THE EXCEPTIONAL REAL ESTATE IN WHEATLAND TOWNSHIP RICE CO MN. BELONGING TO GILBERT & ELSIE SKULZACEK

88 ACRES RICE CO. MN, FARMSTEAD TO SELL AT PUBLIC AUCTION

GILBERT SKLUZACEK WAS BORN ON THIS FARM AND GILBERT & ELSIE HAVE LIVED ON THIS FARM THEIR ENTIRE MARRIED LIFE AND ARE NOW GOING TO MOVE INTO LONSDALE TO RETIRE.

AUCTION LOCATION: AMERICAN LEGION HALL, 115 NW 2ND AVE. LONSDALE, MN 55046

TUESDAY AUGUST 17TH 2010

6:30PM

DIRECTION TO FARM: FROM LONSDALE, MN, HWY 19 AT NORTH WEST SIDE OF TOWN, TAKE RICE CO. 2, 2.5MILES WEST TO KENT AVE. SOUTH, ON KENT AVE FIRST PLACE

LONSDALE/NEW PRAGUE, MN AREA

 88 ACRES IN WHEATLAND TOWNSHIP SECTION 29 RICE CO. MN TO BE OFFERED IN THREE SEPARATE PARCELS

EXCEPTIONAL CROP LAND WITH 86 CER’S, DRAIN TILE

BEAUTIFUL COUNTRY BUILDING SIDE, HOUSE, SHEDS, WINDBREAK

~ PARCEL 1= 6.2 ACRE EXCEPTIONAL BUILDING SITE WITH 4 BEDROOM HOME, SEVERAL VERY GOOD SHEDS, 2 GRAIN BINS, WELL GROOMED LAWN, WITH EXCELLENT PINE WINDBREAK ~

** PHYSICAL ADDRESS: 7085 KENT AVE. NEW PRAGUE, MN 56071

** P.I.D. 01.29.1.25.002

** AREA: 6.2 +/- ACRES

** SURVEY TO BE COMPLETE BEFORE AUCTION DATE

** 4 BEDROOM, 1 ½ STORE HOME BUILT IN 1972 WITH ATTACHED GARAGE, PERMANENT SIDING, CENTRAL AIR, FORCED AIR LP GAS FURNACE, WATER SOFTENER, ALL APPLIANCES

** 2100 SQ. FEET LIVING AREA, MAIN FLOOR, BEDROOM, BATH, LAUNDRY, SUN ROOM, EAT IN KITCHEN

** 3 BEDROOMS ON UPPER LEVEL

** 104’X40’ MACHINE SHED WITH ONE POWER OVER HEAD DOOR

** 120’X36’ SHED EXCELLENT BOAT AND CAR STORAGE

** 2= 18’X24’ GRAIN STORAGE BINS

** 190’ CASE WELL WITH SUBMERSIBLE PUMP

** PRIVATE SEPTIC SYSTEM

** 2 DRIVE WAYS, BEAUTIFUL PINE WINDBREAK

** GREAT LOCATION ONLY 2 MILES FROM LONSDALE ON BLACKTOP ROAD

** PARCEL 1 HAS EXCELLENT INCOME POTENTIAL FOR STORAGE FROM THE EXTRA SHEDS, AND GRAIN BINS

** MOVE-IN CONDITION, VERY CLEAN

~ PARCEL 2, 35.79 ACRES OF PRIME BARE CROP LAND, EXCELLENT CER’S, VERY GOOD SOIL TYPES, IN SECTION 29 OF WHEATLAND TOWNSHIP, RICE CO. MN ~

** SURVEY TO BE COMPLETE BY AUCTION DATE

** 36.21 ACRES OF PRIME TILLABLE CROP LAND

** DRAIN TILE IS IN PLACE

** LESTER LOAM, ANGUS LOAM, HAMEL LOAM ARE MAJOR SOIL TYPES

** 86 CER’S

** CROP PRODUCTIVITY INDEX FROM 86 – 99

** A GREAT PIECE OF CROP LAND

~ PARCEL 3, 48.66 ACRES OF CROPLAND, CRP LAND AND ONE BUILDING ENTITLEMENT, FANTASTIC SPOT TO BUILD YOUR DREAM HOME, CHECK IT OUT, IN SECTION 29 OF WHEATLAND TOWNSHIP, RICE CO. MN ~

** 48.66 ACRES OF BARE LAND SURVEY TO BE COMPLETED BY AUCTION DATE

** 47.01 ACRES OF TILLABLE CROP LAND

** 15.15 ACRES OF LAND IN CRP WITH AN EXPIRATION DATE OF 9-30-2018 WITH A PAYMENT OF $2,028.00 PER YEAR

** MAJOR SOILS: LESUEUR  CLAY LOAM, GLENCO CLAY LOAM, LESTER LOAM, TERRIL LOAM

** PRODUCTIVITY INDEX FROM 76 – 86

** CER’S 82

PARCEL 2 & 3 HAVE A COMBINED F.S.A. REPORT OF

44.8 CORN BASE                               116CC YIELD

19.5 SOYBEAN BASE                        44CC YIELD

1.3 WHEAT BASE                              40CC YIELD

TERMS: $10,000.00 DOWN PER PARCEL THE DAY OF AUCTION, WHICH IN NONREFUNDABLE IF BUYER FAILS TO CLOSE ON SAID PARCEL. THE BALANCE IS DUE AND PAYABLE IN FULL TO THE SELLER ON OR BEFORE NOV. 15, 2010. POSSESSION OF PARCEL 1 SHALL BE NOV. 16, 2010. POSSESSION OF PARCEL 2 AND 3 SHALL BE NOV. 15, 2010 OR WHEN LAND TENANT HAS ALL 2010 CROPS REMOVED FROM SAID PARCELS, SELLER IS TO PAY ALL REAL ESTATE TAXES FOR THE YEAR OF 2010, SELLER SHALL RETAIN ALL RENTS FROM PARCEL 2 AND 3 FOR THE YEAR OF 2010. ALL PARCELS ARE SELLING IN AS-IS CONDITION WITH NO WARRANTY OR GUARANTEE EXPRESSED OR IMPLIED BY SELLERS OR THEIR AGENTS. SELLER SHALL DELIVER A CLEAR AND MARKETABLE WARRANTY DEED AT CLOSING. A 5% BUYER’S FEE APPLIES TO THIS REAL ESTATE AUCTION. THIS 5% SHALL BE ADDED ABOVE AND BEYOND THE FINAL BID PRICE TO EQUAL FULL PURCHASED CONTRACT SELLING PRICE.

OPEN HOUSE DATES

SAT. JULY 24^TH   10:00AM – 12:00

SUN. AUGUST 1^ST            12:00 – 2:00PM

SUN. AUGUST 8^TH            12:00 – 2:00PM

WED. AUGUST 11^TH         6:00PM – 7:30PM

ATTORNEY FOR SELLER: BILL MAREK 507-364-8616

GILBERT & ELISE SKULZACEK, OWNER

MATT MARING AUCTION CO. INC.,

MATT MARING LIC# 25-28

KEVIN MARING LIC# 25-70

507-789-5421

800-801-4502

507-951-8354

CHARLIE SINNWELL LIC# 20-01

507-634-2991