Large Washington County & Jefferson County Land Auction

BRIGHTON, IOWA

Auction to be held at the Brighton Community Center, 100 East Washington Street, Brighton, Iowa.

660.75 Acres M/L – SELLS IN 4 TRACTS

Auctioneer’s Note:Tracts will be sold by the surveyed acre.  Tracts #1 & #2 will be sold in order, then Tracts #3 & #4 will be sold Choice with the Privilege, whereas the high bidder may choose Tract #3 or Tract #4 or both Tracts times their high bid.  This will continue until both Tracts are sold.  Tracts will not be recombined. 

Total: $2,557,562.00

Tract #1 – 201.82 Surveyed Acres
Tract #1 is located 2 miles north of Brighton on Highway 1.

FSA indicates: 192.58 acres tillable of which 5.71 acres are in the CRP program as follows:
5.71 acres at $297.91 = $1,701.06 and expires on 9-30-2029.
Corn Suitability Rating 2 of 82.8 on the tillable. 
Located in Sections 17 & 20, Brighton Township, Washington County, Iowa.
Soil Map <Click Here>
Survey <Click Here>

Tract #2 – 338.84 Surveyed Acres
Tract #2 is located 2 miles north of Brighton on Highway 1.

Here is your recreational land along the banks of the Skunk River.  Offering land in the Wetlands Reserve Program with timber and open fields.
FSA indicates: 150.03 acres tillable all of which has a Wetlands Easement.    View the website for information pertaining to this easement.
Located in Sections 17, 18, 19 & 20, Brighton Township, Washington County, Iowa.
Wetlands Easement <Click Here>

Tract #3 – 80.09 Surveyed Acres
Tract #3 is located 1 ¼ miles east of Pleasant Plain on 110^th Street.

FSA indicates: 71.32 acres tillable of which 15.27 acres are in the CRP program as follows:
10.24 acres at $175.41 = $1,796.00 and expires on 9-30-2025.
1.48 acres at $252.28 = $373.00 and expires on 9-30-2024.
3.55 acres at $230.28 = $817.00 and expires on 9-30-2025.
Corn Suitability Rating 2 of 86.1 on the tillable.
This tract has a 13,133 bu. GSI grain bin, 50’x60’ barn, 28’x32’ crib & 12’x16’ crib.
Located in Section 12, Penn Township, Jefferson County, Iowa.
Soil Map <Click Here>
Survey <Click Here> 

Tract #4 – 40 Surveyed Acres
Tract #4 is located 1 ¼ miles east of Pleasant Plain on 110th Street, then 1 mile south on Spruce Avenue.

FSA indicates: 24.79 acres tillable of which 15.76 acres are in the CRP program as follows:
9.72 acres at $248.89 = $2,419.00 and expires on 9-30-2025.
1.62 acres at $196.00 = $318.00 and expires on 9-30-2033.
3.66 acres at $172.73 = $632.00 and expires on 9-30-2021.
0.76 acres at $225.16 = $171.00 and expires on 9-30-2024.
Corn Suitability Rating 2 of 71.1 on the tillable.
Located in Section 12, Penn Township, Jefferson County, Iowa.
Soil Map <Click Here>
Survey <Click Here>

<Click Here> for FSA Information & Contracts

Real Estate Taxes on Tract #1
Gross                          $6,480.96
Ag. Credit                   ($179.46)
Family Farm Credit    ($125.28)
Net                              $6,178.00 (Approx.)

Real Estate Taxes on Tract #2
Gross                          $7,011.34
Ag. Credit                  ($192.33)
Family Farm Credit  ($134.32)
Net                              $6,678.00 (Approx.)

Real Estate Taxes on Tract #3
Gross                          $2,618.76
Ag. Credit                     ($72.87)
Family Farm Credit      ($50.90)
Net                              $2,496.00 (Approx.)

Real Estate Taxes on Tract #4
Gross                          $903.21
Ag. Credit                 ($26.35)
Family Farm Credit  ($18.40)
Net                              $858.00 (Approx.)

TERMS ON ALL TRACTS

Terms:10% down payment on February 28, 2020.  Balance due at closing with a projected date of April 13, 2020, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of April 13, 2020.
Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

Special Provisions:

• Tract #1 is selling subject to tenant’s rights on the tillable for the 2020 crop year, as follows: $185 x 186.87 Acres = $34,570.95, this will be paid to the buyer at closing.
• It shall be the obligation of the buyer of Tract #1 to serve termination to the tenant, prior to September 1, 2020, if so desired.
• The tillable land on Tracts #3 & #4 are selling free and clear for the 2020 farming season.
• It shall be the obligation of the buyer(s) to report to the Washington & Jefferson County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.  C. CRP prorate.
• Buyers agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyers agrees to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyers further agree to indemnify and hold harmless the sellers for any recovery sought by the FSA due to actions of buyers, which would violate the requirements of the CRP. In the event the buyers elect to take the ground out of CRP, the buyers will be responsible to the seller for any prorate of the CRP payment that the seller would have received.
• All tracts will be surveyed by a licensed surveyor and surveyed acres will be the multiplier for said tracts.  If the recorded survey is different than the announced surveyed acres, adjustments to the final contract price will be made accordingly at closing.
• Tract #1, a well agreement will be established for the two properties across the road.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
• If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
• The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer(s).
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Lathol A. Guy Estate and Joyce Guy Trust
Philip G. Guy & Mary Denise Guy-Himes – Co- Executors & Co- Trustees
Joseph L. McConnell – Attorney for the Sellers

For information contact Nate Larson at Steffes Group at 319.385.2000 or 319.931.3944