ABSOLUTE LAND AUCTION 153.63 Acres, Montgomery County, Iowa Wednesday, September 17, 2008 10:00am Sale Site: White Fair Bldg, Legion Park (4th St), Red Oak, IA ****************************************************************************************************************************************** FARM DESCRIPTION: Good producing, well terraced Montgomery County hill farm with lots of wildlife habitat and the potential for a big pond. Rural water runs along the farm. FARM LOCATION: From the intersection of US Hwy 34 and Boxelder Ave, go 6 miles south to 250th St, then go 3 miles east to E Ave and ½ mile north. Legal Description: E ½ NW ¼ & S ½ NE ¼ (except Parcel A in SE corner), Sec 14-T71N-R39W of 5th PM, Montgomery County, Iowa Buildings: none Taxable Acres: 153.63 Gross Taxes: $2052.00/yr Rented: not rented for 2009. Crop Acres: 139.1 Conservation Plan: no-till, minimum till CSR: 58.14 estimated Crop Rotation: corn/soybeans Commodity: Corn - Base Acres: 64.5 DPY/102 CCPY/143 Beans - Base Acres: 64.5 DPY/33 CCPY/39 ****************************************************************************************************************************************** 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 3, 2008. Buyer will receive landlord’s possession subject to 2008 tenant’s rights. Seller agrees to cooperate if buyer is doing an IRS 1031 Exchange. Seller will retain all 2008 income. Taxes will be prorated to date of closing. 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. See pictures on www.Auctionbill.com Margaret R. Bruce Estate CENTURY 21 Rubey Realty, Broker Clint Rubey, Auctioneer 1000 A Broadway, Red Oak IA 51566
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