February 28, 2012 - 160 Acres of Lyon County, IA Farmland

High Quality Prime Lyon County Iowa

Farmland at auction

Of 160+/- acres of farmland

Tuesday February 28, 2012–SALE TIME: 10:30 A.M.

LOCATION: From Caseys corner in Hull, IA. go 7 miles North on K/52/Hickory Ave. to 250^th St. then go ½ mile West to beginning of land. From Doon, IA. from intersection of A52/K42 go 4 miles East on Blktop A-52 to Harrison Ave. then go 1 mile North on Harrison Ave.– –Land is located at intersection.

Auction held at site of land-Auction signs will be posted!!

Sale held at site of land—Auction signs will be posted!!!

AUCTIONEERS NOTE: We are honored to conduct this auction for the Schroeder family. This is a choice farm located in Lyon County, IA. This farm has been in the Schroeder family for many years and is truly a once in a lifetime opportunity. This is an attractive piece of farmland and would be pleasure to farm!!!–If you are looking for a PRIME piece of farmland — Make plans today to attend!!

Legal Description: The NW ¼ of Section 27, Twp 98N, Range 45W, Garfield Twp, Lyon County, IA. subject to public roads and easements of record.

General Description: Selling will be 160+/– gross acres of Farmland according to the Lyon County assessor. According to the Lyon County FSA, this farm contains 157.81 tillable acres with the balance in road and ditch. This farm is nearly all tillable and has high producing soils with an average CSR rating of 62.2. This farm is classified as non-HEL. The predominant soil types are: 310B2, 310B and 310C2—Galva silty clay loam, 430-Ackmore silty clay loam and 91B-Primghar silty clay loam. This farm has a corn base of 78.7 acres with a direct yield of 103 and cc yield of 141bu. This farm has a soybean base of 77.7 acres with a direct yield of 40 and cc yield of 48bu. Don’t miss the opportunity to invest in this prime farmland or to add to your current operation. This farm is nearly 100% tillable and is an excellent producing farm.

Method of Sale: Offered will be the 160+/– acres of farmland and will remain sold.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $3500.00 per year. Seller will pay the 2011 taxes due and payable in the spring and fall of 2012.

Possession of farmland: Possession will be March 1, 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 16, 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 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. This land is sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. Any announcements made day of auction will supersede any advertisements.

WWW.ZOMERAUCTIONS .COM

Laura Schroeder Revocable Trust—owners

W.E. Gene Collins of Murphy, Collins & Bixenman——attorney for trust

Auctioneers and RE Brokers:

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Gary Van Den Berg-712-476-5843

Joel westra—605-310-6941

Pete Atkins-605-351-9847