Tuesday - September 18, 2007 - 2:00pm
Terril Community Library, Terril, Iowa

Location: 1 mile east and 1 mile north of Lake Center on 320th Ave or from Terril - 4 miles south, 1 mile east and 1 mile south on 320th Ave

Legal: Tract One: Southeast Quarter (SE1/4), Section Ten (10), Township Ninety-seven (97) North, Range Thirty-five (35) West of 5th PM, Clay Co., IA minus the improved acreage. Tract One contains 151.5 acres more or less. Tract Two: An improved 8.5 acres more or less (460’ x 800’) in the southeast corner of Tract One. Tract Two to be surveyed at sellers expense if Tract One and Tract Two are sold to two separate buyers.

Property Description:
SOLD! - $4,200/acre
Tract One: Gently rolling rectangular mostly tillable improved inside Quarter Section. The farm is bordered on the east by a gravel road. Cropland is in two fields 109.1 acres and 27.4 acres. The 27.4 acre field has been seeded with $1633 cost share funds in a ten year program. Tract One is divided by a drainage ditch with 11.4 acres in Filter Strips at $159.56/acre.

SOLD! - $54,000
Tract Two: An improved acreage (460’ x 800’ estimate), includes a small farm house, a 45’ x 90’ Morton Building, two grain bins and misc. outbuildings. The bins are a 7200 Bu drying bin and 4000 Bu storage bin. Note: access to the farmland and acreage is on a narrow county bridge on 290th St.

Soils: Clarion, Okoboji, Nicollet, Biscay. Ave. CSR 71.46

RE Taxes:

Possession: March 1, 2008

Terms: 10 percent down day of sale. Balance at close on or before November 15, 2007.

Method of Sale: Tract one will be offered and then Tract Two will be offered. No combinations.

Brokers Note: Excellent opportunity to purchase at auction this attractive improved Clay Co. Quarter Section with a 71.46 CSR. The acreage includes the house, a machine shed, and two grain bins. Sale is subject only to the approval of the sellers at the auction.

For more information contact Jon Hjelm 712-240-3529 or Brian Goodell 712-320-3093

Ferguson Farms, Owner

Attorney: Stephen S. Avery, Cornwall-Avery-Bjornstad & Scott, Spencer, IA
Joseph L. Fitzgibbons, Fitzgibbons Law Firm, Estherville, IA

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

Agents:
Brian Goodell - 712-320-3093
Brent Brown - 712-260-7351
Chuck Sikora - 712-260-2788

For more information on this or any of our listings please contact us.