Rock Rapids, IA 51246(Lyon County)

Auctioneers Note: The Zomer Company is honored to represent the Riter Family in offering at auction this high quality farmland which has been in the Riter family for decades! This land for generations has provided the Riter family with an outstanding opportunity for their family to have generational success and now for potentially the first time in your lifetime you have the opportunity to purchase these farms! Do not hesitate to build upon your familys legacy by purchasing these farms! Land is an investment which you will never be sorry you own!

Sale Date: February 6, 2024 10:30 A.M.

Abbreviated Legal Description of Tract 1: Parcel C (East 1/2) in the NW1/4 of Section 25, TWP 99N, Range 46W, Lyon County, IA. Sold subject to public roads and easements of record. This property will be sold subject to a 20ft access easement on the North side of the property.

General description of Tract 1: According to the recent survey, this property contains 79.12+/- gross acres. According to FSA/survey, this farm contains approx. 78+/- tillable acres. This farm is classified as NHEL. The predominant soil types include: 910-Trent, 733-Calco, 410B, B2, C2-Moody, 133-Colo. The average CSR2 is 73.9 and the average CSR1 is 67.1. This farm has a corn base of 37.40 acres with a PLC yield of 167bu and a soybean base of 37.70 acres with a PLC yield of 50bu. This is an outstanding tract of farmland with very few non tillable acres! This tract of farmland is one that you can be proud to own!

Abbreviated Legal Description of Tract 2: Parcel B (West 1/2) in the NW1/4 of Section 25, TWP 99N, Range 46W, Lyon County, IA. Sold subject to public roads and easements of record. This property will be sold subject to a 20ft access easement on the North side of the property.

General description of Tract 2: According to the recent survey, this property contains 79.08+/- gross acres. According to FSA/Survey, this farm contains approx. 76.56+/- tillable acres. This farm is classified as HEL. The predominant soil types include: 410B, B2, C2-Moody, 733-Calco, 31-Afton, 910, B-Trent, 133-Colo. The average CSR2 is 67.6 and the average CSR1 is 56.2. This farm has a corn base of 39.30 acres with a PLC yield of 167bu and a soybean base of 38.40 acres with a PLC yield of 50bu. This is an excellent tract of farmland! Land for generations has proven itself to be an excellent investment!

Abbreviated Legal Description of Tract 3: Parcel B in the NW1/4 of Section 24, TWP 99N, Range 46W, Lyon County, IA. Sold subject to public roads and easements of record.

General description of Tract 3: According to the recent survey, this property contains 114.12+/- gross acres. According to FSA, this farm contains approx. 108.43+/- tillable acres. This farm is predominantly classified as NHEL with approx. 1.85 acres classified as HEL. The predominant soil types include: T410, B-Moody, 410B, B2, C2-Moody, 733-Calco, 430-Ackmore, 910, B-Trent, 411C2, D2-Egan, 133-Colo. The average CSR2 is 71.9 and the average CSR1 is 62.8. This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 166bu. on corn and a PLC yield of 48bu on soybeans. This is an excellent opportunity to purchase a great farm with excellent soil ratings!!

Abbreviated Legal Description of Tract 4: Parcel C in the NW1/4 of Section 24, TWP 99N, Range 46W, Lyon County, IA. Sold subject to public roads and easements of record.

General description of Tract 4: According to the recent survey, this property contains 44.76+/- gross acres. According to FSA, this farm contains approx. 38.55+/- tillable acres. This farm is classified as NHEL. The predominant soil types include: 733-Calco, T410B-Moody, 430-Ackmore, 910, B-Trent, 410C2-Moody, 33C, D-Steinauer. The average CSR2 is 73.8 and the average CSR1 is 63.6. This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 166bu. on corn and a PLC yield of 48bu on soybeans. This is a great opportunity to purchase a smaller tract of farmland in an area where smaller tracts of land are not often available for sale!

Method of sale: Farms will be sold with the final bid price x the gross surveyed acres. These farms will be surveyed and the final sale price will be based on the gross surveyed acres. Auction will be held at the site of Tracts 1 & 2. Tracts will be sold in the choice method. Tracts 1 & 2 will be offered in the choice method first with the top successful bidder of the round of choice having the option to select the tract of their choice or both of the tracts. If only one of the 2 tracts is selected then whichever tract is remaining will then be sold. After both Tract 1 & 2 have been sold then Tracts 3 & 4 will be offered for sale in the choice method with the top successful bidder of the round of choice having the option to select the tract of their choice or both of the tracts. If only one of the 2 tracts is selected then whichever tract is remaining will then be sold. Once a Tract is sold it will remain sold.

Taxes: The current Real Estate Taxes according to the Lyon County Treasurer are approx. $2,036.00 per year on Tract 1, approx. $1,832.00 per year on Tract 2 and approx. $3,856.00 combined per year on Tracts 3 & 4. Seller will pay the 2023 taxes which are due and payable in March and Sept of 2024.

Possession: Possession of this farm will be on March 15, 2024. This land is available to farm for the 2024 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 agreement with the remaining balance due and payable on closing day on or before March 15, 2024, 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 and pictures 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. Buyer agrees to accommodate the sellers with a 1031 exchange if seller decides to complete an exchange. Aerial maps, soil maps and auction booklets are available upon request. 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. Austin, Haberkorn, Kippley & Wippert, PLC & De Koster & De Koster PLLC Attorneys for seller

Riter Family Trusts- Owner