120th Street & Dakota Avenue , Wayland, IA 52654(Henry County)

Both Tracts are located in Section 15, Jefferson Township, Henry County, Iowa.

TERMS: 20% down payment on September 20, 2011. Balance to be paid on or before October 20, 2011 upon delivery of merchantable abstract and deed.

POSSESSION: October 20, 2011

REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

The following taxes are approximate.

Tract #1

Gross: $553.69

Ag Credit: $26.41

Net: $528.00 (rounded)

Tract #2

Gross: $696.04

Ag Credit: $32.27

Net: $664.00 (rounded)

SPECIAL PROVISIONS:

~ It shall be the obligation of the buyer(s) to report to the Henry County FSA office and show filed deed(s) in order to receive the following if applicable: A. Allotted base acres. B. Future government programs. C. Prorate of CRP

~ Approximate CRP is as follows: (actual numbers will be determined by FSA as per contracts)

Tract #1-34.41 acres x $111.26 per acre = $3828.46 and expires on 9-30-17

Tract #2- 5.3 acres x $195.81per acre =$1038.00 and expires on 9-30-20

21.94 acres x $111.26 per acre = $2441.04 and expires on 9-30-17

~ Buyer(s) agree to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer(s) agree to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer(s) further agree to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer(s) elect to take the ground out of CRP, the buyer(s) will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.

~ The buyer of Tract #2 will be responsible for installing his/her own entrance to the farm.

~ If one buyer purchases more than one tract the seller shall only be obligated to furnish one abstract and deed. (husband and wife constitute one buyer)

~ If in the future a site clean up is required it shall be at the expense of the buyer(s).

~ Both tracts will be surveyed by a registered land surveyor.

~ This real estate is selling subject to any and all covenants, restrictions and easements of record, as well as all applicable zoning laws.

~ There is a buried ammonia pipeline located on both tracts.

~ The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.

~ The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

Owners: Dwight & Mildred Manning

Michael C. Vance - Attorney

Richard Realty & Auction, Inc.

605 East Winfield Avenue, Mt. Pleasant, Iowa

319-385-2000

Lynn Richard ~ Chris Richard ~ Tim Meyer ~ Missy Allen ~ Jason Denning