l Linn

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FARM REAL ESTATE AUCTION Knupp Trust Farm 75 Acres m/l Linn County, Iowa Sale held at Central City American Legion 6 Central City Road, Central City, Iowa 52214 September 20, 2013 starting at 10:00 A.M. FARM LOCATION:

From Waubeek: 1 ½ miles west on Highway E28. The farm is located on the south side of the road.

LEGAL DESCRIPTION:

The W ½ of the NE ¼ of Section 24, Township 85 North, Range 6 West of the 5th P.M., Linn County, Iowa, except Lot 1, Knupp First Addition to Linn County Iowa.

TAXES:

2012-2013, payable 2013-2014 – $1,986.00 – net - $26.54 per acre. There are a total of 74.83 taxable acres.

FSA INFORMATION:

Farm #981 - Tract #985 Cropland Corn Base Direct and Counter Cyclical Corn Yield Soybean Base Direct and Counter Cyclical Soybean Yield

AVERAGE CSR:*

ArcView Software indicates an average CSR of 71.6 on the cropland acres. The Linn County Assessor indicates a CSR of 66.16 on the entire farm.

DATE OF CLOSING:

November 8, 2013.

POSSESSION:

At closing, subject to the 2013 Cash Rent Lease.

SCHOOL DISTRICT:

Central City School District.

METHOD OF SALE:

This property will be offered as as single Parcel, consisting of 75 acres. The bids will be dollars per acre and will be multiplied by 75 acres to determine the total sales price.

72.8 Acres 55.0 Acres 119/119 Bu/Acre 17.8 Acres 37/37 Bu/Acre

*CSR is an index of soil productivity with a range from 5 to 100, the higher the index, the more productive the soil. All acres are more or less.

The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by Hertz Real Estate Services or its staff. All acres are considered more or less.

TERMS:

High bidder of the real estate to pay 10% of the purchase price to the Agent’s real estate trust account on September 20, 2013. Buyer will sign a Real Estate Sales Agreement providing full cash settlement on or before November 8, 2013. Successful bidders are purchasing with no financing contingencies and must be prepared for cash settlement of their purchase on or before November 8, 2013. Final settlement and payment of the balance of the purchase price to be by cashier’s check or wire transfer. Sellers reserve 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 and its condition, and to rely on their own conclusions. The property is being sold “As Is – Where Is.” The Buyers are purchasing subject to any easements or restrictions of record. Any announcements made the 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.

AGENCY:

Hertz Real Estate Services and their representatives are Agents of the Seller.

SELLER(S):

John A. and Martha E. Knupp Trust.

BROKER’S COMMENTS:

This is a high quality Linn County farm located in a strong area!

PLAT MAP Maine & Buffalo Townships Linn County, Iowa

The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by Hertz Real Estate Services or its staff. All acres are considered more or less.

AERIAL MAP

AUDITOR’S PLAT

CSR: Calculated using ArcView 3.2 software *CSR is an index of soil productivity with a range from 5 to 100, the higher the index, the more productive the soil.

CSR MAP Measured Tillable Acres Soil Label 133 175B 178B 391B 393B 393C 408C 409B 41B 41C 426B 83B 84 88

72.8 Soil Name

Average CSR CSR

71.6 Corn Yield

Colo silty clay loam 80 192 Dickinson fine sandy loam, 2 to 5 percent slopes 55 158 Waukee loam, 2 to 5 percent slopes 74 184 Clyde-Floyd-Schley complex, 1 to 4 percent 73 slopes 183 Sparta loamy fine sand, loam substratum, 242 to 5 percent slopes 141 Sparta loamy fine sand, loam substratum, 527 to 9 percent slopes 120 Olin fine sandy loam, 5 to 9 percent slopes 50 152 Dickinson fine sandy loam, loam substratum, 562 to 5 percent160 slopes Sparta loamy fine sand, 2 to 5 percent slopes 40 138 Sparta loamy fine sand, 5 to 9 percent slopes 25 118 Aredale loam, 2 to 5 percent slopes 85 199 Kenyon loam, 2 to 5 percent slopes 87 201 Clyde silty clay loam 77 188 Nevin silty clay loam 90 206

Soybean Yield 52 43 50 49 38 32 41 43 37 32 54 54 51 56

REID #:

WE

Acres 7.80 1.93 0.05 0.42 0.64 3.07 2.45 1.24 0.88 6.21 17.32 9.54 19.41 1.59

010-1419-1

ARE PLEASED TO OFFER THESE SERVICES

APPRAISALS  REAL ESTATE SALES  FARM MANAGEMENT FOR MORE INFORMATION CONTACT: TROY R. LOUWAGIE – EMAIL: [email protected] LICENSED REAL ESTATE BROKER IN IA & IL 102 PALISADES ROAD  MT VERNON IA  52314  PHONE: 319-895-8858  WWW.HERTZ.AG The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by Hertz Real Estate Services or its staff. All acres are considered more or less.

PHOTOS

The information gathered for this brochure is from sources deemed reliable, but cannot be guaranteed by Hertz Real Estate Services or its staff. All acres are considered more or less.