Old Highway 34, Mount Pleasant, IA 52641 - Henry County

HENRY COUNTY LAND AUCTION

MT. PLEASANT, IOWA

Land is located 1 mile west of Mt. Pleasant on Old Highway 34.

Auction will be held at the Steffes Auction Pavilion, 605 East Winfield Avenue, Mt. Pleasant, Iowa.

THURSDAY, JANUARY 29, 2015 at 10:00 A.M.

106.64 Taxable Acres Sells in One Tract

Tillable& Timber ground on hard surface road!

106.64 Taxable Acres Sells in One Tract

FSA information: 75.28 HEL acres tillable with the balance of land being timber.

Corn Suitability Rating 2 on the tillable of 57.8 (CSR1 of 49.1) and 49.7 (CSR 1 of 42.1) on the entire farm. Located in Section 2, Tippecanoe Township, Henry County, Iowa.

If you are looking for income producing tillable ground with recreational/hunting opportunities, this is the property!

Not included: All Farm Machinery & Gates not attached.

TERMS & CONDITIONS

TERMS: 20% down payment on January 29, 2015. Balance at closing with projected date of February 27, 2015 upon delivery of merchantable abstract and deed and all objections have been met.

POSSESSION: Projected date of February 27, 2015

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

Gross: $1,322.51

Ag Credit: ($60.63)

Net: $1,262.00 (rounded)

Special Provisions:

~ Termination has been served to the tenant. Farm is being sold free and clear for the 2015 farming season.

~ It shall be the obligation of the buyer to report to the Henry County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.

~ The buyer shall be responsible for any fencing in accordance with Iowa state law.

~ The buyer shall be responsible for installing his/her own entrances if needed or desired.

~ If in the future a site clean up is required it shall be at the expense of the buyer.

~ There is a perpetual easement from the adjoining land owner(E1/2 NW1/4 lying South of the public highway of Section 2, Township 71 North, Range 7 West, Henry County, Iowa), for an easement for ingress and egress over and across the old CB & Q Railroad right-of-way on the southwest corner of the adjoining land owners property.

~ This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

~ The buyer(s) acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer(s) is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

~ Any announcements made the day of sale take precedence over advertising.

Owner: James R. Cowen

Paul A. Miller Attorney for Seller