Sykeston, NDWells County

LAND AUCTION

433 +/- Acres - 2 Parcels - Wells County, ND

Tuesday, December 8, 2009 - 11:30 a.m.

Auction Location: Fire Hall - Sykeston, ND.

Auction Note: This property features 443 acres in a highly productive region of North Dakota southwest of Sykeston, ND. The features 333.8 acres with 292.6 base acres of quality cropland with the balance of 109.3 acres in pasture, trees, and habitat.

PARCEL 1

Acres: 283.02

Legal: W ½ Sec 33 less +/- 37 acres on east side of NE ¼ T146N R69W

Tillable: 271.2+/- acres

Taxes (2008): $1,447.81 (approximately)

Description: Highly productive crop land with good access and natural drainage.

Note: Fiber optic cable on north side of Sec 33

PARCEL 2

Acres: 160+/-

Legal: S ½ SW ¼ & NW ¼ SW ¼ & SW ¼ NW ¼ all of Sec 28 T 146N R69W

Tillable: 62.5+/- acres

Taxes (2008): $ 557.39 (approximately)

Description: L shaped quarter with cropland, a very nice tree belt, and pastureland with a very good water pond and wet land, all of which drains naturally towards the Pipestem Creek to the east.

Note: The Red River Valley Water Supply Pipeline is proposed to cross Sec 28 near the south side.

Note: Cropland is leased for 2010; $6,175 paid April 1 and $6,175 paid Oct 1.

Pasture is available for 2010; it has been leased for $1,300 per year.

Paul Richter, Owner