Barnesville, MN 56514 - Otter Tail County

LAND AUCTION

148 Acres – Ottertail County, MN

Wednesday, December 8, 2010 - 5:00 pm

Auction Location: Galaxie Supper Club - Barnesville, MN (Hwy 34 east)

Auction Note: This property located 4.5 miles SW of Pelican Rapids, MN. This diverse property consists of good farmland, waterfowl hunting and a farmstead that was previously a dairy operation. This property includes 100+/- acres of cropland with an average soil productivity index of 80, and 15+/- additional acres in a tree farm.

This property is subject to sale prior to Auction date. However, signed Purchase Agreement must be signed and accepted by seller prior to November 30, 2010.

PARCEL ONE

Acres: 141 +/-

Legal: NE ¼ 6-135-43

Taxes (2010): $1,855.50, (less Farmstead taxes)

PARCEL TWO

Acres: 7.28 +/-

Legal: NE ¼ 6-135-43

Taxes (2010): TBA

Farmstead: Residence & out buildings

Description: The out buildings are functional and described as follows: 1) one story barn w/loft ( 34’x60’) w/12’x34 pole lean; 2) a 30’x60’x12’ open front cattle pole shed; 3) 40’x80’ wood frame Quonset w/dirt floors; 4) Detached garage (30x42x12) near home w/ 3 overhead doors, cement floor, electricity; 5) Shed/Business Office (10x20’) w/cement foundation, wood floor, vinyl exterior, steel rood and interior finished-drywall-fluorescent lighting & electric heat.

The home is a 3 story dwelling built in the 1920’s with several large additions added through the 1990’s. The total dimensions of home are 36’x78 with partial basement of 1,524 sq. ft. unfinished. Main floor and second floor are finished off with third floor under construction with partial completion. Second floor has 8 bedrooms w/ 5 baths. Main floor has large rock fireplace in family room. Also ground level has 16’x23’ lined and insulated tuck garage.

Secured Lender, OWNER