Doon, IA 51235(Lyon County)

Auctioneers Note: Our company is honored to have been selected by Joan to offer for sale at public auction this excellent irrigated farm in Doon TWP, Lyon County, IA! This farm lays fantastic and with long rows this farm is easy to farm with large equipment! This is a wonderful opportunity to purchase a farm with irrigation in an area where irrigated farmland is not often for sale!

Abbreviated Legal Description: The West 1/2 of the SE1/4 And the East 1/2 of the SW1/4 Excepting Railroad right of way and excepting a tract described as East 862 of the North 2,016 of the W1/2 of the SE1/4 and Excepting Parcels C, F &E and excepting a tract commencing at center of said Section 23 thence East 458 thence South 1781 to the point of beginning thence West 113, thence Southwesterly 213 to the center of public highway thence Southeasterly 124 along the center line of highway to a point due South of the point of beginning thence North 232 to the point of beginning, all located in Section 23, TWP 98N, Range 46W, Lyon County, IA. Sold subject to public roads and easements of record.

General description: According to the survey, this property contains 87.74 gross acres. According to FSA, this farm contains approx. 73.23+/- tillable acres under irrigation, approx. 10.29+/- acres of non irrigated cropland, approx. 3.80+/- acres of trees/grass in the Northeast corner with the remainder in road/ditch. This farm is classified as NHEL. The predominant soil types include: 608, B-Dempster, 203-Cylinder, 410B-Moody, 486-Davis, 541D-Esterville-Salida, 174B, C2-Bolan, 878B, B2-Ocheydan, 501. The average CSR2 is 45.5 and the average CSR1 is 51.3 on the irrigated tillable farmland. This farm recently had a 5 tower Zimmatic 9500P w/ 8500 Series Spans irrigation system installed in 2016 and the irrigation system will be included with the farm!! This property has one approx. 159 feet deep Pleistocene well and one existing alluvial well which is approx. 40ft deep and the buyer will be responsible to transfer the well permit into the buyers name. The current well permit number is #6777m4. The elec for the irrigation is provided from Mid American Energy. This farm has a corn base only with a PLC yield of 161bu. This land has been operated by an excellent tenant who has done an excellent job of maintaining this farm! This farmland would make a great addition to your current farming operation or would make a great investment opportunity! It is not often you have the opportunity to purchase an irrigated farm in this area! An irrigated farm is hard to come by so make plans today to purchase a farm which will give you consistent yields! Land long term has historically been a great investment! An opportunity like this is not always available!

Method of sale: Farm will be sold with the final bid price x the gross surveyed acres. Auction will be held at the site of the farmland.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are approx. $1,300.00 per year. Seller will pay the 2022 taxes which are due and payable in March and Sept of 2023.

Possession: Possession will be on March 1, 2023. This land is available to farm for the 2023 crop year.

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 agreementwith the remaining balance due and payable on closing day on or before December 27, 2022 when the buyer shall receive a clear and merchantable title to the property. This farm is 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. Aerial maps, soil maps and auction booklets are available upon request. All information provided including but not limited to acres, years, plc yields, etc. are not guaranteed and buyers are encouraged to verify any information that is important to the buyer. If buyer delays closing penalties may apply. All buyers are encouraged to do buyers due diligence. 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. Paul Kippleyattorney for the seller.

Joan Marie Groeneweg Revocable Trust Owner

Auctioneers:

Zomer Company