LAND AUCTION 154 Acres m/l, Mills County, Iowa Wednesday, July 30, 2008 10 am Sale Site: Malvern Community Bldg, Malvern, IA ****************************************************************************************************************************************** FARM DESCRIPTION: This terrace upland farm is one of the best you can buy. The farm is 98% tillable, has a wide north/south ridge about ½ mile long and then slopes to the west. FARM LOCATION: From the Malvern corner on US Hwy 34, go North on L-63 to the T, then East 1 mile to 325th St, then North 1 ½ miles to Elderberry Ave, then East ½ mile – you will be at the NW corner of the farm. Legal Description: SE ¼ (except 2A m/l acreage in NE corner to be surveyed), Sec 27-T73N-R41 W of 5th PM, Mills Co, IA Taxable Acres: 154 m/l Gross Taxes: $2381yr estimated Rented: yes, for 2008. Tenant has been notified for 2009 crop year. Buildings: none Bins: older 3,000 & 5,000 bu bins Crop Acres: 151.6 estimate Conservation Plan: No-till, plan available CSR: 75.55 estimated Crop Rotation: corn/soybeans Terraces: 11,000 ft. FSA Information Commodity: Corn - Base Acres: 76 estimate DPY/106 CCPY/132 Beans - Base Acres: 76 estimate DPY/36 CCPY/43 ****************************************************************************************************************************************** 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 December 1, 2008. Buyer will receive full possession for 2009 crop year. 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. 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. Dorothy Edmonds Estate CENTURY 21 Rubey Realty, Broker Clint Rubey, Auctioneer 1000 A Broadway, Red Oak IA 51566
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