September 30, 2008 - 80 Acres of Lyon County, IA Farmland -

LAND AUCTION

OF 80 ACRES LYON COUNTY FARM LAND

Located from “Michaels Station” of Inwood, IA go 2 miles East and ½ mile North on the West side of the Road or Junction of Coolidge Avenue and 230^th St.

TUESDAY SEPTEMBER 30, 2008

SALE TIME: 10:30 A.M.

SALE HELD AT LOCATION OF LAND

GENERAL DESCRIPTION:

80 acres Lyon County Farmland. Lyon County FSA estimated 75.6 acres of cropland with a 35.7 corn base, direct yield of 104 bushels, CC yield of 156 bushels. A Soybean base of 35.7 acres, direct yield of 38 bushels, CC yield of 46 bushels. Farmland is classified as non-HEL except for the South 24.88 acres of which has a conservation plan of push up terraces and contour and crop rotation plan. Average estimated CSR is 62.79. Soils consists of Moody Silty Clay Loam associated with Ackmore Silty Clay Loam, Colo Silty Clay Loam and Steinauer Clay Loam.

LEGAL DESCRIPTION:

East ½ of the NE ¼ of Section 16, Richland Township, Township 98 North, Range 47 West of the 5^th P.M. Lyon County, IA. Subject to Public Roads and Easements of Record.

REAL ESTATE TAXES:

Estate 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 $1,130.00 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 January 6, 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 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. Hess Roorda is the attorney for the sellers.

www.vanzomrealtyauction.com for pics

FLORENCE PATTON ESTATE

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