HENRY COUNTY LAND AUCTION

TRENTON, IOWA
The land is located 2 miles west of Trenton on Merrimac Road at the corner of Clayton Avenue & Merrimac Road.  Watch for signs.

Auction to be held at the Steffes Group facility, 605 East Winfield Avenue, Mt. Pleasant, IA
 

TUESDAY, JULY 26, 2016 AT 10:00 A.M.

80.5 Acres M/L  – SELLS IN TWO TRACTS

“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 – 21.05 Acres M/L
This farm is located on the west side of Clayton Avenue.

FSA information: 16.49 acres tillable of which 3.71 acres are in CRP as follows:
   2.7 acres at $231.41 = $624.80 and expires on 9-30-2023.
   1.01 acres at $166.92 = $168.58 and expires on 9-30-2022.

Corn Suitability Rating 2 of 51.1 (CSR 1 of 53) on the tillable.
Located in Section 32, Jefferson Township, Henry County, Iowa.

TRACT #2 – 59.45 Acres M/L
This farm is located on the east side of Clayton Avenue.
 
FSA information: 39.62 acres tillable of which 18.87 acres are in CRP as follows:
   10.96 acres at $231.41 = $2,536.24 and expires on 9-30-2023.
    2.72 acres at $249.26 = $677.98 and expires on 9-30-2023.
    5.19 acres at $166.92 = $866.31 and expires on 9-30-2022.

Corn Suitability Rating 2 of 57.4 on the tillable.
Located in Section 33, Jefferson Township, Henry County, Iowa.

Included: 2016 crops.  Buyer is responsible for paying the 2016 crop insurance premium.
Terms: 20% down payment on July 26, 2016. Balance at closing with a projected date of September 9, 2016 upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of September 9, 2016.
Real Estate Taxes: Seller will be responsible for all real estate taxes through December 31, 2015. Buyer will be responsible for all real estate taxes thereafter.

The following taxes are approximate and will be used at closing.

Tract #1

Gross              $213.06
Family Farm      ($6.36)

Ag. Credit          ($8.96)

Net                  $198.00 rounded

Tract #2

Gross              $625.27
Family Farm   ($26.30)

Ag. Credit        ($18.66)

Net                  $580.00 rounded

Special Provisions:

It shall be the obligation of the buyer(s) to report to the Henry County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs. C. Prorate of CRP.
Tract #1 CRP payment is as follows:
   2.7 acres at $231.41 = $624.80 and expires on 9-30-2023.
   1.01 acres at $166.92 = $168.58 and expires on 9-30-2022.
Tract #2 CRP payment is as follows:

   10.96 acres at $231.41 = $2,536.24 and expires on 9-30-2023.
    2.72 acres at $249.26 = $677.98 and expires on 9-30-2023.
    5.19 acres at $166.92 = $866.31 and expires on 9-30-2022.

Buyer(s) agree to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer(s) agree to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer(s) further agree to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer(s) elects to take the ground out of CRP, the buyer(s) will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.
Seller shall not be obligated to furnish a survey.
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.

Owner: Helen L. Zihlman Estate
Diane M. Nicholson and D. Steven Zihlman – Co-Executors
Jeffrey D. Thomas – Attorney for Estate 

For more information contact Lynn Richard of Steffes Group at 319.385.2000 or 319.931.9090

www.steffesgroup.com