July 11, 2012 - 155.48 Acres of Sioux County, IA Farmland

Highly Productive Farmland at Auction

155.48 +/–acres of Eagle Twp, Sioux County, IA. Farmland

74.1 CSR Rating

Wednesday July 11, 2012

Sale time: 10:30 A.M.

Location: From Caseys in Sioux Center, IA. go 11 miles West on Blktop B-40/390^th St. then go 1 mile South on Coolidge Ave./Blktop K-22 to beginning of land. Land is located at the intersection of 400^th st. and K-22.

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 Elizabeth Heuer Estate. This attractive piece of farmland has been in this family for many years and represents a once in a lifetime opportunity. This Prime piece of farmland with a 74.1 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: A parcel of land located in the NW ¼ of Section 10, Twp 95N, Range 47W of the 5^th P.M., Sioux County, IA. –known as Parcel A in File 2012 –Card #3584 –subject to public roads and easements of record-containing 155.48 acres.

General Description: This highly productive high quality 155.48 +–acre tract of farmland has according to the Survey the farm has approx. 150.77 tillable acres including the waterway with the balance in road and ditch . This farm has a corn base of 113.8 acres with a direct yield of 98bu and a cc yield of 98bu. A soybean base of 36.7 acres and a direct yield of 43bu and a cc yield of 43bu. The predominant soil types include: 310B, 310B2, 310C2-Galva silty clay loam, 467-Radford, 91B-Primghar, 428B-Ely, 11B-Radford-Judson, 8B-Judson etc. This farm is classified as non-hel. The farm is not enrolled in the acre program. This farm has an average corn suitability rating of approx. 74.1. This farm is well managed and provides an excellent opportunity to anyone. This farm is tiled and has been well maintained. The farm will be sold based on surveyed acres. Buyer will receive ½ of the 2012 rent as a credit at closing. Call auctioneers for details.

Taxes: According to the Sioux County Treasurer, the current net Real Estate taxes are approximately $3216.00 per year. Seller will pay the real estate taxes thru fiscal year ending June 30, 2012 and taxes payable in September 2013 for taxes thru Dec. 31, 2012.

Method of sale: This tract of farmland will be offered as a 155.48 acre tract of farmland based on surveyed acres.

Possession: Possession of the farmland will be March 1, 2013.

Terms:  Purchaser(s) will be required to pay a non-refundable 15% 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 October 22, 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.

James H. Pickner –sellers attorney

Elizabeth Heuer 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 Jr.- Westra/Atkins–605-957-5222

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