Land Lease Auction

920 Acres - Nelson and Ramsey Counties

Tuesday, December 11^th, 2007 – 11:30 a.m.

Auction Location:

Sunlac Inn, Lakota, ND

Auction Note:  This property features 874.9 acres of excellent crop land with good soils and high productivity in Ramsey and Nelson Counties, North Dakota.  This property is contiguous and is located approximately five miles west of Laktoa, ND.

Driving Directions (Nelson County, ND):  From the intersection on ND Hwy 2 and ND Hwy 1 at Lakota, ND proceed West 4.5 miles on Hwy # 2 then ½ mile south on County #23. This will bring you to the NE Corner of Section 36 Ramsey County.  Proceed ½ mile south, ¼ mile west, and one mile south, this will put you between Sections 2 & 11 in Nelson County.

Driving Directions (Ramsey County, ND):  From Bartlett, ND proceed ½ mile West then South ½ mile on County #23. This will bring you to the NE Corner of Section 36 Ramsey County.  Proceed ½ mile south, ¼ mile west, and one mile south, this will put you between Sections 2 & 11.

Parcel Information:

Acres:            920 +/-

Legal:            SW ¼ 36-153-61 (Ramsey County)

                        NE ¼ NW ¼ ; S ½ NW ¼ ; S ½ 2-152-61;

                        N ½ 11-152-61 (Nelson County)

Terms:

• 3 year contract
• Payments due:
  • April 1 and November 1 of each year, equal payments

Metcalf-Frost Farm, Owners

This sale is managed by Pifer's Auction Company, Kevin Pifer, ND #715. All statements made the day of the auction take precedence over all printed materials.  The seller reserves the right to reject or accept any and all bids