Hurni Land Auction

[vc_row][vc_column][vc_column_text]EXTRAORDINARY SIOUX COUNTY, IOWA 861.11 ACRE LAND AUCTION +/- 861.11 Surveyed Acres of High Producing East Orange Township Sioux County, Iowa Farmland With a High Percentage Tillable Located Near Granville, Iowa – “Home of Black Soil”

FARM #1 – +/-639.52 Acres – A Very Well Located Farm to be Offered as 4 Individual Tracts, Combinations of Tracts or as a +/-639.52 Acre Unit and FARM #2 – +/-221.59 Acres – A Very Well Located Farm to be Offered as 2 Individual Tracts or as a Combined +/-221.59 Acre Unit

Due to the Large Number of Owners and the Multi-fractioned Ownership in this land, we will offer the following real property at public auction, with the auction of ALL of this land to held at the GRANVILLE COMMUNITY CENTER – Located at 619 Broad Street in Granville, Iowa, on . . .

WEDNESDAY MORNING DECEMBER 7, 2016 SALE TIME: 10:00 AM

AUCTIONEER’S NOTE: This is a Momentous Land Auction consisting of land that has been owned by the same family for over 100 years, with continuous ownership of this land dating back to the early 1900’s. An auction of this magnitude is a very rare occurrence in NW Iowa – with this auction bringing a total of +/-861.11 surveyed acres to the market. This auction is even more rare, as FARM #1 is one of the few whole contiguous sections in Sioux County, IA that remains intact under a single entity of ownership.FARM #1 – the whole contiguous section is located just 4 miles south of Granville, Iowa; FARM #2 – Consists of +/-221.59 Acres – Located just 1 mile west of Granville, Iowa. If you are in the market for some extremely well located land with a mixture of productive cropland and other desirable attributes, then get your financing in order and make plans to inspect these properties and be in attendance at this momentous land auction! TO VIEW SURVEYS, AERIAL PHOTOS, SOILS DATA & OTHER INFORMATION – Visit our website at www.suttonauction.com. Looking forward to seeing you at the auction – Chuck Sutton.

FARM #1: +/-639.52 Acres – LEGAL DESC.: All of Sec. 35, T. 94N., R. 43W., (East Orange Twp.), Sioux County, IA. – Located from – Granville, Iowa – 4 miles south on Hwy. # L22/Marsh Ave. to the Northeast Corner of the Land situated at the Jct. of 500th St. and Marsh Ave.; from Remsen, IA (Golden Pheasant) – 4 miles east on Hwy. #3 (490th St.) and 7 miles north on Hwy. L22 to the SE corner of the land; or approx. 14 miles southeast of Orange City, IA or 9½ miles NW of Marcus, IA.

To be Offered in 4 Individual Tracts, Combinations of Multiple Tracts and as a Combined +/-639.52 Acre Unit – TRACT #1A – +/-155.72 Acres – That portion Lying North and West of the Drainage Ditch in the NW¼ and the NW¼ NE¼ Sec. 35, T. 94N., R. 43W.; TRACT #1B – +/- 163.47 Acres – That portion Lying East and South of the Drainage Ditch in the NE¼ and the SE¼ NW¼ Sec. 35, T. 94N., R. 43W.; TRACT #1C – +/-160.73 Acres – The SE¼ Sec. 35, T. 94N., R. 43W.; TRACT #1D – +/-159.60 Acres – The SW¼ Sec. 35, T. 94N., R. 43W.; TRACT COMBINATIONS – Tracts 1A & 1B – +/-319.19 Acres – the N½; TRACTS 1B & 1C – +/-324.20 Acres – That Portion of the NE¼ & SE¼ NW¼ Lying East of the Drainage Ditch and the SE ¼; TRACTS 1C & 1D – +/-320.33 Acres – The SE¼ & SW¼; Tracts #1D & #1A – +/-315.32 Acres – The SW¼ and that portion of the NW¼ and NW¼ NE¼ lying North and West of the Drainage Ditch; TRACTS #1A, #1B & #1C – +/-479.92 Acres – the N½ and SE¼; TRACTS #1B, #1C & #1D – +/-483.80 Acres – That Portion of the NE¼ & SE¼ NW¼ Lying East and South of the Drainage Ditch and the S½; TRACTS #1A, #1D & #1C – +/-476.05 Acres – That Portion of the NW¼ & NW¼ NE¼ Lying North and East of the Drainage Ditch and the S½; or as TRACTS #1A, #1B, #1C & #1D – The +/-639.52 Acre Unit in Its’ Entirety.

The land being offered for sale as FARM #1 consists of a total of +/-639.52 acres, according to the recent survey thereof. The south side of this land lies adj. to the Sioux-Plymouth County Line. Until now, this farm has been operated as a single parcel operated by a long-term tenant and has been maintained in an excellent state of cultivation. According to FSA and the current FSA 156EZ on this property, FARM #1 as a unit has been operated as Tr. #1039 of Farm #161 and is indicated to contain approx. 601.9 acres of total cropland with 598.5 acres of effective cropland due to the CRP reduction on 3.40 acres, and has a 283.8 acre corn base with a 168 bu. PLC yield and a 283.7 acre soybean base with a 50 bu. PLC yield and is enrolled under the ARC County election of the USDA farm program. Based on a recent survey data and approximations by Sioux County FSA staff & reviews of the FSA aerial photos of the property, it is estimated that the cropland acres in the respective tracts are as follows – Tr. #1A (155.72 Surveyed Acres) has approx. 143.42 acres of cropland; Tr. #1B (163.47 Surveyed Acres) appears to contain 147.88 + 3.4 CRP= +/-151.28 total acres of cropland; Tr. #1C (160.73 Surveyed Acres) has approx. 154.15 acres of cropland and Tr. #1D (159.60 Surveyed Acres) has approx. 148.65 acres of cropland; the nontillable acres on this farm comprised of drainage ditch/waterways, remnants of a former farmstead and roads. There presently is a small CRP contract on 3.4 acres situated in Tr. #1B that is enrolled at $216.40 per acre generating a total payment of $736.00, with the contract scheduled to expire on 9/30/2017, with 100% of that payment to be payable to the buyer, with the buyer to be responsible with compliance to the remaining terms and provisions of that contract. According to the Sioux County Assessor’s Data the Avg. Weighted CSR2 on this property calculate to be 89.5; info. obtained from Surety Agri-Data, Inc. indicates that this property in its’ entirety has a CSR2 of a 90.1- with the predominate soils on the cropland comprised of Class I, II & III soils, with lower caliber soils throughout the drainage and other nontillable acres. The general topography of the cropland is gently rolling to somewhat undulating throughout, with the grassland and drainage being variable with a mixture of rolling to some low lying areas in and around the creek and drainage areas. The total RE taxes payable in 2016 on this property in its entirety were – $14,904.00 or approx. $24.01 per acre.

FARM #2 – +/- 221.59 Acres Total Acres – LEGAL DESC.: General Legal – Tract #2A – +/- 146.39 Acres – The South +/-1,577.6’ of the East +/-4,045’ of the S½ of Sec. 3, T. 94N., R. 43W., (East Orange Twp.), Sioux Co., IA. & TRACT #2B – +/-75.20 Acres – The East +/-1,240’ of the South +/-2,643’ of the S½ of Sec. 3, T. 94N., R. 43W., (East Orange Twp.), Sioux Co., IA. Located from – Granville, IA – 1 mile west on Hwy. #10 (460th St.); approx. 7 miles SE of Orange City, IA.

To be Offered in 2 Individual Tracts or as a Unit – TR.#2A – +/-146.39 Acres – That portion Lying from the SW Corner of Sec. 3 (Jct. Hwy. #10/460th St. & Lily Ave.) – approx. 4,045’ E & W & +/-1,577’ N &S; and TR. 2B – +/-75.20 Acres – Lying at the SE Corner of Sec. 3 (Jct. of Hwy. #10/460th St. & Log Ave./Hwy. #L22) – Approx. 1,240’ E & W along Hwy. #10 & Approx. 2,643’ N&S along Hwy. #L22/Log Ave.; or as TR. #2A & #2B Combined – A +/-221.59 Acre Unit.

The land being offered as FARM #2 consists of a total of +/-221.59 acres, according to the recent survey thereof. Until now, this farm has been operated as part of a larger parcel, with portions being retained by the former tenant and a group of the current owners. This property has been operated by a long-term tenant and has been maintained in an excellent state of cultivation. Tr. #2A has been surveyed and is a Choice Parcel of Cropland with a very high percentage tillable; Tr. #2B is a parcel of land with a mixture of cropland and pasture. Based on approximations and reviews of the survey information and the FSA aerial photo of the land, it appears that Tr. #2A (146.39 surveyed acres) has a very high percentage tillable – excluding approx. 6.95 acres Hwy. ROW & 1.22 acres of non-cropland located in the south central portion to the land, which would appear to leave approx. 138.2 tillable acres. Tract #2B is estimated by FSA to contain approx. 50.6 acres of cropland, with the remainder in pasture, creek and roads. According to the Sioux County Assessor’s Data the Avg. Weighted CSR2 on this property calculates to approx. a 92.16, info. obtained from Surety Agri-Data, Inc. indicates that Tr. #2A has a CSR2 of a 92.5, Tr. #2B has a CSR2 of a 91 and Tracts #2A & #2B Combined have a CSR2 of a 92.1 – with the predominate soils on the cropland comprised of Class I, II & III soils, with lower caliber soils throughout the drainage and other nontillable acres. The general topography of the cropland is predominately level to gently rolling, with the grassland and drainage being inclusive of some low lying areas. The RE taxes on the five 40’s from which this 221.59 acres were surveyed out of, were approx. $22.37 per acre.

This property has potential to fulfill the needs of a variety of buyers, especially those looking for a large contiguous parcel or parcels of extremely well located productive cropland, with each of these farms to be offered in a manner that will fit the needs of a myriad of potential buyers. Properties such as those included on this auction are a “rare find” in northwest Iowa and even more so in Sioux County, Iowa which is a very highly regarded agricultural area. To fully appreciate this property, make plans to inspect this land – as interested parties are invited to inspect this land at any time and at the leisure of those interested in this superb offering. This land offered for sale on this auction would make an excellent addition to area row crop & crop/livestock operations or could provide an excellent investment opportunity, as this auction is inclusive of some extremely productive high caliber land that truly must be seen to be fully appreciated!!

TERMS: CASH – A 10% nonrefundable earnest money payment sale day & the balance on or before February 15, 2017; buyer(s) will receive full possession of this land for the 2017 crop and pasture season. Marketable Title will be Conveyed and abstracts of title will be continued at the expense of the sellers and furnished to the buyer(s) for examination. Real Estate Taxes – The Seller will pay all of the taxes up to Dec. 31, 2016 and all prior RE taxes. The acres in both FARMS #1 & #2 and the respective tracts will be sold based on Surveyed Acres as determined by Krueger Surveying, P.C., with the survey costs and related matters to describe the parcels in a recordable form, to be paid by the sellers. The acres sold will be based on the surveyed acres, with the acres understood to be “more or less”. The sellers do not guarantee that existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the buyer(s) pursuant to IA Law. FSA cropland acres, yields, bases & other information is estimated and subject to County Committee approval, furthermore the purchaser will be obligated to comply with the remaining terms and provisions of the existing CRP contract on Farm #1, with any penalty for non-compliance or costs related to cancellation of the CRP contract to be the responsibility of the purchaser(s). This property is sold in “AS IS” condition and is sold with no contingencies whatsoever and the information contained herein is deemed to be correct, but is not guaranteed. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Sioux Co., IA Zoning Ordinances and/or regulations. The RE licensees in this transaction are acting as agents for the seller. Closing agent for this transaction will be Title Resource Network (TRN) Settlement Services. Sold subject to confirmation of the Trustee(s), Agent for the Heirs, Trust Asset Administrator and/or Court Confirmation. This property may be inspected by prospective bidders at the leisure of those interested in any of the parcels. To inspect aerial photos, survey information, soils data or other additional information see www.suttonauction.com; www.kleinrealestate-auction.com or contact the auctioneers.[/vc_column_text][/vc_column][/vc_row]