406.68 Surveyed Acres - Selling in 5 Tracts

Location & General Information
Land is located in Sections 1, 12, & 21 of Burr Oak Township and in Sections 6 & 7 of Douglas Township, Mitchell County, Iowa.
Tracts 1, 2 & 3 are located approximately 3 miles East of Osage, IA. From Osage, IA, take State Hwy. 9/218 East 3 miles to County Road T46, turn left or North on County Road T46 and go North 1 mile to 370th St., turn left or West and proceed 1/2 mile to farm.
Tracts 4 & 5 are located approximately 5 1/2 miles Northeast of Osage, IA. From Osage, IA, take State Hwy. 9/218 East 3 miles to County Road T46, turn left or North on County Road T46 and go North 1 mile to 370th Street, turn right or East on 370th Street and proceed 2 1/2 miles to Shadow Ave., turn left or North on Shadow Ave. and go 2 miles to farm. (Be watching for pre-sale directional signs & tract signs.)

Tract 1 - 87.15 Surveyed Acres
- FSA figures should indicate 85.1 acres tillable
- Productive Klinger, Dinsdale, Franklin & Clyde-Floyd soils
- Average CSR is 83.1!
- Access is on the north by 370th St.

Tract 2 - 68.86 Surveyed Acres
- FSA figures should indicate 67.5 acres tillable
- Productive Klinger, Maxfield, Franklin, & Clyde-Floyd soils
- Average CSR is 81.6!
- Access is on the north by 370th St.

Tract 3 - 80.06 Surveyed Acres
- FSA figures should indicate 71.3 acres tillable including 4.5 acres of CRP (a waterway) with a payment rate of $152.52 per acre and expires in 2015
- Productive Klinger, Franklin, & Maxfield soils
- Average CSR is 82.2!
- Access is on the north by 370th St.

Tract 4 - 80.81 Surveyed Acres
- FSA figures should indicate 77.23 acres tillable
- Productive Clyde, Clyde-Floyd & Riceville soils
- Average CSR is 60.1
- Access is on the west by Shadow Ave.

Tract 5 - 89.90 Surveyed Acres
- FSA figures should indicate 86.31 acres tillable
- Productive Clyde-Floyd, Lawler, Lourdes, & Protivin soils
- Average CSR is 60
- Access is on the west by Shadow Ave.

Please Note: These Mitchell County Iowa farms have been in the Grifhorst family for many years and offer a farmer or an investor an excellent opportunity to purchase high producing tillable farmland at public auction! All tracts have had fall tillage practices completed and some tracts have had fertilizer applied for the upcoming 2012 crop year. For complete fertility details, contact the auction company.

All tracts have a considerable amount of field drainage tile on them (contact the auction company for tile maps).

Method and Terms
The Grifhorst farms will be sold on a price per acre basis based on the acreages determined by a survey which will be completed prior to the auction. Tracts 1, 2 & 3 will be sold first through the marketing method of "Buyer's Choice" whereas the high bidder can purchase Tract 1, Tract 2, Tract 3 or any combination of Tracts 1, 2 & 3 for their high bid. Bidding will continue until all three tracts have been sold. Tracts 4 & 5 will be sold next, also through the marketing method of "Buyer's Choice," whereas the high bidder can purchase Tract 4, Tract 5 or both Tracts 4 & 5 for their high bid. Bidding will continue until both tracts have been sold.
Ten percent (10%) of the bid price to be paid on the day of sale with the balance due at closing, which will be on or before March 2, 2012. Possession will be given at the time of closing upon delivery of a merchantable abstract and deed. The real estate taxes will be prorated to the date of possession on the basis of the last available tax statement. All prior real estate taxes will be the responsibility of the sellers. All subsequent real estate taxes will be the responsibility of the buyer(s). Immediately following the auction, the successful buyer(s) shall enter into a written agreement with the seller. Said agreement, containing the terms and conditions of sale, may be inspected prior to the auction at the office of Earl W. Hill, 35 Main Avenue South, P.O. Box 301, Britt, Iowa 50423, Phone 641-843-4491.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is".

Farm sells free & clear for the 2012 Crop Year!