January 18, 2011 - 160 Acres of Lyon County, IA Farmland - Sold for $6,225.00

PRIME LYON COUNTY, IOWA FARMLAND AT AUCTION

OF 160 +/–ACRES OF WHEELER TWP PRIME FARMLAND

TUESDAY JANUARY 18, 2011

SALE TIME: 10:30 A.M.

LOCATION: FROM JURRENS FUNERAL HOME IN GEORGE IA GO 5 MILES SOUTH ON L-14/KENNEDY AVE. TO BLK TOP A52 THEN GO 1 ½ MILES WEST OR FROM BOYDEN, IA. GO 6 MILES NORTH ON L-14 TO BLK TOP A52 THEN 1 ½ WEST.—Sale held at site of land

AUCTIONEERS NOTE: This land has been owned by the Van Zanten’s for many years and is truly a once in a lifetime opportunity as they are offering the property for sale and are doing a 1031 exchange. Make plans today to attend!!

Legal Description: SW ¼ of Section 27, Twp 98N, Range 44W, Wheeler Twp, Lyon County, IA. –subject to public roads and easements of record.

General Description: Selling will be 160+/– acres of Farmland. According to the Lyon County FSA, this farm contains 141.4 cropland acres which consist of 126.2 tillable acres and 15.2 of CRP along the Otter Creek. This farm has high producing soils with an average CSR rating of 62.9. This farm is classified as non-HEL. This farm has a corn base of 100.1 acres with a direct and cc yield of 96 bu. This farm has a soybean base of 26.1 acres with a direct and cc yield of 29 bu. The topography of the land is very gently rolling. This tract of farmland has had excellent care by a long term tenant who maintained it with extensive fertilizer application and manure. This farm has been checked for the nutrient depreciation program and potential buyers are encouraged to check into the 180 nutrient depreciation programs offered. For more information contact Tim Bakker at Extended Ag at 712-478-4582. Don’t miss the opportunity to invest in this prime farmland or to add to your current operation.

Method of Sale: This farm will be offered as one tract of 160+/– acres.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $2574.00 per year. Seller will pay the 2010 taxes due and payable in the Spring and Fall of 2011.

Possession: Possession will be March 1, 2011 due 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 February 21, 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. Vande Vegte and Zomer Realty and Auction are agents for the sellers.

JOHN AND MARY VAN ZANTEN REVOCABLE TRUST—OWNERS

AUCTIONEERS AND RE BROKERS

MARK ZOMER712-470-2526

DARRELL VANDE VEGTE—712-726-3428

GARY VAN DEN BERG—SALES-712-470-2068

TIM DE BRUIN-712-475-3325