November 10, 2009 - 120 Acres of Lyon County, IA Farmland

Prime Lyon County Farmland

OF APPROX. 120 +/– ACRES OF ALLISON TWP. HIGHLY PRODUCTIVE FARMLAND

TUESDAY NOVEMBER 10, 2009—

SALE TIME: 10:30 A.M.

LOCATION: From Pump n Pak in Lester IA go 4 miles East on Highway 9 to Fir Ave then go North on Fir Ave to 130^th St, Then go East ½ mile on 130^th St. to Start of land on North side of road.

AUCTIONEERS NOTE: We are honored to have been asked and appreciate the opportunity to offer at public auction this outstanding prime 120 +/–acre tract of farmland for the Herb Vande Kop Heirs. This attractive tract of farmland would make an excellent addition to anyone’s current farming operation or would make a great investment! Don’t miss this high quality high producing farm!

LEGAL DESCRIPTION: The SE ¼ of Section 23, Township 100 North, Range 46 West of the 5^th P.M., Lyon County, Iowa, except the NE ¼ of SE ¼ and except Lot 1.

GENERAL DESCRIPTION: This highly productive 120 +/-acre tract of farmland would make an excellent opportunity. According to the Lyon County FSA, this farm has 116.3 tillable acres with the balance in road and ditch, and waterway. This farm has a corn base of 53 acres with a direct yield of 104 bu and a cc yield of 123 bu. Also, this tract of land has a soybean base of 51.4 acres with a direct yield of 34 bu and cc yield of 40 bu. The predominant soil types include 411B, 411B2 Egan silty clay, 910,910B Trent  silty clay loam, a small portion of 31 Afton, and a small portion of 733 Calco. This farm is classified as non-hel. This farm has some tile along waterway. This farm has an average corn suitability rating of approximately 67.73 This farm is well maintained and managed and a good producer and provides an excellent opportunity to anyone.

TAXES: According to the Lyon County Treasurer, the current net Real Estate taxes are approximately $2490.00 per year. Seller will pay all 2009 taxes payable in 2010.

METHOD OF SALE: This tract of farmland will be offered as one 120 +/– acre tract.

POSSESSION: Possession of the farmland will be March 1, 2010, due to current farm lease.

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 payable as follows; 40% of purchase price due on Dec 28, 2009, and the remaining 50% due on Jan 4, 2010 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.

See our website—www.vanzomrealtyauction.com

Herb Vande Kop Heirs –owners

           Jim Haberkorn—sellers attorney                                                    

Auctioneers and RE Brokers

Mark Zomer –712-470-2526

Darrell Vande Vegte—712-726-3428

Gary Vanden Berg Sales 712-476-5843