which there are 145 taxable acres and 144.79 cropland acres. This property has an average CSR2 of 82, with the county average CSR2 being 84.1.

DIRECTIONS: From the Goldfield, Iowa, go west on State Highway #3 to State Highway #17, then go north 1 mile. Property is located in the northwest corner of the intersection of Highway #17 and 210th Street. Please watch for real estate signs.

LEGAL DESCRIPTION: The Southeast Quarter (SE1/4), all in Section Twenty-five (25), Township Ninety-two (92) North, Range Twenty-seven (27), West of the 5th P.M., Humboldt County, Iowa, except Highway and Except for a 7 acres m/l parcel (building site). Please refer to abstract for exact legal description.


Cropland: 144.79 acres

Corn Base: 143.7 acres PLC Yield: 147 bu.

This farm is classified as Non-Highly Erodible Land with no Wetlands Determination complete at this time.

FARM LEASE: Seller is to retain the 1st half of the 2018 cash rent, with the second half of the cash rent to go to the buyer when due. The farm lease for 2019 has been terminated. Contact auctioneer for terms of the rental agreement for 2018.

LISTING #18117 Terms and Conditions

SALE METHOD: This property will be sold as one tract of 145 acres more or less.

IMPROVEMENTS: Improvements include field drainage tile and perimeter fence.

TAXES: $4000/year or $27/taxable acre. (Estimate) 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 July 15, 2018, subject to the current cash rent lease and current tenant’s rights for the 2018 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 July 15, 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: Lynn Collins Seaba

SELLERS: Gary Sampson, Keith Sampson, & Duane Sampson

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 potential buyers are urged perform their due diligence on the subject property prior to the auction. All map boundaries are approximate, and photographs used may or may not depict the actual property. Total tract acres, tillable acres, FSA acres, etc. are approximate and may be subject to change. 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.