HARDIN COUNTY: 221 ACRES M/L


TRACT #3 - $11,700/ACRE

TRACT #4 - $5,000/ACRE

WEDNESDAY, SEPTEMBER 9th, 2020, at 10:00 AM

ACKLEY RECREATION CLUB

902 8TH AVENUE

ACKLEY, IOWA

*Due to the ongoing COVID-19 pandemic, face masks are strongly recommended and social distancing should be maintained.

LISTING AGENT:

Jeffrey T. Obrecht (515-689-1648)

LISTING #20122

BROCHURE

BROCHURE INSERT

AERIAL MAP - TRACT 1

AERIAL MAP - TRACT 2

AERIAL MAP - TRACT 3

AERIAL MAP - TRACT 4

PLAT MAP

SOILS MAP - TRACT 1

SOILS MAP - TRACT 2

SOILS MAP - TRACT 3

SOILS MAP - TRACT 4

DESCRIPTION: 221 acres m/l to be offered in 3 individual tracts and a combination at auction on Wednesday, September 9th, 2020, at 10:00 A.M. Tract #1 consists of 77 acres m/l, of which there are approximately 74 taxable acres m/l and 74 cropland acres m/l. Tract #2 consists of 64 acres m/l with approximately 64 taxable acres m/l and 64 cropland acres m/l. Tract #3 is a combination of Tracts #1 & #2 or a total of 141 acres m/l with approximately 138 taxable acres and 138 cropland acres m/l. Tract #4 consists of 80 acres m/l with approximately 79 taxable acres m/l and 66 cropland acres m/l. Tract #1 has an average CSR2 of 93.8, Tract #2 has an average CSR2 of 92.1, Tract #3 has an average CSR2 of 93, & Tract #4 has an average CSR2 of 84.3. The county average CSR2 is 79.7.

DIRECTIONS: Tracts #1, #2, & #3-From Steamboat Rock, Iowa, go east on County Blacktop D-35 approximately 1 mile. The subject properties are on the south side of D-35. Please watch for real estate auction signs. Tract #4-From Steamboat Rock, Iowa, go south on County Blacktop S-56 to 210th Street, then go east on 210th Street 1 mile to W Avenue. Tract #4 is in the SE corner of 210th Street and W Avenue. Please watch for real estate auction signs.

TRACT #1-77 ACRES M/L

LEGAL DESCRIPTION: (77 Acres M/L) The East One-Half of the Southeast Quarter (E1/2 SE1/4), Except the West 3 acres of the S1/2 E1/2 SE1/4, all in Section Twenty-six (26), Township Eighty-eight (88) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to abstract for exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 74 acres (Est)

Corn Base: 66 acres PLC Yield: 186 bu.

Bean Base: 6 acres PLC YIeld: 46 bu.

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

PROPERTY TAXES: $2,080/year. (Est)

Property taxes will be prorated to date of closing.

IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.

FARM LEASE: Sellers are to retain all of the 2020 cash rent due for 2020. Contact the auctioneer for details. The lease for 2021 has been terminated.

TRACT #2-64 acres M/L

LEGAL DESCRIPTION: (64 Acres M/L) The West One-Half of Northeast Quarter (W1/2 NE1/4), Except the South 24 acres; East 20 acres of the West One-Half of the Southwest Quarter (E 20A. W1/2 SW1/4), except the South 6 acres all in Section Twenty-six (26), Township Eighty-eight (88) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to the abstract and survey for the exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 64 acres (Est)

Corn Base: 57 acres PLC Yield: 186 bu.

Bean Base: 6 acres PLC YIeld: 46 bu.

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

PROPERTY TAXES: $1,800/year. (Est)

Property taxes will be prorated to date of closing.

IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.

FARM LEASE: Sellers are to retain all of the 2020 cash rent due for 2020. Contact the auctioneer for details. The lease for 2021 has been terminated.

TRACT #3-141 acres M/L

LEGAL DESCRIPTION: (141 Acres M/L) Please see legal descriptions for Tracts #1 & #2 as this is a combination.

FARM PROGRAM INFORMATION:

Cropland: 138 acres (Est)

Corn Base: 123 acres PLC Yield: 186 bu.

Bean Base: 12 acres PLC YIeld: 46 bu.

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

PROPERTY TAXES: $3,880/year. (Est)

Property taxes will be prorated to date of closing.

IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.

FARM LEASE: Sellers are to retain all of the 2020 cash rent due for 2020. Contact the auctioneer for details. The lease for 2021 has been terminated.

TRACT #4-80 acres M/L

LEGAL DESCRIPTION: (80 Acres M/L) The West One-Half of the Northwest Quarter (W1/2 NW1/4) all in Section Thirty-four (34), Township Eighty-eight (88) North, Range Nineteen (19), West of the 5th P.M., Hardin County, Iowa. Please refer to the abstract for the exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 66 acres (Est)

Corn Base: 26.8 acres PLC Yield: 186 bu.

Bean Base: 15.6 acres PLC YIeld: 46 bu.

This farm is classified as Highly Erodible Land. No Wetlands Determination is complete at this time.

PROPERTY TAXES: $1,918/year. (Est)

Property taxes will be prorated to date of closing.

IMPROVEMENTS: This property is unimproved except for field drainage tile and perimeter fence.

FARM LEASE: Sellers are to retain all of the 2020 cash rent due for 2020. Contact the auctioneer for details. The lease for 2021 has been terminated.

LISTING #20122 TERMS AND CONDITIONS

SALE METHOD: Tracts #1 & #2 will be offered as individual tracts and will then be combined for Tract #3. Tract #1 will be sold as 77 acres m/l, Tract #2 will be sold as 64 acres m/l, Tract #3 will be sold as 141 acres m/l and Tract #4 will be sold as 80 acres m/l. If Tracts #1 & #2 sell separately, they will be surveyed and the purchase price will be based on the gross acres surveyed.

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, 2020, subject to the current cash rent lease and current tenant’s rights for the 2020 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, 2020. 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: Pat Craig

SELLERS: Gail Blair, Kenneth & Kristi Primus, and Donald & Rosanne Primus

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.

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