SATURDAY, MARCH 12, 2011 10:30 A.M.
Auction Location: 1262 260th St., Modale, Iowa OPEN HOUSES:
10:30 A.M.
Noon-3:00 P.M., Februar y 20, Februar y 27, March 6 Directions to the farm: From Blair, Nebr., east on Highway 30 approximately 5 miles to Austin Ave. North on Austin Ave. approximately 5 miles to the town of Modale. Continue north through the town of Modale approximately 1/2 mile to 260th St. Left on 260th St. approximately 1.7 miles to property. OR from Missouri Valley, Iowa, west on Highway 30 approximately 6 miles, then north on Austin Ave. approximately 5 miles to the town of Modale. Continue north through the town of Modale approximately 1/2 mile to 260th St. Left on 260th St. approximately 1.7 miles to property. NOTE: I-29 exit #75 to the town of Modale will currently not accommodate north bound traffic into the town of Modale. South bound I-29 exit #75 traffic into Modale is accommodated. Signs to be posted.
Acceptance of Bid: Successful bidders will enter into a purchase contract at the auction site immediately following the auction. All bids are subject to seller’s approval. Your bidding is not subject to financing, so your financing must be arranged prior to auction. Disclaimer: Announcements made by the auctioneer at the time of the sale will take precedence over any previously printed material or any other oral statements made. All information contained in the brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold AS IS, WHERE IS basis, and no warranty or representation either expressed or implied concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all Farm is currently combined with other property, and bases parties relying on it. No liability for its accuracy, errors or omissions is assumed by the will be determined by the Harrison County Farm Service Agency. seller or the auction company. All sketches and dimensions in this brochure are CRP Acres: 19.6 acres, 6.2 acres expire on 9/30/2012, at a rate of $132.90 per acre, and approximate. All acreages are approximate and have been estimated based on aerial 13.4 acres expire on 9/30/2014, at a rate of $110.00 per acre. CRP payments will be photographs. Conduct of the auction and increments of bidding are at the direction and prorated to closing by the Harrison County FSA office and distributed on 10/1/2011. discretion of the auctioneer. Taxes: $3096.00, to be prorated to date of closing. Agency: Auctioneer Ed Spencer and Associates are agents for and represent the seller. Method of Auction: Farm will be offered on a total dollar basis. All bidders will be considered customers, not clients. Possession: Full possession of the home, outbuildings and land will be given at closing. Auctioneer’s Note: Outstanding opportunity to purchase a small farm with very nice Terms: 10% down day of auction with the balance due at closing on or before April 12th, home and outbuildings. Neat mature private setting - no covenants. Great for Horses or 2011. Successful buyer will be required to sign a purchase contract on the day of other livestock. Only 25 minutes from Blair, Nebr., yet low Iowa taxes. Excellent West auction. Seller will provide abstract showing clear and marketable title and deed at Harrison School System. For the hunting enthusiast, property is located in high density closing. waterfowl area and is adjacent to Horseshoe Lake.
Legal Description: Part of the SW1/4 NE1/4 and part NW1/4 NE1/4 27-79-45, Harrison County, Iowa. Improvements: Nice 1-story home built in 1952 with approximately 3,000 finished square feet, 3 bedrooms, 2 bathrooms, fireplace and a 2-car attached garage. Numerous outbuildings including Quonset for machinery storage, many utility buildings suitable for livestock or storage, and a building currently used as a wood shop. New septic, many mature trees and a small pond. Taxable Acres: 42.68 taxable acres Farm#: 4992 Tillable Acres: 15.21 acres. Buyer will have possession and farming rights for the 2011 crop year.
Edwin “Sonny” McFerrin Jr, Owner Managed By:
Spencer Auction Company
Ed Spencer
322 E. 7th St. — Logan, IA. 51546 712-644-2151 Office • 402-510-3276 Mobile
Real Estate & Auction Co. Auctioneers: Ed Spencer 402-510-3276 Steve Christiansen 712-643-2160 Luke Spencer 402-510-5853
www.edspencer.com www.nationallandexchange.com
Specializing in Land Sales, Farm Management and Auctions of all types.