HOOVER REAL ESTATE CO.
LAND AUCTION
Palo Alto County – Freedom Township

               9:30 A.M. Tuesday, April 15th, 2003         

 80 Acres more or less

LOCATED: At the farm site, from Emmetsburg, IA 5 miles east on Highway 18 and 1-1/2 miles north on 520th Avenue.
LEGAL: The South Half of the Northeast Quarter (S1/2NE1/4) of Section 13, Township 96 North, Range 32 West of the 5th P.M., Palo Alto County, Iowa (exact legal description to be taken from Abstract of Title)
TAXES:  Net annual taxes payable 2002 & 2003 - $1,498.
FSA DATA:  77.2 Tillable acres   Corn Base - 58.9 acres   Corn Yield - 125 Bu.
                                                             Bean Base - 18.3 acres   Bean Yield - 31 Bu.
SOILS:  Nicollet, Webster, Clarion, Linder and Canisteo    Average CSR - 72.5
COMMENTS:  This is an excellent opportunity to add very productive farmland to your existing operation or a great investment opportunity to increase your net return on your capital.
POSSESSION:
Option #1:  Owners to credit Buyer(s) for 2003 rent @ $135/tillable acre.

Option #2:  Buyer(s) to have the right to enter property to farm after paying 10% earnest money and signing the real estate contract.
TERMS:
10% down the day of the auction.  Buyer(s) shall sign a real estate contract requiring the balance to be paid on closing as soon as Owners can provide marketable title.  Owners shall pay real estate taxes due Spring and Fall of 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: DONALD J. & ALICE M. McEWAN,
VIKKI K. SCHMIDT &
MATTHEW E. & CARLA R. SCHMIDT
ATTORNEY: Roger A. Berkland


       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.