Orange City, IA 51041(Sioux County)

Attention farmers and investors! These tracts of farmland have been in the family for many years and are now being offered for sale at live public auction! Do not miss this opportunity to purchase one of these great tracts of farmland! 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 E1/2 AND Parcel D in the N1/2 of Section 16, TWP 94N, Range 44W, Sioux County, IA. Subject to all public roads and easements of record including the driveway access easement for the existing driveway to the acreage site.

General Description of Tract 1: According to the survey, this property contains 81.13 gross acres. According to FSA/Survey this farm contains approx. 74.6 tillable acres, approx. 4.25+/- acres of CRP with an annual payment of approx. $1,917.47 with a contract ending 9-30-2031, with the remaining balance in road and ditch. This farm is an inside tract of farmland! This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 174 bu. on corn and a PLC yield of 50bu. on soybeans. This farm has 74.03 acres classified as NHEL and approx. 4.82 acres classified as HEL. The predominant soil types include: 310B2, C2-Galva, 810, B-Galva, 91B-Primghar, 133-Colo, 467-Radford. The average CSR1 is 65.5 and the average CSR2 is 91.5. This farm appears to have a good state of productivity and is well managed. This is a high quality farm in a great area!

Legal Description of Tract 2: Parcel C in the S1/2 AND Parcel B in the SW1/4 all in Section 15, TWP 94N, Range 44W, Sioux County, IA. Subject to all public roads and easements of record.

General Description of Tract 2: According to the survey, this property contains 86.31 gross acres. According to FSA/Survey this farm contains approx. 76.93 tillable acres, approx. 8.11+/- acres of CRP with an annual payment of $2,099.00 the contract for 2.01 acres of the CRP ends on 9-30-2027 and the contract for the remaining 6.1 acres of CRP ends on 9-30-2022, with the remaining balance in road and ditch. This farm adjoins Jay Ave on the West side of the farm and adjoins HWY 60 on the East side of the farm! This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 174 bu. on corn and a PLC yield of 50bu. on soybeans. This farm is classified as NHEL. The predominant soil types include: 310B, B2, C2-Galva, 91, B-Primghar, 810B-Galva, 11B-Radford-Judson, 33D2-Steinauer, 78D2-Sac. The average CSR1 is 62.6 and the average CSR2 is 88.8. This farm appears to have a good state of productivity and is well managed. This is a high quality farm in a great area!

Method of sale: The tracts will be sold in the order listed and will not be combined. Tracts will be sold with the final bid price x the gross surveyed acres. Auction to be held on site at the farmland.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $2,372.00 per year on Tract 1 and approx. $2,522.00 per year on Tract 2. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

Possession: Possession will be on March 1, 2022 due to the current farm lease.

CRP: Buyer will be required to assume the current CRP contracts and will responsible to comply with all regulations of the CRP and any midterm maintenance costs will be the sole expense of the buyer. Seller will retain the 10-1-2021 CRP payment. All future payments will go to the buyer.

Terms: Purchaser(s) will be required to pay a non-refundable 15% of the purchase price as earnest money deposit on each tract, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 29, 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 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. 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. Brad De JongAttorney for Seller.