201.82 Acres M/L – Sells in 3 Tracts. 90.2 CSR2! Selling Free & Clear for the 2020 Farming Season! For details contact auction managers, Duane Norton or Nate Larson at Steffes Group, 319.385.2000 or 515.450.7778 Duane’s cell or 641.530.5528 Nate’s cell.

FRANKLIN & BUTLER COUNTY IOWA LAND AUCTION

HAMPTON, IOWA
Tracts #1 & 2 are located 5 miles north of Hampton, IA on Highway 65, then 2 miles east on 210^th Street, then ¾ mile north on Raven Ave, then ½ mile east on 215^th Street.

Tract #3is located 1 mile south of Aredale, IA on S. Audubon St./Birch Ave., then ¼ mile east on 160^th Street.

Auction to be held at Harriman Park, 324 19th Ave NE, Hampton, IA 50441

201.82 Acres M/L – SELLS IN 3 TRACTS
Selling Free and Clear for the 2020 Farming Season!

Auctioneer’s Note:All tracts will be sold by the acre.  Tracts will be sold Choice with the Privilege, whereas the high bidder may choose Tract #1, Tract #2 or Tract #3 or any combination of tracts, in any order, times their high bid.  This will continue until all tracts are sold.  Tracts will not be recombined. 

All three tracts have been pattern tiled!

Tract #1 –  79 Acres M/L – (Subject to final survey)
Approx. 79 acres tillable, FSA indicates: 151.14 acres tillable on Tracts #1 & #2.
Corn Suitability Rating 2 of 89.4 on the entire tract.
Located in Section 25 of Ross Township, Franklin County, Iowa.

Real Estate Taxes on Tract #1
Gross                          $2,588.48
Ag Land Cr.                  ($72.42)
Family Farm Cr.           ($50.58)
Net                              $2,466.00

Tract #2 –  72 Acres M/L – (Subject to final survey)
Approx. 72 acres tillable, FSA indicates: 151.14 acres tillable on Tracts #1 & #2.
Corn Suitability Rating 2 of 84.2 on the entire tract.
Located in Section 25 of Ross Township, Franklin County, Iowa.

Real Estate Taxes on Tract #2
Gross                          $2,253.86
Ag Land Cr.                 ($63.06)
Family Farm Cr.          ($44.04)
Net                              $2,146.00

Tract #3 –  50.43 Taxable Acres M/L
FSA indicates: 48.43 acres tillable.
Corn Suitability Rating 2 of 90.2 on the tillable.
Located in Section 5 of Pittsford Township, Butler County, Iowa.

Real Estate Taxes on Tract #3
Gross                          $1,736.28
Ag Land Cr.                  ($73.11)
Net                              $1,664.00

TERMS ON ALL TRACTS

Terms:10% down payment on November 22, 2019.  Balance due at closing with a projected date of January 6, 2020, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of January 6, 2020.
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions:

• The seller has served termination to the tenant on the tillable ground and is selling free and clear for the 2020 farming season.
• It shall be the obligation of the buyer(s) to report to the appropriate County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.  C.  Final tillable acres will be determined by the FSA office.
• Tracts #1 & 2 will be surveyed by a licensed surveyor and surveyed acres will be the multiplier for said tracts.  If the recorded survey is different than the announced surveyed acres, adjustments to the final contract price will be made accordingly at closing.  Seller shall not be obligated to furnish a survey on Tract #3.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed (husband & wife constitute one buyer).
• The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer(s).
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its “as is” condition and there are no expressed or implied warranties pertaining to the real estate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Owner: Richard L. Sass
John E. Coonley – Attorney for Seller

For information contact
Duane Norton at Steffes Group, 641.423.1947 or 515.450.7778.
Nate Larson at Steffes Group, 641.423.1947 or 641.530.5528.

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