HOOVER REAL ESTATE CO.
10:00 A.M. Thursday, February 16th, 2006
162.2 Surveyed Acres - Offered in 2 Tracts
FARM/SALE LOCATION:
From
Royal, IA - 2 miles west on B40 (400th St.), 1 mile south on M27 (130th Ave.), 1
mile wet on 410th St. & 1/2 mile south on 120th Ave. OR from Everly, IA - 7
miles south on M27 (130th Ave.), 1 mile west on 410th St. & 1/2 mile south on
120th Ave.
FSA DATA:
159.9 Tillable acres Corn
Base - 108.5 acres Direct/CC Corn Yield - 123 Bu.
Soybean Base -
50.1 acres Direct/CC Soybean Yield - 42 Bu.
**New FSA data to be established if tracts are sold separately
NRCS Average CSR - 80 Corn Yield - 174.7 Bu.
Soybean Yield - 52.9 Bu.
SOILS (per NRCS): McCreath(Primghar),
Gillett Grove(Marcus), Sac & Annieville(Galve)
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TRACT #1 - 80.93 SURVEYED ACRES
LEGAL: East Half of the Southwest Quarter (E1/2SW1/4) of Section 17, Township 95 North, Range 38 West of the 5th P.M., Clay Co., IA (exact legal description to be taken from Abstract of Title)
TAXES:
Net Annual Taxes payable 2005/2006 - $1,556.00 Net Taxable Acres -79
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TRACT #2 - 81.27 SURVEYED ACRES
LEGAL: North Half of the Southeast Quarter (N1/2SE1/4) of Section 17, Township 95 North, Range 38 West of the 5th P.M., Clay Co., IA (exact legal description to be taken from Abstract of Title)
TAXES:
Net Annual Taxes payable 2005/2006 - $1,510.00 Net Taxable Acres - 79
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COMMENTS:
All tillable land..........own some of Iowa's Finest!!!
GENERAL TERMS: Bidding will commence on a price/acre basis & the successful bidder may choose Tract #1 OR Tract #2 OR may elect to purchase BOTH tracts at the price bid. Bidding will continue until both tracts are sold. 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 March 10th, 2006. Bids are not contingent upon financing & Buyer(s) will be 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, subject to the existing oral cash rent lease for the 2006 crop year on a total of 158 acres at $150/tillable acre in 3 installments guaranteed by Owners. Owners reserve the right to reject any or all bids on day of sale. Owners shall furnish the successful Buyer(s) Abstract(s) showing good title. Buyer(s) shall be responsible for obtaining a title opinion. Any announcements made the day of the sale shall supersede any previous information. Hoover Real Estate Co., its affiliated licensees & the Auctioneer represent the Owners exclusively in this auction.
OWNERS:
Robert & Phyllis Goyette,
Arlene & Robert Nelson and Robert & Bonnie Blaue
ATTORNEY:
Michael R. Bovee
CLIFF
HOOVER, BROKER
MEL HENNING, SALES AGENT
CLINTON JONES, AUCTIONEER
for
more information/brochure
call.....712-262-9555
or e-mail.....
DISCLAIMER: All
information has been taken from sources deemed to be reliable; however, no
guaranty of its accuracy is made or implied by Owner, Broker or
Auctioneer. Buyer(s) are advised to
make their own inspections and do independent research on the properties.