September 23, 2008 - 80.16 Acres of Lyon County, IA Farmland

LYON COUNTY FARMLAND AUCTION

OF 80.16 ACRES OF LYON COUNTY FARMLAND

LOCATED IN SECTION 23, LOGAN TOWNSHIP

TUESDAY SEPTEMBER 23, 2008

SALE TIME: 10:30 A.M.

Auction signs will be posted !!

LOCATION: From Alvord, IA go 2 ½ miles West on Blktop A-34 then North 2 miles on Dogwood Ave. then ½ mile West on 190^th St.  

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

Auctioneers note: We are honored to have been asked to conduct this auction for the Iola Knobloch Heirs. This attractive piece of farmland offers many opportunities for anyone to add to their current operation or to be purchased as a great investment property!! Plan to see us sale day!! Thank You!!

Legal Description: The E ½ of the SW ¼ of Section 23, Logan Township, Township 99 North, Range 47 West of the 5^th P.M., Lyon County, IA. Subject to public roads and easements of record.

General Description: Selling will be 80.16 surveyed gross acres of farmland. According to the Lyon County FSA this farm contains 78.3 tillable acres with a corn base of 38.7 acres, a direct yield of 104 and a cc yield of 140. This farm contains a soybean base of 38.7 acres, a direct yield of 37 and a cc yield of 45. The predominant soil types include: 410B—Moody Silty Clay loam, 410C2—Moody Silty Clay loam, portions of Crofton Silt loam and Trent Silty Clay loam. This farm has an average corn suitability rating of 57.37. This is an inside tract of farmland with road on only one side. The farm is classified as hel and has workable terraces with a conservation plan in effect. This farm appears to be well managed and in a good state of productivity. This farm has been in the Knobloch family for many years and therefore offers a once in a lifetime opportunity! 

Taxes: According to the Lyon County Treasurer the current Real Estate Taxes are approximately $1056.00 per year. Seller will pay the 2008 taxes due and payable in the Spring and Fall installments of 2009. 

Possession: Possession of 80.16 acres will be given to the buyer(s) on March 1, 2009 due to current farm lease.

Method of Sale: 80.16 +/– acres 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 as follows 40% on December 30, 2008 and the remaining balance of 50% due and payable on January 2, 2009 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. Paul Kippley attorney for the sellers.

Website: www.vanzomrealtyauction.com

IOLA KNOBLOCH HEIRS—OWNERS

          AUCTIONEERS AND RE BROKERS

MARK ZOMER—712-470-2526

DARRELL VANDE VEGTE—712-726-3428

GARY VANDEN BERG—SALES—712-476-5843