AUCTION OF 150.87 +/- ACRES HORTON TOWNSHIP,

OSCEOLA COUNTY, IOWA FARM LAND

Tuesday, November 18, 2008

Sale starts at 9:00 A.M.

at the Senior Activity Center in Ocheyedan, Iowa

The farm location is at the intersection of 130^th Street and Starling Avenue; 5 miles northwest of Ocheyedan, Iowa. Auction sign will be posted at the farm.

Farm #1 – East 40 +/- Acres

ABBREVIATED LEGAL: “East ½ of East ½ of SW ¼ of Section 21, Horton Township”

FARM INFORMATION: Selling will be 40 acres, more or less. Osceola Assessor shows the overall CSR rating at 66.15. FSA shows 38.5 tillable acres with 19.6 acre corn base, 114 DY and 140 CC yields. Soybean base is 18.9 acres with 36 DY and 43 CC yields. Current taxes are $624 per year.

Farm #2 – West 110.87 +/- Acres

ABBREVIATED LEGAL: “West 120 Acres, EXCEPT building site, in SW ¼, Section 21, Horton Township”

FARM INFORMATION: Selling will be 110.87 acres, more or less. Osceola Assessor shows the overall CSR rating at 67.22. FSA shows 109.9 tillable acres with 53.7 acre corn base, 114 DY and 140 CC yields. Soybean base is 56.1 acres with 36 DY and 43 CC yields. Current taxes are $1,638 per year.

METHOD OF SALE

TRACT #1: East 40 +/- acres.

TRACT #2: West 110.87 +/- acres.

The two tracts will not be combined at this auction.

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 to seller approval. Sellers will pay the installment of real estate taxes that would become delinquent if not paid by October 1, 2009 and all prior taxes. Balance due on both farms on or before December 22, 2008.

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.

Joyce Scheu and Leila Gilbert

E. H. Philiph - Attorney for Sellers

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

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