REAL ESTATE AUCTION

158.0 ACRES

SW1/4 OF SECTION 8-T122N-R62W

GEM TWP, BROWN COUNTY, SOUTH DAKOTA

Thursday, March 1, 2007 – 10:30 am

Eagles Club – 316 S. 2nd St. Aberdeen, South Dakota

High quality farm land located in fertile Jim River Valley region. See property information packet attached for aerial, soils and bases. Plan to attend this auction!

TERMS:  Successful bidders will deposit 5% irrevocable earnest money on sale day with balance due in certified funds upon closing, within approximately 30 days.  Buyer will receive possession at closing.  Property is selling without Buyer contingency of any kind, have financial arrangements secured prior to bidding.  The cost of owner’s title insurance policy and closing fees will be split equally between the buyers and sellers.  Clark Title Escrow will be the closing agent.  CenDak Realty Inc. and associates are acting as agent for the seller exclusively.  The seller reserves the right to accept or reject any or all bids.  Property is offered subject to easements, restrictions and/or reservations of record. Announcements made on sale day will take precedence over printed material.

BASES, TAXES AND OTHER FEATURES

The Brown County FSA Office, Brown County Assessor, Brown County Treasurer, U.S. Dept. of the Interior, Fish and Wildlife Service and other reliable persons, have given this information to CenDak Realty Inc.  It is the buyer’s responsibility to research all information to his or her own satisfaction.

For more information, contact:

CenDak Realty, Inc.

1205 6th Ave. SW, Ste 3, Aberdeen, SD 57401

Office: (605) 725-7000 - Toll Free (888) 856-2027

Website:  www.cendak.com

    Jim Thorpe                              Marv Siebrecht                               Scott Hartog

Broker/Auctioneer                       Listing Broker                               Broker Associate

    605-216-7776                           605-380-6490                                605-460-0101