October 26, 2013--35.10 acres of Prime Lyon County IA Farmland plus a 4.9 acre acreage site at auction--Norm and Connie Rentschler--owners

Upcoming Farmland/Acreage Auction

Of 35.10 acres of Prime Lyon County, IA. – Logan Twp Farmland

and Outstanding 4.9 acre Acreage site with Grand 2 story home

Saturday October 26, 2013

Sale time: 11:00 A.M.

Location: 2021 Cleveland Ave. Inwood, IA. or from Lil Chubs in Inwood, IA. go 3 miles North on Hwy 182/Chestnut Ave. to 210^th St. Blktop A-34 then go 1 mile east to Cleveland Ave. then go approx. ¾ miles North on Cleveland Ave. to acreage site. Auction signs will be posted!

Auctioneers note: We are honored to have been asked to conduct this auction for Norm and Connie. Featured on this auction will be an outstanding acreage site plus some excellent productive farmland. This property has been in the Rentschler family for many years. Make plans today to attend!!

Abbreviated Legal Description of Tract 1: Parcel F located in the NE ¼ of Section 32, Twp 99N, Range 47W of the 5^th P.M. Lyon County, IA. –subject to public roads and easements of record.

General Description of Tract 1: This highly productive high quality 35.10 +–acre tract of farmland has approx. 32.25 tillable acres with the balance in road, ditch and small waterway. This farm has a corn base of 23.1 acres with a direct yield of 104bu and a cc yield of 104bu. A soybean base of 7.9 acres and a direct yield of 37bu and a cc yield of 37bu. The predominant soil types include: 410B, 410B2, 410C2-Moody, 910-Trent and 133-Colo. This farm is classified as non -hel. The farm is enrolled in the acre program. The CSR rating is approx. 65.6. If buyer desires additional field driveway access, this will be buyer’s expense. 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, the current net Real Estate taxes are approximately $1348.00 per year total for Tracts 1 and 2. Seller will pay the 2013 real estate taxes which are payable in the Spring and Fall installments of 2014.

Method of sale for Tracts 1&2: Tract 1 will be offered as a 35.10 acre tract of farmland based on surveyed acres. Tract 2 will be offered as a 4.9 acre acreage site. Tracts1 and 2 will not be combined.

Legal Description for Tract 2: Abbreviated—Parcel G located in the NE ¼ of Section 32, Twp 99N, Range 47W of the 5^th P.M. Lyon County, IA.- sold subject to public roads and easements of record.

General Description of Tract 2: This acreage site features 4.9 acres and is located only ¾ of a mile off of a hard surface road Northeast of Inwood, IA. This acreage features a 2 story home built in 1922 with approx. 1518 total sq ft. The main level features kitchen, large formal dining room, living room, bedroom ½ baths and a main floor laundry. The upstairs includes 3 large bedrooms w/large closets, full remodeled bath w/heated tile floors. This home has a full unfinished basement. This home has been repainted in 2013 and also had new asphalt shingles in 2013. This home has several updated windows. This home will include all appliances. The outbuildings include: 24 x 72 garage/storage building, 24 x 36 machine shed, 22 x 22 shed and approx. 40 x 80 wood quanset building. This home is on Lyon Sioux Rural Water. This acreage is located in the West Lyon School District and is located approx. 3 ¼ miles from the West Lyon School. The seller has installed a new septic system in 2013 according to Iowa code. This home has central a/c and electric heat pump with backup propane which was replaced in 2010. The property includes a 1000 gallon propane tank.

Open house: Open house will be held on the acreage site on Saturday Oct. 5, 2013 from 10:30 A.M. to 12:30 P.M. and also on Thursday Oct 10 from 5:30 to 7:00 P.M or by appointment by contacting one of the agents listed below.

Possession of Tract 1: Possession of the farmland will be when current crops are harvested.

Possession of (Tract 2): Possession of acreage site will be on closing day-Dec. 6, 2013.

Terms for Tracts 1 & 2:  Purchaser(s) will be required to pay a non-refundable 10% of the purchase price on Tract 1 and on Tract 2 buyer will be required to pay a non-refundable $15,000.00 of 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 Dec 6 2013 when the buyer shall receive a clear and merchantable title to the property. The farm/and acreage site are 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. If any additional information is requested, please contact the agents listed below. Auctioneers and Real Estate agents are representing the sellers.

Norm and Connie Rentschler—owners

Maureen McGill-Hoogeveen –attorney for sellers

Auctioneers:

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Gary Van Den Berg-sales-712-470-2068

Rick Childress-605-261-3208

Joel Westra—605-310-6941

Pete Atkins: 605-351-9847

Joel Westra-605-357-5222

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