October 18, 2011 - 180 Acres of Lyon County, IA Farmland - Sold for Tract 1-$4,750.00-Tract 2-$5,750.00

Lyon County IA -Centennial Twp Land Auction

Of 184.03+/–acres of Pasture and Possible tillable land

Tuesday, October 18, 2011

Sale time: 10:30 A.M.

Location: from Mickels Corner in Inwood, IA. on Hwy 182 go 4 miles north to 200^th St. then go approx. 3 1/2 miles west on 200^th St. to North edge of Tract 1. The South edge of Tract 2 borders 210^th St. —

Auction will be held on 200^th St. at the North end of land–Auction signs will be posted!!

Auctioneers note: We are honored to conduct the auction for this “Outstanding” land auction for the Jasper Ter Wee Revocable Trust. This choice pastureland with possible tillable land is nestled in Northwest Iowa and will be sold in 2 separate tracts. This land has the possibility of approx. 40-60+ tillable acres. This land has 2 small natural ponds and is some of the finest pastureland in Northwest Iowa -. Make plans today to attend.

Due to the fact that this property is hard to view from the road-auction company will be available at the land site on Saturday Oct. 1, 2011 from 1:00 P.M. to 3:00 P.M. to give a guided tour.

Legal Description of Tract 1: North part of Parcel E located in the W ½ of the NW ¼ of Section 34, Twp 99N, Range 48W and that part of Lot 2 located in the NW ¼ of Section 34, 99N, 48W- except Lots 1 & 3 and Parcel D. Lyon County, IA. -subject to Public roads and easements of record.

General Description of Tract 1: According to the Lyon County assessor, this tract contains approx. 100.13+/– gross acres which include approx. 1.16 acre alley way to the South pasture. This farm has a corn base of 9.7 acres with a direct and cc yield of 92bu. This tract offers endless opportunities with its highly productive pastureland with above average fences, natural pond, trees and scenic beauty. This tract also has the possibility for tillable farmland. If you are a cow/calf operator, farmer or investor or are looking for one of the choicest well maintained pastures in Lyon County, IA.—you will not want to miss this opportunity. This is a hidden secret in Northwest Iowa. Buyer of Tract 1 will have the first option to purchase alley way connecting to Tract 2.

Legal Description of Tract 2: The S part of Parcel E located in the SW ¼ of Section 34, 99N, 48W and the SE ¼ of the SE ¼ of Section 33, 99N, 48W, Lyon County, IA. –except Lot 1, Lot 3 of Parcel E, Parcel D and Lot 3 and Parcel B—subject to pubic roads and easements of record.

General Description of Tract 2: According to the Lyon County Assessor, this tract contains approx. 83.90+/– gross acres excluding 1.16 acre alley way connecting to Tract 1. This tract offers endless opportunities with its highly productive pastureland with above average fences, natural pond, trees and scenic beauty. This tract also has the possibility for tillable farmland. If you are a cow/calf operator, farmer or investor or are looking for one of the choicest well maintained pastures in Lyon County, IA.—you will not want to miss this opportunity. This is a hidden secret of Northwest Iowa.Buyer of Tract 1 will have the first option to purchase alley way connecting to Tract 2. If buyer of tract 1 does not purchase alley way, buyer of Tract 2 will have the option.

Method of Sale: This farm will be offered as two tracts and will not be combined.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $988.00 total for Tracts 1 & 2 per year. Seller will pay the 2011 taxes due and payable in the spring and fall of 2012.

Possession: Possession will be given on Nov 1, 2011 subject to the current farm lease.

TERMS: Purchaser(s) will be required to pay a non-refundable 10% of the purchase price immediately following the auction and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day of December 13, 2011 when the buyer shall receive a clear and merchantable title to the property. This farm is being sold as is as a cash sale with no finance contingencies. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. All FSA information is according to the Lyon County FSA. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. The land is sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. Auctioneers are agents for the sellers.

www.zomerauctions.com

Paul Kippley –attorney for sellers

JASPER TER WEE REVOCABLE TRUST –OWNER

AUCTIONEERS

MARK ZOMER-712-470-2526

DARRELL VANDE VEGTE-712-726-3428

GARY VAN DEN BERG-SALES-712-470-2068

JOEL WESTRA-605-310-6941