October 11, 2011 - 160 Acres of Lyon County, IA Farmland - Sold for $10,650.00

Lyon County IA -Wheeler Twp Land Auction

Of 160+/–acres of Farmland

Tuesday October 11, 2011–Sale time: 10:30 A.M.

Location: FROM JURRENS FUNERAL HOME IN GEORGE IA GO 5 MILES SOUTH ON L-14/KENNEDY AVE. TO BLK TOP A52 THEN GO 1 MILE WEST OR FROM BOYDEN, IA. GO 6 MILES NORTH ON L-14 TO BLK TOP A52 THEN 1 WEST.—Auction held at site of land-Auction signs will be posted!!

Auctioneers note: We are honored to conduct the auction of this Prime Farmland located in Wheeler Twp, Lyon County, IA. for the Locker family Heirs. This choice Farmland is located in Northwest Iowa between Boyden and George, IA. If you looking for some land to add to your current operation or as a investment—Make plans today to attend!

Legal Description of Tract 1: The SE ¼ of Section 27-98N, Range 44W, Wheeler Twp, Lyon County, IA. subject to public roads and easements of record.

General Description: Selling will be 160+/– acres of Farmland according to the Lyon County assessor. According to the Lyon County FSA, this farm contains 155.5 tillable acres. This farm has an average CSR rating of 54.3. This farm is classified as non-HEL. The predominant soil types are: 878B2, 878B, 878C2-Ocheyedan loam, 577B-Everly loam, 174B, 174C2, 174D2–Bolan loam, 133-Colo silty clay, 27B-Terril loam, 310B-Galva silty clay loam, 486-Davis loam, 91, 91B-Primghar silty clay loam and 785-Spilco. This farm has a corn base of 77.3 acres with a direct yield of 99 and cc yield of 122bu. This farm has a soybean base of 77 acres with a direct yield of 31 and cc yield of 37 bu. This farm is not currently enrolled in the Acre program. This farm has been well managed with good fertility by a long term tenant. This farm also has had manure application approx. every other year. The North 80 of this farm has some tile. As this is an excellent producing farm– Don’t miss the opportunity to invest in this prime farmland or to add to your current operation. This farm will be checked for the 180 nutrient depreciation program for further information contact auctioneers or contact Tim Bakker at Extended Ag at 712-478-4582.

Method of Sale: This farm will be offered as one tract of 160+/– acres.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $2534.00 per year. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession: Possession will be March 1, 2012 – 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 November 30, 2011 when the buyer shall receive a clear and merchantable title to the property. This farm is being sold as is as a cash sale with no finance contingencies. 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. No warranties are expressed or implied. 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. Auctioneers are agents for the sellers. –

Mike Austin –attorneys for sellers.

www.zomerauctions.com

LOCKER FAMILY—HEIRS—OWNERS

Auctioneers and Re Brokers:

Mark Zomer VVZ Realty-712-470-2526

Darrell Vande Vegte-VVZ Realty-712-726-3428

Tim De Bruin—Otter Valley Real Estate 712-475-3325

Gary Van Den Berg-sales-VVZ Realty–712-476-5843