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

               9:00 A.M. Friday, November 5th, 2004         

 80 Surveyed Acres

FARM / SALE  LOCATION:  North of Spencer at the Junction of Highway 71 & 18 (North Y) 1-1/2 miles east on County Road B19 (320th Street).
LEGAL:  A parcel of land in the Southeast Quarter (SE1/4) of Section 29, Township 97 North, Range 36 West of the 5th P.M., Clay County, Iowa (exact legal description to be taken from Abstract of Title)
TAXES:  Estimated Annual Taxes - $992.00          
ESTIMATED FSA DATA:  77 Tillable acres      Corn Base - 41 acres      Corn Yield - 121 Bu.
                                                                                 Bean Base - 36 acres     Bean Yield - 41 Bu.
SOILS:  Marna, Ocheyedan, Fostoria and Guckeen     Average CSR - 65
COMMENTS:  With the tiling already done this 80 acre farm located on a hard surfaced road would make a great investment opportunity or an add-on unit to an existing farm operation.
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 November 12th, 2004.  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.  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: Gene H. & Marita K. Rouse
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 Owners, Broker or Auctioneer.  Buyer is advised to make their own inspections and do independent research on the properties.