Quaker Avenue, New London, IA 52645 - Henry County

UNRESERVED LAND AUCTION

NEW LONDON, IOWA

Located 2 miles north of New London on Quaker Avenue.

WEDNESDAY, AUGUST 24, 2011 AT 1:02 P.M.

THIS LAND SELLS POSITIVELY Land Preview on Wednesday, August 10th from 1-2 pm

TO THE HIGHEST BIDDER!!

Land Preview on Wednesday, August 10th from 1-2 pm

115.84 ACRES M/L ROW CROP & CRP LAND!

FSA information:

~ 106.8 acres tillable of which:

9.2 acres are in CRP at $206.97 per acre and expires on 9/30/2023

3.7 acres are in CRP at $143.00 per acre and expires on 9/30/2011

8.6 acres are in CRP at $125.14 per acre and expires on 9/30/2011

~ Corn suitability rating is 76.5

~ Majority soils are Hedrick, Otley & Colo.

GENERAL INFORMATION ON ENTIRE FARM

~ 120 bushel corn yield with 50.2 acre corn base

~ 32 bushel bean yield with 34.1 acre bean base

~ Located in Section 10, New London Township, Henry County, Iowa.

~ Buyer to receive the second half of the 2011 cash rent! ~

TERMS: 20% down payment on August 24, 2011. Balance to be paid on or before September 23, 2011 upon delivery of merchantable abstract and deed.

POSSESSION: September 23, 2011 (Subject to tenant's rights)

REAL ESTATE TAXES: Seller will be responsible for all real estate taxes through June 30, 2011. Seller shall pay any unpaid real estate taxes payable in prior years.

The following taxes are approximate.

Gross: $2670.58

Ag Credit: $115.51

Net: $2556.00 (rounded)

SPECIAL PROVISIONS:

~ Coming Soon!