February 26, 2008 - 100 Acres of Lyon County, IA Farmland

LYON COUNTY, IA

FARMLAND AUCTION

 100 ACRES OF LYON COUNTY, IA –GARFIELD TOWNSHIP FARMLAND

TUESDAY FEBRUARY 26, 2008

SALE TIME: 10:30 A.M.

LOCATION: FROM PREMIER BANK IN ROCK RAPIDS, IA GO 6 MILES SOUTH ON HWY 75 TO BLACKTOP A-34/210^TH ST. THEN GO 1 MILE EAST TO HARRISON AVE. THEN GO ½ MILE SOUTH OR FROM GEORGE, IA GO 8 MILES WEST ON BLACKTOP A34/210^TH ST. THEN GO ½ MILE SOUTH ON HARRISON AVE.

AUCTION TO BE HELD AT SITE OF LAND

WWW.VANZOMREALTYAUCTION.COM

LEGAL DESCRIPTION:  The south 100 acres of the NW Fractional ¼ of Section 3, Garfield Township, Township 98 North, Range 45 West of the 5^th P.M. Lyon County, Iowa, subject to Public roads and easements of record.

GENERAL DESCRIPTION: The survey and assessor show 100 acres of farmland with 1.25 acres of road right of way. The Lyon County FSA shows 93.6 acres of cropland with a 57.5 acre corn base with a direct yield of 92 and a cc yield of 142, a soybean base of 24.2 with a direct yield of 43 and a cc yield of 51, an Oat base of 4.8 with a direct yield of 69 and a cc yield of 55. The land is classified as hel with a conservation plan of contoured farming, crop rotation, field border and grass waterway. The predominant soil types of this farm include 310B and 310C2– Galva Silty Clay loam, 91B—Primghar Silty clay loam, 878C2—Ocheyedan Loam and a small portion of 77D2—Sac Silty Clay loam. The average CSR is approx. 57.4. This is an inside tract of land with road only on one side. The farm appears to be well managed and in a good state of productivity. (Upon completion of the recent survey, potential buyer(s) may want to review cropland acres with FSA).

REAL ESTATE TAXES: Sellers will pay the 2007 Real Estate taxes that are due and payable in the Spring and Fall installments of 2008. The current Real Estate taxes are $1372.00 per year.

POSSESSION: Possession will be given on closing day April 8, 2008.

METHOD OF SALE: This tract will be sold as a 100 acre tract of farmland.

 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 of April 8, 2008 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 and soil maps are available upon request. Sold subject to the confirmation of the seller. If any additional information is requested please contact the agents listed below. Vande Vegte and Zomer Realty and Auction Inc. are agents for the sellers. Ron Oostra attorney for the sellers.

NOTE: We are honored to have been asked to conduct this auction on this excellent piece of Lyon County, IA farmland. This is truly a once in a lifetime opportunity as this parcel of land has been in this family for many, many years.

BRIAN WESSELINK AND ETAL —OWNERS

AUCTIONEERS AND RE BROKERS

            Mark Zomer—712-470-2526  Darrell Vande Vegte—712-726-3428

Gary Vanden Berg—sales—712-476-5843