FRIDAY, SEPTEMBER 21st, 2018, at 10:00 AM
CATTLEMAN'S AT THE CLUB
1608 3rd ST. NE
LISTING AGENT: Jeffrey T. Obrecht (515-689-1648)
2016 & 2017 YIELD MAPS
DESCRIPTION: 80 acres m/l to be offered in a single tract at auction on Friday, September 21st, 2018, at 10:00 A.M. This property consists of 80 acres m/l, of which there are 77 taxable acres and 76.37 cropland acres. This property has an average CSR2 of 85.6, with the county average CSR2 being 82.2.
DIRECTIONS: From Belmond, Iowa, go east on County Blacktop C-20 to County Rock Road Victor Avenue, then go north on Victor Avenue ½ mile. Property is located on the west side of Victor Avenue. Please watch for real estate signs.
LEGAL DESCRIPTION: The East One-Half of the Northeast Quarter (E1/2 NE1/4), all in Section Sixteen (16), Township Ninety-three (93) North, Range Twenty-three (23), West of the 5th P.M., Wright County, Iowa. Please refer to abstract for exact legal description.
FARM PROGRAM INFORMATION:
Cropland: 76.37 acres
Corn Base: 57.7 acres PLC Yield: 147 bu.
Bean Base: 18.67 acres PLC Yield: 58 bu.
This farm is classified as Non-Highly Erodible Land, with no Wetlands Determination complete at this time.
FARM LEASE: Sellers to retain 100% of the 2018 cash rent. The farm lease for 2019 will be terminated prior to the auction. Contact auctioneer with questions.
LISTING #18131 Terms and Conditions
SALE METHOD: This property will be sold as one tract of 80 acres m/l.
IMPROVEMENTS: Improvements include field drainage tile and perimeter fence.
TAXES: $2402/year or $31.19/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 November 1, 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 November 1, 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: Mike Holt
SELLERS: Slining Farms LLC
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.