Violet Ave, Crawfordsville, IA 52621 - Washington County

UNRESERVED ESTATE LAND AUCTION

CRAWFORDSVILLE, IOWA

Located mile west of Crawfordsville on 305th Street then 1 mile south on Violet Avenue

THURSDAY, SEPTEMBER 22, 2011 AT 10:02 AM

THIS LAND SELLS POSITIVELY TO THE HIGHEST BIDDER!!

Preview on Thursday, September 8th from 10-11 am

155.31 ACRES, M/L SELLS IN ONE TRACT!

FSA information: 136.5 tillable acres of which 5.8 acres are in CRP at $156.15 per acre, expires 9-30-19 and 2.6 acres are in CRP at $111.35 per acre, expires 9-30-19.

118 bushel corn yield with a 95.9 acre corn base

34 bushel bean yield with a 25.1 acre bean base

Corn suitability rating is 57.6

Located in Sections 21 & 28, Crawford Township, Washington County, Iowa.

TERMS: 20% down payment on September 22, 2011. Balance to be on or before October 21, 2011 upon delivery of merchantable abstract and deed.

POSSESSION: October 21, 2011 (Subject to tenant's rights)

REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

The following taxes are approximate.

Gross: $2,510.41

Ag Credit: $133.05

Net: $2,376.00 (rounded)

Reservations: Crops are reserved for the tenant

SPECIAL PROVISIONS:

~ The tenant has been served termination. The buyer may make own arrangements for fall tillage privileges with the Tenant, as appropriate.

~ The buyer shall be responsible for fencing in accordance with Iowa state law.

~ It shall be the obligation of the buyer to report to the Washington County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Future government programs. C. Prorate of CRP

CRP is as follows:

5.8 acres are in CRP at $156.15 per acre = $906.00, expires 9-30-19

2.6 acres are in CRP at $111.35 per acre= $290.00, expires 9-30-19

~ Buyer agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer further agrees to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer elects to take the ground out of CRP, the buyer will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.

~ If in the future a site clean up is required it shall be at the expense of the buyer.

~ The seller shall not be obligated to furnish a survey.

~ This real estate is selling subject to any and all covenants, restrictions and easements of record, as well as all applicable zoning laws.

~ The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

Owner: Verdella Krabill Estate

Don Krabill & David Krabill, Co-Executors

Douglas L. Tindal - Attorney