AUCTION OF 153.01+/- ACRES

GRANT TOWNSHIP, LYON COUNTY, IOWA FARM LAND

Tuesday, July 27, 2010

Sale starts at 10:00 A.M.

in the Little Rock Town and Country Building

located on Main Street of Little Rock, Iowa.

The farm is located ¼ mile south of the intersection of 190^th Street and Log Avenue, 6 miles southwest of Little Rock, Iowa; or 6 miles northeast of George, Iowa.  Auction sign will be posted at the farm.

LEGAL: “The North Half of the Southwest Quarter AND the South Half of the Northwest Quarter EXCEPT Lot One, Section 26, Grant Township, Lyon County, Iowa.”

FARM INFORMATION:  Selling will be 153.01 acres, more or less.  FSA records show 147.3 tillable acres with a 74 acre corn base, 99 DY and 122 CC bushel yields.  Soybean base is 73.3 acres with a 31 DY and 37 CC bushel yields.  CSR rating for the property is 63.76 according to Lyon County Assessor’s records.  Soil maps show the majority of the farm in Primghar and Sac soils with smaller amounts of Afton, Galva and Colo.  Current taxes for the farm are $2,966 per year.  For any additional information please contact the auctioneers.

TERMS:  Ten percent earnest money on day of auction.  Buyers will enter written agreement for purchase immediately following the close of bidding.  All final bids are subject to acceptance or rejection by Executor.  Balance due on property on or before December 3, 2010 when deed and abstract will be delivered.  Possession subject to remaining rights of current tenant that end on March 1, 2011.

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 farm.

Miriam Kruse Estate

Thomas J. Whorley – Wolff, Whorley, DeHoogh & Schreurs, Attorney for Estate

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

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

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