Clutier, IA 52217 - Tama County

Kupka Farm Auction

Sale held at:

North Tama Activity Center, 212 N. Main St. Traer, IA 50675

Located on the north edge of Traer along Hwy 63

Farm Located: One mile east of Clutier on Hwy E36 and then 1/4 mile south on U Ave.

Legal Description: The Southeast Quarter of the Northeast Quarter of Section 20,

Township 84 North, Range 13 West of 5th P.M., Tama Co., IA

FSA Information: Farm Tract 3058

Cropland 37.8 acres

Corn Base 37.8.0 acres Corn Direct Yield 127

Average CSR: According to Tama Co. Assessor the subject has a 78.8 CSR

According to Surety the subject has a 79.9 CSR

Real Estate Taxes: Taxes to be prorated to day of closing . Taxes are $908/yr.

Possession: At closing on March 1, 2012, subject to the 2012 Cash Rent Lease.

Lease payments to be paid to buyer. March 1, 2012 $3,700 & December 1, 2012 $3,700.

Method of Sale: This property will be offered at public auction as one parcel containing 40 acres +/-.

The bids will be dollars per acre and will be multiplied by 40 acres to determine

the total sales price.

Terms: High bidder of real estate to pay 10% of the purchase price to Appraisal & Real Estate Services trust account on September 22, 2011. Buyer will sign a Real Estate Sales Agreement providing for a full cash settlement on or before December 1, 2011. Successful bidders are purchasing with no financing contingencies and must be prepared for a cash settle ment of their purchase. Final settlement and payment of the balance of the purchase price to be by cashiers check or wire transfer at closing on December 1, 2011. Seller re serves 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 own conclusions.

The property is being sold As IsWhere 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.

Agency: Appraisal & Real Estate Services and their representatives are Agents of the Seller.

Seller: Thomas & Leslie Kupka

Brokers Comments: This is a high quality Tama County farm with good soils located in a strong area.

The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by ARES or its staff.

Please see attached files for more information or contact us for complete brochure