IOWA FARMLAND AUCTION

SALEM, IOWA
Located 1 1/4 mile southwest of SALEM, IOWA on Highway J20 (Salem Road).
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THURSDAY, NOVEMBER 13, 2008 AT 10:02 A.M.

THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER!

This Auction Features The Virtual Tour
 

Showing Thursday, October 30th from 1:00 P.M. to 2:00 P.M.

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39 ACRES, M/L CORN AND SOYBEAN LAND


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Auction Brochure

* FSA information: 33.6 acres tillable. *
*
118 bushel corn yield with a 10.8 acre corn base. *
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26 bushel bean yield with a 8.8 acre bean base. *
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37 bushel wheat yield with a 8.3 acre wheat base. *
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72 bushel grain sorghum with a 0.5 acre grain sorghum base. *
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Corn suitability rating is 33.4 *
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Majority type soils are Galland and Weller. *
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Section 27, Salem Township, Henry County, Iowa. *

TERMS: 20% down payment on November 13, 2008. Balance to be paid on or before January 5, 2009 upon delivery of merchantable abstract and deed.
POSSESSION:
January 5, 2009.
REAL ESTATE TAXES:
To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

The following real estate taxes will be used to prorate at closing:
Gross taxes: $363.43
Ag. credit: $ 13.49
Net taxes: $348.00

SPECIAL PROVISIONS:

*This real estate is selling subject to public road easements and all other easements of record.

*The buyers shall be responsible for any desired fencing in accordance with Iowa state law.

*The sellers shall not be obligated to furnish a survey.

*The buyers shall be responsible to report to the Henry County FSA office and show filed deed in order to participate in any future government programs.

*If in the future a site clean up is required it shall be at the expense of the buyers.

*The buyers acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyers are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

Owners: KEITH A. AND OPAL F. KORESKO
Steven P. Swanson of Schulte, Hahn, Swanson, Engler & Gordon - Attorney for Sellers

 
Richard Realty & Auction, Inc.
605 East Winfield Avenue, Mt. Pleasant, Iowa
319-385-2000
Lynn Richard ~ Chris Richard ~ Jim Huff ~ Jason Denning ~ Lee Pennebaker

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Richard Realty & Auction, Inc.

605 East Winfield Ave., Mt. Pleasant, IA
319-385-2000
www.richardrealtyauction.com