Tuesday – December 16, 2008 – 2:00 pm
V.F.W. Club, 15 21st Street E., Spencer, IA

Location: 6 miles south of Spencer on Blacktop M50.

Legal: Southwest Quarter (SW1/4) of Section Sixteen (16), Township Ninety-five (95) North, Range Thirty-six (36), West of the 5th PM, Clay Co., Iowa containing 148 acres more or less.

Land Description: An all tillable rectangular unimproved tract of level to nearly level farmland. County drainage tile are located on the south and west sides of the farm providing access for drainage outlet. The farm is bordered by Blacktop M50 on the west and a gravel road, 420th Street, on the south. An improved 12 acre acreage is not included in the sale. A survey with exact acres will be completed by sale day.

Soils: Majority of soils are McCreath, Gillett Grove and Ransom.

Average: CSR 80.7

RE Taxes: $3246.00 estimated annually. Real Estate taxes will be prorated to January 1, 2009.

Possession: At closing on February 2, 2009.

Terms: 10 percent down sale day. Balance due at close on or before February 2, 2009.

Brokers Note: Jon Hjelm/The Acre Company is pleased to be selling the Schomburg farm at public auction. An outstanding opportunity to own a reputation farm with excellent productive soils and a CSR of 80.7. This sale is subject only to the approval of the Seller the day of the auction. For more information call Jon Hjelm 712-240-3529 or Chuck Sikora 712-260-2788. See you sale day!

James Schomburg, Owner

Attorney: Rick Barry, Montgomery, Barry and Bovee, Spencer, Iowa.

Broker / Auctioneer: Jon Hjelm / The Acre Co. 712-240-3529

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