TERMS: 20%
down payment on September 16, 2010. Balance to be paid on or before October
14, 2010 upon delivery of merchantable abstract and deed.
POSSESSION ON ALL TRACTS: October 14, 2010. (Tracts #1 & #2 are
subject to tenant's lease.)
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 taxes are approximate and will be
used to prorate at closing.
Tract #1: Gross:
$882.00
Ag Credit: ($21.56)
Net: $860.00 (rounded)
Tract #2: Gross:
$920.00
Ag Credit: ($22.46)
F. Farm Credit: ($20.95)
Net: $877.00 (rounded)
Tract #3: Gross:
$1252.00
Homestead Credit: ($83.00)
Ag Credit: ($3.73)
Net: $1165.00 (rounded)
Tract #3 Assessed Value:
$93,678.00
INCLUSIONS: Tract
#3: Refrigerator, Stove & dishwasher in kitchen, 1000 gallon LP tank,
any remaining hay in the barn.
RESERVATIONS: Tract
#3: Water softener system, All personal property.
Tracts #1 & #2: All growing crops.
SPECIAL PROVISIONS:
~ The tenant on Tract #1,
David Getchell will have the right of ingress & egress through Tract
#3 for the crop removal the fall of 2010.
~ Fence agreement on Tract #1: the north fence, east half is the neighbors
responsibility, the west half is the new buyers responsibility. The WEST
fence line is according to Iowa law.
~ Fence agreement on Tract #2: New owner shall be responsible for all fencing
along the roadways. On the west fence line, the new owner shall be responsible
for the south ½ with the neighbor being responsible for the north
½. On the south fence line, the new owner shall be responsible for
the east ½ with the neighbor being responsible for the west ½.
Concerning the east fence line, the new owner shall be responsible for the
north ½ of the fence along the property owned by Joe Eberhardt and
the Eberhardt's are responsible for the south ½ of the fence on their
property. The new owner shall be responsible for the north ½ of the
fence along the property owned by Don Thomson and the Thomson's are responsible
for the south ½ of the fence on their property.
~ The buyer of Tract #1 will be responsible to install a culvert for the
purpose of ingress & egress.
~ The tenant on the pasture on Tract #2, David Eberhardt has possession
until December 1, 2010.
~ The tenant, David Getchell on the tillable ground for Tracts #1 &
#2 will give fall tillage rights upon completion of the harvest of the 2010
crops.
~ It shall be the obligation of the buyer(s) of Tracts #1 & #2 to report
to the Des Moines County FSA office and show filed deeds in order to receive
the following if applicable: A. Allotted base acres. B. Any future government
programs.
~ The seller(s) shall not be responsible for surveying Tracts #1 or #2.
~ Tract #3 has been surveyed by a registered land surveyor.
~ The septic system on Tract #3 was inspected on 10-1-09. Due to this being
an estate, the seller will be exempt from all Iowa septic system laws. Any
future inspections, upgrades, repairs or maintenance to the septic system
will be at the buyer's expense in accordance with Des Moines County &
Iowa Laws & regulations.
~ If one buyer purchases more than one tract the sellers shall only be obligated
to furnish one abstract and deed. Husband and wife constitute one buyer.
~ If in the future a site clean up is required it shall be at the expense
of the buyer(s).
~ This real estate is selling subject to public road easements and all other
easements of record.
~ 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. | 
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