March 16, 2012 - 176.53 Acres of Sioux County, IA Farmland -

Prime 176.53  acres of

SIOUX COUNTY IA. SIOUX TWP FARMLAND CONSISTING OF

TRACT 1—135.87 ACRES OF FARMLAND—

TRACT 2 –40.66 ACRES OF PASTURE/HUNTING LAND

TO BE SOLD AT PUBLIC AUCTION

FRIDAY MARCH 16, 2012—Sale time: 10:30 A.M.

LOCATION: From Pump n Pak in Rock Valley, IA. go 2 miles West on Hwy 18 to Dove Ave. /Blktop K-24 –then go approx. ½ mile South to beginning of land.

Auctioneers note: We are honored to have been asked and appreciate the opportunity to offer at public auction these tracts of farmland/pasture land and hunting land for Collenbaugh family. This attractive farm has been in this family for many years and presents a once in a lifetime opportunity. This farm 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 farmland and great hunting land along the Rock River in Northwest Iowa.

LEGAL DESCRIPTION OF TRACT 1: Parcel C—-a parcel of land located in Section 25, Twp 97N, Range 47W of the 5^th P.M. Sioux County, IA. EXCEPT Parcels E and F–subject to public roads and easements of record.  

GENERAL DESCRIPTION OF TRACT 1: This tract contains 135.87 +/-acres and has according to the Sioux County FSA 116 tillable acres with the balance in road and CRP. This farm has approx. 7 acres of CRP enrolled in the CRP program until 9-30-2014 with a payment of $160.50 per acre. This farm has a corn base and soybean base combined with another tract of land. The predominant soil types include: 485-Spillville loam, 486-Davis loam, 474, 474B-Bolan loam, 308-Wadena, 259-Biscay loam, 108B-Wadena loam and 133-Colo. This farm is classified as non-HEL. This farm has an average corn suitability rating of approx 65.1 on the tillable acres. This farm is farmed in 2 separate tracts. This farm is not enrolled in the acre program. This farm is well maintained and managed and provides an excellent opportunity to anyone.

LEGAL DESCRIPTION OF TRACT 2: Parcel F—a parcel of land  located in the NE ¼ of Section 25, Twp 97N, Range 47W of the 5^th P.M. Sioux County, IA. –. subject to public roads and easements of record.  

GENERAL DESCRIPTION OF TRACT 2: This tract contains 40.66+/-acres and has according to the Sioux County FSA approx. 13.8 CRP acres with an annual payment of $160.50 per acre. CRP acres are enrolled until 9-30-2014. This tract also consists of approx 12 acres of pasture with the balance in trees/river. For access to this property—the owner of Parcel C will grant an easement from the driveway located on the Northeast corner of Parcel C. If you are looking for some prime hunting land or pasture land located along the scenic Rock river within 2 ½ miles of Rock Valley, IA. –this is your opportunity!!

TAXES: According to the Sioux County Treasurer, the current net Real Estate taxes for Tracts 1 and 2 combined are approximately $2222.00 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: These tracts will be offered separately and will not be combined.

POSSESSION: Possession of Tracts 1 & 2 will be day of auction.

Terms for Tracts 1, 2 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 April 13, 2012 when the buyer shall receive a clear and merchantable title to the property. These farms are 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. Buyers agree to accommodate sellers with a 1031 exchange with 1031 expense being the sellers expense. 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.

Collenbaugh Family –owners

AUCTIONEERS AND RE BROKERS

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

Gary Vanden Berg-sales–712-476-5843

Joel Westra–605-310-6941     Pete Atkins–605-351-9847