OCHEYEDAN TOWNSHIP, OSCEOLA COUNTY, IOWA
IMPROVED FARM LAND AUCTION

200 ACRES, (more or less)

Thursday, January 10, 2008

SALE STARTS AT 9:00 A.M.
AUCTION HELD AT THE COURT IN SIBLEY, IOWA

LOCATION: The farm is located at the intersection of Sorrel Avenue and 190th Street; 6 miles southwest of Ocheyedan, Iowa; or 6 miles north of Melvin, Iowa; or 8 miles southeast of Sibley, Iowa. Building site address is 1934 Sorrel Avenue. Auction signs will be posted at the farm. Remember, the auction will be held at The Court in Sibley, Iowa, directly east of Cooperative Energy in Sibley.
 

FARM INFORMATION: Selling will be 200 acres (more or less). FSA records show 184.6 tillable acres with balance in building site, road easement and small creek in the southwest corner of the farm. FSA corn base is 91.6 acres with a 118 DY yield and 150 CC yield. FSA soybean base is 91.6 acres with 38 DY yield and 46 CC yield. Osceola County Assessor shows CSR rating at 67.26 for entire farm. Current taxes for the farm are $2,716 per year. Farm is excellent, clean and highly improved with lots of drainage tile and several terraces. For inspection of the property by appointment only contact the auctioneers.

HOME & BUILDINGS: An attractive building site with good gravel access, buildings include a 1 ½ story four bedroom home, unattached garage, 24’ X 64’ machine shed, barn, chicken house and other buildings. Contact auctioneers for inspection of building site by appointment only.

LEGAL DESCRIPTION: “Northwest Quarter AND Northwest Quarter of Southwest Quarter of Section Twenty-nine, Township Ninety-nine North, Range Forty 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 by owners. Balance will be due on or before March 3, 2008, when deeds and abstract showing merchantable title will be delivered and possession will be given. Sellers will pay the installment of real estate taxes that would become delinquent if not paid by October 1, 2008 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 subject to owners approval. 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.

Myrtle R. Stevens Trust
DeKoter, Thole & Dawson - Attorneys for Trust
Kevin T. Klaassen Norman Klaassen
712-754-3500 or 800-672-3500 712-754-2005

Klaassen Realty is an agent for and is representing the Sellers for this auction. Klaassen Realty - Broker

See full bill also at www.klaassenrealty.com