November 14, 2007 - 146.81 Acres of Lyon County, IA Farmland - Sold for $6,150.00

LAND AUCTION

OF 146.81 ACRES OF PRODUCTIVE LYON COUNTY, IA FARM LAND

LOCATED ON THE SOUTH EDGE OF ROCK RAPIDS, IA ON HIGHWAY 75 OR LYING ADJACENT TO THE SOUTH AND WEST OF THE ROCK RAPIDS HEALTH CENTER.

WEDNESDAY, NOVEMBER 14

SALE TIME – 10:30 A.M.

SALE HELD AT THE LOCATION OF THE LAND

GENERAL DESCRIPTION: 146.81 surveyed acres of farmland lying west and adjacent to Highway 75.  This tract has the location for developers, investors, contractors and entrepreneurs, as well as for cropland.

Estimates from Lyon County F.S.A. shows 142.4 acres of cropland with 71.5 acres corn base, direct yield of 109 bushels and CC yield of 140 bushels.70.9 soybean base, direct yield of 37 bushels and CC yield of 44 bushels.  Presently the Northwest corner of this tract shows HEL with a conservation plan of grassed waterway, contour farming, crop rotation, field border and conservation tillage.  Soil types are Moody Silty Clay Loam associated with Egan Silty Clay Loam and Marcus Silty Clay Loam.  Estimated C.S.R. average is 61. 

LEGAL DESCRIPTION:  Parcel C and  Parcel D of the SE ¼ of Section 5, Rock Township 99 North, Range 45 West of the 5^th P.M.  Lyon County, IA. Subject to public road and easements of record.

REAL ESTATE TAXES:  Sellers will pay the 2007 real estate taxes that are due and payable in the Spring and Fall installments of 2008.  Current real estate taxes are $2,312.00 for a full year.

POSSESSION:  March 1, 2008.

METHOD OF SALE:  This tract will be sold as 146.81 acres.

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 purchaser agreement with the remaining balance due and payable on closing day of January 2, 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 and soil maps are available upon request. Land sold subject to confirmation of seller.  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.  Hess Roorda is the attorney for the sellers.

 MOLLY (WUBBENA) LANGRIDGE, OWNER

AUCTIONEERS AND REAL ESTATE BROKERS:

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

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

SALES~GARY VAN DEN BERG~712-470-2068

www.vanzomrealtyauction.com