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506 Surveyed Acres -?Sells in Two Tracts

Tract #1 ? 421.52 Surveyed Acres ? Sections 17, 18, 19 & 20, Knoxville ‘S’ Township – 84.3 CSR2 on the Tillable

Tract #2 ? 84.48 Surveyed Acres ? Sections 18 & 19, Knoxville ‘S’ Township – ?60.5 CSR on the Tillable

Land Preview on Friday, December 5th from 1:30 ? 2:30PM

Selling Choice with the privilege.
High bidder may take Tract #1 or Tract #2 or both tracts.

TRACT #1 ? 421.52 Surveyed Acres
FSA information: Approx. 360.38 acres tillable?
Corn Suitability Rating 2 of 84.3 on the tillable.
This tract also has four 10,000 bu.(approx.) grain bins, 3 with dryer floors & older machine shed.
Located in Sections 17, 18, 19 & 20, Knoxville ?S? Township, Marion County, Iowa.
Not included: Farm machinery & items in building, LP tank

TRACT #2 ? 84.48 Surveyed Acres
FSA information: Approx. 56.88 acres tillable
Corn Suitability Rating 2 of 60.5 on the tillable.
Located in Sections 18 & 19, Knoxville ?S? Township, Marion County, Iowa.

>>Opportunity to buy a LARGE Contiguous Tract of Farmland!!<<
>>84.3 CSR2!!<<

Terms: 10% down payment payable on December 19, 2014. Remaining principal balance to be paid at closing. Closing will be on or before March, 2015 upon delivery of merchantable abstract of title and trustee?s Deed.
Possession: Projected date of March 1, 2015.
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 ? ? ? ? ? ? ?$13,177.14
Ag. Credit ? ? ? ? ?($708.14)
Net ? ? ? ? ? ? ? ? ?$12,470.00 (Rounded)?

Tract #2
Gross ? ? ? ? ? ? ?$1,526.18
Ag. Credit ? ? ? ? ?($83.07)
Net ? ? ? ? ? ? ? ? ?$1,444.00 (Rounded)?

Special Provisions:?
? The current tenant has been given the required notice of termination and tenant and landlord possession will be given upon closing and settlement which will be no later than March 1, 2015. Purchaser shall be given possession of the real estate for the 2015 crop year.?
? Current farm tenant has been given the required legal notice of termination and the land is being sold with full landlord and tenant possession for the 2015 crop year.
? It shall be the obligation of the buyer(s) to report to the Marion 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.?
? Both Tracts will be surveyed by a registered land surveyor and surveyed acres will be the multiplier for each tract.
? Tract #1 is adjacent to Whitebreast Creek and subject to a flowage easement that has been granted to the Army Corps of Engineers for the benefit of Red Rock Lake.
? 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.
? Any announcements made the day of sale take precedence over advertising.

Owner: Nora Vanderwilt Trust
Rande A. McAlllister – Trustee
300 South Jefferson, Mt. Pleasant, IA

For information?contact Lynn Richard or Chris Richard of

Steffes Group Mt. Pleasant at 319.385.2000

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