Wapello County Land Auction
Agency, Iowa
Located 3 miles east of Agency on Hwy 34 then 2 miles north on V43 then mile west on 92nd Street.
MONDAY, DECEMBER 17, 2012 AT 10:02 A.M.
2013 FARMING RIGHTS!!
80 Acres M/L
FSA Information: 57.7 acres tillable of which 3.4 acres is in CRP at $242.42 per acre = $824.00, expires 9/30/19
121 bushel corn yield with a 39.7 acre corn base
30 bushel bean yield with a 14.6 acre bean base
CSR is 45.2
Located in Section 21, Pleasant Township, Wapello County, Iowa.
TERMS: 20% down payment on December 17, 2012 balance to be paid at closing with projected closing date of January 21, 2013 upon delivery of merchantable abstract and deed.
POSSESSION: Projected date of January 21, 2013
REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior y...
REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.
The following taxes are approximate and will be used to prorate at closing.
Gross $1135.36
Ag Credit $55.89
FF Credit $39.47
Net $1040.00 (rounded)
Special Provisions:
Buyer shall cooperate by signing any needed paperwork at no additional cost to them in a 1031 exchange if the seller opts to do so.
It shall be the obligation of the buyer to report to the Wapello County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. Prorate of CRP.
CRP is as follows: 3.4 acres CRP at $242.42 per acre = $824.00, expires 9/30/19
Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer further agrees to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer elect to take the ground out of CRP, the buyer will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.
The seller shall not be obligated to furnish a survey.
The buyer shall be responsible for any fencing in accordance with Iowa state law.
The buyer shall be responsible for installing his/her own entrances if needed or desired.
If in the future a site clean up is required it shall be at the expense of the buyer.
This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
Donna Gabeline Trust
Roger Huddle Attorney
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