LAND AUCTION 100.5 Acres m/l, Montgomery County, IA Thursday, December 11, 2008 10:00am Sale Site: Gold Fair Bldg, Legion Park (4th St), Red Oak IA ****************************************************************************************************************************************** Farm Description: Non-HEL Nishnabotna River bottom farm Farm Location: At the Stennett Corner (intersection of Hwy 48 N of Red Oak & 150th St/H-20), go 2 miles east on 150th St, then ¼ mile south – farm lays along west side of road. Legal Description: SE ¼ NE ¼ & NE ¼ SE ¼ and that part adjacent to the west of the above lying east of the railroad, all in Section 34-T73N-R38W of 5th PM, Montgomery County, IA. Buildings: none Taxable Acres: 100.5 Crop Acres: 93.1 Gross Taxes: $2518.45 Rented: no Tile: north field has new tile main; south field is partially tiled Septic: old septic system is located on hill and abandoned – status unknown Well: 60’ deep tubular w/ submersible pump, currently no electrical service Easement: natural gas pipeline easement (3 pipes) runs across farm ****************************************************************************************************************************************** GENERAL USDA FSA INFORMATION Crop Acres: 93.1 CSR: 72.1 (est) Conservation Plan: available Crop Rotation: corn/soybeans Corn: Base Acres = 49.2 DPY/102 CCPY/102 Beans: Base Acres: 39.6 DPY/37 CCPY37 **************************************************************************************************************************************** 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: Closing and possession will be on or before January 14, 2009. Seller agrees to cooperate if buyer is doing an IRS 1031 Exchange. TITLE: Seller will provide an updated abstract showing merchantable title. Sale of property is subject to all easements of record. INSPECTION: Buyers should inspect property prior to the auction. Inspection period closes at the 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. Clyde & Naomi Jones CENTURY 21 Rubey Realty, Broker Clint Rubey, Auctioneer 1000 A Broadway, Red Oak IA 51566
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