Monday, January 25, 2010

SALE STARTS AT 9:30 A.M.

AUCTION HELD AT THE COURT IN SIBLEY, IOWA

LOCATION: The farm is located west of the corner of Red Wing Avenue and 220^th Street; 1 mile east, 1 mile north and 3.75 miles east of Ashton’s Cedar Cabin; or 7 miles southeast of Sibley, Iowa. Auction signs will be posted at the farm. Remember, the auction will be held at The Court at the corner of 10^th Street & 3^rd Avenue in Sibley, Iowa.

FARM INFORMATION: Selling will be 33.75 acres (more or less). FSA shows 30.9 tillable acres. FSA shows corn base at 15.4 acres with a 114 bushel DY and 139 bushel CC yield. FSA shows 15.4 soybean base acres with a 37 bushel DY and 44 bushel CC yield. Osceola County Assessor shows CSR rating at 73.91 across entire farm. Current taxes for the farm are $580 per year. For inspection of the property or other information contact the auctioneers.

ABBREVIATED LEGAL DESCRIPTION: “The West 33.75 Acres of the East 120 Acres of the Southeast Quarter of Section Four, Township Ninety-eight North, Range Forty-one West of the 5^th 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 owners. Balance will be due on or before March 1, 2010, when deed and abstract showing merchantable title will be delivered and possession will be given subject to existing lease. Cash rent lease in place for 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.

Mayer Family – Mavis, Milo, Cyndi & Jeff

Klaassen Realty, Broker

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

Auctioneers: Kevin T. Klaassen: 712-754-3500 or 800-672-3500 & Norman Klaassen: 712-754-2005

See full bill also at www.klaassenrealty.com