HOOVER REAL ESTATE CO.
9:30 A.M. Thursday, November 18th, 2004
80 Acres more or less
FARM / SALE LOCATION:
North of
Spencer, IA at the Junction of Highway 71 & 18 (North Y), 2 miles north on
Hwy. 71 & 2-1/2
miles west on 300th Street.
LEGAL: West Half of the
Northeast Quarter (W1/2NE1/4)
of
Section 22, Township 97 North, Range 37 West of the 5th
P.M.,
TAXES:
Net Annual
Taxes payable 2004 & 2005 - $1,388.00
Net Taxable Acres - 79
FSA DATA: 80 Cropland Acres
Corn Base - 40 acres Corn Yield
- 128 Bu. Corn CC - 158 Bu.
Soybean Base - 40 acres Soybean Yield - 41 Bu.
Soybean CC - 49 Bu.
SOILS: Nicollet, Tripoli & Everly Average CSR -
75.85
COMMENTS:
Excellent high-producing inside 80 acres.
TERMS: Tract will be sold to the highest
bidder with no reserved bid. 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 January 5th,
2005. 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 2005 crop year on February 28th, 2006. Buyer will assume a cash rent
lease for the 2005 crop year of $10,322/yrly. (79.4 acres @ $130/acre with
semi-annual payments due March 1st, 2005 & November 15th, 2005). 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. 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: Charles E. & Vonnie
L. Runkle
ATTORNEY: Christopher A. Bjornstad
CLIFF
HOOVER, BROKER
CLINTON JONES, AUCTIONEER
for
more information/brochure
call.....712-262-9555
or e-mail.....
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.