UNRESERVED LAND AUCTION
52 ACRES M/L SELLS IN ONE TRACT (Subject to final survey)
LOUISA COUNTY, IOWA
MORNING SUN, IOWA
mile south of Morning Sun on X37 (N Avenue)
WEDNESDAY, NOVEMBER 16, 2011 AT 10:02 AM
THIS LAND SELLS POSITIVELY TO THE HIGHEST BIDDER!!
Preview on Wednesday, November 2nd from 10-11 am
52 ACRES M/L (Subject to final survey)
FSA information:
51.47 acres tillable
130 bushel corn yield and 27.5 acre corn base
34 bushel bean yield and 21.9 acre bean base
Corn suitability rating is 76.6 [ Click Here ] for soil map
Located in Section 36, Morning Sun Township, Louisa County, Iowa
TERMS: 20% down payment on November 16, 2011. Balance to be on paid or before December 16, 2011 upon delivery of merchantable abstract and deed.
POSSESSION: December 16, 2011
REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Seller...
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 $1114.60
Ag. Credit $50.37
Net $1064.00 (rounded)
Reservations: All crops are reserved for the tenant.
SPECIAL PROVISIONS:
~ Termination has been served to the tenant. 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 Louisa 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 farm will be surveyed by a registered land surveyor.
~ There will be a nonexclusive easement for ingress & egress for the adjoining land owner in the southeast corner to repair and maintain the septic tile drain. Any damage resulting from maintenance or repairs undertaken in that area or from damage resulting from the existence of the drain field itself shall be the adjoining land owner's responsibility.
~ 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: Delores Thomas
William Matthews - Attorney
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