October 5, 2012 - 57.83 Acres of Lyon County, IA Farmland & Acreage

Upcoming Public Auction

57.83 acres of Lyon County, IA., Richland Twp Farmland

& 5.71 acre Abandoned Scenic Acreage site located on a hard surface road

To be sold in 3 tracts

Friday Oct. 5, 2012– 10:30 A.M. Sharp!

Farmland Sold at Site of Tract 1-Acreage Site

Sold At Acreage Site.

Location: Tracts 1 & 2 of Farmland are located from Little Chubs in Inwood, IA. go 2 miles east on 240^th St./ Blktop A42 to Coolidge Ave. then go south approx. ¼ mile to beginning of land. Land is located on east side of road. Acreage site is located from Little Chubs in Inwood, IA. go 6 ½ miles east on Blktop A-42/240^th St. Acreage site is located on North side of Blktop A-42. or from Pump n Pak in Rock Valley, IA. go 7 miles north on Blktop K-30/Elmwood Ave. to Blktop A42/240^th St. then go approx. ½ mile west.

Auctioneers note: We are honored to conduct this auction of this prime farmland and spectacular acreage/building site located on a hard surface road. This Family Century Farmland and Acreage Site truly presents an opportunity that has never been offered before. If you are looking for prime farmland or an excellent acreage site location-Plan to attend this auction! Note –farmland will be sold from site of farmland at 10:30 A.M. and then the acreage site will be sold immediately following at the site of the acreage at approx. 12:00 P.M./Noon.

Legal description of Tract 1: Parcel A in the SW ¼ of the NW ¼ of Section 22-98N-47W of the 5^th P.M., Book 16 page 99 Lyon County, IA. subject to public easements of record.

General Description of Tract 1: This highly- productive high- quality 29-+/–acre tract of farmland has according to the Lyon County FSA approx. 27.38 tillable acres with the balance in water way, road and ditch . This farm is an inside tract with road on one side. This farm has some tile. This farm has a corn base of 13.5 acres with a direct yield of 123 and a cc yield of 141bu. This farm has a soybean base of 14.5 acres with a direct yield of 38 and a cc yield of 46bu. The predominant soil types include: 410B2, 410C2, 410B-Moody silty clay loam, 133-Colo and 910B-Trent. A portion of this farm is classified as -hel. The farm is not enrolled in the acre program. This farm has an average corn suitability rating of approx. 63. Farm is well managed and provides an excellent opportunity to anyone. Seller Reserves 50% of mineral rights call for info.

Legal Description of Tract 2: The S 10.7 acres of the SW ¼ of the NW ¼ of Section 22, Twp 98N, Range 47W of the 5^th P.M. and the N 18.12 acres of the W ½ of the SW ¼ of Section 22, Twp 98N, Range 47W of the 5^th P.M. Except Lot 1—all in Section 22 in Lyon County Iowa.

General Description of Tract 2: This highly productive high quality 28.83 +/–acre tract of farmland has according to the Lyon County FSA approx. 28.6 tillable acres with the balance in road and ditch. This farm has some tile. This farm is an inside tract with road on one side. This farm has a corn base of 14.2 acres with a direct yield of 123 bu and a cc yield of 141 bu. This farm has a soybean base of 14.2 acres with a direct yield of 38 bu and a cc yield of 46 bu. The predominant soil types include: 410B2, 410C2, 410B-Moody silty clay loam, 133-Colo and 910B-Trent. A portion of this farm is classified as –non-hel. The farm is not enrolled in the acre program. This farm has an average corn suitability rating of approx. 64.3. Farm is well managed and provides an excellent opportunity to anyone. Farm will be sold based on surveyed acres. Seller Reserves 50% of mineral rights -call for info.

Legal Description of Tract 3: Parcel C in the SE ¼ of Section 17-98N 46W of the 5^th P.M. book 16 page 98 Lyon County, IA. –subject to public roads and easements of record.

General Description of Tract 3 This outstanding abandoned acreage site is in a prime location. This acreage site is located on a hard surface road and features 5.71 surveyed acres. This acreage site has excellent views located on a hill centrally located between Inwood and Rock Valley, IA. This property has Rural water on the property. The property has various older outbuildings and former homesite. This property has an excellent thick grove on the west side of the property. This property has a long driveway leading to the acreage site. This property is a Family Century Farm. Opportunities of this nature in this location are a very rare find.

Taxes on Tracts According to the Lyon County Treasurer, the current net Real Estate taxes are approximately $612.00 per year on Tract 1. Taxes are $614.00 per year on Tract 2. Taxes will to be determined after survey on Tract 3. Seller will pay the real estate taxes thru fiscal year ending June 30, 2012 and taxes payable in September 2013 for taxes thru Dec. 31, 2012.

Inspection of acreage site: Call auctioneers/agents listed below for an appointment.

Method of sale: Tract 1 -29 acre tract of farmland will be offered and remain sold. Then Tract 2 will then be sold. Tracts will not be combined. The acreage site will be sold immediately following farmland at approx. 12:00 P.M/Noon at acreage site.

Possession: Possession of the farmland will be March 1, 2013 due to current lease. Possession of acreage will be closing day November 20, 2012.

Terms of tracts 1, 2 & 3: 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 November 20, 2012 when the buyer shall receive a clear and merchantable title to the property. The farms/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 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 and court approval. If any additional information is requested, please contact the agents listed below.

Auctioneers and Real Estate agents are representing the sellers. Mike Austin– sellers attorney for Roxanne Loget and Evelyn Ann Ahders Loger Estate and Maureen McGill Hoogeveen –attorney for Virgil Ahders.

Sold by Roxanne Loget

and the Estate of Evelyn Ann Ahders Loger and Virgil Ahders

Auctioneers:

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Gary Van Den Berg—sales-712-470-2068

Joel Westra-605-310-6941

Joel Westra -605-957-5222

Pete Atkins 605-351-9847