Patricia Major Estate – Louisa County Iowa Land Auction

Wapello, Iowa

Land is located 2 miles east of Wapello on Highway 99, then 1/4 mile south on 119th Avenue.

Auction Location:? Auction will be held at the Charles Briggs Civic Center, 317 North Water Street, Wapello, IA

72.9 Taxable Acres – Sells in One Tract

FSA information: 52.66 acres tillable, balance being timber & pond.
Corn Suitability Rating 2 on the tillable of 47.6 (CSR 1 of 61.2).
Corn Suitability Rating 2 on the entire farm of 44.3 (CSR 1 of 57). ?
Located in Section 36, Jefferson Township, Louisa County, Iowa.

Not included: Farm Machinery

***Buyer to receive 50% of Crop!! ***

TERMS & CONDITIONS
TERMS: 20% down payment on May 12, 2015. Balance at closing with projected date of July 13, 2015 upon delivery of merchantable abstract and deed and all objections have been met.
POSSESSION: Projected date of July 13, 2015. (Subject to tenant?s rights)
REAL ESTATE TAXES: Seller will be responsible for all real estate taxes through December 31, 2014. Buyer will be responsible for all real estate taxes thereafter.

The following taxes are approximate
Gross: $1,366.44
Ag Credit: ? ? ($74.52)
Net: $1,292.00 (rounded)

Special Provisions:
~ Farm is selling subject to court approval.
~ Farm is selling subject to tenant?s rights. The farm land is rented for the 2015 crop year on a 50/50 crop share basis. The buyer will receive 50% of the crop. The buyer will also be responsible for 50% of the input costs & will reimburse any expenses already paid for the 2015 crop year.?
~ It shall be the obligation of the buyer(s) to serve termination to the tenant, prior to September 1, 2015, if so desired.
~ Seller shall not be obligated to furnish a survey.
~ It shall be the obligation of the buyer to report to the Louisa County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.?
~ The buyer shall be responsible for any fencing in accordance with Iowa state law.?
~ The buyer shall be responsible for installing his/her own entrances if needed or desired.
~ If in the future a site cleanup is required it shall be at the expense of the 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) acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer(s) is 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.

Patricia Major Estate

Kirk Johnston & Judith J. Earnest – Co-Executors
Alyssa Stewart – Attorney for Estate

For information?contact Nate Larson or Tim Meyer at

Steffes Group 319.385.2000

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