November 17, 2011 - 118.05 Acres of Lyon County, IA Farmland - Sold for Tract 1-$12,900.00-Tract 2-$12,375.00

Lyon County, IA. Farmland at Auction

118.05 acres of Cleveland Twp Farmland

Sold in 2 tracts

Thursday, November 17, 2011

Sale times—10:00 A.M.-Tract 1- 78.05 acres located in Section 28

11:30A.M.–Tract 2: -40 +/–acres located in Section 36

***Land Sold at Site of land***

Location: to Tract #1—From the Corner east of Alvord, IA or the Junction of A-34/Elmwood Ave. go 1 mile east to Fig Ave. then go 1 mile north to 200^th St. land is located at intersection of Fig Ave./200^th St. –Tract #2—from the north edge of Doon, IA go 4 miles north on Blktop K-42/Garfield Ave. to Blktop A-34/210^th St. Then go 1 mile east to Goldfinch Ave. then go 1 mile north. Land is located at intersection of 200^th St/Goldfinch Ave. Auction signs will be– posted!!

AUCTIONEERS NOTE: We are honored to conduct this auction for the Langfeldt family. These farms have been in the Langfeldt family for many years and is truly a once in a lifetime opportunity. If you are looking for a piece of farmland to add to your current operation or as an investment — Make plans today to attend!!

Legal Description of Tract 1(sold at 10:00 A.M. at site of land): The SE ¼ of Section 28, Twp 99N, Range 46W of the 5^th P.M. Lyon County, IA. except the West 76.5 acres and except acreage site.

General Description: Selling will be 78.05+/– acres of Farmland according to the Lyon County assessor. According to the Lyon County FSA, this farm contains 72.23 tillable acres. The farm has road on 2 sides. This farm has an average CSR rating of 57.2. This farm is classified as –HEL and has a conservation plan in effect. This farm is not enrolled in the acre program. The predominant soil types are: 410C2, 410B-Moody silty clay loam, 92-Marcus silty clay loam, 910B-Trent silty clay loam and Ackmore silty clay loam. This farm has a corn base of 35.2 acres with a direct yield of 102 and cc yield of 140bu. This farm has a soybean base of 34 acres with a direct yield of 41 and cc yield of 49 bu. 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 78.05+/– acres.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $1264.00 per year. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession: Possession will be March 1, 2012 due to current farm lease.

Legal Description of Tract 2 (Sold at 11:30 A.M. at site of land) The NE ¼ of the NE ¼ of Section 36, Twp 99N, Range 46Wof the 5^th P.M., Lyon County, IA.

General Description: Selling will be 40+/– acres of Farmland according to the Lyon County assessor. According to the Lyon County FSA, this farm contains 35.73 tillable acres with the balance in road, ditch and waterways. This farm has an average CSR rating of 67.6. This farm is classified as non-hel except for 8 acres. This farm is enrolled in the acre program. The predominant soil types are: 133-Colo silty clay loam, 910-Trent silty clay loam, 411C2-Egan silty clay loam, 410B2-Moody silty clay loam, 733-Calco silty clay loam and 430-Ackmore silty clay loam. This farm has road on one side. This farm has a corn base of 17.4 acres with a direct yield of 97 and cc yield of 151bu. This farm has a soybean base of 17.5 acres with a direct yield of 36 and cc yield of 43 bu. Don’t miss the opportunity to invest in this prime farmland or to add to your current operation. The buyer of this tract will be required to install any new access driveways if desired.

Method of Sale: This farm will be offered as one tract of 40+/– acres.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $658.00 per year. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession: Possession will be when the March 1, 2012 due to current farm lease.

TERMS FOR TRACTS 1 & 2: 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 December 22, 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. Auctioneers are agents for the sellers. –

www.zomerauctions.com

Paul Kippley—attorney for sellers.

William and Viola Langfeldt Revocable Trust–owners

Auctioneers and Re Brokers:

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Gary Van Den Berg-sales-712-470-2068