Carmel, IA 51247(Sioux County)

Auctioneers Note: We are honored to have been selected to offer these 2 tracts of farmland for sale at live public auction by the Ver Hoef family! Arnie & Ardene were very well known throughout the Sioux Center area and for their generosity in the community! A portion of the sale proceeds from this auction will go to benefit several charities!

Legal Description of Tract 1: The NW1/4 of the NW1/4 EXCEPT the W 662.42ft of the N 638.25ft in Section 24-96N-46W, Sioux County, IA AND the SW1/4 of the NW1/4 of Section 24-96N-46W, Sioux County, IA. To be surveyed. Subject to all easements and public roadways of record.

General Description of Tract 1: According to the Sioux County Assessor, this property contains 70+/- gross acres and according to FSA contains approximately 64.7 tillable acres, approx. 2.00 acres of grass waterway with the remainder in road/ditch. This farm has a corn base of 64.7 acres with a PLC yield of 181bu.. This farm is classified as NHEL. The predominant soil types include: 310B, B2-Galva, 31-Afton, 91B-Primghar. The average CSR1 is 67.5 and the average CSR2 is 89.1. 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!! This farm is leased for the 2022 crop year and buyer will receive the rent for 2022 and the seller will also be subsidizing the rent for 2022! Contact an agent for details!

Legal Description of Tract 2: The NW1/4 of the NW1/4 EXCEPT the W 662.42ft of the N 638.25ft in Section 24-96N-46W, Sioux County, IA AND the SW1/4 of the NW1/4 of Section 24-96N-46W, Sioux County, IA. To be surveyed. Subject to all easements and public roadways of record.

General Description of Tract 2: According to the Sioux County Assessor, this property contains 75+/- gross acres and according to FSA contains approximately 72.19 tillable acres, approx. 1.32 acres of grass waterway with the remainder in road/ditch. This farm has a corn base of 36.2 acres with a PLC yield of 178bu and a soybean base of 35.99 acres with a PLC yield of 59bu. This farm is classified as NHEL. The predominant soil types include: 310B, B2, C2-Galva, 91B-Primghar, 31-Afton. The average CSR1 is 67.2 and the average CSR2 is 89.8. 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!! This farm is available to farm for the 2022 crop year!

Method of sale: Auction will be held at the site of Tract 1. The farmland will be surveyed and the final purchase price will be based on the final gross surveyed acres. The tracts will be offered in the choice method. The first successful bidder will be allowed to select the tract of their choice. The first successful bidder may only select 1 tract. Once the first successful bidder selects their tract the remaining tract will be sold.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $2,382.00 per year on Tract 1 and approx. $2,624.00 per year on Tract 2. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

Possession: Buyer of tract 1 will receive landlord possession on closing day and full possession on March 1, 2023. Buyer of tract 2 will receive full possession 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 January 20, 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. Amanda BahenaAttorney for Seller.

Arnold Ver Hoef Irrevocable Trust &

Ardene Ver Hoef Revocable Living Trust- Owners