Sold

Oct 29-2013--223.68 acres of Liberal Twp., Lyon County IA Farmland--John and Margaret Snuttjer Heirs-owners-Tract 1 sold for $13,700.00, Tract 2-$13,800.00, Tract 3-$15,800.00

Live Auction

Auction Date: October 29, 2013 - 11:00 am

George, IA 51237, USA

George

Lyon County

Lot Size:

223.68 acres

223.68 acres of Liberal Twp -High Quality Lyon County IA Farmland

To be sold in 3 separate Tracts

Tuesday October 29, 2013—Sale time: 10:30 A.M.

Auction held at location of Tract 3:

Location of Tracts 1 & 2-From Jurrens funeral home in George IA go approx. ¼ mile North to South edge of Tract 1. Tract 2 located adjacent to Tract 1- Both Tracts 1 & 2 are located along Blktop L-14/Kennedy Ave. Location of Tract 3: from Jurrens funeral home in George IA go 4 miles West on Blktop A-34/210^th St. to Ironwood Ave. then go approx. ½ mile North to beginning of land. Auction signs will be posted! All tracts will be sold at the site of Tract 3.

Auctioneers note: We are honored to present these high quality farms some of which are owned by the Snuttjer Family for approx 100+ years. If you are looking for some prime highly productive Lyon County, IA. Farmland-make plans today to attend to add 1 or all of these farms to your current farming operation or investment portfolio.

Abbreviated Legal Description of Tract 1: Parcel D located in the SW ¼ of Section 36, Twp 99N, Range 44W of the 5^th P.M. according to survey recorded in Book 17, Page 47, Filed 7-23-2013, Lyon County, IA. -subject to public roads and easements of record.

General Description of Tract 1: This highly productive high quality 71.84+–acre tract of farmland has approx. 70.12 tillable acres with the balance in road and ditch. This farm is nearly all tillable. This farm has a corn base that is combined with Tract 2 which is a 71.8 acre corn base with a direct yield and cc yield of 107bu. A soybean base of 28.4 acres and a direct yield and cc yield of 34bu. The predominant soil types include: 310B-Galva, 91, 91B-Primghar and 92-Marcus. The topography of this farm is nearly level with 0 to 5% slopes. This farm is classified as non-hel. This highly productive well managed farm has a CSR rating of 68.9. If you are looking for a productive farm –make plans today to attend and add to your current operation.

Abbreviated Legal Description of Tract 2: Parcel C in the W ½ of Section 36, Twp 99N, Range 44W of the 5^th P.M. according to survey recorded in Book 17, Page 47, Filed 7-23-2013, Lyon County, IA. – subject to public roads and easements of record.

General Description of Tract 2: This highly productive high quality 71.84+–acre tract of farmland has approx. 70.88 tillable acres with the balance in road and ditch. This farm is nearly all tillable. This farm has a corn base that is combined with Tract 1 which is a 71.8 acre corn base with a direct yield and cc yield of 107bu. A soybean base of 28.4 acres and a direct yield and cc yield of 34bu. The predominant soil types include: 310B-Galva, 91, 91B-Primghar and a small portion of 33C-Steinhauer. The topography of this farm is nearly level to gently rolling with 0 to 9% slopes. This farm is currently classified as non-hel. This highly productive well managed farm has a CSR rating of 67.7. If you are looking for a productive farm –make plans today to attend and add to your current operation.

Abbreviated Legal Description of Tract 3: The W ½ of the NW ¼ of Section 32, Twp 99N, Range 44W of the 5^th P.M. Lyon County, IA. -subject to public roads and easements of record.

General Description of Tract 3: This highly productive high quality 80+–acre tract of farmland has approx. 76.47 tillable acres with the balance in road and ditch. This farm has a corn base of 38.4 acres with a direct yield of 111bu and cc yield of 146bu. A soybean base of 38.1 acres and a direct yield of 41 bu and cc yield of 50bu. The predominant soil types include: 310B, 310B2-Galva, 91, 91B-Primghar, 133-Colo and small portion of 32-Spicer. This highly productive well managed farm has a CSR rating of 69. This farm is classified as non-hel. The topography of this farm is nearly level to gently rolling. If you are looking for a productive farm –make plans today to attend and add to your current operation.

Taxes: According to the Lyon County Treasurer, Taxes on tract 1 are $2012.00 per year. Taxes on Tract 2 are $1970.00 per year and Tract 3 taxes are $2240.00 per year. Seller will pay the 2013 taxes which are payable in the Spring and Fall installments of 2014.

Method of sale: Tract 1 will be offered, then Tract 2 will be offered, then Tract 3 will be offered. Each tract will be offered separate and will remain separate and will not be combined.

Possession: Possession will be March 1, 2014 due to current 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 due and payable on closing day on or before December 27, 2013when 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. Tracts 1 & 2 subject to court approval for estate. If any additional information is requested, please contact the agents listed below. Auctioneers and Real Estate agents are representing the sellers.

John and Margaret Snuttjer Heirs—owners

Mike Austin–attorney for sellers.