AUCTION OF 90 +/- ACRES WHEELER TOWNSHIP,

LYON COUNTY, IOWA FARM LAND

Thursday, December 20, 2007

Sale starts at 9:30 A.M. in the George Community Room on Main Street of George, Iowa

Farm #1 – Eastern farm

The farm is located at the south edge of George, Iowa on the east side of Kennedy Avenue (Blacktop L14).

ABBREVIATED LEGAL: “Parcel in Section 1, Wheeler Township.”

FARM INFORMATION:  Selling will be 70 +/- acres.  FSA shows 42.1 tillable acres with 21 acre corn base, 107 DY and 131 CC yields.  Farm also has 21.1 acre bean base, 41 DY and 50 CC yields.  Balance of farm in pasture, road easement and river.  CSR rating for entire tract is 57.5 according to NRCS computer maps.

Farm #2 – Western farm

The farm is located at the south edge of George, Iowa on the west side of Kennedy Avenue (Blacktop L14).

ABBREVIATED LEGAL: “Parcel in Section 2, Wheeler Township”

FARM INFORMATION:  Selling will be 20 +/- acres.  FSA shows 12.3 tillable acres with a 6.2 acre corn base, 107 DY and 131 CC yields.  Farm also has 6.1 acre bean base, 41 DY and 50 CC yields.  Balance of farm in pasture, road easement and river.  CSR rating for entire tract is 55.5 according to NRCS computer maps.

TERMS:  Ten percent earnest money on day of auction.  Buyers will enter written agreements for purchase immediately following the close of bidding.  All final bids are subject acceptance or rejection by owner.  Additional 40% due on or before December 28, 2007.  Balance due on or before January 25, 2008, when deeds and abstracts will be delivered and possession given subject to existing lease that terminates March 1, 2008.  Seller will pay the installment of real estate taxes that would become delinquent if not paid by October 1, 2008 and all prior taxes.

DISCLAIMER:  All information contained in this advertisement and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement.  The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied concerning the property is made by the Sellers or the Auction Company.  Each potential bidder is responsible for conducting their own independent inspections, investigations, inquiries and due diligence concerning the property.  The information contained in this advertisement is subject to verification by all parties relying on it.  No liability for its accuracy, errors or omissions is assumed by the Seller or the Auction Company.  Conduct of the auction and increments of bidding are at the discretion of the auctioneers.  All decisions of the auctioneers are final.  Any announcements made the day of the sale take precedence over printed material or any other oral statements made.   Please contact auctioneers for additional information on the farms.

Charlotte Ann Perrault

Klaassen Realty, Broker & Auctioneers  Klaassen Realty is agent for and is representing the Seller.

Norman Klaassen: 712-754-2005 & Kevin T. Klaassen: 712-754-3500

See full bill & pictures also at www.klaassenrealty.com