1573 Gabriel Avenue, Wayland, IA 52654 - Henry County

UNRESERVED REAL ESTATE AUCTION

WAYLAND, IOWA

Located at 4 miles south of Wayland on W55/Franklin Avenue, then 1 mile east on 150th Street, then mile south on Gabriel Avenue to 1573 Gabriel Avenue.

THURSDAY, NOVEMBER 3, 2011 AT 1:02 P.M.

Real Estate Sells First!

THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER!

Open House on Friday, October 21st from 4:30-5:30pm

61.357 ACRES - TILLABLE LAND - HOME - BUILDINGS -

SELLS IN 1 TRACT

Immediate Possession with Fall Tillage Privileges!!

This two story home has 1,712 sq. ft of living space. The main level has a large living room/dining room area and kitchen with pantry, refrigerator & stove. Main level laundry room with washer, dryer & bath. Upstairs has 3-4 bedrooms & bathroom with toilet & tub. Walkup floored attic. Hot water heat. 40' dug well.

Outbuildings include 30'x48' garage with workshop, 44'x92' insulated shed with water, electricity & 38 pens for bucket calves or sheep along with a 22'x40' attached shed. 40'x60' barn with hay loft, lean to & cement lot. 5 bay machine shed. Older corn cribs.

The 61.357 acres M/L features tillable ground with pond. Pond stocked with catfish. FSA info: 41.4 acres tillable. 120 bushel corn yield and a 27.1 acre corn base. 31 bushel bean yield and a 10 acre bean base. Corn suitability rating is 63.6 on entire farm. [ Click Here ] for soil map.

Located in Section 35, Jefferson Township, Henry County, Iowa.

Included: Windmill, (2) Refrigerators, Stove, Dishwasher, Washer, Dryer, (2) Window air units, Freezer

Not included: LP tank (Leased from Yarmouth Oil), Personal Property

TERMS: 20% down payment on November 3, 2011. Balance to be paid on or before December 5, 2011 upon delivery of merchantable abstract and deed.

IMMEDIATE POSSESSION: November 3, 2011.

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 & will be used to prorate at closing.

Gross: $2,073.60

Ag Credit: ($20.70)

Homestead: ($112.04)

Net: $1,940.00 (Rounded)

Assessed Value: $111,210.00

Special Provisions:

~ 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 seller shall not be obligated to furnish a survey.

~ The buyer shall reimburse the seller for the remaining gas in the LP gas tank at the current rate on the day of possession.

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

~ It shall be the obligation of the buyer to update the septic system according to the rules governing in Henry County. Buyer will be required to sign a Time of Transfer Inspection Waiver Binding Acknowledgement for Future Installation at time of closing of real estate. Buyer will be required to apply for a Disposal Installation Permit with the Henry County Sanitarian and agree to complete the work within 12 months of closing on the property.

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

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

~ There is a 66' agricultural easement for the purpose of ingress and egress along the south border of the property for the adjoining land owner.

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

Owners: Dwight & Kay Messer

Gary Wiegel - Attorney