November 9, 2011 - 153.68 Acres of Lyon County, IA Farmland & Acreage - Sold for $12,400.00

Prime Lyon County Iowa Farmland and Acreage at auction

***Offered in 2 separate tracts***

Tract 1–153.68 /-Acres of Larchwood Twp. Prime Farmland

Tract 2– 4.91 acre acreage site which includes a

2 story home and various outbuildings

Wednesday November 9, 2011–SALE TIME: 10:30 A.M.

LOCATION: 1410 IA HWY 9 Larchwood, IA. or from Larchwood, IA. go —1/4 mile South of Larchwood, IA. on Hwy 9 or from Hwy 9/182 corner go ½ mile North-land on east side of road

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

AUCTIONEERS NOTE: We are honored to conduct this auction for the Kramer family. This is a choice farm and acreage site located in Lyon County, IA. This farm has been in the Kramers family for many years and is truly a once in a lifetime opportunity. If you are looking for a PRIME piece of farmland or a wonderful acreage in a great location-along a hard surface road-close to Larchwood, IA and Sioux Falls SD—Call today! — Make plans today to attend!!

Tract 1 –or 153.68 acres of Farmland

Legal Description: The NW ¼ of Section 32, Larchwood Twp, Twp 100N, Range 47W, Lyon County, IA. except Parcel C and Parcel A.

General Description: Selling will be 153.68 gross acres of Farmland according to the Lyon County assessor. According to the Lyon County FSA, this farm contains 142.90 tillable acres with the balance in road, ditch and small waterway. Note: approx. 2 more acres could be tilled. This farm has high producing soils with an average CSR rating of 63.4. This farm is classified as non-HEL. The predominant soil types are: 410B, 410C2T410B-Moody Silty clay loam, 910, 910B-Trent Silty clay loam, 92-Marcus, 430-Ackmore silty clay loam and 31Afton silty clay loam. This farm has a corn base of 71.3 acres with a direct yield of 104 and cc yield of 147bu. This farm has a soybean base of 71.3 acres with a direct yield of 41 and cc yield of 50 bu. This farm is currently enrolled in the acre program. Don’t miss the opportunity to invest in this prime farmland or to add to your current operation.

Open house: Open house will be held on the Property on Saturday Oct. 22 from 10:00 AM to 12:00 PM and on Wednesday Oct. 26 from 5:00 to 6:30 PM or by appointment by contacting one of the auctioneers/representatives listed below.

Method of Sale: Offered 1^st will be the 153.68 acres of farmland and will remain sold. Then offered will be the 4.91 acre acreage site and both will remain sold. Tracts will not be combined.

RE taxes: According to the Lyon County Treasurer, the current RE taxes are $2902.00 per year. Seller will pay the 2011 taxes due and payable in the Spring and Fall of 2012.

Possession of farmland: Possession will be when current crops are harvested. Seller will have right to remove some cornstalks.

Tract 2—4.91 acre acreage site:

Acreage site: –Legal Description: Parcel C in the NW 1/4, Section 32, 100N, Range 47W, Lyon County, IA. except Parcel A.

General Description of Acreage site: This acreage site consists of 4.91 acres and includes a grand 2 story home which consists of 1266 sq ft on the main floor with many updates. The home has a 14 x 22 single attached garage. The home includes a kitchen/dining area, large living room, 2 bedrooms on the main floor and 1 large room upstairs. The home has a Heil late model propane furnace and central a/c. The outbuildings include a 24 x 26 extra garage, 28 x 48 hog house, barn, 20 x 40 storage shed, 20 x 32 shed and a 27 x 36 granary. There are also some cattle yards. This acreage is a well maintained acreage and is located along a hard surface road only 1/4 mile from Larchwood, IA. and also close to Sioux Falls SD. Sellers will have septic system inspected at sellers expense and update septic system if needed for septic inspection.

RE Taxes: The current Real Estate taxes on the acreage site according to the Lyon County Treasurer are $604.00 per year. Seller will pay 2011 taxes payable in spring and fall installments of 2012

Possession on acreage: Possession of the acreage will be given on closing day December 21, 2011.

Terms for Tract 1 and 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 21, 2011 when the buyer shall receive a clear and merchantable title to the property. This farm and acreage site are 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/acreage is sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. As auctioneers are representing the sellers in this transaction, no warranties are expressed or implied on the home/buildings. The home/buildings are being offered as is. Although this information is deemed reliable, all buyers are encouraged to make their own inspection of the home prior to the auction. No warranties are expressed or implied. Any announcements made day of auction will supersede any advertisements.

www.vanzomrealtyauction.com

Paul Kippley-Attorney for sellers

Paul F. and Bertha T. Kramer Trust —owners

Auctioneers and RE Brokers:

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Gary Van Den Berg-712-476-5843

Rick Childress-605-261-3208

Joel Westra-605-310-6941