TERMS: 20% down payment on October 17, 2009. Balance to be paid on or before November 15, 2009 upon delivery of merchantable abstract and deed.
POSSESSION: Tract #1 November 15, 2009. Tract #2- November 15, 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.

The following taxes are approximate and will be used to prorate at closing.
Tract #1: Gross Taxes: $1943.51
Ag Credit: $28.23
Net Taxes: $1915.00 (rounded)

Tract #2: Gross Taxes: $488.21
Homestead Credit: $86.45
Net Taxes: $401.00 (rounded)

Reservations on Tract #1: All growing crops.
Inclusions on Tract #2: 500 gallon LP tank, stove, refrigerator.
Reservations on Tract #2: All growing crops.

SPECIAL PROVISIONS:
~ This real estate is selling subject to public road easements and all other easements of record.
~ If one buyer purchases both tracts the sellers shall only be obligated to furnish one abstract and deed. Husband and wife constitute one buyer.
~ It shall be the obligation of the buyer of Tract #1 & Tract #2 to report to the Johnson County FSA office and show filed deeds in order to receive the following if applicable:
A. Allotted base acres.
B.Pro rata share of CRP.
C. Any future government programs.
~ Sellers will not be responsible for surveying Tract #1. Tract #2 has been surveyed by a registered land surveyor. (copy of survey available upon request)
~ The buyer of Tract #2 shall reimburse the seller for the remaining gas in the LP gas tank at the current rate on the day of closing.
~ The buyer of Tracts #1 shall be responsible for any fencing in accordance with Iowa state law. The buyer of Tract #2 shall be responsible for any perimeter fencing.
~ 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 its "as is" condition and there are no expressed or implied warranties pertaining to the same.