* 1 1/2 story home built in
1900 has approximately 1513 sq. ft. of living space.
* Main floor has kitchen, formal
dining room, large living room, master bedroom, bathroom, small den and
porch with hook up for washer and dryer.
* Two bedrooms with closets located
upstairs.
* Nice open front porch has vinyl
railing and maintenance free flooring.
* Partial basement with Lennox
Pulse II LP gas furnace.
* Central air on main level.
* Water supply is a drilled well.
* Septic tank.
* Outbuildings include 30'x54'
metal open machine shed, detached single car garage, barn and older set
of outbuildings.
* Winfield school district. * Winfield telephone. *
Alliant Energy electricity. |
TERMS: 20%
down payment on June 23, 2009. Balance on TRACT #1 to be paid on or before
July 23, 2009 upon delivery of merchantable abstract and deed. Balance on
TRACT #2 to be paid on or before August 21, 2009 upon delivery of merchantable
abstract and deed.
POSSESSION: TRACT #1: July 23, 2009 subject to the lease with the tenant.
(March 1, 2011)
TRACT #2: October 1, 2009.
REAL ESTATE TAXES: To be prorated to date of possession on the basis
of the last available tax statement. Seller shall also pay any unpaid real
estate taxes payable in prior years.
Reservations on Tract #1: All growing crops.
Inclusions on Tract #2: Range, refrigerator, dishwasher, freezer,
3 air conditioners
Reservations on Tract #2: Washer, dryer, all furniture and personal
property. Culligan water softener (leased) and LP gas tank is leased by
Prairie Ag.
Special Provisions:
~ This real estate is selling subject
to public road easements and all other easements of record.
~ If one buyer purchases both tracts the sellers shall only be obligated
to furnish one abstract and deed. Husband and wife constitute one buyer.
~ The buyer of Tract #1 shall be responsible for any desired fencing in
accordance with Iowa state law and the buyer of Tract #2 shall be responsible
for any desired perimeter fencing.
~ The tenant, David Richardson has a lease on the tillable land being sold
located in the E1/2 of the SW1/4 until March 1, 2011. The annual cash rent
of $9,923.94. On the day of closing the sellers shall reimburse the buyer
$4,961.97 for the March 1, 2009 payment. The $4961.97 payment due on November
1, 2009 shall be paid directly to the buyer from the tenant. Like payments
shall be made on the same dates in 2010.
~ It shall be the obligation of the buyer of Tract #1 to serve termination
prior to September 1, 2010 for the following year 2011 if he desires.
~ It shall be the obligation of the buyer of Tract #1 to report to the Louisa
County FSA office and show filed deed in order to participate/receive any
or all future government payments that he/she are entitled to receive while
lease with the tenant is still active.
~ The sellers shall not be obligated to furnish a survey of Tract #1.
~ Tract #2 has been surveyed by a registered land surveyor.
~ Due to Iowa's new Septic Tank Inspection Law the seller will bring the
system on Tract #2 up to code prior to closing.
~ On the day of closing the buyer of Tract #2 shall reimburse the seller
for the remaining gas in the LP gas tank at the current per gallon rate.
~ The tenant has the right to use the entrance on Tract #2 until the expiration
of the lease. (March 1, 2011)
~ If in the future a site clean up is required it shall be at the expense
of the buyer.
~ 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 "as is" condition and there are no expressed
or implied warranties pertaining to the same. |
