September 18, 2007 - 249.35 Acres of Lyon County, IA Farmland - Sold for $7,000.00

UPCOMING PUBLIC AUCTION

OF 249.35 ACRES OF

PRIME LYON COUNTY, IA FARMLAND

TUESDAY –SEPTEMBER 18, 2007

SALE TIME–10:30 A.M

 **Auction signs will be posted**

LOCATION: From Mickels Corner in Inwood, Ia. go approx. ½ to 1 mile East on 240^th St.

**Auction to be held at the site of land**

 Auctioneers note: We are honored to have been asked to conduct this auction for the Gertrude Blankespoor family. If you are looking for a prime piece of Lyon County, Ia. farmland—Don’t miss this opportunity!! This parcel of land has been in the Blankespoor family for many years and is truly a once in a lifetime opportunity.

Legal Description: Parcel K located in the E ½ of Section 20, Township 98 North, Range 47 West of the 5^th P.M. Lyon County, Iowa and Parcel J located in the N ½ of Section 20, Township 98 North, Range 47 West of the 5^th P.M. Lyon County, Iowa except Parcel C. Sold subject to public road and Rural Water and gas line easement and any other easements or utility easements of record. The farm has been surveyed and copy of plat is available upon request.

General Description: This tract of farmland consists of 249.35 acres and the predominant soil types of this tract include Moody silty clay loam, Ackmore silty clay loam and a portion of Afton silty clay loam. This tract has an average CSR rating of 58. According to the Lyon County FSA there is 239.3 acres of cropland with a corn base of 149.6 and direct yield of 104 and a cc yield of 104. This tract has a soybean base of 87.7 with a direct yield of 40 and a cc yield of 40. This farm is classified as hel and has a conservation plan in effect consisting of crop rotation, contouring and approximately 10,000 ft of workable terraces. The farm is also tiled. The topography of the farm is gently rolling. This is an outstanding piece of land in Lyon County, Ia. located close to a hard surface road and appears to be in a great state of productivity. If you are looking for an investment or an addition to your current farming operation–Don’t miss this opportunity!!

Taxes: According to the Lyon County Treasurer the current Real Estate Taxes are $3252.00 per year. Seller will pay the 2007 taxes due and payable in the Spring and Fall installments of 2008.

Possession: Possession of Farmland will be given to the buyer(s) once current crops are harvested.

Method of Sale: This tract will be sold as a 249.35 acre tract.

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 as follows: 40% due on December 27,2007 and the remaining 50% due on January 3, 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. If any additional information is requested please contact the agents listed below. Sold subject to court approval and confirmation of the sellers. Vande Vegte and Zomer Realty and Auction Inc. are agents for the sellers. Don Klein attorney for sellers. 

 www.vanzomrealtyauction.com

GERTRUDE BLANKESPOOR ESTATE —OWNERS

 AUCTIONEERS AND RE BROKERS

MARK ZOMER-712-470-2526

DARRELL VANDE VEGTE-712-726-3428

GARY VANDEN BERG—SALES—712-476-5843