September 24, 2011 - 152.41 Acres of Lyon County, IA Farmland & Acreage - Sold for $3,700.00

Upcoming Lyon County Pastureland/Farmland Auction

Which includes a building site with Horse barn/stables and riding arena and other outbuildings —

Of 152.41 acres of Lyon County Pasture/farm land sold in 2 Tracts-

Tract 1– 17.83 acre building site w/pastureland and horse stable/arena

 Tract 2–134.58 acres of pastureland and tillable farmland

& also misc. Personal Property Items

Saturday -September 24, 2011–Sale time: 10:30 AM

Location: 1652 Harrison Ave. or from Popkes in Rock Rapids, IA. go south 2 miles on US Hwy 75 to 170^th St. then go east 1 mile to Harrison Ave.  to beginning of land –then go approx. ½ mile north to building site.

Auctioneers note: We are honored to be conducting this auction for the Dorothy McCormack Rev. Trust —This is an unbelievable Opportunity for the Horse Lover or cow/calf operator or investor. This piece of Lyon County Property provides everyone with a rare opportunity to purchase a piece of property which is a combination of spectacular pastureland-and a building site w/a grand horse stable with living quarters and arena nestled along the scenic Rock River—located just outside the city limits of Rock Rapids, IA. —Make Plans today to Attend!!

Legal Description of Tract 1: Parcels D & E in the SW ¼ in Section 10, Twp 99N, 45W, Lyon County, IA. subject to public roads and easements of record.

General Description of Tract 1: Being sold is 17.83 acres which consists of a building site with pastureland. The building site consists of a Fast Trac steel 48 x 150 horse barn, built in 2003, with 3– 12 x 12 overhead doors. The heated and insulated horse barn has 7– 12 x 13 horse stalls (horse stalls will be sold separate from building), a 48 x 54 riding arena area and a 16 x 32 living quarters (which includes a kitchen/bathroom/laundry/bedroom/family room). The horse barn has propane radiant heat with 1000 gallon propane tank and living quarters has Weatherking central a/c. Also, included on the building site are an 11 x 16 storage building, 14 x 28 open front building, 15 x 32 open front building, 24 x 48 barn and a 17 x 25 building. This site is currently served by its own septic system and well. This building site with its location—close to the town of Rock Rapids, IA is an excellent opportunity for anyone looking for a property to build a house on or for the horse lover or cow/calf operator. This is the perfect hobby/recreation site for anyone.

Legal Description of Tract 2: SW ¼ W of RR & 8.13 acres in the SW ¼ SE ¼ except Parcels D and E in Section 10, 9N, 45W of the 5^th P.M. Lyon County, IA. subject to public roads and easements of record.

General Description of Tract 2: Tract 2 will consist of 134.58 acres of pasture/farmland. According to the Lyon County FSA, this tract contains 32.29 tillable acres with the balance in pastureland, road, ditch and river. This farm is classified as non-hel. This farm has a corn base of 21.6 with a direct yield of 99 and a cc yield of 135. This farm has an oats base of 7.2 with a direct yield of 76 and a cc yield of 55. This farm has road on 3 sides. This farm has the Rock River running through it. This is an excellent producing pasture. This is an excellent opportunity for the horse lover, cow/calf operator or for anyone to add to their current operation. NOTE: 7 ½ acres more or less of Tract 2 was used as the municipal landfill for Rock Rapids from 1950-1975. This landfill site was located west of and adjacent to K-52.

Open house: Open House will be held on the horse stables/arena/living quarters on Thursday September 8 from 5:00 to 7:30 PM or by appointment by contacting one of the auctioneers listed below.

Method of Sale: This farm will be offered as 2 separate tracts and remain sold. Tracts will not be combined.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $1624.00 per year. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession: Possession will be December 31, 2011, due to the current farm lease.

TERMS: Purchaser(s) will be required to pay a non-refundable 10% of the purchase price immediately following the auction and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day Dec. 2, 2011 when the buyer shall receive a clear and merchantable title to the property. These terms are for Tracts 1 & 2, This property is being sold as is with all defects as a cash sale with no finance contingencies. No warranties are expressed or implied by the auction company.  If buyers desire more info on the municipal landfill site-please contact the auctioneers. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. All FSA information is according to the Lyon County FSA. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. The land is sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. Vande Vegte and Zomer Realty and Auction are agents for the sellers. Lachlan Bonander-attomey for sellers.

The following personal property owned by Marie Schmidt (Dorothy’s daughter) will be sold immediately following the acreage and land:

Building to be moved: 30 x 36 hoop building, built in 2005 –being sold to be moved by December 31, 2011.

2008 Mini Cooper: 2008 2 door S model Mini Cooper –leather bucket seats, sunroof, 4 cyl, –blue—3000 miles—exc cond.

Bulk Bin: approx. 2 ½ Ton GSI bulk bin w/auger system.

7 Horse Stalls: 7—12 x 13 horse stalls:

Mower: Toro Z-5030 zero turn riding lawn mower w/50” deck, 23 hp Koehler motor-new in 2009:

Terms for personal property: Cash/good cashable check. Credit/Debit cards also accepted. Not responsible for accidents or theft of items purchased. Any announcements made day of auction will supersede any advertisements

Dorothy E. McCormack Revocable Trust—owners

Auctioneers:

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Gary Van Den Berg –sales-712-470-2068

Clark Ahders—712-470-4700