HOOVER REAL ESTATE CO.
9:30 A.M. Wednesday, September 22nd, 2004
160 Acres more or
less
Sale to be held at the Community Center in Marathon, Iowa
FARM LOCATION:
2-1/2
miles north on County Road M54 from Marathon, Iowa.
LEGAL: The West Half of the
Northeast Quarter (W1/2NE1/4) AND the East Half of the Northwest Quarter
(E1/2NW1/4)
of
Section 8, Township 93 North, Range 35 West of the 5th
P.M.,
TAXES:
Net annual
taxes payable 2004 & 2005 - $2,654.00
Net taxable acres - 157.58
FSA DATA: 3.6 CRP acres @ $126/acre -
Expires 9/30/2010
147.2 Tillable acres Corn Base - 96.9 acres Corn Yield - 126 Bu.
Bean Base - 50.3 acres Bean Yield - 41 Bu.
SOILS: Canisteo, Okoboji, Clarion and
Nicollet - Average CSR -
69
COMMENTS:
This farm located on a hard surfaced road is an excellent
opportunity to add very productive farmland to your existing operation or a
great investment unit to increase your net return on your capitol.
TERMS: 10% down payment will be required
the day of the auction & Buyer shall sign a real estate contract requiring the
balance to be paid by Certified Funds at closing on or before January 5th ,
2005. Bids are not contingent upon financing & Buyer is required to
arrange for any necessary financing prior to the auction. Possession shall
be on closing, subject to Tenant's rights, which shall terminate at the end of
the 2004 crop year on February 28th, 2005. Buyer shall have the right to
enter the property after the fall harvest for the purpose of fall tillage.
The 2004-2005 CRP payment due in October will be pro-rated between Owners &
Buyer by the FSA based on the date the Warranty Deed is recorded. Owners
shall pay real estate taxes due Spring & Fall 2005. Owners shall furnish
the successful Buyer Abstract showing good title. Buyer shall be
responsible for obtaining a title opinion. Owners reserve the right to
reject any or all bids on day of sale. 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.
OWNERS: LeRoy John Grund,
Lewis J. Grund, Robert J. Grund,
Betty Jane Grund & Dorothy Meister
ATTORNEY: Norris G. Olney
CLIFF
HOOVER, BROKER
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 Owners, Broker or
Auctioneer. Buyer is advised to
make their own inspections and do independent research on the properties.