LAND FOR SALE - Farmers National Company

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LAND FOR SALE

ON BIDS

Serving America’s Landowners Since 1929

L-1300189

160+/- Acres, Steele County, North Dakota Sealed Bid Deadline: January 28, 2013 • 4:30 PM See inside for bid procedure

www.FarmersNational.com PROPERTY INFORMATION Property Location: Six miles northeast of Finley, North Dakota. Legal Description: SE¼ of Section 4, T147 R56 Property Description: Quality cropland currently enrolled in CRP. Majority (108.6 acres) comes out in 2013. Wetland area offers additional hunting and recreational benefits. Seller reserves 50% of existing mineral rights Farm Data: Cropland 133.6 acres Non-crop 26.4 acres Total 160.0 acres

CRP Information: 108.6 acres are currently enrolled in the CRP program, due to expire September 2013. Annual payment of $42.20 per acre. 25 acres are currently enrolled in the CRP program, due to expire September 2025. Annual payment of $60.51 per acre. Taxes: $1,208 or $7.55 per cropland acre

For additional information, please contact:

Brent Qualey, Agent

Office: (701) 237-0059 Cell: (701) 238-0725 [email protected] Real Estate Sales • Auctions • Farm and Ranch Management • Appraisals • Insurance • Consultations Oil and Gas Management • Lake Management • National Hunting Leases

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4141 31st Ave. S. Suite 101 Fargo, ND 58106

Office: (701) 237-0059 Cell: (701) 238-0725 Fax: (701) 356-5226

Bid Form

Return no later than 4:30 PM, Monday, January 28, 2013 RE: SE¼ of Section 4, T147, R56 I/we hereby offer $ for the above referenced farmland. Bid is total price NOT per acre. I agree to deposit 10% earnest money on the date of sale if I am the successful bidder. Signature Date Print Name Address City

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Bid Procedure: Written bids will be received at the office of Farmers National Company, 4141 31st Avenue South, Suite 101, Fargo, North Dakota 58104 until 4:30 PM on Monday, January 28, 2013. Bids should be for the total dollar amount and not per acre. Those submitting the eight highest written bids will be notified and invited to participate in an oral bidding to be held at 2:00 PM on Wednesday, January 30, 2013, at Citizens State Bank, 300 6th Street East in Finley, North Dakota. Terms of Sale and Closing: Terms of the sale are cash. A 10% earnest money check will be required of the successful bidder on the date of the sale, with the balance due in full in 30 days. Seller will furnish a continued abstract of title evidencing marketable title. Seller will convey title by warranty deed at closing. Seller reserves the right to reject any and all bids and modify oral bidding requirements.