LAND AUCTION
MT. PLEASANT, IOWA
All tracts are located on the Highway 34 Bypass. Auction to be held on site on Tract #1
THURSDAY, DECEMBER 1, 2011 AT 1:02 P.M.
Land Preview on Thursday, November 17th from 1-2 P.M.
213.19 ACRES M/L SELLS IN FOUR TRACTS
Selling Choice with the Privilege. High bidder may take
Tracts #1, #2, #3 or #4 or any combination of tracts.
All Tracts Have Highway 34 Bypass Exposure!
Tract #1- 52.37 Acres M/L
Located mile west of the intersection of Old Highway 34 & W55 (Franklin Avenue)
FSA information 48.06 Acres tillable
The following are combined with Tract #2:
128 bushel corn yield and 78.7 acre corn base
31 bushel bean yield and 6.8 acre bean base
45 bushel oat yield and 3.1 acre oat base
Corn suitability rating is 61
Located in Sections 1& 2, Tippecanoe Township, Henry County, Iowa
Tract #2- 48.33 Acres M/L
Located at the intersection of Old Hig...
Located at the intersection of Old Highway 34 & W55 (Franklin Avenue)
FSA information 42.87 Acres tillable
The following are combined with Tract #1:
128 bushel corn yield and 78.7 acre corn base
31 bushel bean yield and 6.8 acre bean base
45 bushel oat yield and 3.1 acre oat base
Corn suitability rating is 52.1
Located in Section 1, Tippecanoe Township, Henry County, Iowa
Tract #3- 50.37 Acres M/L
Located mile north of the intersection of Old Highway 34 & W55 (Franklin Ave)
FSA information 43.34 Acres tillable
The following are combined with Tract #4:
128 bushel corn yield and 67.8 acre corn base
31 bushel bean yield and 20.5 acre bean base
45 bushel oat yield and 2.6 acre oat base
Corn suitability rating is 44.4
Located in Section 1, Tippecanoe Township, Henry County, Iowa
Tract #4- 62.12 Acres M/L
Located mile north of the intersection of Old Highway 34 & W55 (Franklin Ave)
FSA information 46.29 Acres tillable
The following are combined with Tract #3:
128 bushel corn yield and 67.8 acre corn base
31 bushel bean yield and 20.5 acre bean base
45 bushel oat yield and 2.6 acre oat base
Corn suitability rating is 47.8
Located in Section 1, Tippecanoe Township, Henry County, Iowa
TERMS: 20% down payment on December 1, 2011. Balance to be paid on or before January 3, 2012 upon delivery of merchantable abstract and deed.
POSSESSION: January 3, 2012.
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 & will be used to prorate at closing.
Tract #1
Gross: $922.15
Ag. Land: $26.43
Net Taxes: $895.00
Tract #2
Gross: $896.75
Ag. Land: $25.66
Net Taxes: $871.00
Tract #3
Gross: $808.40
Ag. Land: $27.99
Net Taxes: $780.00
Tract #4
Gross: $1125.63
Ag. Land: $27.31
Net Taxes: $1098.00
Special Provisions:
~ It shall be the obligation of the buyer(s) to report to the Henry County FSA office and show filed deeds in order to receive the following if applicable: A. Allotted base acres. B. Future government programs.
~ Termination has been served to the tenant on the tillable land.
~ The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
~ The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
~ If one buyer purchases more than one tract the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
~ This real estate is selling subject to any and all covenants, restrictions and easements of record, as well as all applicable zoning laws.
~ All tracts have 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(s).
~ The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its as is condition and there are no expressed or implied warranties pertaining to the same.
Don R. Lawrence Revocable Trust & Mary Y. Lawrence Revocable Trust Owners
Vicki Williams and D. Robert Lawrence II, Co- Trustees
Patrick C. Brau- Attorney
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