October 21, 2008 - 160 Acres of Lyon County, IA Farmland -

LYON COUNTY FARMLAND AND PASTURE AT AUCTION—SOLD AS ONE TRACT

 160+/– Acres in Centennial Township

TUESDAY OCTOBER 21, 2008

SALE TIME: 10:30 A.M.

Auction signs will be posted !!

LOCATION: From Mickels Corner in Inwood, IA go 5 miles North on Hwy IA 182 then turn West on 190^th St. and go 2 ½ miles west

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

Auctioneers note: We are honored to have been asked to conduct this auction for the Vegge and Nelson families. This high quality piece of farmland and pasture offers many opportunities for anyone to add to their current operation or to be purchased as a great investment as this tract of farmland has been in the Vegge/Nelson family for many years!! If you are in the market for cropland and excellent pasture that has been well maintained with Rural Water currently in use, make plans today to view this tract of land. Plan to see us sale day!! Thank You!!

 Legal Description: 160 acres+/– located in the SW ¼ of Section 23, Centennial Plat, Township 99 North, Range 48 West, Lyon County, IA Subject to public roads and easements of record.

General Description: Selling at auction will be 160 +/– acres. According to the Lyon County FSA, this farm has 87.0 cropland tillable acres with a corn base of 52 acres and a direct yield of 107 bu and a cc yield of 107 bu. A Soybean base of 29.7 acres with a direct yield of 37 bu and a cc yield of 37 bu. The farm is classified as hel and will require an active conservation plan. The predominant soil types include: 410B2, 410C2—Moody Silty Clay Loam, 401D3—Crofton Moody Silty Clay Loam, 430—Ackmore Silty Clay Loam, 33F—Steinauer Silty Clay Loam and small portions of 910B. This farm on the tillable acres has a average corn suitability rating of approximately 51. The balance of approx. 73 acres of this farm is in highly productive pastureland, road etc. This farm would be perfect for the cow/calf operation as it currently has Rural water available and is a very well maintained pasture and also has 87+/- tillable crop acres. Parcels of land of this combination rarely come available so this truly presents a great opportunity!!

Taxes: According to the Lyon County Treasurer the current Real Estate Taxes are approximately $1,194.00 per year. Seller will pay the 2008 taxes due and payable in the Spring and Fall installments of 2009. 

Possession: Possession of the farmland will be March 1, 2009-subject to current farm lease.

Method of sale: This tract of farmland and pasture 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 5, 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. Lachlan Bonander attorney for the sellers.

Website: www.vanzomrealtyauction.com

VEGGE/NELSON-OWNERS

AUCTIONEERS AND RE BROKERS

MARK ZOMER—712-470-2526

DARRELL VANDE VEGTE—712-726-3428

GARY VANDEN BERG—SALES-712-476-5843