IOWA FARMLAND AUCTION

TRENTON, IOWA
1 mile south of Trenton, Iowa on Franklin Avenue then ¾ mile east on 180th Street.
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TUESDAY, JANUARY 20, 2009 at 10:02 A.M.

THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER!

 

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160 ACRES, M/L COMBINATION FARM


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* Approximately 110 acres tillable with balance being timber. *
* FSA indicates approximately: 115 bushel corn yield with a 84.6 acre corn base. 27 bushel bean yield with a 13.7 acre bean base. *
* Corn suitability rating 64.1 *
* Soil types are Ladoga, Lindley-Keswick and Givin. *
* Section 12, Trenton Township, Henry County, Iowa. *

TERMS: 20% down payment on January 20, 2009. Balance to be paid on or
before February 20, 2009 upon delivery of merchantable abstract and deed.

POSSESSION: February 20, 2009.

REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Sellers shall pay any unpaid real estate taxes payable in prior years.

The following real estate taxes are approximate and will be used to prorate on day of closing.

Gross taxes: $1779.57
Ag. credit: $ 65.95
Family farm: $ 55.59
Net taxes: $1658.00

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

* It shall be the obligation of the buyers to report to the Henry County FSA office and show filed deed in order to receive all future government programs.

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

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

* 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: RICHARD AND MARY BETH YOUNG
Jeffrey D. Thomas of Bainter & Thomas Law Office - 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