120 Acres - Selling in 2 Tracts

Location & General Information

Land is located in Section 11, T67N-R22W of Clinton Township, Wayne County, IA. From Allerton, IA take County Road S26 south approximately 5 miles to Davis Road. Farm is located directly across Davis Road on the south. (Be watching for presale directional signs).

Tract 1 - 40 Acres±

- FSA figures indicate approximately 28 acres tillable with the balance of the farm in timber draws.
- Majority of the soils represented are Shelby, Adair and Olmitz-Vesser-Colo.
- CSR of 36.1.
- Improvements on this tract include a nice cattle barn, a working windmill and a spring fed well.
- Access is by Davis Road on the north and 120th Street on the east.

Tract 2 - 80 Acres±

- FSA figures indicate approximately 68.3 acres tillable and offers a very favorable farm plan. The balance of the farm is in timber draws.
- Majority of the soils represented are Vesser, Shelby, Adair and Caleb.
- CSR of 51.7.
- Access is by Davis Road on the north.

Method and Terms of Sale

Tracts 1 & 2 will be sold on a price per acre basis using the marketing method of "Buyer's 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. They will be sold individually and will not be combined. Owners will not be surveying Tract 1 or Tract 2.
Ten percent (10%) of the final bid price to be paid on the day of the auction with the balance due at closing which will be on or before January 20, 2012 upon delivery of merchantable abstract and deed. Immediately following the auction, the successful buyers shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing on the basis of the last available tax statement and all prior taxes. Possession on both tracts will be given at the time of closing.
All announcements made 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 subject to public road easements and all other easements of record. This real estate is being sold "as is".