Auction Location:?Auction to be held at the Youth Center at the Louisa County Fairgrounds, Columbus Junction, Iowa. ?

Farm is located 1/2 mile east of Columbus City on X37 then 2 miles south on 218th Avenue, then 1/2 mile west on 120th Street, then 1/2 mile south on S Avenue.

257.32 Acres M/L ?? SELLS IN SIX TRACTS
Survey Now Complete ! !

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Open House on Tuesday, September 2nd from 4-5:30pm?

Flyover Video – Now Posted!

TRACT #1 ? 81.06 Surveyed Acres
FSA information: 58.7 NHEL tillable acres & 19.19 HEL tillable acres
Corn Suitability Rating 2 of 80.6 (CSR 1 of 79.1) on the entire tract.
Located in Section 8, Columbus City ?E? Township, Louisa County, Iowa.

TRACT #2 ? 20.27 Surveyed Acres
This tract features a pond with a potential future building site.
FSA information: 18.27 acres tillable all of which is in CRP as follows:
18.27 acres x $141.43 = $2,583.92 and expires on 9-30-2019.
Corn Suitability Rating 2 of 65.5 (CSR 1 of 57.9) on the entire tract.
Located in Section 8, Columbus City ?E? Township, Louisa County, Iowa.

TRACT #3 ? 16.31 Surveyed Acres
FSA information: Approx. 15.08 acres tillable of which approx. 14.4 acres are in CRP as follows: ?
Approx. 14.4 acres x $141.43 = $2,036.59 and expires on 9-30-2019.
Corn Suitability Rating 2 of 54.2 (CSR 1 of 53.3) on the entire tract.
Located in Section 7, Columbus City ?E? Township, Louisa County, Iowa.

TRACT #4 ? TWO STORY HOME ON 2.34 Surveyed ACRES
Home is located at 22468 120th Street, Columbus Junction.

Looking for an affordable home in the country, make sure to check out this two story country home that has 1772 sq.ft. of total living space. ?Large living room with wood laminate flooring. ?Office area off of living room and bath on main level. ?Eat in kitchen with pantry. ?Deck. ?Upstairs has four bedrooms and a laundry room with washer & dryer hookups & ? bath. ?Partial basement with Weil McLain heat pump (2 years old), electric water heater, ?100 amp breaker box. ?Home has a 135? well.

Outbuildings include: 1 car garage with lean to, 1 car garage, utility shed & livestock waterer. ?All located on 2 acres M/L, subject to final survey.

Included: Window air, LP tank, Utility shed
Not included: Heritage Sign & planter in front yard, Refrigerator, Stove, Washer, Dryer, Freezer, Small red tack shed

TRACT #5 ? 109.32 Surveyed Acres
Over $7,900 of CRP annual income! ?If you are looking for recreational land that has CRP income, this is your tract! ?This tract has CRP on both the north and south sides with timber & creek running through the middle of the property, making this an excellent habitat for wildlife!
FSA information: Approx. 60 acres tillable of which 59 acres are in CRP as follows:
46.2 acres x $134.93 = $6,234 and expires on 9-30-2017
12.8 acres x $132.39 = $1,695 and expires on 9-30-2027
Corn Suitability Rating 2 of 56.1 (CSR 1 of 56) on the entire tract.
Located in Section 7, Columbus City ?E? Township, Louisa County, Iowa.

TRACT #6 ? 28.02 Surveyed Acres
If you are looking for a smaller tract for recreational opportunities with CRP income this is your tract. ?Over $2,800 of CRP annual income! ?CRP on both sides of the timber draw presents perfect cover for habitat.
FSA information: Approx. 21.2 acres tillable of which approx.. 20 acres are in CRP as follows:
Approx. 20 acres x $141.43 = $2,828.60 and expires on 9-30-2019
Corn Suitability Rating 2 of 60.2 (CSR 1 of 55.1) on the entire tract.
Located in Section 6 & 7, Columbus City ?E? Township, Louisa County, Iowa.

>Investment Quality Farmland and CRP Recreational Ground!!

Terms: 20% down payment on September 16, 2014. Balance at closing with projected date of November 14, 2014 upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of November 14, 2014 (Subject to tenant?s rights on tillable land)?
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.

The following taxes are approximate and will be used to prorate at closing.
Tract #1
Gross ? ? ? ? ? ? ?$2,636.63
Ag. Credit ? ? ? ? ? (149.20)
Net ? ? ? ? ? ? ? ? ?$2,487.00 (Rounded)?

Tract #2
Gross ? ? ? ? ? ? ?$550.57
Ag. Credit ? ? ? ? ? (33.57)
Net ? ? ? ? ? ? ? ? ?$517.00 (Rounded)?

Tract #3
Gross ? ? ? ? ? ? ?$307.37
Ag. Credit ? ? ? ? ? (20.87)
Net ? ? ? ? ? ? ? ? ?$286.00 (Rounded)?

Tract #4
Gross ? ? ? ? ? ? ?$716.48
Net ? ? ? ? ? ? ? ? ?$717.00 (Rounded)?

Tract #5
Gross ? ? ? ? ? ? ?$1,560.44
Ag. Credit ? ? ? ? ? (93.55)
Net ? ? ? ? ? ? ? ? ?$1,467.00 (Rounded)?

Tract #6
Gross ? ? ? ? ? ? ?$438.29
Ag. Credit ? ? ? ? ? (23.06)
Net ? ? ? ? ? ? ? ? ?$415.00 (Rounded)?

Any announcements made the day of sale take precedence over advertising.

Special Provisions:?
? Current tenant on the tillable land has been given notice and farm is being sold free and clear for the 2015 farming season. ?Farm is being sold subject to current tenants? rights. ?Fall tillage rights have been granted by the tenant.
? Timber ground is being sold free and clear for the 2014 fall/winter hunting season.
? Tract #1 has a lease for use of road & areas with buildings & pipeline, it pays $666.30 per year.
? The mineral rights & underground storage rights have already been sold & are not included with the sale of the ground.
? It shall be the obligation of the buyer(s) to report to the Louisa 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. Prorate of CRP.?
? Buyer(s) agree to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer(s) agree to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer(s) further agree to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer(s) elects to take the ground out of CRP, the buyer(s) will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.

? All Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for each tract, except Tract #4 the home will be sold lump sum price.

? On Tract #4, Seller disclaims any warranty on the septic system. It shall be the buyer’s obligation to inspect & determine if the septic system complies with state and county septic code and whether it can be operational as installed. Any inspections, upgrades, repairs, maintenance or other matters to the septic system will be at the buyer’s expense in accordance with Louisa County & Iowa laws & regulations.
? 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).
? 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)
? 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 same.

Owner: Lone Oak Farms Corp
Ronald D. Cutkomp – President
Steven A. Sents ?? Attorney

For information?contact Lynn Richard or Terry Hoenig

at?Steffes Group 319.385.2000

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