Lisbon, NDRansom County

LAND BID AUCTION

Pasture & Farmland Land

188 Acres - Ransom County, North Dakota

Written Bids are due Tuesday, May 5, 2009 - 5:00 pm

Oral Bidding: Wednesday, May 13, 2009 - 10:00 am

Auction Location: Lisbon, ND - Law Office of Jones & Kelly-316 Main St.

Property Note: This property is located in the heart of the Sheyenne River Valley approx. 9 miles NW of Lisbon, ND or approx. 5 mi. SE of Ft. Ransom. Land is made up of 152 acres of pasture and 36 acres of alfalfa. Carrying capacity on this pasture has been 40-50 cow/calf pairs.

Property Information:

Parcel One:

Acres: 15.39 acres (+/-)

Legal: 15.39 acres of farmland located in Sec. 11-135-57

(Springer Twp-Ransom Co.).

Description: This parcel is adjacent to both Valley Road and the Sheyenne River and is made of mostly of cropland presently in alfalfa with a corner wooded area next to river. This parcel would make a tremendous location for development of farmstead with scenic view of the Sheyenne River.

Real Estate Taxes: $86.03

Parcel Two:

Acres: 173.7 +/-

Legal: 80 acres located in S ½ NE ¼ 12-135-57; 50 acres in S ½ 12-135-57 lying north of River Road and 54.61 acres in SW ¼ 7-135-56 lying north of Twp. Rd. Property located in Springer & Tuller Townships.

Description: This parcel made up one pasture unit which sits high on north side of Sheyenne River with beautiful overview of the Sheyenne River Valley. Good access from River Road.

Real Estate Taxes: $774.40

Property is subject to sale prior to the auction date.

Roger Louden,Owner

This sale is managed by Pifer's Auction Company, Kevin Pifer, ND #715. All statements made the day of the auction take precedence over all printed materials. The seller reserves the right to reject or accept any and all bids.