DES MOINES COUNTY LAND AUCTION
DANVILLE, IOWA
Located at the west edge of Danville on Old Hwy 34 then west on 125th Street.
THURSDAY, APRIL 19, 2012 AT 10:02 AM
Showing on Thursday, April 5th from 10-11 AM
87 CSR!
2012 Cash Rent goes to the buyer!
89 ACRES, M/L PRIME IOWA FARMLAND
~ FSA Information: 88.39 acres tillable.
140 bushel corn yield and 45 acre corn base
35 bushel bean yield and 43.4 acre bean base
~ Corn Suitability Rating is 87!
~ Majority soils are Taintor & Mahaska.
~ Located in Section 15, Danville Township, Des Moines County, Iowa.
TERMS: 20% down payment on April 19, 2012. Balance to be paid on or before March 2, 2012 upon delivery of merchantable abstract and deed.
POSSESSION: May 18, 2012. (Subject to tenants lease. Buyer will receive the 2012 cash rent.)
REAL ESTATE TAXES: Seller will be responsible for all real estate taxes through December 31, 2011 and all...
REAL ESTATE TAXES: Seller will be responsible for all real estate taxes through December 31, 2011 and all prior taxes. Buyer will be responsible for all real estate taxes thereafter.
The following taxes are approximate and will be used at closing.
Gross Taxes: $4,176.97
Ag Credit: $165.31
Net Taxes: $4,012
Special Provisions:
~ The farm is rented for the 2012 crop year and the seller will pay the buyer the entire cash rent at closing which is $225.00 per acre based on 88.4 tillable acres = $19,890.00.
~ It shall be the obligation of the buyer to serve termination to the tenant prior to September 1, 2012, if so desired.
~ It shall be the obligation of the buyer to report to the Des Moines County FSA and show filed deed in order to receive the following if applicable:
A. Allotted base acres B. Future government programs.
~ The farm has been surveyed by a registered land surveyor.
~ This real estate is selling subject to any and all covenants, restrictions and easements of record, as well as all applicable zoning law.
~ 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 need or desired.
~ If in the future a site clean up is required it shall be at the expense of the buyer.
~ The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in as is condition and there are no expressed or implied warranties pertaining to the same.
Owner: WILHOIT FAMILY FARM
James Miller - Attorney
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