227 Acre Land Auction

Owner: LaVonna Struthers Estate

Wednesday August 25, 2010 10:30 am

Located at: 1059 110^th St. Ottosen, IA

Or 4 miles south of West Bend on Hwy 15 & ¼ mile east on C20.

General Description:

This is a fairly level to gently rolling highly productive farm with good CSR ratings and well drained soils. The acreage is well maintained with good grain facilities, machine shed and a potential for upgrade to a family setting. It is well located on a hard surface county road with close connections to 3 active rural town communities.

Tract 1:

NW ¼ of the NE ¼ and the NE ¼ of the NE ¼ and 12 acre tract E of county road in Gov. Lot 4 in Section 7, Wacousta Township, Humboldt County, IA.

Total tract consisting of and sold as 92 acre more or less.

Average CSR for this tract is 77.83. Tillable acres 82.31. Annual Property taxes are $1858.00.

Tract 2:

SE ¼ of the SE ¼ and the NE ¼ of the SE ¼ of Section 6, Wacousta Township, Humboldt County, IA. Total tract consisting of and sold as 80 acres more or less.

Average CSR for this tract is 77.42. Tillable acres 77.52. Annual Property taxes are $1580.00.

Tract 3:

East tract in Gov. Lot 3, Section 6, Wacousta Township, Humboldt County, IA.

Total tract consisting of and sold as 55 acres more of less.

This tract includes approximately 46 acres tillable land plus the acreage site.

Acreage site includes 40 x 90 metal storage building. 36’ dia. grain bin w/drying system.

(5) 18’ dia. Storage bins. 3 car garage. And uninhabitable house.

Average CSR for this tract is 72.58. Tillable acres 44.61. Annual Property taxes are $1858.00

Land to be sold separately in 3 tracts by order listed and not to be thrown back together.

Terms: 10% down day of sale with successful bidder(s) to sign purchase contract. Remainder of balance due on or before November 1, 2010 at which time clear and merchantable title will be conveyed. All legal documents will be prepared and presented by Nate Newhouse-West Bend Iowa Realty at 211 S Broadway, West Bend, IA. Taxes will be prorated to possession date. Tenant reserves the right of the use of grain facilities until March 1, 2011. Right to do fall tillage will be given at completion of harvest. Family reserves the right to reject any and all bids.

Announcements day of auction will take precedence over any and all advertised materials.

North Iowa Realty 515-887-6530

Website: www.westbendiowarealty.com

Auction Conducted by:

Jay Bargman~Auctioneer & Agent

515-887-5759 Cell~515-314-3567

Tom Eberle~Auctioneer

712-857-3962 Cell~712-358-1300

www.eberleauction.com