Wednesday – December 10, 2008 – 10:00 am
Moose Lodge #496, Hwy 18 East, Spencer, Iowa

Location: From Greenville - 1-1/2 miles south on 225th Ave. then 1/2 mile east on 450th St.

Legal: Tract One - Southwest Quarter (SW 1/4) of Section Thirty-two (32), Township Ninety-five (95) North, Range Thirty-six (36), West of the 5th PM, Clay Co., IA Tract contains 160 acres more or less.
Tract Two - Southeast Quarter (SE 1/4) of Section Thirty-two (32), Township Ninety-five (95) North, Range Thirty-six (36), West of the 5th PM, Clay Co., IA minus two acreages. Tract contains 136 acres more or less.

Land Description: : Tract One - An inside unimproved all tillable quarter section of nearly level to very gently rolling tillable farmland. The 158.8 tillable acres are all in one field. A shaped waterway crosses the tract providing drainage. The farm is bordered by a gravel road, 450th St. on the south.
Tract Two- An unimproved all tillable tract of nearly level to very gently rolling farmland. The 134.4 tillable acres are all in one field. Three terraces are installed for conservation purposes. The farm is bordered by gravel roads on the south (450th St.) and on the east (240th Ave.).

Soils: Gillett Grove, Ransom, Afton, McCreath and Sac

Average CSR: Tract One 77.6 / Tract Two 79.3

Method of Sale: The successful bidder will have choice of either Tract One or Tract Two or both Tracts One and Two.

RE Taxes: Taxes will be prorated to January 1, 2009.
Tract One $ 3114.00 estimated annually / Tract Two $ 2728.00 estimated annually

Possession: At closing on February 13, 2009. Subject to a one year 50/50 crop share lease for 2009.

Terms: 10 percent down day of sale. Balance due at close on or before February 13, 2009.

Brokers Note: Cotton-Grave Farm Management and Jon Hjelm/The Acre Company are pleased to be selling the Stave Family Trust Clay County farm at public auction. A great opportunity to purchase a quarter section or more of reputation Clay County farmland that has been well cared for by a long-time tenant. This sale is subject to the approval of the Sellers at the auction. See you sale day!

For more information call Gary Grave, Cotton-Grave Farm Management, Spencer, IA - 712-262-6425

Stave Family Trust, Owner

Attorney: Chris Bjornstad - Cornwall, Avery, Bjornstad and Scott, Spencer, IA

Broker: Gary Grave, Cotton-Grave Farm Management, Spencer, IA - 712-262-6425

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

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