2292 M ave, Toledo, IA 52342 - Tama County

Land Auction

December 8, 2011 - 10:05 am

160 +/- Acres

Mamie Kucera Estate Land Auction

Sale held at North Tama Activity Center Traer, Iowa

Farm Located: 2292 M Ave Toledo, IA

From Traer, IA go S on Highway 63 to E29 junction, and then 2 1/2 miles E, and North on M ave

From Toledo Ia go N on Highway 63 to E29 junction, and then 2 1/2 miles E, and North on M ave

Legal Description: Southeast Quarter of Section 1, Township 84 North, Range 15 West of 5th P.M., Tama County, Iowa, (Refer to abstract for actual legal description)

FSA Information : Tract 1371

Total Acres: 160

Cropland: 143.3 acres

Corn Base: 85.1 acres Corn Direct Yield: 124

Soybean Base: 35.8 Soybean Direct Yield: 43

Average CSR: According to Tama County Assessor the subject has a 81 CSR

Real Estate Taxes: Taxes to be prorated to day of closing. Taxes are $4212

Possession: At Closing on February 1, 2012, subject to 2011 Cash Rent Lease.

Full possession will be granted March 1, 2012

Method of Sale: This property will be offered at PUBLIC AUCTION as on parcel containing 160 acres +/- and will include the residential acreage. The bids will be per acre and multiplied by 160 to determine the total sales price. Of course, we hope you can attend this auction. If you can not be present at this auction, you may bid online, by phone, or by a confidential proxy bid. Please contact agents to make arrangements prior to auction day.

Terms: High bidder of real estate to pay 10% of the purchase price to Appraisal & Real Estate Services Trust Account on Dec. 8, 2011. Successful bidder will sign a Real Estate Agreement providing full cash settlement on or before February 1, 2012. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase. Final settlement and payment of the balance of purchase price to be by cashiers check or wire transfer at closing on February 1, 2012. Sellers have every intension of selling this property, but reserves the right to reject any and all bids.

Announcements:

Property information provided herein was obtained from sources deemed reliable, but the Auctioneer makes no guarantees as to its accuracy. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their conclusions. The property is being sold As Is Where Is and the buyers are purchasing subject to any easements or restrictions of record. Any announcements made auction day by the auctioneer will take precedence over any previous printed material or oral statements. Bidding increments are solely at the discretion of the Auctioneer. All acreage figures are based on information currently available , but they are not guaranteed. It shall be Buyers obligation at Buyers expense to enter into a binding acknowledgement with the Tama County Board of Health PRIOR TO CLOSING AND SETTLEMENT to install a new private sewage disposal system on the property within an agreed upon time period OR to demolish the dwelling without it be occupied within an agreed upon time period. Prior to final settlement and closing, the Buyer shall provide the Sellers attorney a copy of the binding acknowledgement for attachment to the Groundwater Hazard Statement.

Agency: Appraisal & Real Estate Services and their representative are agents of the seller.

Seller: Mamie Kucera Estate, etal

Agents Comments: This is a very high quality Tama County Farm with good soils, conservation practices, and is located in very strong area.