Purchaser(s) will be expected to pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before February 1, 2018. Possession will be given upon closing. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding Auctioneers represent the Seller in this real estate auction. Any announcements made day of sale will supersede any advertising.

CALHOUN COUNTY, IOWA FARMLAND 190 +/- ACRES IN GARFILED TOWNSHIP & 50 +/- ACRES IN TWIN LAKES TOWNSHIP Monday, December 4, 2017 at: 10:00 A.M. Sale held at the Expo Building,Calhoun County Fairgrounds,Rockwell City, IA. Farms are located from Rockwell City, 5 miles west on D36 (Old Hwy. #20), 1/2 mile north on Inwood Ave. OR From Lytton, IA., 6 miles east on D36, 1/2 mile north on Inwood Ave. LEGAL DESCRIPTIONS FARM # 1: NE1/4 & Pt. of the S1/2 NW1/4, in Section 25, T88N R34W of 5th P.M., (Garfield Twp), Calhoun County, Iowa FARM # 2: SE1/4 SW1/4, Section 18, T88N, R33W of 5th P.M. (Twin Lakes Twp.), Calhoun County, Iowa FARM # 3: Part of W1/2 SWfr1/4), Section 30, T88N, R33W of 5th P.M. (Twin Lakes Twp.), Calhoun County, Iowa GENERAL DESCRIPTION & METHOD OF SALE FARM # 1: A 190 acre, m/l, farm which will be offered as 2 Parcels. PARCEL A: 120.50 acres, m/l, parcel lying south of the open dredge ditch; PARCEL B: 69.50 acre, m/l, parcel lying north of the open dredge ditch. Will be offered with the high bidder to have choice of Parcel A, Parcel B or both parcels. In the event, the high bidder selects both parcels, the sale of Farm # 1 is over. In the event the high bidder selects one parcel, the remaining parcel will then be offered. FSA indicates for Farm # 1: Cropland acres of 179.48 of which 14.65 acres are enrolled in a CRP program with favorable rates. (Average of approx. $ 316./Acre – $ 4,630./year with expiration dates from 2022 to 2024).Remaining effective (active) cropland acres of 164.83; Corn Base of 87.40 with yield index of 163; Soybean Base of 66.80 with yield index of 41. (Parcel A: Estimated cropland acres of 112.21 of which 7.20 acres in CRP; Parcel B: Estimated cropland acres of 67.27 of which 7.45 acres in CRP). There is also an older building site included with Parcel A. Real Estate taxes for Farm # 1: $ 3,744./year. Surety Digital Soil Rating Service: Entire Farm # 1: CSR(2) of 80.4 & CSR of 75.8; PARCEL A: CSR(2) of 81.1 & CSR of 76.8; PARCEL B: CSR(2) of 78.7 & CSR OF 74.5. FARM # 2: Offered as a 40 acre, m/l, parcel. FSA indicates: Cropland acres of 38.34 of which 5.20 acres are enrolled in a CRP program. CRP of 5.20 acres @ $ 373.20/acre ($ 1,941/yr.) and expires on September 30, 2025. Remaining effective (active) cropland acres of 33.14. Corn base estimated at approx. 52.8% with corn yield index of 163 & bean yield index of 41. Real Estate taxes: $ 904./year. Surety Digital Soil Rating Service: CSR(2) of 88.2 & CSR of 83.89 FARM # 3: Offered as a 10 acre, m/l, parcel. FSA indicates Cropland acres of 9.11 with a Corn Base of 8 w/yield index of 163; Soybean base of 1with yield index of 41. Real Estate taxes: $ 198./year. Surety Digital Soil Rating Service: CSR(2) of 80.1 & CSR of 74.6 TERMS OF SALES Purchaser(s) will be expected to pay 10% of the purchase price on day of sale and sign a standard real estate contract agreeing to pay the balance in full on or before February 1, 2018. Possession will be given upon closing. There are no Buyer contingencies of any kind. All potential bidders are expected to have financial arrangements made prior to bidding Auctioneers represent the Seller in this real estate auction. Any announcements made day of sale will supersede any advertising. Loyd Ellis Estate Iowa Savings Bank, Carroll, Iowa, Executor Frank Comito, Carroll, Iowa, Attorney for Estate Sale Arranged & Conducted By: Green Real Estate & Auction Co. Mike Green & Jim Green, Auctioneers Sac City, IA., ph. 712-662-4442