October 7, 2008 - 154.12 Acres of Lyon County, IA Farmland -

PUBLIC AUCTION

OF 154.12 ACRES OF LYON COUNTY, IOWA FARMLAND

LOCATED ON THE SOUTHEAST CORNER OF DOON, IA

TUESDAY OCTOBER 7, 2008 —@10:30 A.M.

**SALE HELD AT LOCATION OF LAND**

GENERAL DESCRIPTION:

 154.12 acres of Lyon County, Iowa Farmland. Lyon County FSA estimates 124.4 acres of cropland with balance in pasture. Land has a corn base of 75.9 acres with a direct and cc yield of 90 bushels. Soybean base of 40.1 acres with a direct yield and cc yield of 35 bushels. 86.7 acres of the farmland are classified as HEL. Conservation is in place with a crop rotation of corn and soybeans, conservation crop rotation, conservation tillage, contour farming and field border. Average estimated CSR is 50. Presently the farm has a lease and easement agreement with the City of Doon, IA. Agreement is used for city well and the city has right to abandon at any time. City pays $1,200.00 per year for the lease to the land owner

LEGAL DESCRIPTION:

Niemeyer’s Tract 1 in the S ½ of the SW ¼ and S ½, N ½ , SE ¼ and the S ½  SE ¼ all in Section 25, Doon Township 98N, Range 46 West of the 5^th P.M. Lyon County, Iowa. Subject to public roads and easements of record. Building site is not a part of sale.

REAL ESTATE TAXES:

Sellers will pay the 2008 real estate taxes that are due and payable in the Spring 2009 installment and the Fall 2009 installment. Present real estate taxes are $1,656.00 per year.

POSSESSION: March 1, 2009

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 December 18, 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 maps, soil maps and auction booklets are available upon request. The land sold subject to the confirmation of the sellers. 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. Klein and Klein is attorney for the sellers

WILLIAM NIEMEYER ESTATE—OWNERS

AUCTIONEERS AND REAL ESTATE BROKERS

Darrell Vande Vegte-Doon, IA -712-726-3428

Mark Zomer-Rock Valley, IA -712-470-2526

SALES—Gary Vanden Berg—712-470-2068