January 29, 2014-61.45 Acres of Quality Garfield Twp, Sioux County, IA Farmland--John & Theresa Pease--owners-

Live Auction

Auction Date: January 29, 2014 - 10:00 am

Rock Valley

Sioux County

Lot Size:

61.45 acres

Upcoming Public Auction

Of 61.45 acres of Quality Garfield Twp,

Sioux County, IA Farmland

Wednesday January 29, 2014–Sale time: 10:30 A.M.

Auction will be held at site of land!

Location: from Pump n Pak in Rock Valley, IA go 6 miles West on Hwy 18 to Cleveland Ave. Then go 2 ¾ miles South on Cleveland Ave.

“Your Farmland Specialists”

Auctioneers Note: Vande Vegte & Zomer Realty & Auction Inc. is honored to present this Prime Farmland which has been in this family for decades. This is your opportunity to purchase a smaller parcel of excellent Sioux County, IA. Farmland–This land has a CSR rating of 65.9. Make plans today to attend!!

Abbreviated Legal description: Parcel A of the fractional NW ¼ of Section 4, Twp 96N, Range 47W of the 5^th P.M. Sioux County, IA. Subject to public roads, rural water and electric transmission line easement and any and all easements of record.

General description: This outstanding 61.45 acre surveyed tract of farmland contains approx. 60.69 tillable acres after survey, with the balance in road and ditch and electrical tower. This farm has a corn base combined with another farm. The direct and cc yield on corn is 101bu. The predominant soil types include: 410, 410B, 410B2, 410C2-Moody, 428B-Ely, 91, 91B-Primghar and 401C3-Crofton. This farm has an average CSR rating of 65.9. The topography of this farm is gently rolling. This is a very desirable farm with road on one side and has been well managed and is in a good state of productivity. New owner will not be allowed to build any type of Livestock facility on this 61.45 acre tract of land for a period of 10 years. This farm in 2013 had 8.7 acres in CRP. The CRP contract has been terminated by the seller at the seller’s expense and therefore this farm will be nearly all tillable for the 2014 crop year. Make plans today to attend this auction! Here is your opportunity to own one of Sioux County’s PRIME tracts of farmland. This farm is available to farm for the 2014 crop year.

Method of Sale: Offered will be the 61.45 surveyed acres of farmland which will remain sold.

Real Estate Taxes: According to the Sioux County Treasurer, the current net Real Estate taxes are approximately $1390.00 per year. Seller will pay all real estate taxes which would become delinquent if not paid by Sept. 30, 2014, as well as all prior taxes.

Possession of Farmland: Possession will be given on March 1 2014 due to current 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 March 3, 2014 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. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This land is sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact the agents listed below.

John & Theresa Pease–owners

Maggie Gillespie–sellers attorney