December 16, 2008 - 131.15 Acres of Lyon County, IA Farmland

LYON COUNTY FARMLAND AUCTION

OF 131.15 ACRES OF LYON COUNTY FARMLAND

LOCATED FROM POPKES CAR CARE OF ROCK RAPIDS, IA 4 MILES SOUTH, 1 ½ MILES WEST OR GOLDFINCH AVENUE AND 190^TH ST.

TUESDAY DECEMBER 16, 2008

SALE TIME: 10:30 A.M.

AUCTION SIGNS WILL BE POSTED—AUCTION HELD AT SITE OF LAND

GENERAL DESCRIPTION: Selling will be 131.15 surveyed acres of farmland with 127.96 cropland and waterway. Estimates from Lyon County FSA show about 125.2 acres of cropland with corn base of 62.1 acres with 96 bushel Direct Yield and 140 bushels CC yield. Soybean base of 62.1 acres with a Direct yield of 37 bushels and a cc yield of 44 bushels. Farmland is classified as HEL with a conservation plan of crop rotation, contour farming and workable –pushup terraces. The weighted average CSR is 61. Soil types consist of Moody Silty Clay Loam, Marcus Silty Clay Loam, Trent Silty Clay Loam and Egan Silty Clay Loam.

LEGAL DESCRIPTION: Fractional NW ¼ (except parcel C) Section 30, Rock Township 99 North, Range 45 West of the 5^th P.M. Lyon County, Iowa. Subject to public roads and easements of record.

TAXES: According to the Lyon County Treasurer, the current Real Estate Taxes are approximately $1948.00 per year. Seller will pay the 2008 taxes due and payable in the Spring and Fall installments of 2009.

POSSESSION: Possession of 131.15 acres will be given to the buyer(s) on March 1, 2009 due to current farm lease.

METHOD OF SALE: 131.15 +/– acres will be sold as one unit.

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 February 26, 2009 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 day of auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. The land is being 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 of the sellers. Mike Austin is the attorney for the sellers.

VISIT OUR WEBSITE: www.vanzomrealtyauction.com

JAMES W. AND ELLA B. FORSTER CHARITABLE TRUST

Auctioneers and Real Estate Brokers

Darrell Vande Vegte—Doon, IA -712-726-3428

Mark Zomer-Rock Valley, IA -712-470-2526

Sales—Gary Vanden Berg-712-476-5843