Hospers, IA 51238(Sioux County)

Auctioneers Note: Our company is honored to have been selected by the Van Gelder family to offer for sale these excellent tracts of Sioux County, IA farmland! As many of you know Ren was a very well respected auctioneer in Northwest IA for many decades and it is an honor to represent the Van Gelder Family in the sale of this farmland! If you are looking to expand your current operation or for a great investment property then be sure to call an auctioneer listed below today to receive a full informational packet! This auction will be held at the site of the farmland!

Abbreviated Legal Description of Tract 1: The SW1/4 of the SW1/4 and the fractional West 1/2 of the SE1/4 of the SW1/4 of Section 22, TWP 96N, Range 43W, Sioux County, IA. Subject to all easements and public roads of record. This property will be surveyed prior to auction day.

General description of Tract 1: According to the Sioux County, IA assessor, this property contains 60+/- gross acres (To be adjusted after certified survey). According to FSA this farm contains approx. 55.92+/- tillable acres with the balance in road and ditch and grass waterway. This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 173bu. On corn and 50bu. On soybeans. This farm is classified as NHEL. The predominant soil types include: 310B-Galva, 133-Colo, 91B-Primghar, 78C2-Sac, 31-Afton. The average CSR1 is 67.1 and the average CSR2 is 91.5. This farm appears to have a good state of productivity and is well managed. This farm does have some drainage tile installed. This farm has great soil ratings! This farm is leased for the 2022 crop year and the buyer shall receive the full rent for 2022 at closing and will also receive a rent subsidy from the seller! This is a great opportunity!

Abbreviated Legal Description of Tract 2: The NE1/4 of the SW1/4 and the fractional East 1/2 of the SE1/4 of the SW1/4 of Section 22, TWP 96N, Range 43W, Sioux County, IA. Subject to all easements and public roads of record. This property will be surveyed prior to auction day.

General description of Tract 2: According to the Sioux County, IA assessor, this property contains 59+/- gross acres (To be adjusted after certified survey). According to FSA this farm contains approx. 56.63+/- tillable acres with the balance in road and ditch and grass waterway. This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 173bu. On corn and 50bu. On soybeans. This farm is classified as NHEL. The predominant soil types include: 310, B, B2-Galva, 133-Colo, 78C2-Sac, 33D2-Steinauer, 78B2-Sac, 31-Afton. The average CSR1 is 64 and the average CSR2 is 87.4. This farm appears to have a good state of productivity and is well managed. This farm does have some drainage tile installed. This farm has great soil ratings! This farm is leased for the 2022 crop year and the buyer shall receive the full rent for 2022 at closing and will also receive a rent subsidy from the seller! This is a great opportunity!

Method of sale: These farms will be surveyed and the final sale price shall be based on the final bid x the gross surveyed acres. These farms will be offered in the choice method with the first successful bidder having the option to take the tract of their choice. The first successful bidder will be allowed to select 1 tract and then the remaining tract will be sold. Auction will be held at the site of the Land.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $3,642.00 per year. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

Possession: Possession will be on March 1, 2023 due to the current farm lease. Buyer will receive the full rent for 2022 from the seller and seller will also be subsidizing the rent for 2022. Tenant has the right to bale stalks/stubble on the property. Buyer may have possession of the property after baling and removal of bales is completed.

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 June 20, 2022 when the buyer shall receive a clear and merchantable title to the property. Penalties may apply should buyer delay closing. 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. Aerial maps, soil maps and auction booklets are available upon request. All buyers are encouraged to do buyers due diligence. Buyer is responsible to terminate the current lease prior to Sept 1. 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. Tisha HalversonAttorney for Seller.

Reynold (Ren) & Eleanor Van Gelder Family Owners