December 5, 2008 - 154.28 Acres of Sioux County, IA Farmland -

SIOUX COUNTY FARMLAND AUCTION

OF 154.28+/–ACRES OF SIOUX COUNTY FARMLAND

FRIDAY, DECEMBER 5, 2008

SALE TIME: 10:30 A.M.

IN CASE OF INCLEMENT WEATHER,

SALE WILL BE HELD ON SAT. DECEMBER 6 @10:30 A.M.

AUCTION SIGNS WILL BE POSTED !**AUCTION WILL BE HELD SITE OF LAND**

LOCATION: From Pump n Pak in Rock Valley, IA go 7 miles West on Hwy 18 to curve then go 3 miles North or from Mickels Corner in Inwood, IA go 4 miles South on Hwy 18

Auctioneers note: We are honored to have been asked to conduct this auction for  Glen and Donna Tilstra and Conrad and Verna Krahling. This attractive piece of farmland offers many opportunities for anyone to add to their current operation or to be purchased as a great investment as this tract of farmland has been in this family for many years–so present yourself with this once in a lifetime opportunity!!  Plan to see us sale day!! Thank You!!

Legal Description: The SE ¼ of Section 6, Sioux Township, Township 97 North, Range 47 West of the 5^th P.M. Sioux County, IA, subject to Public Roads and Highways of record and Public easements of record. This includes abandoned acreage site located in the Northwest corner of the farm.This farm will be surveyed by the sellers and buyer will purchase surveyed acres.

General Description: Selling will be 154.28+/–Acres of farmland including an abandoned acreage site. This farm according to the Sioux County FSA contains 141 acres of cropland and has a corn base of 69.2 acres with a direct yield and cc yield of 107 bu. This farm has a soybean base of 47.8 acres with a direct yield and a cc yield of 38 bu. This farm also has 3.8 acres of CRP with an annual payment of $609.00. This contract expires on 9-30-2015. The balance of this farm would be the abandoned acreage site, waterways and road and ditch. This farm has an average corn suitability rating of 61. The predominant soil types include Moody Silty Clay loam, Judson Silty Clay loam, Primghar Silty Clay loam, Crofton Silty Clay loam and Colo Silty Clay loam. This farm has approximately 6500 ft of terraces and is classified as hel and has a conservation plan in effect. This farm has some tile installed. This farm also has approximately 22 acres of alfalfa seeded in 2006. This highly productive farm has much to offer and is in a great location and would make a great addition to anyone’s current operation.

Taxes: According to the Sioux County Treasurer the current Real Estate Taxes are approximately $2370.00 per year. Seller will pay the 2008 taxes due and payable in the Spring and Fall installments of 2009. 

Possession: Possession of the farmland will be March 1, 2009. Subject to 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 enter into a purchase agreement with the remaining balance due and payable on closing day December 29, 2008 when the buyer shall receive a clear and merchantable title to the property. The 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 the data provided. Any announcements made the day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. The land sold subject to the confirmation of the sellers. If any additional information is requested please contact the agents listed below. Vande Vegte and Zomer Realty and Auction Inc. are agents for the sellers. Don Klein attorney for the sellers.

Website: www.vanzomrealtyauction.com

Glen and Donna Tilstra and Conrad and Verna Krahling–OWNERS

AUCTIONEERS AND RE BROKERS

MARK ZOMER—712-470-2526     DARRELL VANDE VEGTE—712-726-3428

GARY VANDEN BERG-SALES-712-476-5843