Little Rock, IA 51243(Lyon County)

Auctioneers Note: We are honored to conduct this auction for the Dean Kruger Estate/FJK Farms Inc. As Dean tragically passed away in a car accident in the fall of 2017. The family has asked us to conduct a live onsite auction of their home acreage site and the adjoining 79.22 acres of farmland. This acreage site is well maintained and would make a great acreage site to build lasting memories as a family or a great base for your current farming operation. Opportunities to purchase the adjoining farmland are rarely available! Make plans today to attend an open house and to make this acreage your very own!!!

Abbreviated Legal Description of Tract 1: A Parcel in the NW1/4 of Section 12, Township 99N, Range 43, West of the 5th P.M., all located in Lyon County, IA. Sold subject to all public roads and easements of record.

General Description of Tract 1(Acreage Site): If you or your family has been searching for a great acreage site to build a legacy on then your wait is over! This acreage site is well maintained and is conveniently located centrally between Little Rock, Sibley, George & Rock Rapids!! This acreage site features a 4 bedroom, 2 story home with a double unattached garage. The main level of this home features a living room, eat in kitchen with oak cabinetry, formal dining room, very large master bedroom with a master bathroom with a tub/shower, office and laundry room. The 2nd level of this home features 3 bedrooms, bathroom with sink/stool, and a very large storage room. The basement of this home contains a bathroom with tub/shower, 2nd laundry with the remainder storage space. This home has a propane furnace and central a/c. This home has asphalt shingles which were new in approx. 2008/2009. This home will include the stove, refrigerator, dishwasher, and water softener. The outbuildings on this property include a 50 x 67 heated shop which was built in 2009. This shop features in-floor heat, Challenger 10,000# hoist, 14 x 27 loft, 11 x 15 utility room, 14 x 24 office, 6 x 7 bathroom w/ sink/stool, 18 side walls and a 16T x 26W overhead door. The other outbuildings on this property include a 45 x 97 machine shed w/ sliding doors, 25 x 30 building w/ rollup door, 35x 50 barn, 39 x 63 cattle shed w/ an additional 23x 69 connected cattle shed, 35x 64 open front cattle shed and various other outbuildings. This property also has several grain bins including a 34W x 18T bin w/ air(approx. 13,000bu.), 35W x 21T bin w/ Sukup dryer and newer drying floor(approx. 15,500bu.), 26W x24T bin w/ air(approx. 10,000bu.), and an older bin. This property is on well water and is served by Alliant Energy. Osceola County Rural water is available across the road to the North. The sellers have inspected the septic system and the property will require a new septic system at the expense of the new buyer. The propane tanks on this property are owned. Buyer will agree to reimburse seller for propane in tanks at closing. Propane price will be based on propane price the day of closing. This property is one of a kind and would make a great place for you or to raise a family. Be sure to come check it out at an open house and make plans today to attend!!!!

Abbreviated Legal Description of Tract 2 Parcel D in the NW1/4 of Section 12, TWP 99N, Range 43, West of the 5th P.M., Lyon County, IASubject to all public roads and easements of record.

General description of Tract 2(Farmland): According to the survey, this property contains 79.22 gross acres. According to Agri-Data, this farm contains approx. 71.75 tillable acres with the balance in road/ditch, approx. 3.37 acres of CRP with an annual payment of $1,085.00 with a contract ending 9/30/2026 and the balance in grass waterway. This farm has road on two sides. This farm has a corn and soybean base which is combined with the adjoining property with a plc yield of 165 bu on corn and a PLC yield of 47 bu on soybeans. This farm is classified as NHEL. The predominant soil types include: 310B, B2-Galva, 91, B-Primghar, 733-Calco, 77B, B2, C2-Sac, 33C, D-Steinauer, 27B-Terril. The average CSR1 is 64.2 and the average CSR2 is 88.7. This farm appears to have a good state of productivity and is well managed. This farm has had hog manure applied annually until 2018 and has a great state of fertility! This farms topography is sloped to rolling. This tract of farmland would make a great investment or addition to your current operation. Make plans today to attend this auction!!!

Method Of Sale: Tract 1 will be sold first in total dollars. Tract 2 will then be sold with the final bid price x gross surveyed acres. The tracts will not be combined.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer currently are estimated to be approx. $1,342.00 per year on Tract 1 and approx. $2,458.00 per year on Tract 2. Taxes will be prorated to date of closing.

Open Houses: Open houses will be held on the property on Saturday September 28, 2019 from 10:00 A.M. to 12:00 P.M. (Noon) and on October 3, 2019 from 5:30 to 7:00 P.M. or by appointment.

Possession: Possession will be on December 23, 2019 on the acreage site and on March 1, 2020 on the farmland.

Terms: The buyer(s) will agree to enter into purchase agreement with these terms. A $30,000.00 nonrefundable down payment will be due on the acreage site and 15% of the final sale of the farmland will be due immediately following the auction with balance due on closing day on or before December 23, 2019. This property is being sold as a cash sale with no finance contingencies. Full payment will be due and payable on closing day when clear and merchantable title will be given to the buyer(s). These properties are being sold as is where is with all defects and no warranties expressed or implied. All measurements, acres and square footages are based off assessors information. Although all information is deemed reliable, all buyer(s) are encouraged to inspect the property and verify any information. The Sale is subject to the confirmation of the sellers. Auctioneers and Agents are representing the sellers in this transaction. Any announcements made day of auction will supersede any advertising.-De Koster & De Koster PLLC sellers attorney

Dean Kruger Estate/FJK Farms Inc.-owners