TERMS: 20% down payment on February 2, 2012. Balance to be paid on or before March 2, 2012 upon delivery of merchantable abstract and deed.
POSSESSION: March 2, 2012 (Subject to tenant's lease. Buyer will receive entire 2012 cash rent)
REAL ESTATE TAXES: Seller will be responsible for all real estate taxes through December 31, 2011. Buyer will be responsible for all real estate taxes thereafter.

The following taxes are approximate and will be used at closing.

Gross Taxes:	$1,705.49
Ag. Credit	$78.75
Net:	$1,628.00 (rounded)

SPECIAL PROVISIONS:
~ The farm is rented for the 2012 crop year and the tenant will pay the buyer the entire cash rent on or before September 1, 2012. The lease states: The tenant will pay 90% of the average of the 2012 per acre crop year leases for Louisa County for the high quality third as reported by the Iowa State University Extension service Cash Rental Rate Survey. Rate to be multiplied by 72 acres. (Last years cash rent was $223.20/acre.) *Copy of lease available*
~ It shall be the obligation of the buyer to serve termination to the tenant, prior to September 1, 2012, if so desired.
~ It shall be the obligation of the buyer to report to the Louisa County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Future government programs.
~ The seller shall not be obligated to furnish a survey.
~ This property lies within the Yellow Springs Wind Farm Project boundaries. (The project is in the development stages) Questions? Contact Ashlee French, Land Acquisition Specialist @ 612-616-0482
~ This real estate is selling subject to any and all covenants, restrictions and easements of record, as well as all applicable zoning laws.
~ There is a 220' easement in width over and along the existing driveway through the property of the adjoining land owner giving access to said farm being sold.
~ The adjoining land owner gives rights to obtain water from the well located on their property for use in livestock and farming except irrigation. Also giving right to place a waterline from the well to said farm being sold at buyers expense.
~ The buyer shall be responsible for any fencing in accordance with Iowa state law.
~ The buyer shall be responsible for installing his/her own entrances if needed or desired.
~ If in the future a site clean up is required it shall be at the expense of the buyer.
~ The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.