BUTLER COUNTY: 185 ACRES M/L



FRIDAY, OCTOBER 21, 2022 at 10:00 AM

MIDWEST ONE BANK

1001 IA-57

PARKERSBURG, IOWA

CLICK HERE TO BID ONLINE

LISTING AGENT:

Jeffrey T. Obrecht (515-689-1648)

LISTING #22129

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DESCRIPTION: 185 acres m/l to be offered at auction on Friday, October 21st, 2022, at 10:00 A.M. This property consists of 185 acres m/l, of which there are approximately 181.75 taxable acres and 176.49 cropland acres m/l. This tract has an average CSR2 of 81.3, with the Butler County average CSR2 being 74.5.

DIRECTIONS: From Parkersburg, Iowa, go north on State Highway #14 approximately 3 miles to 280th Street, then west on 280th Street approximately 3 miles. Subject property is located on the south side of 280th Street. From Aplington, go north on County Blacktop T-25 to 290th Street, then east on 290th Street to Jay Avenue, then north on Jay Avenue 1/2 mile. Subject property is located on the east side of Jay Avenue. Please watch for real estate signs.

LEGAL DESCRIPTION: (185 Acres M/L) Northwest Fractional Quarter (NW Frl. 1/4), except Beginning 807.5’ east of the Northwest corner, thence South 844.97’, East 455.36’, North 845’, West 462’ to the point of beginning; Northeast Quarter of the Southwest Quarter (NE1/4 SW1/4); Eleven (11) acres in the Northwest Quarter of the Northwest Quarter of the Southwest Quarter (NW1/4 NW1/4 SW1/4), all in Section Three (3), Township Ninety (90) North, Range Seventeen (17), West of the 5th P.M., Butler County, Iowa. Please refer to abstract for exact legal description.

FARM PROGRAM INFORMATION:

Cropland: 176.49 acres

Corn Base: 107.9 acres PLC Yield: 169 bu.

Bean Base: 68.59 acres PLC Yield: 45 bu.

This farm has a small area east of the building site that is considered Highly Erodible Land, with the balance of the farm classified as Non-Highly Erodible Land. No Wetlands Determination is complete at this time.

FARM LEASE: The subject property is rented for the 2022 crop year. The seller will retain 100% of the crop income or cash rent on the subject property for 2022. The lease for 2023 has been terminated.

IMPROVEMENTS: Improvements are field drainage tile and perimeter fence.

TERMS AND CONDITIONS

SALE METHOD: This tract will be offered as an individual tract of 185 acres m/l.

TAXES: $5,832/year. 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 January 9, 2023, subject to the current cash rent lease and current tenant’s rights for the 2022 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 9, 2023. 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.

ONLINE BIDDING: Please visit our website to register for online bidding. Mid Iowa Real Estate, Auctions, & Appraisals cannot be held liable for any technical difficulties relating to the server, software, internet, or other online auction-related technologies. Bidders shall have no claims against the auction company or Sellers if their bids are not accepted.

ATTORNEY: Dale Hansmann

SELLERS: Claas Kampman Estate, Barbara Dennler, Marlin Kampman, & Robert Kampman

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 to 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.