HOOVER REAL ESTATE CO.
LAND AUCTION
Clay County – Summit Township

               9:30 A.M. Monday, September 23rd, 2002          

 150 Acres more or less

LOCATED: At the farm site, 1 mile west of Junction Hwy. 71 & County Road B14 thru the main street of Fostoria on County Road B14.
LEGAL: The Southwest Quarter (SW ¼) (less a building site of 10.09 acres) of Section 2, Township 97 North, Range 37 West of the 5th P.M., Clay County, Iowa (exact legal description to be taken from Abstract of Title)
TAXES:  Gross annual estimated taxes payable 2002 & 2003 - $2,772
FSA DATA:  130.6 Tillable acres   Corn Base - 64.2 acres   Corn Yield – 123 Bu.
SOILS:  Nicollet, Tripoli, Webster and Fostoria    Average CSR - 74
COMMENTS:  This farm has been in the Beving family for over 92 years.  The acreage has been sold out of the farm and with some clean-up work this property offers the opportunity to own a level prime all tillable tract of Iowa farmland.  Located on hard surface road midway between the Iowa Great Lakes & Spencer just off of Highway 71 corridor.
TERMS: 10% down the day of the auction. Buyer(s) shall sign a real estate contract requiring the balance to be paid on or before December 2, 2002.  Possession shall be on settlement, subject to Tenant’s rights, which shall terminate at the end of the 2002 crop year on February 28, 2003.  Buyer(s) shall have the right to enter the property after the fall harvest for the purpose of fall tillage and clean-up work.  Seller shall pay real estate taxes due Spring and Fall of 2003.  Announcements made the day of the sale shall supercede any previous information.  Hoover Real Estate Co., its affiliated licensees, and the Auctioneer represent the Owners exclusively in this real estate auction.

OWNER: DORIS BEVING ESTATE
ATTORNEY: BRADLEY HOWE


       CLIFF  HOOVER, BROKER –  CLINTON JONES, AUCTIONEER
for information
call.....712-262-9555  or e-mail..... hooverre@ncn.net
 

DISCLAIMER:  All information has been taken from sources deemed to be reliable; however, no guaranty of its accuracy is made or implied by Owner(s), Broker or Auctioneer.  Buyer(s) are advised to make their own inspections and do independent research on the properties.