Land Auction 178.24 Acres m/l, Montgomery County, Iowa Monday, December 1, 2008 10:00am Sale Site: Emerson Community Bldg, Emerson, IA Farm Description: Walnut Creek bottom farm, 88% tillable, some timber along Walnut Creek. Farm Location: From the intersection of 200th St. (old US Hwy 34) and Boxelder Ave. (M37), go south on Boxelder Ave., following the blacktop curve to the west (B Ave.) to 250th St, then west on 250th St. one mile. Farm lies to the north of 250th St. and to the west of Walnut Creek. Legal Description: (see abstract) land owned by seller in Sections 17 & 18, T71N-R39W (West Twp) of 5th PM, Montgomery County, IA. Buildings: none Taxable Acres: 178.24 m/l Gross Taxes: $4550.21 Rented: yes, for 2009 @ $145/A USDA FSA Information Crop Acres: 156.1 (138A in crop + 18.1A in CRP filter strip) Conservation Plan: non-HEL CSR: 81.17 estimated Crop Rotation: corn/soybeans Tile: some tile, amount unknown CORN: 79.5 acres DPY/103 CCPY/114 BEANS: 58.5 DPY/31 CCPY/37 CRP Information 18.1 acres in CRP (filter strip along creek) until 9/30/2015 @ $153.80/A = $2784/annual payment TERMS: 10% down sale day, to be held in Broker’s Trust Account with balance due by cashier’s check at closing. If sale fails to close for buyer-related reason, buyer forfeits down payment to seller. CLOSING & POSSESSION: Closing and possession will be on or before January 7, 2009. Buyer will receive landlord’s possession subject to 2009 tenant’s rights. Seller agrees to cooperate if buyer is doing an IRS 1031 Exchange. TITLE: Seller will provide updated abstract showing merchantable title. Sale is subject to all easements of record. INSPECTION: Buyers should inspect property prior to the auction. Inspection time closes at beginning of auction. Please call auctioneers for information. AGENCY: CENTURY 21 Rubey Realty and its representatives are seller’s agents. ATTENTION BIDDERS: Information in this bill was collected from sources deemed reliable. Auctioneers and sellers assume no responsibility for its accuracy. Bidders are advised to do whatever research they feel is necessary before the auction. Announcements on sale day take precedence over all other advertising. Donna B. Hillyer CENTURY 21 Rubey Realty, Broker Clint Rubey, Auctioneer 1000 A Broadway, Red Oak IA 51566
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