AUCTION OF 155.39 +/- ACRES

DOON TOWNSHIP, LYON COUNTY, IOWA FARM LAND

Tuesday, October 21, 2008

Sale starts at 9:00 A.M.

in the Alvord Community Building in Alvord, Iowa

The farm location is at the intersection of 220^th Street and Eagle Avenue, just 1 mile southwest of Alvord, Iowa; 7 miles northeast of Inwood, Iowa or 7 miles northwest of Doon, Iowa. Auction sign will be posted at the farm.

Farm #1 – Northern farm - SOLD $5900 / ACRE

ABBREVIATED LEGAL: “North ½, EXCEPT a tract, of the Northeast ¼ of Section 7, Doon Township”

FARM INFORMATION: Selling will be 77.06 acres, more or less. Lyon Assessor shows the overall CSR rating at 57.43. This farm is combined with other property for current FSA programs. FSA maps show this parcel to be all tillable except for the excepted parcel and road easement. Current taxes are $1,040 per year.

Farm #2 – Southern farm - SOLD $5600 / ACRE

ABBREVIATED LEGAL: “South ½, EXCEPT a tract, of the Northeast ¼ of Section 7, Doon Township”

FARM INFORMATION: Selling will be 78.33 acres, more or less. Lyon Assessor shows the overall CSR rating at 55.83. This farm is combined with other property for current FSA programs. FSA maps show this inside parcel to be all tillable except for the excepted parcel, a small waterway area and road easement. Current taxes are $1,012 per year.

METHOD OF SALE

TRACT #1: North farm of 77.06 +/- acres.

TRACT #2: South farm of 78.33 +/- acres.

The two tracts will not be combined at this auction.

OVERALL FARM INFORMATION: Current FSA information shows 151.7 total tillable acres in the combined descriptions. For entire tract, current corn base is 74.2 acres with 104 DY and 155 CC yields. Soybean base is 72.3 acres with 42 DY and 50 CC yields. Splits of bases and yields will be responsibility of buyers and FSA County Committee.

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. NORTH FARM balance due on or before December 2, 2008. SOUTH FARM balance, 40% on December 29, 2008 and 50% on January 5, 2009.

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.

Frances Moser Estate and Family

Klein and Klein – Attorneys for the Estate and Family

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