160± Acres to be sold in 3 Tracts
Open House on Thursday, August 18 - 5:00 - 6:00 p.m.

Checkout these nice southern Iowa tracts which represent tillable farmland, pastureland and a country acreage with home and outstanding outbuildings

General Information: Land is located in Section 5 of Henry Township. From Keosauqua, IA, go 1/2 mi. south on Hwy. 1 to County Road J40, turn left or east on J40 and proceed 11/2 miles to farm. Watch for pre-sale directional signs. Farm represents a nice country acreage with a 11/2 story home and outstanding outbuildings, productive tillable farmland and prime southern Iowa pasture land.

Tract 1 10± Acres (Subject to survey)
This attractive country acreage is improved with a 11/2 story home that features 3 bedrooms, a single bath, main floor laundry, an office area, a 2 car attached garage and central air. This property also offers some well kept buildings to Include a 42' x 45' Morton building that has a concrete floor, office and restroom as well as central air and electricity. Also there is a 40' x 48' metal clad storage building, a 20' x 47' metal clad livestock building with a concrete floor and a 52' x 56' livestock barn with pens and a hay loft above. There is nearly 7000 bu. of grain storage on the property as well as a 50' concrete silo and feeding system. This small acreage has it all for the livestock and horse enthusiast and offers nice fences and cattle sorting facilities, a stocked pond and is serviced by rural water. Access is by Nova Ave.

Tract 2 105± Acres (Subject to survey)
FSA figures indicate approximately 102.54 acres tillable that are currently in Soybean production. The majority of soils represented on this tillable tract Are Nodaway-Coppock-Cantril, Kniffin, Rathbun, and Ashgrove with a CSR of 35.3. This farm has been under a strict conservation plan and is highly improved with terraces with tile inlets. Access is on the north by County Road J40.

Tract 3 45± Acres (Subject to survey)
FSA figures indicate approximately 20.64 acres tillable that are currently in improved southern Iowa pasture. The majority of soils on this tract are Nodaway-Coppock-Cantril, Rathbun and Pershing with a CSR of 40.7. This attractive pasture farm offers above average fences, a pond and a creek for livestock watering purposes and beautiful hardwood tree areas for ample shade. Access is on the East by Nova Ave.

METHOD AND TERMS: The Richers farm will be sold in three individual tracts. Tract 1 which includes the home and outbuildings will sell first for a "lump sum/total dollar" amount. Tract 2, which is currently in row crop production, will sell next on a price per acre basis. Tract 3, which is currently in pasture, will sell last and also on a price per acre basis. The above advertised acreages will be used at the auction. Any survey work needed will be performed after the land auction and prior to closing. Acreages obtained in said surveys will be used to calculate final settlements. Any survey work needed will be at the sellers' attorney's discretion and at the sellers' expense.
Ten (10%) of the final bid price to be paid on the day of the sale with the balance due at closing (on or before November 1, 2011). Possession will be given at the time of closing on all three tracts, subject only to the current 2011 farm tenancy for Tract 2. Seller will deliver a merchantable abstract and deed at the time of closing. The 2011 real estate taxes and all prior taxes will be paid by the Seller. Buyer of Tract 1 will be responsible for any perimeter fencing if required. All other fencing will be in accordance with Iowa State Law. Seller will be responsible for installation of a new septic system on Tract 1 prior to closing. Seller will construct a crossing between the north & south tillable acres on Tract 2 prior to closing.
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".