October 10, 2009 - 104 Acres of Lyon County, IA Farmland -

104+/–ACRES OF LYON COUNTY IA. HIGHLY PRODUCTIVE CLEVELAND TWP. FARMLAND

SATURDAY OCTOBER 10, 2009– SALE TIME: 10:30 A.M.

LOCATION: From Premier Bank in Rock Rapids, IA. go 1 mile South on Hwy 75 to 160^th St. Then go 2 ½ miles West on 160^TH St. to site of land.

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

Auctioneers note: We are honored to have been asked and appreciate the opportunity to offer at public auction this 104 +/–acre tract of farmland for the Lois Collenbaugh Estate. This attractive tract of farmland would make an excellent addition to anyone’s current farming operation or would make a great investment! Don’t miss this opportunity!

LEGAL DESCRIPTION: Lot 2 in Section 1, Township 99 North, Range 46 West of the 5^th P.M. Lyon County, Iowa, lying South of the former railroad right of way, except that portion deeded and recorded in Book 145 at Page 51, and subject to public roads and easements of record.

GENERAL DESCRIPTION: This highly productive 104 +/-acre tract of farmland would make an excellent opportunity. According to the Lyon County FSA, has 87.4 tillable acres with the balance in pasture and road and has a corn base of 44.1 acres with a direct yield of 102 bu and a cc yield of 138 bu. Also, this tract of land has a soybean base of 42.9 acres with a direct yield of 33 bu and cc yield of 39 bu. The predominant soil types include: 411B, 411C2-Egan silty clay loam with 2-9% slopes and 410B-Moody silty clay loam with 2-5% slopes. This farm is classified as non-hel. This farm has an average corn suitability rating of approximately 60. This farm is well maintained and managed and provides an excellent opportunity to anyone.

TAXES: According to the Lyon County Treasurer, the current net Real Estate taxes are approximately $1738.00 per year. Seller will pay all 2009 taxes payable in 2010.

METHOD OF SALE: This tract of farmland will be offered as one 104 +/– acre tract.

POSSESSION: Possession of the farmland will be March 1, 2010, due to 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 enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 9, 2009 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 maps, soil maps and auction booklets are available upon request. The land is being sold subject to the confirmation of the sellers. If any additional information is requested, please contact the agents listed below. Auctioneers and Real Estate agents are representing the sellers.

            LOIS COLLENBAUGH ESTATE AND HEIRS—OWNERS

DON KLEIN—SELLERS ATTORNEY

AUCTIONEERS AND RE BROKERS

MARK ZOMER—712-470-2526

DARRELL VANDE VEGTE-712-726-3428

GARY VANDEN BERG-SALES-712-476-5843