"THE BEST OF THE BEST"

"160 ACRES OF PRIME RICE CO. MN. CROPLAND"

MRS. HOMEIER HAS MOVED TO THE CARE HOME THEREFOR HER EXCEPTIONAL FARMSTEAD WILL SELL AT PUBLIC AUCTION

AUCTION LOCATION: 10564 200TH STREET EAST KENYON, MN (WEST OF KENYON ON HWY 60 TO RICE CO. 24, NORTH OF CO. RD 24, 1 MILE TO 200TH STREET, EAST ON 200TH .04 MILE)

SAT. MAY 24, 2008

9:30 A.M.

REAL ESTATE SELLS AT 9:30 A.M. SHARP

PARCEL 1

** EXCEPTIONAL COUNTRY BUILDING SITE W/3 BEDROOM RAMBLER WITH FIREPLACE, 2 CAR ATTACHED, 2 STORY BARN, SHEDS **

** PHYSICAL LOCATION: 10564 200TH ST EAST KENYON, MN. ** P.I.D: #12.27.4.25.001 ** AREA: 7.65 ACRES, JUST SURVEYED ** 3 BEDROOM RAMBLER, FIREPLACE, LARGE GREAT ROOM ** 2 CAR ATTACHED GARAGE ** VINYL WINDOWS AND SIDING ** NEWER SHINGLES ** 2 STORY BARN IN GOOD CONDITION ** SEVERAL GOOD OUT BUILDINGS ** ALL BUILDINGS HAVE NEWER MATCHING SHINGLES OR STEEL ROOFS ** GOOD TREE WIND BREAKS ** GOOD WELL ** SEPTIC ** ALL MAJOR APPLIANCES, CENTRAL AIR CONDITIONING ** BUILDING ARE IN WELL MAINTAINED CONDITION ** POSSESSION OF THE BUILDING SITE JULY 1, 2008 OR AT CLOSING **

PARCEL 2

** 59.65 +/- ACRES OF PRIME BARE CROPLAND LOCATED IN SECTION 27 WHEELING TOWNSHIP RICE COUNTY MN. **

** LOCATED: IN THE SOUTHERN HALF AND PART OF SECTION 27 WHEELING TOWNSHIP RICE CO. MN ** AREA: 59.65 +/- ACRES, JUST SURVEYED ** TILLABLE ACRES: 56.39 +/- ACRES ** APRROXIMATE 35,561 FEET OF DRAIN TILE, 50' SPACINGS ** F.S.A. REPORT 89.9 ACRES CORN BASE W/160 CC YIELD AND 32.7 SOYBEAN ACRES W/ 48 CC YIELD ** EFFECTIVE DCP CROPLAND, 149 ACRES ** THIS PARCEL LAYS VERY GOOD ** 80-85 C.E.R. ** SOILS: KENYON, KLINGER, MAXFIELD **

PARCEL 3

** 93.55 +/- ACRES OF PRIME BARE CROPLAND LOCATED IN SECTION 27 WHEELING TOWNSHIP RICE CO. MN. **

** LOCATED: IN THE SOUTHERN HALF AND PART OF SECTION 27 WHEELING TOWNSHIP RICE CO. MN. ** AREA: 93.55 +/- ACRES, JUST SURVEYED ** TILLABLE ACRES: 92.62 +/- ACRES ** F.S.A. REPORT: 89.8 ACRES CORN BASE W/160 CC YIELD AND 32.7 SOYBEAN ACRE BASE W/48 CC YIELD ** EFFECTIVE DCP CROPLAND, 149 ACRES ** 80-90 C.E.R. ** SOILS: KENYON, KLINGER, MAXFIELD **

OPEN HOUSE DATES:

TUES. MAY 6       6-7:00 P.M.

MON. MAY 12       6-7:00 P.M.

SUN. MAY 18      11-1:00 P.M.

TERMS: $20,000.00 DOWN PER PARCEL THE DAY OF AUCTION (WHICH IS NONREFUNDABLE IF BUYER(S) FAIL TO CLOSE AND PAY SELLER IN FULL) THE BALANCE IS DUE AND PAYABLE IN FULL ON OR BEFORE JULY 1, 2008. AT THE TIME OF FULL PAYMENT TO SELLER THE BUYER SHALL RECIEVE CLEAR MARKETABLE TITLE. POSSESSION OF PARCEL 1 (THE BUILDING SITE) SHALL BE AT CLOSING DATE. POSSESSION OF PARCEL 2 AND PARCEL 3 SHALL BE UPON COMPLETE REMOVAL OF 2008 CROPS OR NOV. 1, 2008. ALL REAL ESTATE TAXES PAYABLE IN THE YEAR OF 2008 SHALL BE PAID BY THE SELLER. ALL PARCELS ARE SELLING AS-IS, WHERE-IS WITH NO WARRANTY OR GUARANTEE WHAT SO EVER EXPRESSED OR IMPLIED BY THE SELLER OR ANY OF THEIR AGENTS. A 5% BUYERS FEE WILL APPLY TO THIS REAL ESTATE AUCTION. THIS 5% FEE SHALL BE ADDED ABOVE AND BEYOND THE FINAL BID PRICE TO CONSTITUTE FULL PURCHASE CONTRACT PRICE.

JOHN OPHAUG, ATTORNEY FOR SELLER 1-507-645-9541

JANET HOMEIER, OWNER

JERRY WILLE, P.O.A.

MATT & KEVIN MARING, LIC.#25-28, #25-70 REGISTERED WISCONSIN LIC.#2200-052 KENYON, MN ** 1-507-789-5421 OFFICE ** 1-507-951-8354 CELL ** 1-800-801-4502 OFFICE **

CHARLIE SINNWELL, LIC.#20-01 KASSON, MN ** 1-507-634-2991 OFFICE **