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

             9:30 A.M. Tuesday, August 6th, 2002          

 80 Acres more or less

LOCATED: At the farm site, southwest of Royal at the intersection of County Road M-27 and B-53 2 miles west and 1/2 miles south on 110th Avenue.
LEGAL: East Half (E1/2) of the Southeast Quarter (SE1/4) of Section 31, Township 95 North, Range 38 West of the 5th P.M., Clay County, Iowa (exact legal description to be taken from Abstract of Title)
TAXES:  Net annual taxes payable 2001 & 2002 - $1,338
FSA DATA:  70.1 Tillable acres   Corn Base - 46.8 acres   Corn Yield – 117 Bu.
SOILS:  Primghar, Marcus, and Afton    Average CSR - 80
COMMENTS:  This sale offers the Buyer(s) the opportunity to own a farm with some of the best soil types in Iowa.  This 80 acres make an excellent add-on for an operating farm or an excellent investment property.
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 September 6, 2002.  The Buyer(s) to receive the September 1, 2002 cash rent on closing in the amount of $5,680.  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.  Sellers shall pay real estate taxes due Fall of 2002 and Spring 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.

OWNERS: HEGEL FARMS, INC.
 


       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.