LOUISA COUNTY LAND AUCTION

WAPELLO, IOWA
The land is located 5 miles west of Wapello on G62, then west 4 miles on G62, then ¼ mile north on S Avenue.  OR 3 miles north of Winfield on W66, then 4 miles east on CR G62, then ¼ mile north on S Avenue  Watch for signs.

Auction will be held at the Charles W. Briggs Civic Center, 317 Water St., Wapello, Iowa.
 

THURSDAY, AUGUST 25, 2016 AT 10:00 A.M.

117 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 – 79 Acres M/L – Subject to final survey
FSA information: 77.36 NHEL acres tillable
Corn Suitability Rating 2 of 85.4 (CSR 1 of 86.8) on the tillable.
Located in Section 30, Marshall Township, Louisa County, Iowa.

TRACT #2 – 38 Acres M/L – Subject to final survey
FSA information: 36.68 NHEL acres tillable
Corn Suitability Rating 2 of 82.8 (CSR 1 of 79.6) on the tillable.
This tract has a machine shed with partial concrete floor, 3 older barns, wire corn crib, windmill, well & cistern have been capped & a old homestead site.
Located in Section 30, Marshall Township, Louisa County, Iowa.

Not Included: 2016 crops, Tenant’s farm machinery

Terms: 20% down payment on August 25, 2016. Balance at closing with a projected date of October 10, 2016 upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of October 10, 2016. (Subject to tenant’s 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 at closing.

Tract #1

Gross              $3,046.95
Ag. Credit         ($190.75)

Net                  $2,856.00 rounded

Tract #2

Gross              $1,371.09
Ag. Credit           ($82.58)

Net                  $1,288.00 rounded

Special Provisions:

It shall be the obligation of the buyer(s) to report to the Louisa 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.
Notice has been given to the tenant, the farm is selling free and clear for the 2017 Farming Season.  Tillage rights shall be granted after removal of the 2016 crops, no later than December 1, 2016.
Both Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for each tract.
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: Evelyn L. Gipple Estate
James Gipple & Janice Webb – Co-Executors
Steven A. Sents – Attorney for Estate