UNRESERVED LAND AUCTION
WINFIELD, IOWA
Located 1 miles east of Winfield on 130th Street.
TUESDAY, SEPTEMBER 6, 2011 AT 10:02 AM
THIS LAND SELLS POSITIVELY TO THE HIGHEST BIDDER!!
Preview on Tuesday, August 23rd from 10-11 am
81.25 Acres M/L Farmland (subject to final survey)
FSA information: 78.5 Acres tillable of which 5 acres is in CRP at $149.24 per acre, expires 9-30-16 & 2.4 acres is in CRP at $133.61 per acre, expires 9-30-12.
128 bushel corn yield and 59.6 acre corn base.
30 bushel bean yield and 11.3 acre bean base.
Corn suitability rating is 63
Located in Section 22, Scott Township, Henry County, Iowa.
TERMS: 20% down payment on September 6, 2011. Balance to be on or before October 6, 2011 upon delivery of merchantable abstract and deed.
POSSESSION: October 6, 2011 (Subject to tenant's rights)
REAL ESTATE TAXES: To be prorated to date of possession on the basis of the l...
REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.
The following taxes are approximate.
Gross: $2098.55
Ag Credit: $67.24
Net: $2032.00 (rounded)
Reservations: Crops are reserved for the tenant
SPECIAL PROVISIONS:
~ The tenant has been served termination. The buyer will have fall tillage privileges upon completion of the harvest of the 2011 crops.
~ The buyer shall be responsible for fencing in accordance with Iowa state law.
~ It shall be the obligation of the buyer to report to the Henry County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Future government programs. C. Prorate of CRP
~ CRP is as follows: 5 acres CRP x $149.24 per acre = $746.00 and expires 9-30-2016, 2.4 acres CRP x $133.61 per acre = $321.00 and expires 9-30-2012
~ Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer further agrees to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer elects to take the ground out of CRP, the buyer will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.
~ The land has been surveyed by a registered land surveyor.
~ If in the future a site clean up is required it shall be at the expense of the buyer.
~ This real estate is selling subject to any and all covenants, restrictions and easements of record, as well as all applicable zoning laws.
~ 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 its "as is" condition and there are no expressed or implied warranties pertaining to the same.
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