Saturday Oct 24, 2015--148.02 Acres of Lyon County, IA. Farmland and a 6.53 Acre Acreage site--Donald J. Ver Hoeven Revocable Trust-owners--

Upcoming Public Prime Lyon County, IA. Farmland & Acreage Auction

Of 148.02 acres of Lyon County, IA. Farmland & 6.53 Acre Acreage site

with the option to add 3.64 Acres to the Acreage site

Saturday October 24, 2015 @ 10:30 A.M.

Location: 1870 230^th St. Inwood, IA. or from the new Oak Street Station in Inwood, IA. go 1 mile north on Blktop 182 to 230^th St. then go approx. ¾ east to acreage site and farmland-Acreage is located on then north side of the road

Auctioneers Note: We are honored to have been asked to conduct this auction for the Ver Hoeven Family. This is an outstanding tract of farmland and one of the area’s highest producing farms. Also on this auction will be a 6.53 acre acreage site with an option to purchase an additional 3.64 acres. Make plans today to Attend-Auction signs will be posted!

Legal description of Tract 1-farmland: Parcel C and Option of Parcel B in the SE ¼ of Section 8-98-47, Lyon County, IA. Recorded in Book 18 at Page 57 at the Office of the Recorder –Lyon County, IA. -subject to public roads and easements of record.

General description of Tract 1-farmland: This outstanding 148.02 acre tract of farmland according to Lyon County FSA contains 146.44 tillable acres with the balance in road and ditch. This farm has a corn base of 72.10 acres with a PLC  yield of 187 bu. A soybean base of 72.10 acres with a PLC yield of 54 bu.  The predominant soil types include: 410, 410B, 410B2,—Moody, 910, 910B-Trent and 31-Afton. This farm has an average CSR2 rating of 73.4 and an average CSR 1 rating of 68.3. This is a very desirable farm and has been well managed and is in a good state of productivity. A portion of this farm has been tiled. This farm is classified as non-hel. The successful bidder on the acreage site has the option to purchase an additional 3.64 acres. If they do not desire the additional acres they will remain part of the farmland tract.  Make plans today to attend this auction! Here is your opportunity to own one of Lyon County’s PRIME tracts of farmland. This farm is available to farm for the 2016 crop year.

Legal description of Tract 2-acreage site: Parcels A & Option of Parcel B in the SE ¼ of Section 8-98-47 Lyon County, IA. –Recorded in Book 18 at Page 57 at the Office of the Lyon County Recorder–subject to public roads and easements of record.

General description of Tract 2-acreage site: This acreage consists of a 2 story, 5 bedroom home.  The main floor of this home boasts a nice large kitchen and dining room, large living room, main floor master bedroom and full bathroom, and main floor laundry.  The upstairs consists of 4 bedrooms (1 bedroom has 6 x 6 walk out deck). The basement is a full basement which includes a bathroom. The home has a propane forced air furnace- new in 1999 and central a/c. The exterior of the home is aluminum siding and asphalt shingles. The outbuildings include:  40 x 72 machine shed with 12 x 12 overhead door, 26 x 36 open front shed, 42 x 60 barn and several other outbuildings which are situated on 6.53 acres.  The successful bidder of the acreage site will have the option to purchase an additional 3.64 acres at the same price which the farmland is sold for. If the successful bidder does not take the additional 3.64 acres it will remain with the farmland tract.  Due to this being an estate, this property is exempt from a septic inspection. There is a well on the property currently not in use. This property is serviced by Lyon –Sioux Rural Water and Lyon REC. This acreage is located approx. 1 ½ miles northeast of Inwood, IA. This property has been owned by this family since the 1960’s and therefore offers an excellent opportunity to purchase a well located acreage close to town and some of Lyon County, Iowa’s top producing farmland. If you are thinking of living in the country or want to raise livestock or expand you current operation –this acreage site offers many opportunities. Note: Tenant will have the right to remove bean and corn stubble.

Open Houses: Open house will be held on Saturday Oct 3, 2015 from 1:30 to 3:00 P.M, and Sat Oct. 10, 2015 from 10:00 A.M. to 12:00 P.M. or by appointment by contacting one of the agents listed below.

Method of Sale: Offered will be Tract 1 – 148.02 acres of farmland and then Tract 2 — 6.53 Acre Acreage site. Note: Buyer of Tract 2 (acreage site) will have the Option after Tract 1 and Tract 2 are sold to purchase 3.64 Acres (Parcel B) located east of the Acreage site for the same price per acre as the Tract 1 (farmland) sold for. If the buyer of the acreage site does not exercise the option to buy the 3.64 acres –the 3.64 acres will be sold with the farmland for the same price per acre that the farmland was sold for

Real Estate Taxes: According to the Lyon County Treasurer, the current net Real Estate taxes on the farmland and acreage site are combined and are approximately $5224.00 per year. Seller will pay all real estate taxes which would become delinquent if not paid by Sept. 30, 2016, as well as all prior taxes.

Possession of Farmland/Acreage site: Possession of the Farmland will be given on March 1, 2016 and possession of the acreage will be closing day Dec. 11, 2015.

Terms: Purchaser(s) will be required to pay a non-refundable 15% of the purchase price immediately following the auction on the farmland and $25,000.00 non refundable down payment on the acreage site and also agree to enter into a purchase agreements with the remaining balances due and payable on closing day on or before December 11, 2015 when the buyer shall receive a clear and merchantable titles to the properties. This 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 data provided. No warranties are expressed or implied. All FSA information is according to the Lyon County FSA. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This land and acreage are being sold subject to the confirmation of the trustee. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact the agents listed below.

Donald J. Ver Hoeven Revocable Trust–owners

Peoples Bank Wealth Management Group—Rock Valley, IA.—Brad Van Heuvelen—Trustee

Don Klein –Attorney for Sellers

Auctioneers and RE Brokers:

Mark Zomer-712-470-2526–Darrell Vande Vegte-712-726-3428—Gary Van Den Berg—sales-712-470-2068

Joel Westra-605-310-6941 — Joel Westra Jr. -605-957-5222–Pete Atkins 605-351-9847