TERMS: 10% down payment on June 25, 2009. Balance to be paid on or before July 24, 2009 upon delivery of merchantable abstract and deed.
POSSESSION: July 24, 2009.
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.

INCLUSIONS: LP tank, Dishwasher, Apt. size stove, Water softener, Hanging heater, Work bench & table in garage.
RESERVATIONS: All personal property.

THE FOLLOWING TAXES WILL BE USED TO PRORATE AT CLOSING:
Gross taxes: $1990.67
Homestead: $98.99
Net taxes: $1892.00 (rounded)

Assessed Value: $174,370.00

SPECIAL PROVISIONS:
~ This real estate is selling subject to public road easements and all other easements of record.
~ Due to Iowa's new Septic Tank Inspection Law the seller will bring the system up to code prior to closing.
~ If in the future a site clean up is required it shall be at the expense of the buyer.
~ 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 "as is" condition and there are no expressed or implied warranties pertaining to the same.