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Land Auction

233.35 Acres M/L

Saturday February 16, 2019 @ 9:00 A.M.

Location: Guthrie Livestock Auction, South 3rd St. Guthrie Center, lA

Parcel #1 83.24 Acres 87.9 CSR2 (Surety)

Property Location: East side of Monteith , Iowa notth of Hwy F51 in Valley Township #23 General Description: Highly productive flat river ….. bottom land with Hwy access. It has 8 acres in CRP@ $243.69 per acre with an annual payment of $1 ,954 that is released in 2020 and 4. 7 acres @ $345.97 per acre with annual payment of $1,626 that is released in 2025

Crop Land: 74.9 acres Noocrop Land: 8.34 acres Taxes: $2,138 annually

Parcel #2 83.63 Acres 70.7 CSR2 (Surety)

Property Location: South East of Monteith, Iowa 3/4 mile on Quarry Lane in Valley Township #26 on west side of the road General Description: Highly productive rolling farmland. Lt has 2.4 acres in CRP@ $259.20 per acre with an annual payment of$622 that is released in 2020

Crop Land: 80.23 acres Noncrop Land: 3.4 acres Taxes: $1,772 annually

Parcel #3 66.48 Acres 68.4 CSR2 (Surety)

Property Location: South East of Monteith, Iowa 3/4 mile on Quany Lane in Valley Township #26 on the east side of the road General Description: Gently sloping farm land with 14.5 acre pasture. There are 3 grain bins, 2 small buildings, open front cattle shed and fresh water spring running through it. Newer 5 barb fence on the east side and tile on both sides of the ditch in 2015.

Crop Land: 46.04 Acres Noncrop Land: 20.44 Acres Taxes: $1 ,248 annually

Method of Auction: Properties will be sold in 3 parcels and can be purchased one parcel, any combination or all three parcels at once.

Terms: 10% down on day of auction with signed purchase agreement and balance due on or before March 16, 2019 upon delivery of merchantable deed and title. Real estate will be sold subject to all existing casements and covenants. Legal notice has been provided to the current tenant and possession will be granted at closing. Property is sold not subject to financing and in AS-IS condition.

Closing Attorney: Bump & Bump Law Firm

Oris Hoover Estate -Owner

lnfom1ation listed is deemed reliable but not guaranteed, Research is recommended. Announcements day of auction take precedence over wrilten material.

Laughery Auction Service

laugheryauction.com

laugheryauction@netins.net

Terry 641-757-1880 Dan 641-740-0477