HENRY COUNTY IOWA LAND AUCTION

MT. PLEASANT, IOWA

The land is located 5 miles south of Mt. Pleasant, IA on Highway 27/218, at the southwest corner of the intersection of 295^th Street & Highway 27/218.  Watch for signs.

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

TUESDAY, NOVEMBER 15, 2016 AT 10:00 A.M.

(Starburst)<< CRP Income, Timber & Trees!>>

60 Acres M/L (Subject to final survey) – SELLS IN ONE TRACT

Here is an opportunity to purchase CRP land with Highway 27/218 frontage!

This land has approx. $4,587 of yearly income from the CRP land.  Balance of the land is timber.  This property lends itself to hunting and recreational opportunities along with a potential future building site.

FSA information: 40.71 acres tillable all of which are in CRP as follows:

   40.7 acres at $112.71 = $4,587.00 and expires on 9-30-2018.

Corn Suitability Rating 2 of 53.2 on the tillable.

Located in Section 8, Jackson Township, Henry County, Iowa.

Terms: 20% down payment on November 15, 2016. Balance at closing with a projected date of December 30, 2016 upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of December 30, 2016.
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, as taxes are combined with other land not selling:

Gross                 $770.62

Ag. Credit           ($33.97)
Net                     $737.00 rounded

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.  C. Prorate of CRP.

·         Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees 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 further agree to indemnify and hold harmless the sellers 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 elects to take the ground out of CRP, the buyer will be responsible to the seller for any prorate of the CRP payment that the seller would have received.

·         This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.

·         Land will be surveyed by a registered land surveyor and surveyed acres will be the multiplier.

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

·         The buyer 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.

·         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: Jerry D. Jordan
Gary L. Wiegel – Attorney for Seller

For information contact Tim Meyer of Steffes Group, 319.385.2000 or 319.750.1233 (cell)