1560 200th St , Gladbrook, IA 50635(Tama County)

Average CSR: Avg. CSR of 83.2 according to Surety, and 83.1 according to Tama County Assessor on the entire farm, excluding Parcel A

Real Estate Taxes: Taxes will be prorated to at the time of Closing July 12, 2013

Estimated Taxes: $6150.00 per year

Possession: At Closing on or before July 12,2013, subject to 2013 Cash Rent Lease.

Second half rent, estimated at $17,000 goes to buyer at a time, as previously arranged with Tenant and Landlord

Formal Termination of tenants rights will be executed for 2014 Crop Season.

Full possession will be granted March 1, 2014

Method of Sale: This property will be offered at PUBLIC AUCTION The bid will be per acre and will be multiplied by 156 acres for each parcel, to determine total sale price. If you can not be present at this auction, you may bid online, by phone, or by a confidential proxy bid. Please contact agents to make arrangements prior to auction day.

Terms:

High bidder of real estate to pay 10% of the purchase price to Appraisal & Real Estate Services Trust Account on May 30, 2013. Successful bidder will sign a Real Estate Agreement providing full cash settlement on or before July 12, 1013. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase. Final settlement and payment of the balance of purchase price to be by cashiers check or wire transfer at closing on July 12, 2013.

Sale is subject to terms and provisions of existing farm lease until Mar. 1, 2014, with seller retaining all of First 1/2. Second 1/2 going to buyer. Formal termination of the lease for 2014 Crop year will be completed prior to sale. Sellers have every intension of selling this property, but reserves the right to reject any and all bids.

Announcements:

Property information provided herein was obtained from sources deemed reliable, but the Auctioneer makes no guarantees as to its accuracy. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their conclusions. The property is being sold As Is Where Is and the buyers are purchasing subject to any easements or restrictions of record. Any announcements made auction day by the auctioneer will take precedence over any previous printed material or oral statements. Bidding increments are solely at the discretion of the Auctioneer. All acreage figures are based on information currently available , but they are not guaranteed. It shall be Buyers obligation at Buyers expense to enter into a binding acknowledgement with the Tama County Board of Health PRIOR TO CLOSING AND SETTLEMENT to install a new private sewage disposal system on the property within an agreed upon time period OR to demolish the dwelling without it be occupied within an agreed upon time period. Prior to final settlement and closing, the Buyer shall provide the Sellers attorney a copy of the binding acknowledgement for attachment to the Groundwater Hazard Statement.

Agency: Appraisal & Real Estate Services and their representative are agents of the seller.

Seller: Revocable Trust of John R and Barbara A Bereczki

Agents Comments: This is a very high quality Tama County Farm with good soils, conservation practices, and is located in very strong area.