FARM LOCATION:  From the east edge of Hawarden, on Hwy. 10, go 1½  mi. North on Buchanan Ave. (to beginning of land.)   The farm is located along Buchanan & 430^th St.

GENERAL DESCRIPTION:  Selling will be a productive 135-acre tract of unimproved farmland.   The current FSA records indicate 128.7 crop land acres, with a corn base of 97.2 acres, and a direct & counter-cyclical yield of 101 bu.; a bean base of 31.5 acres, and a direct & counter-cyclical yield of 31 bu.  Primary soil types are Ida Silt Loam, Galva, with smaller amounts of Judson, Radford, & Rawles.  The weighted average CSR (corn suitability rating) for this farm is 51 on the crop land acres.  This farm is classified as HEL (highly-erodible), is terraced, and enrolled in the Farm Program.

LEGAL DESCRIPTION:  The Northwest Quarter (NW¼). except the South 20 acres thereof, and except an acreage site known as Parcel A, by survey, in File 2007, Card 3057, containing 5.10 acres; all in Section Twenty-five (25), Township Ninety-five (95) North, Range Forty-eight (48), West of the 5th P.M., Sioux County, Iowa, containing 135± acres, subject to public roads, and easements of record.

METHOD OF SALE:  The farm will be sold as one unit, with final bid multiplied by 135 acres.

REAL ESTATE TAXES:  Sellers will pay all real estate taxes which would become delinquent if not paid by September 30, 2012, as well as all prior taxes.  The current net real estate taxes are $1,762/year.

TERMS: Non-refundable, 10% down-payment day of auction, with balance due on or before March 12, 2012, at which time possession will be granted. This farm offered as a cash transaction, and not subject to any financing contingencies.  Sellers will continue abstract to date, and provide clear and merchantable title.  Buyer(s) will be required to execute written agreement specifying these terms the day of auction.  Sale subject to owner’s confirmation.  The existing lease will be terminated for the crop year 2012 and beyond.

POSSESSION:  Possession will be granted at closing, March 12, 2012.

AUCTIONEERS NOTE:  What a great opportunity to acquire a productive tract of western Sioux County farmland within 2 miles of Hawarden!  We appreciate the opportunity to offer this farm at public auction for the Sanderson Heirs.  Purchase of this farm would be attractive for the owner/operator or investor.
DISCLAIMER:   Every effort has been made to insure the accuracy of the information provided, however no warranty is given, and no responsibility is assumed by the auctioneers, the sellers, or their agents concerning farm program payments, corn base, yields, & etc.  The farm is being offered “as is”.  All  prospective purchasers are encouraged to inspect the property and verify all data provided.  Any announcements made the day of auction will supersede this advertisement.  Aerial & soil maps available upon request.  Haugland & Gillespie Law Firm will be the closing agent.  Auctioneers are representing the sellers in this transaction.  If additional information is desired, please contact one of the auctioneers listed below.

IRENE SANDERSON ESTATE
Haugland & Gillespie Law Firm, Attorneys For Estate