MORNING AUCTION
OF 80 ACRES,

(more or less),
OSCEOLA COUNTY, IA
FARMLAND

Wednesday, August 26, 2009

SALE STARTS AT 9:00 A.M.

AUCTION HELD AT ASHTON LEGION
BUILDING IN ASHTON, IOWA
 

LOCATION: The farm is located ¼ mile east of the corner of Oak Hill Avenue and 270th Street, 3 miles south and ¼ mile east of Ashton, Iowa; or 2 miles east, 1 mile north and ¼ mile east of Ritter, Iowa. Auction signs will be posted at the farm. Remember, the auction will be held at the Legion Building in Ashton, Iowa.

FARM INFORMATION: Selling will be 80 acres (more or less). FSA shows 77.2 tillable acres. FSA shows corn base at 37.9 acres with a 118 bushel direct yield and 152 bushel CC yield. FSA shows 37 soybean base acres with a 47 bushel direct yield and 56 bushel CC yield. Osceola County Assessor shows CSR rating at 74.65 across entire farm. Current taxes for the farm are $1,504 per year. For inspection of the property or other information contact the auctioneers.
LEGAL DESCRIPTION: “The East Half of the Southwest Quarter of Section Thirty-five, Township Ninety-eight North, Range Forty-two West of the 5th P.M., Osceola County, Iowa.”

TERMS: Ten percent earnest money on day of auction. Buyers will enter written agreement for purchase immediately following the close of bidding. All final bids are subject to final acceptance or rejection of Executor. Sale is subject to district court approval for the Helen Krogman Estate. Balance will be paid on or before November 20, 2009, when deed and abstract showing merchantable title will be delivered and possession will be given subject to remaining rights of tenant. Full possession on March 1, 2010. Sellers will pay the installment of real estate taxes that would become delinquent if not paid by October 1, 2010 and all prior real estate taxes.

DISCLAIMER: All information contained in this advertisement and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied concerning the property is made by the Sellers or the Auction Company. Each potential bidder is responsible for conducting their own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this advertisement is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the discretion of the auctioneers. All decisions of the auctioneers are final. Any announcements made the day of the sale take precedence over printed material or any other oral statements made. Please contact auctioneers for additional information on the farm.

Helen Krogman Estate
Ashton State Bank – Executor

DeKoter, Thole & Dawson – Mr. Michael E. Thole, Attorney for Estate
Klaassen Realty, Broker

Klaassen Realty is an agent for and is representing the Sellers for this auction.
Klaassen Auction: 712-754-3500 or 800-672-3500 or 712-754-2005
See full bill also at www.klaassenrealty.com