October 23, 2007 - 156 Acres of Sioux County, IA Farmland - Sold for $7,150.00

LAND AUCTION

OF 156 ACRES OF SIOUX COUNTY, IOWA LAND

LOCATED FROM PUMP N PAK OF ROCK VALLEY, IA 5 MILES SOUTH TO BLACKTOP B30 THEN 3 MILES WEST OR 2 MILES NORTH OF LEBANON, IA.

TUESDAY, OCTOBER 23, 2007

SALE TIME-10:30 A.M.

SALE HELD AT LAND LOCATION

GENERAL DESCRIPTION:

Estimates from Sioux County F.S.A. shows 150 acres

of cropland with 75.6 acres corn base with direct yield

of 101 bushels, CC yield of 152 bushels. Soybeans acres

of 74.4 with direct yield 34 bushels and CC yield of 41

bushels. Land is classified as HEL with conservation

plan of 11,300 feet of terraces, conservation tillage, contour farming, crop rotation, grass waterway & field border.  Soil types are Galva Silty Clay Loam associated with Primghar Silty Clay Loam, Terril Loam, Radford-Judson Complex, Ely Silty Clay Loam, Sac Silty Clay Loam and Steinauer Clay Loam.  Average CSR is 55.

LEGAL DESCRIPTION:

SE ¼ (except parcel “A” 4 acres of acreage) in Section 14, Garfield Township 96 North, Range 47 West of the 5^th P.M.  Subject to public roads and easements of record.

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 $2,210.00 for a full year.

POSSESSION: March 1, 2008.

METHOD OF SALE:  This tract will be sold as a 156 acre tract.

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 of January 8, 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. Sold subject to 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.  McGill & McGill is the attorney for the sellers.

PAMELA PORTER, OWNER

DENVER, COLORADO

AUCTIONEERS & REAL ESTATE BROKERS:

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

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

SALES~GARY VAN DEN BERG~712-470-2068

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