Boyden, IA 51234(Sioux County)

Auctioneers Note: We are honored that the Hollander family has asked us to represent them in this offering of excellent Sheridan TWP, Sioux County, IA farmland! This a great opportunity to purchase land which has been in the Hollander family for many years! If you are looking to add one or both of these tracts to your operation or investment portfolio then be sure to attend this auction!

Legal Description of Tract 1: The fractional East 1/2 of the W1/2 of the Southeast 1/4 And the fractional portion of the W1/2 of the Southwest 1/4 of the Northeast 1/4 all located East of Parcel A, located in Section 12, TWP 97N, Range 44W, Sioux County, IA Excepting Parcel A & Parcel B. Subject to all public easements and roadways of record. Exact legal description to be determined by certified survey.

General description of Tract 1: According to the Sioux County assessor, this property contains 54+/- gross acres and according to FSA contains approximately 46.6 tillable acres, approx. 6.96 acres of CRP which has an annual payment of approx. $1,600.00 with a contract ending on 9/30/2030, with the remainder in road/ditch. Seller will retain the full 10-1-2022 CRP payment and buyer shall receive all future payments. This 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 192bu. On corn and a PLC yield of 37Bu. On soybeans. This farm is classified as NHEL. The predominant soil types include: 310-Galva, 91-Primghar, 133-Colo, 810B-Galva, P733-Calco, 259-Biscay. The average CSR1 is 71.7 and the average CSR2 is 92.4. This farm appears to have a good state of productivity and is well managed. This farm is an inside tract of farmland! This farm is leased for the 2022 crop year and the buyer shall receive the full rent for 2022 and a rent subsidy. Make plans today to attend this auction!!!

Legal Description of Tract 2: The East 1/2 of the Southwest 1/4 of Section 12, TWP 97N, Range 44W, Sioux County, IA Excepting Parcel A therein AND The fractional W 1/2 of the W1/2 of the Southeast 1/4 And the fractional portion of the East 1/2 of the Southwest 1/4 of the Northeast 1/4 all located West of Parcel A, located in Section 12, TWP 97N, Range 44W, Sioux County, IA Excepting Parcel A & Parcel B. Subject to all public easements and roadways of record. Exact legal description to be determined by certified survey.

General description of Tract 2: According to the Sioux County assessor, this property contains 95+/- gross acres and according to FSA contains approximately 88.26 tillable acres, approx. 3.78 acres of CRP which has an annual payment of approx. $865.00 With a contract ending on 9/30/2030, with the remainder in road/ditch. Seller will retain the full 10-1-2022 CRP payment and buyer shall receive all future payments. This 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 192bu. On corn and a PLC yield of 37Bu. On soybeans. This farm is classified as NHEL. The predominant soil types include: 310, B, B2-Galva, 91, B-Primghar, 133-Colo, 259-Biscay, 92-Marcus. The average CSR1 is 71.5 and the average CSR2 is 93.3. This farm appears to have a good state of productivity and is well managed. This farm is an inside tract of farmland! This farm is leased for the 2022 crop year and the buyer shall receive the full rent for 2022 and a rent subsidy. Make plans today to attend this auction!!!

Method of sale: Auction will be held at the site of the land. Farmland will be sold with the final bid price x the final gross surveyed acres. Tracts will be offered in the choice method with the first successful bidder being allowed to select the tract of their choice. The first successful bidder will be permitted to select 1 tract only and then the remaining tract will be sold.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer for Tract 1 are approx. $1,564.00 per year and approx. $2,788.00 per year on Tract 2. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

Possession: Landlord possession will be on closing day. Full possession will be on March 1, 2023. Buyers are responsible to terminate existing farm lease per Iowa Statutes.

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 July 20, 2022 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. All buyers are encouraged to do buyers due diligence. Buyers are required to assume the current CRP contract and will be responsible for any midterm maintenance as needed. 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. De Koster & De Koster PLLC Attorneys for Seller.

John R. Hollander Family- Owners