TERMS: 20% down payment on September 25, 2010. Balance to be paid on or before October 22, 2010 upon delivery of merchantable abstract and deed.
POSSESSION : October 22, 2010
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.

Tract #1	Tract #2	Tract #3
Gross: $1226.00 Ag Credit: ($8.62) Net: $1257.00	Gross: $1391.50 Ag Credit: ($49.91) Net: $1342.00	Gross: $1534.83 Ag Credit: ($55.02) Net: $1480.00

RESERVATIONS: Lp tanks and personal property.

Special Provisions:
~ This real estate is selling subject to public road easements and all other easements of record.
~ It shall be the obligation of the buyer(s) to report to the Washington County FSA office and show filed deeds in order to receive the following if applicable:
A. Allotted base acres. B. Any future government programs.
C. Prorata share of CRP & Mid Contract Management Activities.
~ The 2010 CRP payment will go directly to the sellers. Any future payments will go to the new buyer(s).
~ Tract #1 CRP payments per year: 28.4 acres x $116.29 per acre = $3302.63 (expires 9-30-18)
~Tract #2 CRP payments per year: 66.7 acres x $116.29 per acre= $7756.54 (expires 9-30-18), 18.7 acres x $130.04 per acre= $2432.00 (expires 9-30-18), 11.4 acres x $190.00 per acre= $2166.00 (expires 9-30-21)
~ Tract #3 CRP payments per year: 28.6 acres x $116.29= $3325.89(expires 9-30-18), 28.6 acres x $190.00= $5434.00 (expires 9-30-21)
~ All tracts have been surveyed by a registered land surveyor.
~ The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.
~ If Tracts #1 & Tract #2 are sold to two different buyers, it will be the sole responsibility of the buyer of Tract #2 to get water & electricity if they so desire.
~If one buyer purchases more than one tract the seller shall only be obligated to furnish one abstract and deed. Husband & wife constitute one buyer.
~ It shall be the obligation of the buyer of Tract #1 to update the septic system according to the rules governing in Washington County. Buyer will be required to sign a Time of Transfer Inspection Waiver Binding Acknowledgement for Future Installation at time of closing of real estate. Buyer will be required to apply for a Disposal Installation Permit with the Washington County Sanitarian and agree to complete the work within 18 months of closing on the property OR if dwelling is going to be demolished the buyer will be required to sign a Time of Transfer Inspection Waiver for Building Demolition and agree to have dwelling removed within 18 months of closing on the property.
~ 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.