HOOVER REAL ESTATE CO.
9:30 A.M. Wednesday, October 30th, 2002
160 Acres more or less
LOCATED:
At the farm site, from Barb's Corner on Highway 18 & County Road M27 6
miles north and 1 mile west on 260th Street.
LEGAL: The Southeast Quarter (SE ¼)
of
Section 29, Township 98 North, Range 38 West of the 5th
P.M.,
TAXES:
Net annual taxes payable 2002 & 2003 - $2,450
FSA DATA:
153.2 Tillable acres Corn Base - 78.7 acres Corn Yield – 117 Bu.
SOILS: Primghar, Ransom, Fostoria, Ocheyedan
and Bolan Average CSR - 67.5
COMMENTS:
This is a well-tiled productive farm. The Seller
has owned the farm for 20 years and has always had top yields on the property.
Fertility levels are very good. Excellent opportunity to own a top-notch
farm at an excellent location. There are three 3,200-bushel grain bins and
one 8,000-bushel drying bin.
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
Seller’s rights,
which shall terminate at the end of the 2002 crop year. Seller shall pay real estate taxes due Spring
and Fall of 2003. Buyer(s) to receive all government payments for the
2003 crop year. Buyer(s) will be expected to cooperate with Seller doing a
1031 Tax Deferred Exchange at no expense or liability to the Buyer(s). 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: D-DOUBLE-U CORP. -
Denny Winterboer, President
ATTORNEY: Christopher A. Bjornstad
CLIFF
HOOVER, BROKER – MEL HENNING, AGENT – CLINTON JONES, AUCTIONEER
for
information
call.....712-262-9555
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.