Wednesday, December 16, 2009

SALE STARTS AT 9:00 A.M.

AUCTION HELD AT THE HOSPERS COMMUNITY BUILDING ON MAIN STREET IN HOSPERS, IOWA.

LOCATION: Building site and farm located at 4267 Log Avenue; 2 miles south of Hospers, Iowa Highway 60 exit to Blacktop L22; 4 miles northwest of Granville, Iowa; 8 miles northeast of Alton, Iowa. Auction signs will be posted.

LEGAL DESCRIPTION: The North Half of the Southeast Quarter of Section 22, Township 95 North, Range 43 West of the 5^th P.M., Sioux County, Iowa.

FSA & FARM INFORMATION: Farm is combined with other land for current USDA programs. FSA does show 71.76 tillable acres. The FSA corn base is at 51.6% of tillable acres with a 110 bushel direct yield and 149 bushel CC yield. The FSA soybean base is at 48.4% of tillable acres with a 38 bushel direct yield and 46 bushel CC yield. CSR rating at 66 across entire farm. Current taxes are $1,484 per year.

HOME & BUILDINGS: An attractive home and building site with a great blacktop road location and minutes away from employment & shopping. A modern 1 ½ story three bedroom home containing over 1,100 square feet of living area & central air is the centerpiece of the building site. Also present are two unattached garages, a 38’ X 50’ machine shed with tin roof, 24’ X 48’ block machine shed with tin roof, cattle building, corn crib, barn, chicken and hog houses with tin roofs, a 1,200 bushel grain bin and several other buildings. Nearly all underground wiring on the farm yard. Contact auctioneers for inspection of building site by appointment only.

METHOD OF SALE

TRACT #1: Farm land except building site. 75.30 acres (more or less) of farm land.

TRACT #2: Building site of 4.70 acres (more or less).

TRACT #3: The combined tracts of the entire farm, 80 acres (more or less) will be offered.

TERMS: Ten percent earnest money on day of auction. Buyers will enter written agreements for purchase immediately following the close of bidding. All final bids are subject to Executor’s acceptance or rejection. Balance due on or before January 29, 2010, when deeds and abstracts 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, 2010 and all prior real estate taxes. Seller will provide deeds and abstracts to buyers in the manner that is most cost effective for the seller. In the event one buyer purchases tracts separately, sellers will furnish one deed and abstract.

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. For all additional information on the farm, contact auctioneers.

Beatrice Jungers Estate

Paula Morgan - Executor

John D. TePaske - Attorney for Estate

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; Norm Klaassen, 712-754-2005