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

               9:30 A.M. Monday, September 30th, 2002          

 160 Acres more or less

LOCATED: At the farm site, from Peterson, IA 3 miles north on County Road M27 and 1/2 mile west on 470th Street.
LEGAL: East Half of the Southwest Quarter (E1/2 SW 1/4) and the West Half of the Southeast Quarter (W1/2 SE1/4) of Section 9, Township 94 North, Range 38 West of the 5th P.M., Clay County, Iowa (exact legal description to be taken from Abstract of Title)
TAXES:  Net annual taxes payable 2002 & 2003 - $3,556
FSA DATA:  139.5 Tillable acres   Corn Base - 70.2 acres   Corn Yield – 123 Bu.
SOILS:  Afton(AF), Marcus(Ma), Primghar(Pr) and Sac(SaB)    Average CSR - 80
COMMENTS:  This is a very productive farm.  The Seller has owned the farm for 52 years and has always had top yields on the property.  Excellent opportunity to own a top-notch farm at an excellent location.
TERMS: 10% down the day of the auction. Buyer(s) shall sign a real estate contract requiring the balance to be paid on or before March 1, 2003.  Possession shall be on settlement, subject to Tenant’s rights, which shall terminate at the end of the 2002 crop year on February 28, 2003. Seller 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.

OWNER: HAROLD WILSON
ATTORNEY: DICK H. MONTGOMERY


       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.