Clayton Avenue & 140th Street, Wayland, IA 52654 - Henry County

Henry County Estate Land Auction

Wayland, Iowa

Located 3 miles south of Wayland on Franklin Avenue then 2 miles west on 140th Street then south on Clayton Avenue.

Monday, July 23, 2012 at 10:02 am

Showing on Monday, July 9th from 10-11 am

160 Acres M/L Sells in Three Tracts

Tracts #1 & #2 will sell choice with the privilege

Tract #1 42 Acres, M/L (subject to final survey)

FSA Information: 38.27 acres tillable

CSR 60.9 on tillable ground CSR 58.7 on entire farm

Located in Section 29, Jefferson Township, Henry County, Iowa

Tract #2 58 Acres M/L (subject to final survey)

FSA Information: 50.18 acres tillable

CSR 60.7 on tillable ground CSR 54.4 on entire farm

Located in Section 29, Jefferson Township, Henry County, Iowa

Tract #3 60 Acres M/L (subject to final survey)

FSA Information: 22.16 acres tillable, balance is timber.

CSR 66.8 on tillable ground CSR 52.5 on entire farm

Located in Section 28, Jefferson Township, Henry County, Iowa.

Tract #1 & #3 bases and yields are combined and include a small amount of land not being sold

105 bushel corn yield and 34.8 acre corn base

48 bushel oat yield and 4.1 acre oat base

Tract #2: 105 bushel corn yield and 35.4 acre corn base

48 bushel oat yield and 2.8 acre oat base

TERMS: 20% down payment on July 23, 2012 balance to be paid on or before August 23, 2012 upon delivery of merchantable abstract and deed.

POSSESSION: August 23, 2012 subject to tenants rights.

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 and will be used to prorate at closing.

Tract #1

Gross - $477.19

Ag Cr. $13.85

Net - $464.00 (rounded)

Tract #2

Gross - $774.67

Ag. Cr. - $34.84

Net - $740.00 (rounded)

Tract #3

Gross - $763.52

Ag. Cr. - $34.33

Net - $730.00 (rounded)

Special Provisions:

It shall be the obligation of the buyer to serve termination to the tenant prior to September 1, 2012 if so desired.

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.

All tracts will be surveyed by a registered land surveyor.

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

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.

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

This real estate is selling subject to any and all covenants, restrictions, encroachments and easements of record, 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.

Ellen Clark Estate

Kevin Clark & Gary Clark, Co-Executors

Craig Davis Attorney