LAND AUCTION 141.10 Acres m/l, 2 Tracts, Mills County, Iowa Thurs, Dec. 18, 2008 10:00am Site: Emerson Community Bldg, Emerson, IA ****************************************************************************************************************************************** TRACT 1 (63.42 taxable acres) Farm Notes: 90% Indian Creek bottom and second bottom with an estimated 5 acres of hillside. Farm Location: Approximately ¼ mile south of Emerson IA on the east side of 410th St. Legal Description: Lot 5 NW ¼ NW ¼ & SW ¼ NW ¼ Section 25 and E Pt Lot 2 NE ¼ NE ¼ & E Pt SE ¼ NE ¼ (except tr NW cor) Section 26, T72N-R40W of 5th PM, Mills County, Iowa. Buildings: none Taxable Acres: 63.42 Gross Taxes: $1395.51/yr Rented: not for 2009. Easements: There will be an easement across the SW corner of Tract 1, west of 410th St, to allow access to Tract 2 via driveway & bridge. Crop Acres: 60.19 estimated Conservation Plan: non-HEL CSR: 78.95 estimated Crop Rotation: corn/soybeans Commodity: Corn - Base Acres: 27.74 DPY/106 CCPY/106 Beans - Base Acres: 27.74 DPY/29 CCPY/29 TRACT 2 (77.68 taxable acres) Farm Notes: 52 acres of good, highly terraced hill farm & 25.33 acres creek bottom pasture plus secluded acreage with home, outbuildings and many mature trees. Farm Location: Approximately ½ mile south of Emerson IA on the west side of 410th St. Legal Description: E 32 A NE ¼ SE ¼ & NE ¼ SE 14 (exc E 32 A) NW ¼ SE ¼ Section 26-T72N-R40 W of 5th PM, Mills County, Iowa. Buildings: older 4BR, 1BA 2-story frame home built in 1916 w/ 1976 sq ft of living area, 10’ x 18’ frame detached garage, barn Taxable Acres: 77.68 Gross Taxes: $2416.78/yr Rented: not for 2009 . Easements: There will be an easement across the SW corner of Tract 1, west of 410th St, to allow access to Tract 2 via driveway & bridge. Crop Acres: 52.35 estimated Conservation Plan: min-till CSR: pature/78.32 estimated; cropland/62.33 estimated Crop Rotation: corn/soybeans Terraces: installed Commodity: Corn - Base Acres: 23.96 DPY/106 CCPY/106 Beans - Base Acres:23.96 DPY/29 CCPY/29 ****************************************************************************************************************************************** TERMS: 10% down sale day, to be held in Broker’s Trust Account with balance due by cashier’s check at closing. If sale fails to close for buyer-related reason, buyer forfeits down payment to seller. CLOSING & POSSESSION: Closing and possession will be on or before January 21, 2009. Buyer will full possession @ closing subject to 2008 tenant’s rights until 3/1/09. Seller agrees to cooperate if buyer is doing an IRS 1031 Exchange. TITLE: Seller will provide updated abstract showing merchantable title. Sale is subject to all easements of record. INSPECTION: Buyers should inspect property prior to the auction. Please call auctioneers for information. Inspection period ends at start of auction. AGENCY: CENTURY 21 Rubey Realty and its representatives are seller’s agents. ATTENTION BIDDERS: Information in this bill was collected from sources deemed reliable. Auctioneers and sellers assume no responsibility for its accuracy. Bidders are advised to do whatever research they feel is necessary before the auction. Announcements on sale day take precedence over all other advertising. See pictures on www.Auctionbill.com Ruth Leone Hascall Heirs CENTURY 21 Rubey Realty, Broker Clint Rubey, Auctioneer 1000 A Broadway, Red Oak IA 51566
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