Friday – December 19, 2008 – 2:00 pm
Fostoria Fire Station, Fostoria, IA

Location: 6 miles west of Fostoria on county road B14.

Legal: West Half (W1/2) of the Northwest Quarter (NW1/4) and part of the East Half (E1/2) of the Northwest Quarter (NW1/4) all in Section Seven (7), Township Ninety-seven (97) North, Range Thirty-seven (37) West of the 5th PM, Clay Co., Iowa containing 105 acres more or less.

Land Description: A mostly tillable nearly rectangular unimproved tract of level to gently rolling farmland. The Shults Trust farm 99.4 crop acres are in two fields. The north field of 62.8 acres and the south field of 36.6 acres. The fields have been farmed separately by two tenants. A grove of trees of 3.25 acres is located in the south field on the east side of the farm. The farm is bordered by a county blacktop on the north (B14) and a gravel road on the west, (160thAve.).

Soils: Majority of soils are May City, Wadena, Talcot and Terril.

Average: CSR 46.2

RE Taxes: $1230.00 annually. Real Estate taxes will be prorated to December 19, 2008.

Possession: Sale day with 10 percent down.

Terms: 10 percent down sale day on a contract for deed. Balance on the contract due February 10, 2009.

Brokers Note: Jon Hjelm/The Acre Company is pleased to be selling the Shults Trust farm at public auction. Land buyers - take a look at this nearly all tillable Clay County farm on a hard surface road offering a great farm investment opportunity or add on unit to your farming operation. This sale is subject only to the approval of the Seller the day of the auction. See you sale day!

Helen Shults Revocable Trust, Owner
American State Bank, Sioux Center, IA, Co-Truste

Attorney: John DeKoster, DeKoster and DeKoster, Hull, Iowa.

Broker / Auctioneer: Jon Hjelm / The Acre Co. 712-240-3529

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