Little Rock, IA 51243(Lyon County)

Auctioneers Note: We are honored that the Rehms family has selected our company to offer these great tracts for sale at live public auction!! These tracts offer a great opportunity to purchase high caliber farmland to add to your portfolio! Call an auctioneer listed below today to receive a full informational packet! This auction will be held at the site of the farmland!!

Legal Description of Tract 1: Parcel E in the SE1/4 of Section 22, TWP 100N, Range 43W, Lyon County, IA. Subject to all public easements and roads of record.

General description of Tract 1: According to the survey, this property contains 80.60 gross acres and according to FSA and the recent survey contains approximately 76.75+/- tillable acres with the remainder in road/ditch and grass waterway. This farm has a corn base combined with the adjoining farmland with a PLC yield of 168bu. and has a soybean base combined with the adjoining farmland with a PLC yield of 50bu. FSA will do a reconstitution on base acres once the property is sold. This farm is classified NHEL & UHEL. The predominant soil types include: 77B, C2-Sac, 92-Marcus, 91, B-Primghar. The average CSR1 is 66.6 and the average CSR2 is 95.3. This farm appears to have a good state of productivity and is well managed. This farmland would make a great addition to your current farming operation or would make a great investment opportunity!! Make plans today to attend this auction!!!

Legal Description of Tract 2: Parcel D in the SE1/4 of Section 22, TWP 100N, Range 43W, Lyon County, IA. Subject to all public easements and roads of record.

General description of Tract 2: According to the survey, this property contains 80.69 gross acres and according to FSA contains approximately 78.75+/- tillable acres with the remainder in road/ditch. This farm has a corn base combined with the adjoining farmland with a PLC yield of 168bu. and has a soybean base combined with the adjoining farmland with a PLC yield of 50bu. FSA will do a reconstitution on base acres once the property is sold. This farm is classified as NHEL & UHEL. The predominant soil types include: 77B, C2-Sac, 91, B-Primghar, 92-Marcus. The average CSR1 is 64.6 and the average CSR2 is 95.2. This is an inside tract of farmland! This farm appears to have a good state of productivity and is well managed. This farmland would make a great addition to your current farming operation or would make a great investment opportunity!! Make plans today to attend this auction!!!

Method of sale: Auction will be held at the site of the farmland. Farmland will be sold with the final bid price x gross surveyed acres. Farms will be sold in the choice method with the first successful winning bidder having the choice of purchasing Tract 1 or Tract 2. First successful bidder will only be allowed to select 1 tract. After the first successful bidder selects the tract of their choice the remaining tract will be sold.

Taxes: According to the Lyon County Treasurer for Tract 1 are approx. $2,793.60 per year and approx. $2,796.72 per year on Tract 2. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

Possession: Full Possession on both Tracts will be on March 1, 2022.

Terms: Purchaser (s) will be required to pay a non-refundable 15% of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 3, 2021 when the buyer shall receive a clear and merchantable title to the property. These farms are being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Any announcements made day of the auction will supersede any advertisements. This Auction is subject to court approval. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Michael Chozen Attorney for Seller.