HOOVER REAL ESTATE CO.
ABSOLUTE LAND AUCTION
Tuesday, April 4th, 2006 @ 10:00 a.m.
316.61 Surveyed Acres - Offered in 3 Tracts
Lloyd Township - Dickinson County , Iowa

FARM / SALE LOCATION : Located at the northwest corner of Terril , IA at the intersection of N14 & 230th St .
LEGAL DESCRIPTIONS : Three (3) parcels located in the South Half of Section 9, Township 98 North, Range 35 West of the 5 th P.M., Dickinson County , Iowa (exact legal descriptions to be taken from the survey of each Parcel)


SOIL TYPES: Nicollet(55), Webster(107), Coland(135), Clarion(138),
Waldorf(390), Talcot(559) & Crippin(655)

Tract #1 - 79.64 Surveyed Acres

Est. Annual Taxes: $968
Est. FSA Tillable Acres: 73.52
Corn Base: 36.78 Soybean Base: 36.68 Corn Direct/CC Yield: 117/138 Bu.
Soybean Direct/CC Yield: 37/45 Bu.
Yrly. County Leased Stockpile Acres: 2.0

Est. Average CSR: 71.78

Tract # 2 - 121.83 Surveyed Acres

Est. Annual Taxes: $1452
Est. Pastureland Acres: 23.52
Est. FSA Tillable Acres: 96.48
Corn Base: 48.26 Soybean Base: 48.22
Corn Direct/CC Yield: 117/138 Bu.
Soybean Direct/CC Yield: 37/45 Bu.
CRP Acres: .40

Est. Average CSR: 74.21

Tract #3 - 115.14 Surveyed Acres

Est. Annual Taxes: $1332
Est. FSATillable Acres: 109.2
Corn Base: 54.66 Soybean Base: 54.51 Corn Direct/CC Yield: 117/138 Bu.
Soybean Direct/CC Yield: 37/45 Bu.
CRP Acres: .20

Est. Average CSR: 70.58

Income property located only 8 miles from Okoboji , Iowa Great Lakes - recreational capitol of Iowa
Fall Tillage is included & Buyer(s) will have immediate possession on the day of sale
CERTIFIED CROP INSURANCE CORN YIELD OF 207 BUSHELS/ACRE FOR THE YEAR 2004

TERMS: Bidding will commence on a price/acre basis & the successful bidder will be offered his choice of the 3 tracts, a combination of the tracts or all 3 tracts. If the bidder does not take all 3 tracts, bidding will then commence on the remaining property & the highest bidder will be offered his choice of the unsold tracts or all remaining unsold tracts. Bidding will continue until all 3 tracts are sold. Each sale will be final & sold tracts will not be again offered in any other combination. Tracts will be sold to the highest bidder with no reserved bid. 15% down payment will be required 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 May 15th, 2006 . Bids are not contingent upon financing & Buyer(s) is required to arrange for any necessary financing prior to the auction. Owner shall pay real estate taxes due Spring & Fall 2006. Buyer(s) to assume potential drainage district special assessment scheduled for Summer 2006 if any. Owner 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 supercede any previous information. Hoover Real Estate Co., its affiliated licensees & the Auctioneer represent the Owner

OWNER: JACKSON FARMS OF TERRIL
Attorney – William J. Sanderson


CLIFF  HOOVER, BROKER
GARY GRAHAM, SALES AGENT
 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 Owner, Broker or Auctioneer.  Buyer(s) are advised to make their own inspections and do independent research on the properties.