165th Avenue, Houghton, IA 52631 - Henry County

HENRY COUNTY & LEE COUNTY LAND AUCTION

HOUGHTON, IOWA

The land is located 1 mile north of Houghton, IA on 160th Avenue, then 1/2 mile East on 110th Street, then 1/2 mile north on 165th Avenue. Watch for signs.

Auction will be held at Knights of Columbus, 413 Houghton Main Street, Houghton, IA 52631

TUESDAY, NOVEMBER 22, 2016 AT 10:00 A.M.

155.38 Acres M/L Sells In Two Tracts

Auctioneers Note: The farm is selling free and clear for the 2017 farming season.

Selling Choice with the Privilege

Tracts #1 & 2 will be sold price per acre and will be selling Choice with the Privilege. High bidder may take Tract #1 or Tract #2 or both tracts, for their high bid. This will continue until all tracts are sold.

TRACT #1 80 Deeded Acres M/L

FSA information: 77.35 acres tillable.

Corn Suitability Rating 2 of 72.8 (CSR 1 of 66.6) on entire tract.

Located in Section 6, Marion Township, Lee County, Iowa.

TRACT #2 - 75.38 Deeded Acres M/L

FSA information: 69.01 acres tillable.

Corn Suitability Rating 2 of 70.3 (CSR 1 of 62.2) on entire tract.

Located in Section 31, Jackson Township, Henry County, Iowa.

Not Included: 2016 crops.

Terms: 20% down payment on November 22, 2016. Balance at closing with a projected date of January 6, 2017, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of January 6, 2017.

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:

Tract #1

Gross $1,668.02

Ag. Credit ($69.90)

Net $1,598.00 rounded

Tract #2

Gross $2,026.20

Ag. Credit ($101.24)

Net $1,924.00 rounded

Special Provisions:

All farms are being sold free and clear for the 2017 farming season.

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

The seller shall not be obligated to furnish a survey.

This auction sale is not contingent upon Buyers financing or any other Buyer contingencies.

The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.

If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)

The buyer(s) 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(s).

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) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are 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.

Romanus & Helen Stuekerjuergen Farm

Owned by: Dennis Stuekerjuergen, Jean Rogers, & Carol Town

Gary L. Wiegel Attorney

For details contact Tim Meyer at Steffes, 319.385.2000 or by cell 319.750.1233