April 24, 2012 - 142.5 Acres of Sioux County, IA Farmland - Sold for $14,000.00

Highly Productive Farmland at auction

142.5 +/- Acres of Eagle Twp, Sioux County, IA. Farmland

Tuesday April 24, 2012—    

Sale Time: 10:30 A.M.

Location: From Caseys in Sioux Center, IA. go 14 miles West on Blktop B-40/390^th St. then go 1 mile South on Blktop K-18/Cherry Ave. to beginning of land or from Hawarden Golf course corner junction Hwy10/BlkTop K-18 go North on Blktop K-18 following curves approx 51/2 miles to beginning of land. Land is located NE of Oak Grove State Park Entrance.

Auction Held At Site of Land Auction Signs Will Be Posted!

Auctioneers note: We are honored to have been asked and appreciate the opportunity to offer at public auction this tract of farmland for the Donna Miller Family. This attractive tract of farmland has been in this family for many years and presents a once in a lifetime opportunity. This Prime piece of farmland with a 65.9.9 CSR rating would make an excellent addition to anyone’s current farming operation or would make a great investment! This is a rare opportunity to purchase some PRIME farmland in this location.

ABBREVIATED LEGAL DESCRIPTION: The NW ¼ of Section 7, Twp 95N, Range 47W of the 5^th P.M., except that part of the NW1/4 7-95N-47W described as the S 35` of the N 516` of the W 293` thereof and the E 452` of the W 745` of the S 544` of the N 822` thereof consisting of 5.9 acres more or less. Land will be surveyed and sold based on surveyed acres.

GENERAL DESCRIPTION: This highly productive High Quality 142.5 +/-acre tract of farmland has according to the Sioux County FSA 137.34 tillable acres with the balance in road ditch and 1 waterway. This farm has a corn base of 87.3 acres with a direct yield of 97 bu and a cc yield 142 bu A soybean base of 50 acres and direct yield of 36 Bu. cc yield of 43  bu. The predominant soil types include: 310B, 310B2, 310C2—Galva silty clay loam, 133-Colo, 467-Judson, 91-Primghar and 878-Ocheydan etc. This farm is classified as HEL. The farm is not enrolled in the acre program. This farm has an average corn suitability rating of approx 65.9. This farm is well maintained and managed and provides an excellent opportunity to anyone. The Farm will be surveyed and sold based on surveyed acres.

TAXES: According to the Sioux County Treasurer, the current net Real Estate taxes are approximately $1816.00 per year. Seller will pay the real estate taxes thru fiscal year ending June 30 2011, and taxes payable in September 2012 for taxes thru Dec 31 2011.

METHOD OF SALE: This tract of farmland will be offered as a 142.5+/–acre tract of farmland based on Surveyed Acres.

POSSESSION/LEASE TERMS: Possession of the farmland will be subject to current farm lease for the 2012 and 2013 crop years. This farm has an existing lease that is a attractive cash lease of which the new buyer will receive all of the cash rent for the 2012 and 2013 crop years. Buyer will receive a total cash rent of $ 138,420.00 to be paid to new buyer as follows at closing on June 8 buyer will receive $96,390.00.00 and on Nov 15 2012, $14,010.00 and May 15, 2013 $14,010.00 and Nov 15, 2013 $14,010.00

Terms:  Purchaser(s) will be required to pay a non-refundable 10% of the purchase price immediately following the auction and also enter into a purchase agreement with the remaining balance due and payable on closing day on or before June 8, 2012 when the buyer shall receive a clear and merchantable title to the property. The 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 the data provided. Any announcements made the day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. The land is being sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. Auctioneers and Real Estate agents are representing the sellers.

Jim Pickner—attorney for sellers

The Donna Miller Estate –owners

Auctioneers:

Mark Zomer- VVZ Realty-712-470-2526

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

Gary Vanden Berg Sales—712-470-2068

Joel Westra- Westra/Atkins–605-310-6941

Pete Atkins- Westra/Atkins–605-351-9847