UNRESERVED LAND AUCTION
TRENTON, IOWA
Located approximately 4 miles NW of Trenton on Merrimac Road, then 1 mile south on Henry-Jefferson Avenue.
THURSDAY, SEPTEMBER 15, 2011 AT 5:02 P.M.
THIS REAL ESTATE SELLS POSITIVELY TO THE HIGHEST BIDDER!!
Preview on Wednesday, August 31st from 5-6 pm
~ 71.34 Acres M/L PRIME
HUNTING & RECREATIONAL GROUND ~
Enjoy the great outdoors! Perfect for hunting, fishing, scenic views and wildlife! Bordering the Skunk River with pond and potential building site nestled amongst the timber. This property currently has CRP income of $2,859.00
FSA information:
38 Acres tillable of which 11.5 acres is in CRP at $133.14 per acre, expires 9-30-11(new contract has been applied for) & 9 acres is in CRP at $147.52 per acre, expires 9-30-15.
Located in Section 1, Lockridge Township, Jefferson County, Iowa.
TERMS: 20% down payment on September 15, 2011. B...
TERMS: 20% down payment on September 15, 2011. Balance to be on or before October 14, 2011 upon delivery of merchantable abstract and deed.
POSSESSION: October 14, 2011.
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 and will be used to prorate at closing.
Gross $523.83
Ag. Credit $13.79
Net $512.00 (rounded)
SPECIAL PROVISIONS:
~ 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 Jefferson 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: 11.5 acres CRP x $133.14 per acre =$1,531.00 and expires 9-30-2011(new contract has been applied for)
9.0 acres CRP x $147.52 per acre = $1,328.00 and expires 9-30-2015
~ 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.
~ If in the future a site clean up is required it shall be at the expense of the buyer.
~ The seller shall not be obligated to furnish a survey.
~ This real estate is selling subject to any and all covenants, restrictions and easements of record, as well as all applicable zoning laws.
~ Seller states that there are two headstones located on the property.
~ 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.
Owners: Robert Schadt & Brenda Staats
Jim Becker - Attorney
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