Location: From the intersection of B40 and Hospers Dr. nerations

 and this is truly a once in a lS in Hospers, IA go West on 400th St (B40) for 1 1/4 miles to Larch Ave then go 1 mile South on Larch Ave. The farm is located in the Southwest corner of the intersection of Larch Ave and 410th St. Auction signs will be posted.                                  Watch zomercompany.com for inclement weather!  Auction will be held at the site of the farmland!

Sale Date: April 4, 2022 @10:30 A.M.

Legal Description: The East 1/2 of the NE1/4 of Section 17, TWP 95N, Range 43W, Sioux County, IA. Subject to all public roads and easements of record. This farm will have a certified survey completed prior to auction day.

General description: According to the Sioux County Assessor, this property contains 80+/- gross acres (To be adjusted after certified survey). According to FSA this farm contains approx. 65.85 tillable acres, approx. 11.98 acres of CRP with a contract ending 9-30-2029 with an annual payment of $2,719.00, approx. 3.73 acres of grass/trees with the balance of the farm in road and ditch. This farm has a corn base of 52.03 acres with a PLC yield of 171 bu. and has a soybean base of 13.82 acres with a PLC yield of 50bu. This farm is classified as NHEL. The predominant soil types of the tillable farmland include: 810, B, B2-Galva, 133-Colo, 309B, B2-Allendorf, 72B-Esterville, 26-Kennebec, 91B-Primghar, 310B2-Galva, 485-Spillville. The average CSR1 is 65.9 and the average CSR2 is 86.4 on the tillable farmland. This farm appears to have a good state of productivity and is well managed. This is a great opportunity to purchase farmland which has been in this family for generations! This farmland would make a great addition to your current farming operation or would make a great investment opportunity!!  Make plans today to attend this auction!!! The owner of this farm has been approached by the CO2 pipeline about granting an easement through this property however the current owner has not signed any offers or easements for this pipeline. This farm is leased for the 2022 crop year and the buyer will receive the full rent for 2022 at closing. The seller will also be subsidizing the rent for 2022 and the buyer will receive this rent subsidy at closing also. Contact an agent for details!

Method of sale: The farm will be sold with the final bid price x the final gross surveyed acres. A certified survey will be completed on this property and the final bid price shall be multiplied times the final gross surveyed acres. Auction will be held at the site of the Land.

Taxes: The current Real Estate Taxes according to the Sioux County Treasurer are approx. $2,074.00 per year. Seller will pay the 2021 taxes which are due and payable in March and Sept of 2022.

Possession: Possession will be on March 1, 2023 due to the current farm lease. Buyer will receive the full rent for 2022 at closing and a rent subsidy from the seller. Contact agents for details.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before May 17, 2022 when the buyer shall receive a clear and merchantable title to the property. Penalties may apply should buyer delay closing. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to IA statutes. Buyer will be required to assume the current CRP contract and will be responsible for all future midterm maintenance needed. All buyers are encouraged to do buyers due diligence. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Buyer is responsible to ensure lease has been terminated for the 2023 crop year. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. – Brian Van Engen—Attorney for Seller.