November 20, 2007 - 156.02 Acres of Lyon County, IA Farmland - Sold for $6,250.00

LAND AUCTION

OF INSIDE 156.02 ACRES OF LYON COUNTY, IA FARMLAND

LOCATED 3 ½ MILES SOUTH OF LESTER, IOWA ON BLACKTOP K30 OR 1 ½ MILES WEST, 2 ½ MILES NORTH OF ALVORD, IOWA.

TUESDAY, NOVEMBER 20, 2007

SALE TIME–10:30 A.M.

SALE HELD AT LOCTION OF THE LAND

GENERAL DESCRIPTION:  156.02 inside acres (acreage not included) of farmland lying West and adjacent to blacktop K30. Estimates from Lyon County F.S.A. shows 152 acres of cropland  with a corn base of 75.9 acres, Direct Yield of 98 bushels and CC

Yield of 152 bushels.  Soybean base of 75.9 acres with a Direct Yield of 44 bushels and CC Yield of 52 bushels.  Soil types are Moody Silty Clay Loam associated with Trent Loam, Kennebec Silty Clay Loam and Colo Silty Clay Loam.  Land is classified as Non-HEL with estimated 61.5 average CSR. Land is currently leased for the year 2008 at cash rent with rent going to the buyer.

LEGAL DESCRIPTION:  SE ¼ (except Lot 1 of 3.98 acres of acreage) of Section 24, Logan Township 99 North, Range 47 West of the 5^th P.M. Lyon County, Iowa. Subject to public road and easements of record.

POSSESSION:  March 1, 2008.

REAL ESTATE TAXES: Sellers will pay the 2007 real estate taxes that are due and payable in the Spring and Fall installments of 2008.  Current real estate taxes are $2,392.00 for a full year.

METHOD OF SALE:  This tract will be sold as 156.02 acres.

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 purchaser agreement with the remaining balance due and payable on closing day of January 22, 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 and soil maps are available upon request.  Land sold subject to the confirmation of seller.  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.

JOHN AND RICHARD DELL, OWNERS

AUCTIONEERS AND REAL ESTATE BROKERS:

DARRELL VANDE VEGTE~DOON, IA~712-726-3428

MARK ZOMER~ROCK VALLEY, IA~712-470-2526

SALES~GARY VAN DEN BERG~ROCK VALLEY, IA~712-470-2068

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