TERMS AND CONDITIONS The farm will be offered as one tract of land. " The land will be offered at auction on March 8th, 2017, 10:00 a.m. at the Memorial Park Enclosed Shelter House,300 N 2nd Street, Breda, IA 51436. The successful bidder(s) shall sign a purchase agreement, prepared by the seller, immediately after the close of the sale. The contract price will be the bidding acres as indicated on the individual tract purchased times the price bid per acre. " Earnest money in the amount of ten (10%) percent of the contract price shall be due the day of the sale. Earnest money paid the day of the sale will be deposited in the Real Estate Trust Account of Eich, Van Dyke, Werden & Steger, P.C the following business day. Certified funds will be required at the time of closing for the remaining balance of the purchase. " The real estate taxes will be pro-rated to the day of closing. . " The balance shall be paid in the form of certified funds upon closing, on or before April 19th, 2017. A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense. " "The seller reserves the right to reject any and all bids."

Auction Info Schroeder Family Farm, Farmland Sale 188Ac m/l PROPERTY DESCRIPTION- The property is composed of one tract of land totaling 188.00 acres, more or less, in Sections 32 in Kniest Township, Carroll County, Iowa. LOCATION OF LAND- East of Breda 1 mile and South 3 miles to 150th st and Hawthorne LOCATION OF AUCTION- Memorial Park Enclosed Shelter House,300 N 2nd Street, Breda, IA 51436 LEGAL DESCRIPTION- NW 1/4 section and the NW of the SW 1/4 All Located in Sections 32, Twp. 85N, Range 35W. LAND DESCRIPITION- Mostly Flat with General Rolling Hills and a Terrace on the south end of the farm. ZONING- Property is classified as Agricultural. HEL & WETLANDS- HEL, Conservation system being actively applied. 1.5 Acres of wetland. Enrolled in ARC County. TERMS AND CONDITIONS The farm will be offered as one tract of land. " The land will be offered at auction on March 8th, 2017, 10:00 a.m. at the Memorial Park Enclosed Shelter House,300 N 2nd Street, Breda, IA 51436. The successful bidder(s) shall sign a purchase agreement, prepared by the seller, immediately after the close of the sale. The contract price will be the bidding acres as indicated on the individual tract purchased times the price bid per acre. " Earnest money in the amount of ten (10%) percent of the contract price shall be due the day of the sale. Earnest money paid the day of the sale will be deposited in the Real Estate Trust Account of Eich, Van Dyke, Werden & Steger, P.C the following business day. Certified funds will be required at the time of closing for the remaining balance of the purchase. " The real estate taxes will be pro-rated to the day of closing. . " The balance shall be paid in the form of certified funds upon closing, on or before April 19th, 2017. A Warranty Deed will convey the title. Updated abstract(s) will be provided to the buyer at the seller's expense. " "The seller reserves the right to reject any and all bids." POSSESSION- Possession will execute on the April 19th, 2017 CREDIT AT CLOSING- 2017 Cash rent payment of $32,000 will be credited to the buyer at closing. WIND TURBINE LEASE- The current lease associated with the wind turbine located on the west side of the farm will be assumed by the buyer. TILE- Some drain tile has been put in, we will have tile maps at the auction. INDIVIDUAL TRACT INFORMATION Tract 1 - Bid as 188 ac., more or less. The NW 1/4 and the NW of the SW 1/4 all in Section 32, Twp. 85N, Range 35W. 188.39 Gross acres according to Carroll Co. All information contained in this brochure has been gained from sources considered to be reliable. However, bidders are invited to inspect the property and make their own investigations with respect thereto. All sales are presumed to be made by the individual judgment of the purchaser. The property is being sold "as is". Whitaker Marketing Group stipulates that they are representing the seller exclusively in this transaction, and acts at the Auctioneer and Auction Company Any announcements the day of sale will take precedence over any preprinted materials. Seller reserves the right to reject any and all bids. Parcel ID 2015 Taxes #02-32-300-001 $416 #02-32-100-003 $494 #02-32-100-004 $578 #02-32-100-005 $538 #02-32-100-006 $464 Total Estimated Tax (Based on 2015) $2490 FSA Farm # #8880 FSA Tract #s #5416, #7093 FSA Farmland Acres +/-186.87 FSA Cropland Acres +/-185.88 FSA DCP Cropland +/-185.88 Tillable CSR2 Weighted Average 65.6 (Source) Agridata