LAND AUCTION

151.4 Acres m/l, Montgomery Co, Iowa

Thursday, March 25, 2010     10:00am

Sale Site: Stanton Community Bldg, Stanton, IA

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FARM DESCRIPTION: This is an upland farm currently in CRP and pasture.

FARM LOCATION: 4 miles south of Stanton IA; farm lies on east side of O Ave (M-63) and south side of 270^th St.

Legal Description: NW ¼ Section 34-T71N-R37W of 5^th PM, Montgomery County, Iowa

Taxable Acres:151.4 m/l  Gross Taxes: $1948/yr  Buildings: none   Well: one, sells AS IS

Septic:none known 

FSA Information: Crop Acres: 101.8 A in CRP since 1994, balance is in pasture   

CSR: 53 estimated   Conservation Plan: CRP & pasture

CRP: 101.8 acres @ $83.49 acres = $8499.28/yr expires September 30, 2013

 Note:buyer will receive all of the 2010 farm income

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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 April 16, 2010. Buyer will receive full possession on CRP ground. 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 the beginning of the 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

Dale & Margaret Vanderholm, Owners

CENTURY 21 Rubey Realty, Broker

Clint Rubey, Auctioneer

     1000 A Broadway, Red Oak IA 51566    

712-623-2724    C21cw@aol.com