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DAVIS COUNTY, IOWA LAND AUCTION

MILTON, IOWA

Access to Yukon Avenue from Hwy 2 is blocked.

Land is located approx. 2 ½ miles west of Milton, IA on Highway 2, then approx. 3 miles south on Wheat Avenue,
then approx. 3/4 mile east on 290^th, then approx. 1 ½ miles north on Yukon Avenue.

Access to Tract 1 by foot or ATV/UTV only - NO vehicle access.

Auction to be held at the Milton Senior Center/American Legion, 320 N Main Street, Milton, IA 52570

THURSDAY, OCTOBER 29, 2020 AT 2PM

Selling Free and Clear for 2021!

319.21 Surveyed Acres M/L – SELLS IN 3 TRACTS

Survey Now Complete

< Click Here > for survey overlay

< Click Here > for survey plat

“Selling Choice with the Privilege”

Tracts 1, 2 & 3 will be sold price per surveyed acre and will be selling Choice with the Privilege. High bidder may take Tract 1, Tract 2, Tract 3 or any combination of tracts, in any order, times their high bid. This will continue until all tracts are offered. Once this is completed, the farm will then be offered as a whole with Tracts 1-3 combined.

319.21 x $3,450 = $1,101,374.50

Tract #1 - 58.03 Surveyed Acres M/L

FSA indicates: 43.09 acres tillable of which 12.62 acres are in CRP as follows:

11.07 acres at $156.93 = $1,737.21 and expires on 9-30-2022.

1.55 acres at $174.51 = $270.49 and expires on 9-30-2026.

Corn Suitability Rating 2 is 54.1 on the tillable acres.

Located in Section 25, Roscoe Township, Davis County, Iowa.

Not included: Deer stands

View Tract 1 Soil Map

Tract #2 - 148.71 Surveyed Acres M/L

FSA indicates: 115.39 acres tillable of which 13.22 acres are in CRP as follows:

11.26 acres at $174.51 = $1,964.98 and expires on 9-30-2026.

1.96 acres at $156.93 = $307.58 and expires on 9-30-2022.

Corn Suitability Rating 2 is 39.5 on the tillable acres.

Located in Sections 25 & 36, Roscoe Township, Davis County, Iowa.

Not included: Deer stands

View Tract 2 Soil Map

Tract #3 - 112.47 Surveyed Acres M/L

FSA indicates: 93.6 acres tillable of which 10 acres are in CRP as follows:

10 acres at $174.51 = $1,745.10 and expires on 9-30-2026.

Corn Suitability Rating 2 is 40.8 on the tillable acres.

Located in Sections 25 & 36, Roscoe Township, Davis County, Iowa.

Not included: Deer stands

View Tract 3 Soil Map

View FSA Info for All Tracts

Terms: 10% down payment on October 29, 2020. Balance due at closing with a projected date of December 15, 2020, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of December 15, 2020. (Subject to tenant’s rights)

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.

Tract #1 - Real Estate Taxes
Gross                          $1,098.36
Ag. Credit                   ($18.71)
Net (Approx.)             $1,080.00

Tract #2 - Real Estate Taxes
Gross                          $2,228.75
Ag. Credit                   ($37.98)
Net (Approx.)             $2,191.00

Tract #3 - Real Estate Taxes
Gross                          $1,745.29
Ag. Credit                  ($29.73)
Net (Approx.)             $1,715.00

Special Provisions:

The seller has served termination to the tenant on the tillable ground and is selling free and clear for the 2021 farming season.
It shall be the obligation of the buyer to report to the Davis County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs. C. CRP Prorate.
Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer 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. Buyer further agree to indemnify and hold harmless the sellers for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer elects to take the ground out of CRP, the buyer will be responsible to the seller for any prorate of the CRP payment that the seller would have received.
Tracts #1, 2 & 3 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.
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)
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.
The buyer(s) will be responsible for installing his/her own entrance, 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 real estate.
Steffes Group, Inc. is representing the Seller.
Any announcements made the day of sale take precedence over advertising.