TERMS: 20%
down payment on November 12, 2008. Balance to be paid on or before December
11, 2008 upon delivery of merchantable abstract and deed.
POSSESSION: December 11, 2008 subject to the lease with the tenant.
REAL ESTATE TAXES: To be prorated to date of possession on the basis
of the last available tax statement. Sellers shall pay any unpaid real estate
taxes payable in prior years.
The following real estate taxes will be used
to prorate at closing:
Gross taxes: $1,917.30
Ag. credit: $ 105.33
Net taxes: $1,812.00
Reservations: All growing crops.
SPECIAL PROVISIONS:
* This real estate is selling subject
to public road easements and all other easements of record.
* The buyers shall be responsible for any
desired fencing in accordance with Iowa state law.
* The sellers shall not be obligated to
furnish a survey.
* The buyers shall be obligated to report
to the Louisa County FSA office and show filed deed in order to participate
in all future government programs.
* If in the future a site clean up is required
it shall be at the expense of the buyers.
* The buyers acknowledge that they have
carefully and thoroughly inspected the real estate and are familiar with
the premises. The buyers are buying this real estate in its "as is"
condition and there are no expressed or implied warranties pertaining to
the same. | 
