Unreserved! LAND AUCTION
72.9 ACRES, M/L SELLING IN ONE TRACT
LEE COUNTY, IOWA
ST. PAUL, IOWA
Located 1 miles north of St. Paul on J38 then mile west on 110th Street.
WEDNESDAY, OCTOBER 12, 2011 AT 10:02 AM
THIS LAND SELLS POSITIVELY TO THE HIGHEST BIDDER!!
Preview on Wednesday, September 28th from 10-11 am
72.9 Acres M/L
FSA information:
65.36 acres tillable
119 bushel corn yield and 34 acre corn base
40 bushel bean yield and 24.9 acre bean base
Corn suitability rating is 47.1 [ Click Here ] for soil map
Located in Section 10, Marion Township, Lee County, Iowa
TERMS: 20% down payment on October 12, 2011. Balance to be on or before November 11, 2011 upon delivery of merchantable abstract and deed.
POSSESSION: November 11, 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 esta...
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 at closing.
Gross $1326.83
Ag. Credit $59.45
Family Farm: $55.71
Net $1212.00 (rounded)
Reservations: All crops are reserved for the tenant.
SPECIAL PROVISIONS:
~ Buyer shall cooperate by signing any needed paperwork at no additional cost to them in a 1031 exchange if the seller opts to do so.
~ 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 Lee County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Future government programs.
~ 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.
~ 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.
Owner: Linda Kruse
Jim Becker - Attorney
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