December 13, 2011 - 182.53 Acres of Sioux County, IA Farmland - Sold for $12,750.00

Upcoming Sioux County, IA. High Quality Farmland

182.53 acres of Irrigated Logan Twp, Section 3 Farmland

Tuesday December 13, 2011—Sale Time 10:30 A.M.

Location: From Kum N Go in Hawarden, IA. go 1 mile South on Hwy 12 to 460^th St then go ½ mile West to beginning of land.

Auction held at site of land!!

Auctioneers note: We are honored to conduct this auction for the Lynott family. This Prime irrigated Sioux County, IA. Farmland has been in the Lynott family for 100+ years and truly is an opportunity of a lifetime. Make plans today to attend this Auction and add this farm to your operation!

Legal Description: Abbreviated legal—The E ½ of the SW ¼ and the SW ¼ of the SW ¼ and a part of Government Lot 3 all in Section 3 and a Part of Government Lots 1 & 2 in Section 4—all aforesaid being in Twp 94N, Range 48W of the 5^th P.M. Sioux County, IA according to survey.

General Description: Selling will be 182.53 gross acres of Farmland according to the survey. According to the Sioux County FSA, this farm contains 179.08 tillable acres with the balance in road and ditch. This farm has high producing soils with an average CSR rating of approx. 63. This farm is classified as non-HEL. The topography of this farm is nearly level. This is a very attractive piece of land and would be a pleasure to farm. The predominant soil types are: 116-Graceville silty clay loam, 108, 308-Wadena Loam and 486-Davis loam. This farm is irrigated with a 7 tower up to date electric Zmatic low pressure irrigation system. This irrigation system also includes 3 approx. 42’ very good wells. All well rights and permits will be transferred to new buyer. The corn and soybean base of this farm is combined with another tract of land. This farm has been very well managed and is a very productive farm. Don’t miss the opportunity to invest in this prime farmland or to add to your current operation. This farm has been in the family 100+ years and is a once in a lifetime opportunity!

Method of Sale: Offered will be 182.53 acres as one tract

RE taxes: According to the Sioux County Treasurer, the current RE taxes are approx. $1900.00 per year. However, this property has been surveyed and taxes will need to be adjusted according to the survey. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession of farmland: Possession will be on closing day March 6, 2012.

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 March 6, 2012 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. No warranties are expressed or implied. All FSA information is according to the Sioux County FSA. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This land is sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. James Pickner—attorney for sellers.

Lyno

Lynott Family Estate—owners

tt Family Etate—ownrs

Auctioneers:

Joel Westra—605-310-6941

Pete Atkins-605-351-9847

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428