56 ACRES, MORE OR LESS - TO BE SOLD IN 3 TRACTS

PUBLIC SHOWING: SATURDAY, DECEMBER 3, 2011 FROM 10:30 TO 12:00 NOON

THIS REAL ESTATE POSITIVELY SELLS TO THE HIGHEST BIDDER!!!

LOCATION
The Siefken farm is located 5 miles north of Burlington, Iowa on Highway #61 (15384 Hwy. #61).
Located in Sections 35 and 36, Franklin Township, Des Moines County, Iowa.

TRACT INFORMATION
TRACT #1 - 27 ACRES, MORE OR LESS
(Subject to final survey)
- FSA indicates 27 tillable acres.
- FSA indicates a corn yield of 118 bushels and 21.4 base acres.
- FSA indicates a soybean yield of 33 bushels and 5.7 base acres.
- Soil types include Mahaska silty clay loam, Taintor silty clay loam, Hedrick silt loam, and Clinton silt loam with a weighted average CSR of 74.
- Great location with newly granted access off of Highway #61!
- Excellent tract of high producing farmland between Burlington and Mediapolis, Iowa!
- Tract to be surveyed at the expense of the seller.
- No buildings on this tract.

TRACT #2 - 13 ACRES, MORE OR LESS, WITH 3 BEDROOM BRICK RANCH STYLE HOME, OUTBUILDINGS, AND RECREATIONAL TIMBER
- Very well built 3 bedroom brick ranch home with attached 2 car garage and handicapped elevator.
- Home has large living room, eat-in kitchen, 3 bedrooms, full bath, Pulse gas forced air furnace and central air conditioning.
- Full poured basement with bedroom, stool, shower, water softener, 200 amp electric service.
- Attached 2 car garage with handicapped elevator to basement.
- There is also a detached 2 car garage with double doors.
- Other improvements include a 24' X 30' metal storage shed with cement floor & overhead door.
- Property has drilled well with submersible pump, septic system to the east, large landscaped yard and approximately 10 acres of recreational/hunting timber.
- Located in the Mediapolis School District.
- Beautiful home in a great location with recreational possibilities!

TRACT #3 - 16 ACRES, MORE OR LESS OF RECREATIONAL/HUNTING TIMBER
- This tract offers opportunities for the sportsman for hunting deer, turkey, and other small game!
- Located close to Burlington or Mediapolis.
- No buildings on this tract.
- Access is by way of recorded easement.

METHOD AND TERMS OF SALE
Tracts #1 and #3 will be sold on a price per acre basis. Tract #2 will be sold lump sum sale price. These tracts will be sold in numerical order and will not be combined. Tract #1 will be surveyed by a registered land surveyor at the seller's expense. The surveyed acres on Tract #1 will be used to determine the sale price and the number of acres in Tract #2. Twenty percent (20%) of the final bid price to be paid on the day of the auction with the balance due at closing which will be on or before January 17, 2012 upon delivery of merchantable abstract and deed. Immediately following the auction, the successful buyers shall enter into a written agreement with the seller. Possession will be given at the time of closing. The real estate taxes will be prorated to date of closing and will be based upon the last available tax statement.
All announcements made auction day shall take precedence over prior advertising, either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. This real estate is being sold "as is".