TERMS: 20% down payment on October 22, 2008. Balance to be paid on or before November 21, 2008 upon delivery of merchantable abstract and deed.
POSSESSION: Tract #1: November 21, 2008. Tract #2: November 21, 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. Seller shall pay any unpaid real estate taxes payable in prior years.

Reservations: LP tank is leased. All unattached personal property.

Tract #1 Taxes:
Gross Taxes: $4,197.01
Ag Credit: $ 11.43
Net Taxes: $4,186.00

Assessed Value on Tract #1: $190,924.00

Tract #2 Taxes:
Gross Taxes: $ 313.84
Ag. Credit: $ 17.85
Net taxes: $ 296.00

Special Provisions:
*This real estate is selling subject to public road easements & all other easements of record. There is a perpetual easement on Tract #1 for the purpose of ingress and egress for the adjoining land owner to the north.
* If in the future a site clean up is required it shall be at the expense of the buyers.
* The buyers of Tract #1shall be responsible for any perimeter fencing. The buyers of Tract #2 shall be responsible for any desired fencing in accordance with Iowa state law.
* The buyer shall reimburse the seller for the remaining gas in the LP tank at the current rate on the day of closing.
* Sellers shall not be obligated to furnish any surveys.
* It shall be the obligation of the buyers of Tract #2 to report to the Henry County FSA office and show filed deed in order to participate in all future government programs.
* It shall be the obligation of the buyers of Tract #2 to serve termination to the tenant prior to September 1, 2009 if they so desire.
* The buyers acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyers should verify the information to their satisfaction. The buyers are buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.