Unreserved! LAND AUCTION
100 ACRES M/L TILLABLE & PASTURE GROUND ~ SELLS IN ONE TRACT

NEW LONDON, IOWA
Located ½ mile west of New London on 260th Street (Old Hwy 34) then ½ mile north on Oasis Avenue.
Click Here For Map Location from Mapquest

TUESDAY, SEPTEMBER 28, 2010 AT 10:02 AM

THIS LAND SELLS POSITIVELY TO THE HIGHEST BIDDER!!


100 ACRES, M/L TILLABLE & PASTURE GROUND

This Auction Features The Virtual Tour
 

< Click Here > For Day Of Auction Contract


All lines and boundaries are approximate

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100 ACRES, M/L TILLABLE & PASTURE GROUND


~
FSA Info:73.2 acres tillable of which 2.2 acres are in CRP at $147.36, expires 9-30-12.
~ Corn suitability rating on entire farm is 71
~ Majority soils are Hedrick, Mahaska & Gara-Armstrong.
~ 133 bushel corn yield with a 39 acre corn base.
~ 31 bushel bean yield with a 32 acre bean base.
~ Located in Section 22, New London Township, Henry County, Iowa.

TERMS: 20% down payment on September 28, 2010. Balance to be paid on or before October 28, 2010 upon delivery of merchantable abstract and deed.
POSSESSION:
October 28, 2010.(Subject to lease with tenants)
REAL ESTATE TAXES:
To be prorated to date of possession on the basis of the last available tax statement. Seller will pay any unpaid real estate taxes payable in prior years.


Taxes:
Gross: $1,808.52
Ag Credit: ($78.29)
Net: $1730.00 rounded

RESERVATIONS: All growing crops, waterers & feeders


SPECIAL PROVISIONS:
~ This real estate is selling subject to public road easements and all other easements of record.
~ Termination has been served to the tenant on the tillable land, Mark Fitzpatrick. The buyer will have fall tillage privileges upon completion of the harvest of the 2010 crops.
~ Termination has been served to the tenant on the pasture land, Darrell Kolkman effective August 2010. All livestock will be removed from the premises on or before September 19, 2010.
~ It shall be the obligation of the buyer to report to the Henry County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. Prorata share of the CRP.
~ The annual CRP payment: 2.2 acres x $147.36 = $324.00 expires 9-30-12.
~ The sellers shall not be obligated to furnish a survey.
~ The buyer shall be responsible for any fencing in accordance with Iowa state law.
~ If in the future a site clean up is required it shall be at the expense of the buyer.
~ The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer is buying this real estate in its ¡§as is¡¨ condition and there are no expressed or implied warranties pertaining to the same.

Owners: Donald J. Bell Estate & Robert L. Hansen
Timothy B. Liechty - Attorney

  
Richard Realty & Auction, Inc.
605 East Winfield Avenue, Mt. Pleasant, Iowa
319-385-2000
Lynn Richard ~ Chris Richard ~ Jason Denning ~ Missy Allen
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