931 Business 52, Harvey, ND 58341 - Wells County

LAND AUCTION

320 +/- Acres - Wells County, ND

Wednesday, June 29, 2011 11:00 a.m.

Auction Location: Harvey Eagles Club Harvey, ND.

Auction Note: This property features 320 +/- acres, consisting of very good tillable land, fenced pasture, and CRP that expires in 2012. Easy access.

Property Information:

Acres: 320 +/-

Legal: Section 13, Township 149 North of Range 72 West, Wells County, ND: Northeast Quarter (NE4), except 20.81 acres in North Half of Northeast Quarter (N2NE4) and except 4.08 acres;

All that part of the Northwest Quarter (NW4) lying North of the Hwy #52 Right of Way, except Soo Railroad Right of Way and 18.89 acres in North Half of Northwest Quarter (N2NW4); said tract to be determined by survey; AND

All that part of the Southeast Quarter (SE4) lying North of the Hwy #52 Right of Way, except Soo Railroad Right of Way and 3.82 acres; said tract to be determined by survey

Acreage Breakdown:

Tillable: 41.27 acres (productivity index - 75.2)

Pasture: 81.47 acres (fenced with 4 barbed wire/electric on inside; dug-out)

CRP: 196.46 acres (expires 2012), Rental rate - $31.00/acre; annual payment-$6,090.26

Taxes: approximate $4.37/acre (property to be surveyed)

Berdette & Ardella Reiswig, Owners