24758 94th Street , Columbus Junction, IA 52738(Louisa County)

Tracts #1, 2 & 3 will be sold price per acre and will be selling Choice with the Privilege. High bidder may take Tract #1, Tract #2 or Tract #3 or all tracts or any combination of tracts, in any order, for their high bid. This will continue until all three tracts are sold. Tract #4 will sell after Tracts #1-3 are sold and will be sold lump sum price.

Auctioneers Note: The farm is selling Free and Clear for the 2017 farming season. This auction is selling by Court Order and will be transferred by Court Officers Deed or Deeds.

TRACT #1 84 Acres M/L Subject to final survey

FSA information: 71.68 acres tillable, balance being timber.

Corn Suitability Rating 2 of 82.8 (CSR 1 of 83.1) on the tillable.

Located in Section 23, Elm Grove Township, Louisa County, Iowa.

TRACT #2 87 Acres M/L Subject to final survey

FSA information: 74.83 acres tillable, balance being timber.

Corn Suitability Rating 2 of 83.8 (CSR 1 of 83.2) on the tillable.

Located in Section 23, Elm Grove Township, Louisa County, Iowa.

TRACT #3 47 Acres M/L Subject to final survey

This property has great potential for recreational opportunities as the property is all timber with Buffington Creek running through the property. Access by V Avenue. Located in Sections 14 & 23, Elm Grove Township, Louisa County, Iowa.

TRACT #4 4 BEDROOM HOME ON 2 ACRES M/L Subject to final survey

Home is located at 24758 94th Street, Columbus Junction.

This 1 story, four bedroom home has 2,030 sq. ft. of living space. The home features a large kitchen with refrigerator, electric stove and laundry hookups. The main level also has two bedrooms, living room, dining room, office and bathroom. The upstairs has two bedrooms and storage rooms & closets.

The home has updated windows(except front living room), enclosed back porch, Heil electric forced air furnace w/ central air and electric baseboard heat. Other amenities include electric water heater, 150 amp breaker box and well.

Several usable buildings to include: Large barn, Open faced machine shed, Shed with concrete floor, Small granary, Garage & Utility shed. Grain bins include: approx.. 10,000 bu. bin w/ dryer & 3,000 bu. bin. All located on 2 acres M/L, subject to final survey.

Included: Refrigerator, Stove

Not Included: Portable utility shed, LP tank, Farm Machinery, All Personal Property, 2017 crops.

Terms: 20% down payment on Tuesday, November 15, 2016. Balance at closing with a projected date of December 28, 2016 upon delivery of merchantable abstract and Court Officers deed and all objections have been met.

Possession: Projected date of December 28, 2016.

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

Tract #1

Gross $2,481.99

Ag. Credit (105.03)

Family Farm Credit (73.39)

Net $2,240.00 (Approx.)

Tract #2

Gross $2,261.60

Ag. Credit (100.03)

Family Farm Credit (68.64)

Net $2,092.00 (Approx.)

Tract #3

Gross/Net $0

Currently in forest reserve.

Tract #4

Gross $860.45

Family Farm Credit (2.47)

Net $858.00 (Approx.)

Special Provisions:

All farms are being sold free and clear for the 2017 farming season.

It shall be the obligation of the buyer(s) to report to the Louisa County FSA office and show filed deed(s) in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.

All Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for each tract, except Tract #4 the home will be sold lump sum price.

Tract #4 is exempt from the Time of Transfer Inspection of the septic, due to this being Court Ordered and a deed arising from a partition proceeding, Iowa Code 455B.172(11). Any future inspections, upgrades, repairs, maintenance or other matters to the septic systems will be at the buyer's expense in accordance with Louisa County & Iowa Laws & regulations.

This auction sale is not contingent upon Buyers financing or any other Buyer contingencies.

The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.

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)

The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.

If in the future a site clean-up is required it shall be at the expense of the buyer(s).

This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

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.

Any announcements made the day of sale take precedence over advertising.

Elaine Gipple

William Mathews Attorney for Elaine Gipple

and

Patricia Peay

Roger A. Huddle Attorney for Pat Peay

For more information contact Nate Larson of Steffes Group at 319.385.2000 or 319.931.3944(cell)