Kanawha, IA 50447(Hancock County)

Legal Description: Tract IV is the Southern part of the Southwest Quarter (SWl/4) and the Southeast Quarter

(SEl/4). (All land South and not including the waterway and building site) in Section 11, Amsterdam Township,

T94N-R25 West of the 5th P.M., Hancock County, State of Iowa, consisting of an unimproved 250 acres +/-.

General Description: This is a gently rolling farm with dominant soil types of Nicollet, Webster, Clarion and

Canisteo. The weighted CSRII average is 84.5.

Legal Description: Tract V is located at 1435 Ladd Ave, Kanawha, Iowa 50447 and is legally described as

that part of the Southeast Quarter (SEl/4), Northeast (NEl/4), Southeast Quarter (SEl/4), Section 11, T94N-R25

West of the 5th P.M., Hancock County, State of Iowa containing an improved 5 acres +/-.

General Description: This acreage has what we call great curb appeal, it lays flat, nice big yard, for

expansion or additions. The buildings have been very well maintained and preserved with them all having steel

to the roofs and siding. The 1 story home has 3 bedrooms, F/A furnace (1,000 gal. propane stays there) 2 car

detached 24x45 cemented garage, 36 X 45 utility shed with dirt floor; rigid steel girder framed machine shed,

52W-96L-14 door height with dirt floor; 27W X 72L converted corn crib to shell corn (4 bins 4,000 bushel ea.),

5,000 bushel overhead bins; 2 -11,000 bushel grain bins (1 is storm damaged); 2 -1,000 gallon propane tanks.

FSA Information: Tracts I, II, III, and IV are all part of FSA 156EZ farm #80. In the event these tracts are sold

to multiple buyers a reconstitution will be needed at FSA.

Method of Sale: This auction consists of 4 tracts of land plus an Acreage. The initial offering will be for tracts

1-4, and the highest bidder will have the option to choose any tract or combination thereof. If all tracts are chosen

by the initial high bidder, the sale will be over. Otherwise, remaining tracts will be offered until this sale process is

completed. It is important to note that prospective buyers will have a one-time opportunity to purchase the tract

or tracts of their choice. There will be no re-offer of tracts in any combination as a part of this sale process. Then,

Tract 5 which consists of the Acreage site will be sold to conclude the Auction.

Tiling and Easements: In Tract III the waterway consists of a 15 cement tile

providing a water outlet for this tract and 1 line from Tract IV. Tile easements will be

provided for Tract IV to the waterway and from Tract I & II to Tract III & IV if there are

different buyers per Tract.

Lease/Possession: This sale is subject to an existing lease which expires on

February 28, 2023. The lease has been properly terminated and early possession will

be at the consent of the tenant.

Terms: The buyer(s) will need to pay 10% down on the purchase price and sign a

real estate contract agreeing to pay the balance on or before December 29, 2022 at

which time seller furnishes a proper deed and abstract of clear title. The closing agent

will be Klein Realty & Auction Company, PO Box 431, Remsen Iowa.

Taxes: Seller will pay taxes up to December 31, 2022, and all prior taxes. The

approximate taxes on the acreage after surveying 5 acres +/- is $1,355.00 per year.

Survey: Tract I and II will not be surveyed. Tracts III, IV and V will be surveyed to establish accurate acres which will be adjusted at the time of closing.

Open House: There will be an open house for the building site on Sunday Nov. 6, 2022, from 1:00 P.M. -3:00 P.M. or by appointment.

Auctioneers Note: Iowa Auction Group is honored to have been selected to sell 550 +/- acres of Land for Hosman Family Farms located in Hancock County, IA.

Major portion of these farms are high-quality, productive, well-drained, and mostly tillable farms that offer a variety of opportunity for landowners or investors.