September 29, 2007 - 100.75 Acres of Sioux County, IA Farmland & Acreage - Sold for Tract 1-$6,200.00 - Tract 2-$6,000.00

UUPCOMING PUBLIC RETIREMENT AUCTION

OF 4.37 ACREACREAGE SITE—

100.75 ACRES OF PRIME SIOUX COUNTY FARMLAND AND

FARM MACHINERY AND HOUSEHOLD GOODS  ETC.

ACREAGE AND FARMLAND SOLD IN 3 SEPARATE TRACTS AS FOLLOWS:

4.37 ACRE ACREAGE SITE, A 28.04 TRACT OF FARMLAND,

 AND ALSO A 72.71 ACRE TRACT OF FARMLAND.

ALSO AT AUCTION WILL BE:  TRACTORS, FARM MACHINERY, TOOLS, ANTIQUES AND COLLECTABLES, HOUSEHOLD GOODS AND MISC

SATURDAY SEPTEMBER 29, 2007

SALE TIME: 10:00 A.M.

LOCATION: 3362 DOVE AVE. ROCK VALLEY, IA OR FROM PUMP N PAK IN ROCK VALLEY, IA GO 2 MILES WEST ON HWY 18 TO BLACKTOP K-24/ THEN  GO 1 MILE SOUTH TO DOVE AVE. THEN GO 1 ¾ MILES SOUTH ON DOVE AVE.

All Real Estate will be sold at 10:00 A.M. Sharp!! All Farm equipment and personal property will immediately follow –WATCH FOR FULL LISTING OF PERSONAL PROP.

AUCTIONEERS NOTE: As Corney and Grace are retiring from farming, they will be offering at Public Auction a 4.37 acre acreage site, a 28.04 tract of land and also an adjoining 72.71 acre tract of land which is owned by the Donald and Reynolla W. De Graaff Trust. Also included on this auction will be their tractors, farm machinery, tools, antiques and collectables and household

TRACT 1: Legal Description: Tract 1 will be a 4.37 acre acreage site located in Section 6, Plato Township, Twp 96 N, Range 46 West, Sioux County, IA subject to survey and public roads and easements of record.

GENERAL DESCRIPTION: This 4.37 acreage site has much to offer including a 2 story home with approx. 1300 sq ft on the main floor. The home has 2 bedrooms on the main floor, 4 bedrooms upstairs,  2 full baths on the main floor, large living room and separate den and a double 24 x 24 attached garage. The home has a ¾ unfinished basement. Most of the home has newer windows. The home is on Rock Valley Rural Water and is located in the Rock Valley School district. The home has a propane forced air furnace and central air approx. 10 yrs old. The shingles were new in 2000. The outbuildings include a double unattached garage and some smaller outbuildings. This acreage site is located close to Rock Valley, IA and has much potential for the hobby farmer, the horse lover or livestock person with the possibilities of a pasture and the option to purchase additional land.

OPEN HOUSE ON ACREAGE SITE: Saturday September 15,2007 from 11:00 A.M. to 1:30 P.M. or by appointment by contacting an agent listed below

TRACT 2: Legal Description: Tract 2 will be 28.04 acres located in the NW ¼ of the SW ¼ in Section 6, Plato Twp, Twp 96 N, Range 46W, Sioux County, IA subject to survey and public roads and easements of record.

GENERAL DESCRIPTION: This 28.04 tract of farmland includes approx. 27 tillable acres of farmland. This tract has one waterway. This outstanding piece of ground has a CSR rating of 69. This land is classified as non-hel. The predominant soil types include Galva silty clay loam, Primgar silty clay loam and Calco silty caly loam. This parcel has a combined base acreage and direct yields and cc yields with Tract 3 listed below. This parcel of land is an excellent piece of farmland and would make a great investment to purchase additional to the acreage site or separately as an investment or addition to your current operation. (Note) Buyer of Tract 2 will be responsible to install field driveway if necessary.

TAXES: Taxes combined on Tracts 1 and 2 are $920.00 per year according to the Sioux County Treasurer. Sellers will pay the 2007 taxes due and payable in the Spring and Fall of 2008.

NOTE: THE FOLLOWING TRACT IS OWNED BY THE DONALD AND REYNOLLA W. DE GRAAFF TRUST-(CORNEY TEUNISSEN’S SISTER)

TRACT 3: Legal Description: Tract 3 will be 72.71 acres of farmland located in the S ½ of the SW ¼ Section 6, Plato Township, Township 96 N, Range 46 W, Sioux County, IA subject to survey and public roads and easements of record.

GENERAL DESCRIPTION: This 72.71 acres of farmland contains approx. 69.63 tillable acres. The predominant soil types Galva silty clay loam, Ida silty clay loam and Calco silty clay loam. The average CSR is 54. This land is classified as hel and has some push up terraces and has a conservation plan in effect. The topography of the farm is gently rolling. The farm has a combined corn base with Tract 2 of 69.1 acres with a direct yield of 101, a cc yield of 101, a soybean base of 23.7 acres, a direct yield of 36 and a cc yield of 36. The farm appears to be in a good state of productivity and would make an excellent addition to anyone’s current farm operation or as an investment opportunity.

TAXES: The Taxes on Tract 3 are $1076.00 per year according to the Sioux County Treasurer. Sellers will pay the 2007 taxes due and payable in the Spring and Fall of 2008.

METHOD OF SALE:  First offered will be Tract 1 the 4.37 acre acreage site which will remain sold. Then Tract 2 the 28.04 acre parcel of Farmland which will remain sold. Then Tract 3 the 72.71 acre parcel of farmland which will remain sold.

TERMS: Terms on Tract 1 will be 10% down on day of auction with the balance due on or before November 15, 2007.

 TERMS: Terms on Tract 2 will be 10% down on day of auction with the balance due and payable as follows 40% on December 28, 2007 and the remaining 50% due on January 4, 2008.

TERMS: Terms on Tract 3 will be 10% down on day of auction with the remaining balance due and payable on January 15, 2008—-On all 3 parcels 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 on tract purchased to be paid as stated in the terms above. When paid in full buyer shall receive a clear and merchantable title to the property. The farmland and acreage are being sold as is with no finance contingencies. While every effort has been made to ensure the accuracy of the information provided herein all prospective buyers are encouraged to inspect the property and verify all data provided. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and surveys  are available upon request. If any additional information is requested please contact one of the agents listed below. Sold subject to the confirmation of the sellers. Vande Vegte and Zomer Realty and Auction Inc. are agents for the sellers. Don Klein attorney for the sellers.

POSSESSION: Possession of Tract 1 will be on or before November 15, 2007. Possession of Tract 2 and 3 will be March 1, 2008 due to current farm leases..