Tuesday, September 21, 2010

SALE STARTS AT 9:00 A.M.

AUCTION HELD AT THE HOSPERS COMMUNITY BUILDING ON MAIN STREET IN HOSPERS, IOWA.

LOCATION: The farm is located at the intersection of Log Avenue and 420^th Street, 1 ½ miles south of Hospers, Iowa Highway 60 exit on Blacktop L22; 5 miles northwest of Granville, Iowa; 8 miles northeast of Alton, Iowa. Auction signs will be posted.

LEGAL DESCRIPTION: The East Half of the Northeast Quarter of Section 22, Township 95 North, Range 43 West of the 5^th P.M., Sioux County, Iowa.

FSA & FARM INFORMATION: FSA shows 72.5 tillable acres in the description. FSA corn base is 37.4 acres with 110 bushel DY and 149 bushel CC yield. FSA soybean base is 35.1 acres with a 38 bushel DY and 46 bushel CC yield. CSR rating at 68.85 according to NRCS. Current taxes are $1,204 per year.

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 Executor’s acceptance or rejection. Balance due on or before December 14, 2010, when deeds and abstracts will be delivered and possession will be given. Sellers will pay the installment of real estate taxes that would become delinquent if not paid by October 1, 2011 and all prior real estate 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. For all additional information on the farm, contact auctioneers.

Oscar Jungers Estate

Paula Morgan - Executor

John D. TePaske - Attorney for Estate

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

AUCTIONEERS

Kevin T. Klaassen, 712-754-3500 or 800-672-3500; Norm Klaassen, 712-754-2005