November 11, 2008 - 144.18 Acres of Lyon County, IA Farmland

LAND AUCTION

OF 144.18 ACRES OF LYON COUNTY, IOWA FARMLAND

LOCATED SOUTH EDGE OF BELOIT, IOWA

TUESDAY NOVEMBER 11, 2008

SALE TIME: 10:30 A.M.

**AUCTION TO BE HELD AT SITE OF LAND**

AUCTION SIGNS WILL BE POSTED

GENERAL DESCRIPTION:

Selling will be 144.18 surveyed acres of inside farmland. 6 acres lie East of the railroad track and 138.18 acres lying West of the Railroad tract. According to the Lyon County FSA this farm contains 143.9 acres of cropland with a corn base of 36.1 acres with a direct yield of 87 bushels and a cc yield of 108 bushels. Soybean base of 107.8 acres with a direct yield of 35 bushels and a cc yield of 42 bushels. Land is classified as Non-HEL and contains no wet lands. Estimated average C.S.R. is 67. Soil types are mainly  Benclare Silty Clay Loam associated with Dempster Silt Loam. This farm lies very level and appears to be well managed and is in a good state of productivity.

LEGAL DESCRIPTION:

E ½ NE ¼ except railroad and E 685’ of NW ¼ of the NE ¼ and the NE 7.55 acres of government Lot 2 in Section 36, Lyon Township 98N, Range 49 West of the 5^th P.M. and E 605’ of South part of Government Lot 4 and Beloit out Lots 13-18 incl and out lot 26 in Section 25, Lyon Township 98N, Range 49 West of the 4^th P.M. Lyon County, Iowa. Subject to public road and easements of record.

TAXES:

According to the Lyon County Treasurer, the current Real Estate Taxes are approximately $2,212.00 per year. Seller will pay the 2008 taxes due and payable in the Spring and Fall installments of 2009

POSSESSION:

Possession of 144.18 acres will be given to the buyer(s) on December 11, 2008

METHOD OF SALE:

144.18 +/– acres will be sold as one unit

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 December 11, 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 maps, soil maps and auction booklets are available upon request. The land sold subject to the confirmation of the sellers. 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. Paul Kippley is the attorney for the sellers.

SHERMAN A. AND KATHRYN A. GARDNER, OWNERS

AUCTIONEERS AND REAL ESTATE BROKERS

DARRELL VANDE VEGTE –DOON, IA-712-726-3428

MARK ZOMER-ROCK VALLEY, IA-712-470-2526

SALES—GARY VANDEN BERG—712-476-5843