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313+/- Acres, Jasper and Marshall Counties, Iowa

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313+/- Acres, Jasper and Marshall Counties, Iowa A-21007 and A-21637 LAND AUCTION 313+/- Acres, Jasper and Marshall Counties, Iowa Friday, January 24 • 10:00 AM at the Laurel American Legion • 105 West Rogers Street • Laurel, Iowa Offered in Three Individual Tracts! Highlights: • Tract 1 is 91.4% tillable with a 30’ X 52’ machine shed • Tract 2 is 97.8% tillable with turbine revenue • Tract 3 is 92.1% tillable with turbine revenue Property Location: Tract 1, from Laurel, Iowa, travel south on Iowa Highway 14 to 10857 High- way 14N, building site on Tract 1 which fronts both Iowa Highway 14 and N 107th Avenue E. Tract 2, from Laurel, travel north on Iowa Highway 14 to 315th Street, property is at southwest corner of intersection. Tract 3, from Laurel, travel north on Iowa Highway 14 to 315th Street, then west one quarter mile to southeast corner of Tract 3. Please watch for signs! For additional information, please contact: Ben Watson, AFM, Agent Serving America’s Landowners Since 1929 State Center, Iowa Office: (641) 483-4249 www.FarmersNational.com Cell: (515) 971-7951 [email protected] www.FarmersNational.com/BenWatson Real Estate Sales • Auctions • Farm and Ranch Management • Appraisals • Insurance • Consultations Oil and Gas Management • Forest Resource Management • National Hunting Leases • FNC Ag Stock Property Information Legal Description: Farm Data: • Tract 1: S1/2SE1/4 except Parcel A of Section 3, Twp 81N, • Tract 1 Rge 18W of 5th PM in Jasper County, Iowa Cropland 72.23 acres • Tract 2: SE1/4 except Parcel A of Section 22, Twp 82N, Non-crop 4.97 acres Rge 18W of 5th PM in Marshall County, Iowa Buildings 1.80 acres • Tract 3: W1/2NE1/4 of Section 22, Twp 82N, Rge 18W of Total 79.00 acres 5th PM in Marshall County, Iowa • Tract 2 Cropland 150.62 acres Improvements: Tract 1 in Jasper County features a shop Non-crop 3.38 acres built in 2015 that is 30’ X 52’ with concrete floor. Also, a 51’ Total 154.00 acres X 77’ pole barn provides machine storage or livestock po- • Tract 3 tential. Details regarding 2015 shop structure: 29’3” x 23’11” Cropland 73.69 acres concrete apron ahead of garage doors which feature open- Non-crop 6.31 acres ings of 16’ wide x 10’10” high and 10’ wide x 10’10” high. Total 80.00 acres One lockable walk door: 34” wide x 67” high. Eave height is 13’6”. Interior walls and ceiling lined with steel panels with FSA Information: Sellers and tenants shall not provide two openers for garage doors, electric service with outlets yields for purposes of updating program yields for both Tract on interior walls and hydrant on west side of shop. Rural 2 and Tract 3 water to property. • Tract 1 Base Yield Corn 39.07 acres 157 bushels Taxes (2018 annual): Soybeans 30.86 acres 51 bushels • Tract 1: $2,302 • Tracts 2 and 3 Base Yield • Tract 2: $4,110 Corn 112.80 acres 174 bushels • Tract 3: $2,702 Soybeans 111.40 acres 55 bushels • FSA must split base acres between Tracts 2 and 3 ""-ÿ.ÿ /0- ""-ÿ.ÿ /0- ÿ !"#ÿ$%#ÿ&'()ÿ0ÿ123 ÿ !"#ÿ$%#ÿ&'()ÿ0ÿ123 Tract 1 Aerial Photo Tract 1 Soil Map ÿÿÿÿÿÿ "-0ÿ1ÿ23ÿ"- ÿ ÿ ! " # $ " 11 %&'-"0()0ÿ'(102ÿ-1"2ÿ13"45ÿ6ÿ03ÿ$ÿ70-0)0ÿ'1370' $8 991 166 1 1$6@ "4"ÿ'(102ÿ-1"2ÿ13"45ÿ$ÿ03ÿ8ÿ70-0)0ÿ'1370' 1$6 1833 8 $0 45!ÿ6 1$6$ "4"ÿ'(102ÿ-1"2ÿ13"45ÿ45!ÿ603ÿ1Aÿ70-0)0ÿ'1370'5ÿ03B0B 1AA 1C2C 3$ 90 $6$ D(11B&EEÿ'(102ÿ-1"2ÿ13"45ÿ8ÿ03ÿÿ70-0)0ÿ'1370'5ÿ03B0B 6A 681 C1 90 47ÿ8 9@!8 ÿ5 !8 Aÿ78 ÿ%ÿB!8 Aÿ9@ÿ5 47ÿ8 9@!8 ÿ5 !8 Aÿ78 ÿ%ÿB!8 Aÿ9@ÿ5 A@Aÿ!ÿBÿC8BC( A@Aÿ!ÿBÿC8BC( ÿÿDE8F7!ÿGH85ÿ@Iÿ ÿ% !8ÿÿF !ÿÿ!ÿ!7 ÿÿDE8F7!ÿGH85ÿ@Iÿ ÿ% !8ÿÿF !ÿÿ!ÿ!7 5@C! $ÿ$ÿ555$"ÿ!79( "43)(ÿ'(102ÿ-1"2ÿ13"45ÿ1Aÿ03ÿ1Cÿ70-0)0ÿ'1370'5ÿ43B0"0012ÿ03B0B 885@C! ÿÿ5255"1ÿ!789( 8 30 %13$$ 3F)'ÿ'(10ÿ13"45ÿ0(11ÿ71"()5ÿ1Aÿ03ÿ1Cÿ70-0)0ÿ'1370'5ÿ03B0B 66 663 A8 A0 9$ G01H2I"B"(ÿ-34710P5ÿÿ03ÿ1Aÿ70-0)0ÿ'1370'5ÿ43B0"0012ÿ03B0B 3 C8 98 90 $A$ G01H2ÿ13"45ÿÿ03ÿ1Aÿ70-0)0ÿ'1370'5ÿ43B0"0012ÿ03B0B 16$ 1991 8$ 90 8@ "-Q430I313ÿ-34710P5ÿ$ÿ03ÿ8ÿ70-0)0ÿ'1370' A6 81 2 $F $A$ G01H2ÿ13"45ÿ1Aÿ03ÿ1Cÿ70-0)0ÿ'1370'5ÿ43B0"0012ÿ03B0B 1A 1CC 92 A0 1$6$ "4"ÿ'(102ÿ-1"2ÿ13"45ÿ8ÿ03ÿÿ70-0)0ÿ'1370'5ÿ03B0B 1A $8$1 C2 90 " 23 166# 32A1 $3 Additional Information and Payment Schedule for Wind Easements: • Tract 2: Lot 51, North of Laurel, South of gravel road • Tract 3: Lot 47, North of Laurel, North of gravel road Tract 2 Tract 3 2020 $ 7,321.29 $ 12,006.11 2021 $ 7,504.32 $ 12,306.27 2022 $ 7,691.94 $ 12,613.92 2023 $ 7,884.22 $ 12,929.27 2024 $ 8,081.34 $ 13,252.50 2025 $ 8,283.36 $ 13,583.82 2026 $ 8,490.44 $ 13,923.41 2027 $ 8,702.70 $ 14,271.50 2028 $ 8,920.29 $ 14,628.28 2029 $ 9,143.29 $ 14,993.99 2030 $ 9,371.87 $ 15,368.84 2031 $ 9,606.16 $ 15,753.06 2032 $ 9,846.32 $ 16,146.89 2033 $ 10,092.48 $ 16,550.56 2034 $ 10,344.79 $ 16,964.33 2035 $ 10,603.41 $ 17,388.43 2036 $ 10,868.50 $ 17,823.14 2037 $ 11,140.21 $ 18,268.72 2038 $ 11,418.71 $ 18,725.44 2039 $ 11,704.19 $ 19,193.58 2040 $ 11,996.78 $ 19,673.42 2041 $ 13,977.14 $18,484.81 Payments for wind easements shall be settled on a pro rata basis at closing with buyer(s) of Tracts 2 and 3 to receive 77.5% of the payment(s) made for 2020. Buyers of Tract 2 and Tract 3 are responsible for notification of MidAmerican Energy of their title to real estate so as to fa- cilitate the payments made after successful closings of the real estate transactions, which are made to owners of record as of December 12, annually. Listing Agent shall inform MidAmerican Energy of identity of Buyer of Tract 2 and Buyer of Tract 3 prior to closing. Neither Farmers National Company or our Seller clients bear responsibility for any turbine payment following a successful closing of a real estate transaction regarding both Tract 2 and Tract 3. Tract 1 Utilities Information: Consumers Energy maintains three phase electric service that is available to property at expense and responsibility entirely that of the Buyer. Iowa Regional Utilities Association maintains a rural water line, eight inches in diameter, parallel to east side of Iowa Highway 14. AUCTION TERMS Minerals: All mineral interests owned by the where new boundaries are created. Both will pay Seller, if any, will be conveyed to the Buyer(s). one-half of the survey cost. Final contract prices will not be adjusted to reflect any difference be- Taxes: Real estate taxes will be prorated to clos- tween the advertised and actual surveyed acres. ing. Sale Method: The real estate will be offered Conditions: This sale is subject to all ease- as three individual tracts. All bids are open for ments, covenants, restrictions of record, and advancement until the Auctioneer announces leases. Each Bidder is responsible for conduct- that the real estate is sold or that the bidding ing, at their own risk, their own inspections, is closed. Bidding increments are solely at the inquiries, and due diligence concerning the prop- discretion of the Auctioneer. No absentee or erty. All property is sold on an “AS IS-WHERE telephone bids will be accepted without prior ap- IS” basis with no warranties or guarantees, either proval of Farmers National Company and Seller. expressed or implied, by the Seller or Farmers All decisions of the Auctioneer are final. National Company. Approval of Bids: Final sale is subject to the Possession: Possession will be granted at clos- Seller’s approval or rejection. ing March 3, 2020, or such other date agreed to by the parties. Agency: Farmers National Company and its rep- resentatives are acting as Agents of the Seller. Earnest Payment: A 10% earnest money pay- ment is required on the day of the auction. The Announcements: Information provided herein payment may be in the form of cash, cashier’s was obtained from sources deemed reliable, check, personal check, or company check. All but neither Farmers National Company nor the funds will be deposited and held by the closing Seller makes any guarantees or warranties as company in their trust account. to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on Contract and Title: Immediately upon conclu- their own conclusions. All sketches, dimensions, sion of the auction, the high bidder(s) will enter and acreage figures are approximate or “more or into a real estate contract and deposit with the less”. Any announcements made auction day by closing company the required earnest payment. Farmers National Company will take precedence The Seller will provide a current abstract of title over any previous printed materials or oral state- at their expense. The cost of any escrow closing ments. Farmers National Company and Seller services will be paid equally by both the Seller reserve the right to preclude any person from and the Buyer(s). Sale is not contingent upon bidding if there is any question as to the person’s Buyer(s) financing. credentials or fitness to bid.
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