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

               10:00 A.M. Tuesday, January 10th, 2006         

                   280 Acres more or less - Offered in 3 Tracts
  Sale to be held at the Royal Community Center located on 302 Main St., Royal, Iowa
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TRACT #1      155 +/- ACRES   ** ALL TILLABLE LAND
FARM LOCATION:  From Sioux Rapids, IA at the Junction of Hwy. 71 & 10 -  4-1/2 miles west on
Highway 10 & 1/4 mile north on M36 (170th St.)
LEGAL:  South Half of the Northwest Quarter (S1/2NW1/4) less acreage site of  5.26 acres AND the North Half of the Southwest Quarter (N1/2SW1/4) of Section 29, T-94-N, R-37-W of the 5th P.M., Clay County, Iowa (exact legal description to be taken from Abstract of Title)
TAXES:
  Net Annual Taxes payable 2005/2006 - $3,588     Net Taxable Acres - 152.53
FSA DATA:  151.0 Tillable acres     Corn Base - 83.9 acres       Direct/CC Corn Yield - 125 Bu.
                                                            Bean Base - 66.9 acres      Direct/CC  Bean Yield - 41 Bu.

SOILS (per NRCS):
  McCreath(1091), Gillett Grove(1092), Ransom(282), Afton(31) & Sac(77B)                                                Average CSR - 80 
COMMENTS:  A farm that will meet the expectations of the most discriminating Buyer.
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TRACT #2      45.4+/- ACRES     **FSA TILLABLE ACRES

FARM LOCATION:  From Sioux Rapids, IA at the Junction of Hwy. 71 & 10 - 1 mile north on Highway 71
LEGAL:  South Half of the South Half of the Southwest Quarter (S1/2S1/2SW1/4) of Section 24,
T-94-N, R-37-W of the 5th P.M., Clay County, Iowa
(exact legal description to be taken from Abstract of Title)
TAXES:  Net Annual Taxes payable 2005/2006 - $1,030     Net Taxable Acres - 44.4
FSA DATA:
 45.4 Tillable acres    Corn Base - 22.7 acres       Direct/CC Corn Yield - 125 Bu.                                                          Bean Base - 22.7 acres       Direct/CC  Bean Yield - 41 Bu.
SOILS (per NRCS):
  McCreath(1091), Gillett Grove(1092), Afton(31) & Ransom(282)    
                                            Average CSR - 81
COMMENTS:  Location-Location-Location…right on  Hwy. 71 north of Sioux Rapids. 
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TRACT #3      80 +/- ACRES     **ALL  PASTURE  LAND
FARM LOCATION:  From Rossie, IA - 2 miles west on B53 (440th St.) & 1 mile south on 180th Ave.
LEGAL:  A parcel of land (80.065 gross surveyed acres) in the Northeast Quarter (NE1/4) of
Section 5, T-94-N, R-37-W of the 5th P.M., Clay County, Iowa
(exact legal description to be taken from Abstract of Title)
TAXES:
  Net Annual Taxes payable 2005/2006 - $372    Net Taxable Acres - 76.806
SOILS (per NRCS):  Colo(133), Sac(77B), Moneta(433E), Everly(637D2) & McCreath(1091)           
                                            Average CSR - 57

COMMENTS:  This is your chance to own a large tract of pasture.                                     
                                                        **DON’T MISS THIS SALE!!
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GENERAL TERMS:  Tract #1 to be sold 1st and Tract #2 & #3 to follow in that order.  10% down payment will be required on the day of the auction & Buyer(s) shall sign a real estate contract requiring the balance to be paid by Certified Funds at closing on or before February 28th, 2006.  Bids are not contingent upon financing & Buyer(s) is required to arrange for any necessary financing prior to the auction.  Owners shall pay real estate taxes due Spring & Fall 2006.  Possession shall be on settlement.  Owners reserve the right to reject any or all bids on day of sale.  Owners shall furnish the successful Buyer(s) Abstract showing good title.  Buyer(s) shall be responsible for obtaining a title opinion.  Announcements made the day of the sale shall supercede any previous information.  Hoover Real Estate Co., its affiliated licensees & the Auctioneer represent the Owners exclusively in this auction.

OWNERS: Kenlee & Trudy Dumkrieger, Sonya Smith and Shannon & Mike Tritten
 
ATTORNEY:  Christopher A. Bjornstad


CLIFF  HOOVER, BROKER
 CLINTON JONES, AUCTIONEER
for more information/brochure
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 Owners, Broker or Auctioneer.  Buyer(s) are advised to make their own inspections and do independent research on the properties.