Monday, December 21, 2009

SALE STARTS AT 9:00 A.M.

AUCTION HELD AT THE FARM

LOCATION: Farm is located 4 miles east, 1 mile south and ½ mile east of Ellsworth, Minnesota; or 4 miles north and 2 miles west of Little Rock, Iowa. Auction signs will be posted.

ABBREVIATED LEGAL: Southeast Quarter of Section 31, Little Rock Township, Nobles County, Minnesota.

FSA & FARM INFORMATION: FSA shows 147.6 cropland acres. FSA states a 75.1 acre corn base with 98 bushel DY and 128 bushel CC yield. Soybean base is 71.0 acres with a 36 bushel DY and 43 bushel CC yield. Nobles Assessor shows CER rating at 71.85 across entire farm. Current taxes net at $3,156 per year.

HOME & BUILDINGS: An attractive home and building site, the buildings include a 2 story five bedroom home. Main floor rooms include kitchen, living and dining rooms, bedroom and bath. Second floor includes four bedrooms. Other buildings include a garage, machine shed, barn, chicken house and several other buildings. Contact auctioneers for inspection of building site by appointment only.

METHOD OF SALE

TRACT #1: SE Quarter except building site. 155.50 acres (more or less) of farm land.

TRACT #2: Building site of 4.50 (more or less).

TRACT #3: The combined tracts of the entire farm, 160 acres (more or less) will be offered.

TERMS: Ten percent earnest money on day of auction. Forty percent due on or before December 30, 2009. Balance due on or before February 1, 2010, when deed and abstract will be delivered and possession will be given. Buyers will enter written agreements for purchase immediately following the close of bidding. All final bids are subject to owner’s acceptance or rejection. Sellers will pay the installment of real estate taxes that would become delinquent if not paid by November 15, 2009 and all prior real estate taxes. Seller will provide deeds and abstracts to buyers in the manner that is most cost effective for the seller. In the event one buyer purchases tracts separately, sellers will furnish one deed and abstract.

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. For all additional information on the farm, contact auctioneers.

Schubert Family Farm

Klaassen Realty, Broker - Klaassen Realty is an agent for and is representing the Sellers for this auction.

AUCTIONEERS

Clark Ahders, 712-475-3993 or Kevin T. Klaassen, 712-754-3500 or 800-672-3500