HOOVER REAL ESTATE CO.
2 - LAND AUCTIONS
Tuesday, October 12th, 2004 
  

Sale #1 @ 9:00 a.m.

Clay County – Waterford Township     

 75.809 Surveyed Acres

LOCATED: Sale to be held at farm site, 1 mile east of Junction Hwy. 18 & County Road M27 (Barb's corner) of Everly, IA.
LEGAL: The East Half of the Southeast Quarter (E1/2SE1/4) of Section 27, Township 97 North, Range 38 West of the 5th P.M., Clay County, Iowa (exact legal description to be taken from Abstract of Title)
TAXES:  Estimated annual taxes  - $1,022.00
ESTIMATED FSA DATA:  72.135 Tillable acres    Corn Base - 41.6 acres      Corn Yield - 110 Bu.
                                                                                      Bean Base - 32.25 acres   Bean Yield - 30 Bu.
SOILS:  Biscay, Nicollet, Talco and Everly - Average CSR - 66
COMMENTS:  This farm is an excellent opportunity to invest in a good piece of farmland located on Hwy. 18 just east of Barb's corner north of Everly.

Tuesday, October 12th, 2004

Sale #2 @ 9:30 a.m.

Clay County – Summit Township     

 83.352 Surveyed Acres

LOCATED: Sale to be held at farm site, 3 mile east of Junction Hwy. 18 & County Road M27 (Barb's corner) and 1 mile north on 160th Avenue of Everly, IA.
LEGAL: The South Half of the Southwest Quarter (S1/2SW1/4) of Section 19, Township 97 North, Range 37 West of the 5thP.M., Clay County, Iowa (exact legal description to be taken from Abstract of Title)
TAXES:  Estimated annual taxes - $594.00
ESTIMATED FSA DATA:  80.295 Tillable acres      Corn Base - 43.5 acres   Corn Yield - 112 Bu.
                                                                                        Bean Base - 33.5 acres   Bean Yield - 30 Bu.
SOILS:  Wadena, Dickinson & Cylinder - Average CSR - 50.5
COMMENTS:  This farm should show a great return on your investment.
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TERMS:
Tracts will be sold to the highest bidder with no reserved bid.  10% 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 December 29th, 2004.  Bids are not contingent upon financing & Buyer(s) 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.  Owner shall pay real estate taxes due Spring & Fall 2005.  Owner shall furnish the successful Buyer(s) Abstract showing good title.  Buyer(s) shall be responsible for obtaining a title opinion.  Announcements made the day of the sale shall supercede any previous information.  Hoover Real Estate Co., its affiliated licensees, and the Auctioneer represent the Owner exclusively in this real estate auction.

OWNER: ESTHER PEARSON ESTATE
ATTORNEY: Christopher A. Bjornstad

CLIFF  HOOVER, BROKER
 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.