2577 k ave , Toledo, IA 52342(Tama County)

Parcel 2: East 1/2 of SE 1/4 and NW 1/4 of SE1/4 of Sect 23, Township 84 N, Range 15 West of the 5th PM., in Tama County, Ia except Parcel A as shown in Plat survey recorded in Book 898, page 316 in Tama County Recorder

FSA Information : Parcel 1 Tract 1685 Parcel 2 Tract 1686

Crop Land: 73 Acres Crop Land: 109.25 acres

Corn Base: 31.2 Acres Corn Direct Yield: 122 Corn Base: 59.6 Acres Corn Direct Yield:122

Soybean Base: 25.5 Acres Soybean Direct Yield: 25.5 Soybean Base:49 Acres Soybean Direct Yield: 41

Conservation plan is from 1995 and is due to be rewritten, but current plan is available, from agent, for inspection

Average CSR: Parcel 1 has an avg. CSR of 86.8 according to Surety, and 86.7 according to Tama County Assessor. Parcel 2 has avg. CSR of 89.1 CSR (cropland acres) according to Surety, and 85.9 according to Tama County Assessor, on the entire farm.

Real Estate Taxes: Taxes will be prorated to FULL possession date of March 1, 2013.

Estimated Taxes: Parcel 1 = $2222 Parcel 2= $3215

Possession: At Closing on or before Nov. 15, 2012, subject to 2012 Cash Rent Lease.

Full possession will be granted March 1, 2013

Method of Sale: This property will be offered at PUBLIC AUCTION as two separate parcels, they will NOT be offered as one unit. The bid will be per acre and will be multiplied by their respective acres (Parcel 1: 77 acres, Parcel 2: 113 acres) for each parcel, to determine total sale price. If you can not be present at this auction, you may bid online, by phone, or by a confidential proxy bid. Please contact agents to make arrangements prior to auction day.

Terms:

High bidder of real estate to pay 10% of the purchase price to Appraisal & Real Estate Services Trust Account on July 12, 2012. Successful bidder will sign a Real Estate Agreement providing full cash settlement on or before November 15, 2012. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase. Final settlement and payment of the balance of purchase price to be by cashiers check or wire transfer at closing on November 15, 2012.

Sale is subject to terms and provisions of existing farm lease until Mar. 1, 2013, with seller retaining all of the 2012 Cash Rent. Formal termination of the lease for 2013 Crop year will be completed prior to sale. Sellers have every intension of selling this property, but reserves 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 conclusions. The property is being sold As Is Where 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 representative are agents of the seller.

Seller: MB Christensen Estate, etal

Agents Comments: This is a very high quality Tama County Farm with good soils, conservation practices, and is located in very strong area.