- Productive Cropland!
- Improved Pastureland!
- Recreational Acreage!
- Country Home w/Acreage!
- Home Building Sites!

Public Showing: Friday, October 28, 2011 from 3:30 - 5:00 p.m.

LOCATION & GENERAL INFORMATION
Land is located in Sections 3, 6 & 7 of Cedar Township and Section 17 of Marion Township, Lee County, Iowa and Section 34 of Salem Township, Henry County, Iowa. Tracts 1 & 2 are located approximately 2-1/2 miles northwest of Houghton, IA. Tracts 3 & 4 are located approximately 1 mile east of Houghton, IA. Tracts 5 - 9 are located approximately 2 miles south of Hillsboro, IA. Tract 10 is located approximately 3-1/2 miles northwest of Houghton, IA (Be watching for numerous pre-sale directional & tract signs which have been placed in the area or see map below).

The Lampe land represents highly productive tillable farmland, as well as improved pastureland, recreational acreage, a country home and home building sites!

Tracts 1, 2, 3 & 4 have a considerable amount of field drainage tile on them (contact the auction company for tile maps).

TRACT INFORMATION

Tract 1 - 86.66 Acres
- FSA figures should indicate 84.27 acres tillable
- Productive Haig, Edina & Belinda soils (Avg. CSR - 67.3)
- Access is on the south by 110th Street

Tract 2 - 61.48 acres
- FSA figures should indicate 55.46 acres tillable
- Productive Pershing, Belinda & Weller soils (Avg. CSR - 61.5 - on the tillable acres)
- Access is on the north by Henry/Lee Street

Tract 3 - 109.95 Acres
- FSA figures should indicate 92.03 acres tillable
- Productive Pershing, Grundy, Colo, Weller & Belinda soils (Avg. CSR - 59.4 - on the tillable acres)
- Access is on the north by State Hwy. 16 and on the west by 170th Avenue

Tract 4 - 12.27 Acres, country home
& outbuildings
- This tract is improved with an older 2-story farmhouse, as well as a detached garage and farm outbuildings. This conveniently located attractive acreage offers a 2 story home which was built in 1900 and has 2,318 sq. ft. of living space. This home features an eat-in kitchen, a large family room, 1 bedroom and a bath/shower on the main level. The upstairs level offers 4 bedrooms, a 1/4 bath and a finished floored attic area that provides ample storage. The dwelling has a GFA furnace with central air, 100 amp electrical service and rural water. There is also a 24' x 26' detached garage.
There are several useable structures on this acreage including a 36'x54' livestock barn with hay storage above, a 20'x28' shop with a concrete floor, heat and an attached office area, an open front cattle barn, an older 44'x48' barn, and (2) 6000 bu. grain bins with drying floors and aeration fans. There is also an ample amount of concrete in the livestock holding areas adjacent to the barns that include automatic watering systems that are also hooked to rural water. If you are a livestock person or the horse enthusiast this small attractive acreage could be for you!
- Checkout this attractive acreage with an excellent location!
- Access is on the north by State Hwy. 16
- Public Showing: Friday, October 28, 2011 from 3:30 - 5:00 p.m.

Tract 5 - 17.08 Acres
- FSA figures should indicate 11.36 acres tillable
- Productive Pershing soils on the tillable portion (Avg. CSR - 52.7 - on the tillable acres)
- This tract is ideally located, has Hwy. access, rural public water, tillable farmland, home building sites, plus more!
- Access is on the east by State Hwy. 16

Tract 6 - 26.37 Acres
- Tract 6 includes some beautiful wooded acreage, as well as some open area that is currently utilized as pasture
- This tract is ideally located, has Hwy. access, rural public water, recreational acreage, home building sites, plus more!
- Access is on the east by State Hwy. 16

Tract 7 - 41.17 Acres
- FSA figures should indicate 16.18 acres tillable with the balance being pasture.
-Armstrong, Pershing, Grundy and Rinda soils (Avg. CSR - 41 - on the tillable acres)
- Tract 7 also offers 2 older livestock barns, partially concreted holding areas and an automatic watering system.
- This tract is ideally located, has Hwy. access, rural public water, tillable farmland, pasture, home building sites, a pond, plus more!
- Access is on the east by State Hwy. 16

Tract 8 - 129.16 Acres
- FSA figures should indicate 109.15 acres tillable
- Productive Haig, Pershing, Grundy, Armstrong & Arispe soils (Avg. CSR - 59 - on the tillable acres)
- Access is on the west by 100th Avenue

Tract 9 - 47.11 Acres
- FSA figures should indicate 40.52 acres tillable
- Productive Grundy, Haig, Rinda & Arispe soils (Avg. CSR - 64.2 - on the tillable acres)
- Access is on the north by 105th Street

Tract 10 - 20.5 acres
- This tract is currently being used for pasture.
- There is a pond located on this tract as well as perimeter fence.
- Access by a deeded lane which extends north from Henry/Lee Street

METHOD AND TERMS
Bidding will be on a per acre basis on Tracts 1, 2, 3, 5, 6, 7, 8, 9 & 10. Bidding will be for the total dollar amount on Tract 4.
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 December 12, 2011.
Buyer(s) will be delivered a merchantable abstract and deed at the time of closing. Possession at the time of closing subject to a farm lease which ends February 28, 2012. Buyer(s) will be granted fall tillage rights upon removal of the crops. The buyer of Tract 4 will receive full possession of the house and garage at the time of closing.
Real Estate taxes shall be prorated to the date of possession on the basis of the last available tax statement and 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 Anderson, Roberts, Porth & Wallace, P.L.C., c/o Alyssa R. Stewart, Burlington, IA, Phone (319) 754-7585.
Sale procedure: Tracts 1 & 2 will be sold first through the marketing method of "Buyers Choice", whereas the high bidder can purchase Tract 1, Tract 2 or both Tracts 1 & 2 for their high bid. If the high bidder elects only one of the two tracts, the remaining tract will then be sold.
Tract 3 will be sold next followed by Tract 4.
Tracts 5, 6, 7, 8, & 9 will then be sold through the marketing method of "Buyers Choice", whereas the high bidder can purchase (in any order) any or all of Tracts 5, 6, 7, 8, & 9 for their high bid. "Buyers Choice" auctioning will continue on Tracts 5, 6, 7, 8 & 9 until they have all been purchased.
Tract 10 will be sold last.
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. Interested parties are encouraged to arrive in advance of the auction start time sale day to receive any updated information concerning the sale. 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".