Mary Minehart and Family Present for Sale

 144 Acres M/L 

Adams Township

Delaware County, Iowa

Parcel Information   

March 6,  2008

11am

Auction to be held at The Lower Level, Main Street, Coggon, IA

Auction arranged & conducted by: Louis J. Zumbach, Auctioneer

Coggon , IA 52218                 Phone: 319-435-2249

Closing Agent: The Law Office of Shimanek, Shimanek & Bowman

The sellers have chosen the auction method to sell their property so everyone can have a fair and equal opportunity to purchase.

Description:

·        143.61 acres m/l taxable

·        Taxes  $2988

·        Average CSR 78.2

·        NHEL

·        Legal S ½ SE,  S 70AC N ½ SE Ex Parcels B & C, Adams Township, Delaware    County, Iowa

·        F.S.A. 139.3 acres, Corn 102.4 acres, 127 yield, Beans 16.6 acres, 42 yield  

 Terms

·        Cash sale with 10% down on the day of auction (March  6, 2008). 

·        The balance is due at the closing, April 6, 2008.

·        This farm sells with the existing lease already in place for the 2008 growing season.  The lease will transfer to the new owners.

·        The CRP contract will transfer to the new owners.  

CSR Information:  Tillable Acres 139.3 which includes 16.2 CRP acres.  Buyer can buy contracts out early.   

Contract #1:  12.5 acres of filter strips, expires Sept. 30, 2009.  Total payment $2221 annually, $177.80 per acre

Contract #2:  3.7 acres in waterways, expires Sept. 20, 2012.  Total payment $659 annually, $177.80

·        The sellers will prorate the real estate taxes to the date of closing.

·        A deed and clear title will be furnished by the sellers.

Method of Sale

Taxable acres times bid price to determine sale price.

 Note

·        We have made every effort to provide accurate and correct information; however, the Sellers, Auctioneer, and his agents will not guarantee its accuracy. If you need more information or question the information that we have provided we urge you to make your own investigation.

·        Announcements made sale day take precedence over all printed material. 

·        All bidding increments will be at the discretion and direction of the Auctioneer. 

·        The Auctioneer, his Agents, and Shimanek, Shimanek, and Bowman solely represent the sellers.

·        The sellers reserve the right to reject any and all bids.

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