Ottumwa, IA 52501(Wapello County)

A small creek runs through this property supplying a perfect water source for deer & turkey.

All tracts have premier hunting and recreational opportunities!!

Tract #1 - 90.5 Acres M/L (subject to final survey)

This tract features a creek that runs through the property, with approximately 45 acres of CRP land as follows:

FSA Info: 34.3 acres in CRP at $107.93, expiring 9-30-2017.

6.1 Acres in CRP at $130.93, expires 9-30-2012.

3.9 Acres in CRP at $146.60, expires 9-30-2012.

Balance of land is timber!

CSR of 42.9

Tract #2 - 46 Acres M/L (subject to final survey)

This tract has approx 3.7 acres in CRP at $107.93, expires 9-30-2017. The balance of this land is ALL standing timber offering great cover for deer & other wildlife!

CSR of 41.4

Tract #3 - 34 Acres M/L (subject to final survey)

This tract is mostly timber with some clearings.

CSR of 20.3

All tracts are located in Section 19, Richland Township, Wapello County, Iowa.

TERMS: 20% down payment on September 17, 2011. Balance to be paid on or before October 17, 2011 upon delivery of merchantable abstract and deed.

POSSESSION: October 17, 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 and will be used to prorate at closing.

Tract #1

Tract #2

Tract #3

Gross $854.82 $382.12 $207.52

Ag. Credit $24.60 $11.25 $6.45

Net $830.00 (Rounded) $371.00 (Rounded) $201.00 (Rounded)

SPECIAL PROVISIONS:

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

Tract #1: 34.3 acres in CRP at $107.93 = $3702.00, expires 9-30-2017

6.1 acres in CRP at $130.93 = $799.00 expires 9-30-2012

3.9 acres in CRP at $146.60 = $572.00 expires 9-30-2012

Tract #2: 3.7 acres in CRP at $107.93 = $399.00 expires 9-30-2017

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

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

~ The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.

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

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

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

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

Owner: MCR Enterprise, LLC

Paul Miller - Attorney