Wednesday – October 1, 2008 – 10:00am
Moose Lodge #496, Hwy 18 East, Spencer, Iowa

Location: Intersection of Hwy 71 and 485th St. – 11 miles south of Spencer, Iowa.

Legal: Part of North Half (N1/2) of the Southwest Quarter (SW1/4) in Section Twenty-four (24), Township Ninety-four (94) North, Range Thirty-seven (37), West of the 5th PM, Clay Co., Iowa containing 53 acres more or less. Note: not included is the 4 acre acreage in the northeast corner.

Land Description: A nearly all tillable rectangular unimproved tract of nearly level to very gently rolling farmland. The Gilmore farm contains 51.5 net taxable acres inside the road right of ways. The cropland acres are in one field divided by a waterway crossing the eastern part of the tillable acres. The Gilmore farm is bordered by a gravel road 485th Street on the north and Highway 71 on the east.

Soils: Majority of soils are Sac, McCreath and Afton.
Average CSR 74.7

RE Taxes: $1132.00 annually. Real Estate taxes prorated to January 1, 2009

Possession: At closing on November 18, 2008.

Terms: 10 percent down sale day.  Balance due at close on or before November 18, 2008.

Brokers Note: Jon Hjelm/The Acre Company is pleased to be selling the Gilmore farm at public auction. This farm has been in the Gilmore family for generations. An affordable size farm with excellent productive soils, 74.7 CSR, plus a highly visible location on US 71. This sale is subject only to the approval of the Seller the day of the auction. See you sale day!

Dennis C. Gilmore, Owner

Attorney: Brad Howe, Berg and Howe Law Offices, Spencer, Iowa

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

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