51.51 ACRES OF BARE CROPLAND BELONGING TO ROBERT & CHAR HAMMER OF NEW PRAGUE

PRIME AG LAND AUCTION

51.51 ACRES BARE CROP LAND LOCATED IN SECTION 7 WHEATLAND TOWNSHIP RICE COUNTY, MN. SOUTHEAST EDGE OF NEW PRAGUE, MN

MONDAY NOV. 23, 2009

7:00 PM SHARP

AUCTION LOCATION: BREWSTER’S BAR AND GRILL (VESELI, MN) 9856-50^TH STREET WEST LONSDALE

GREAT STAND ALONE FARM OR ADDITION TO ANY OPERATION

51.51 ACRES OF BARE CROP LAND, PART OF SECTION 7 WHEATLAND TOWNSHIP, RICE COUNTY MN ON THE EDGE OF NEW PRAGUE, MN

DIRECTIONS TO FARM: FROM NEW PRAGUE TAKE HWY 19 TO EAST EDGE OF TOWN, THAN TAKE 141 AVE OR LESUEUR CO. 164 SOUTH 1 MILE, THAN EAST ON 290^TH STREET 1.2 MILES.

** PHYSICAL ADDRESS: XXXX LESUEUR AVE NEW PRAGUE, MN

** PART OF THE NW ¼ SECTOIN; SECTION 7 WHEATLAND TOWNSHIP RICE COUNTY MN LEGAL TO GOVERN

** AREA: 51.51 ACRES (SURVEYED IN 2008)

** APPROXIMATELY 50 ACRES OF TILLABLE CROP LAND

** 2008 SOYBEAN YIELD WAS 53 BUSHEL PER ACRE

** SPRING WHEAT YIELD WAS 68 BUSHEL PER ACRE

** MAJOR SOILS: LESUEUR CLAY LOAM, LESTER CLAY LOAM, AND ANGUS LOAM

** PRODUCIVITY INDEX: 88 RATING

** SOME TILE INSTALLED

** CALL FOR INFORMATION PACKET 1-800-801-4502

TERMS: $20,000 DOWN THE DAY OF AUCTION (WHICH IS NON-REFUNDABLE IF BUYER FAILS TO CLOSE) THE BALANCE IS DUE AND PAYABLE IN FULL TO THE SELLER NOT BEFORE JANUARY 4, 2010 AND NOT AFTER JANUARY 10, 2010 AT WHICH TIME THE BUYER SHALL RECEIVE POSSESSION AND A CLEAR AND MARKETABLE TITLE.  ALL REALESTATE SHALL SELL AS-IS CONDITION WITH NO WARRANTY OR GUARANTEE EXPRESSED OR IMPLIED BY SELLER OR ANY OF THEIR AGENTS.  A 5% BUYERS FEE APPLIES TO THIS REALESTATE AUCTION, THIS 5% BUYERS FEE SHALL BE ADDED ABOVE AND BEYOND THE FINAL BID PRICE TO EQUAL FULL PURCHASE PRICE.

ROBERT (BOB) & CHAR HAMMER, OWNERS

MARING AUCTION CO. INC., KENYON, MN 55946

MATT MARING, LIC. 25-28

KEVIN MARING, LIC. 25-70

1-800-801-4502 OFFICE

1-507-789-5421 OFFICE

1-507-951-8354 CELL

CHARLIE SINNWELL, LIC. 20-01