DALLAS COUNTY ACREAGE SALE 44.5 Acres M/L, 20.1 Acres M/L Cropland FREDRIC MESSAMER LAND Location N Ave., Dallas Center, IA On West side

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1 DALLAS COUNTY ACREAGE SALE 44.5 Acres M/L, 20.1 Acres M/L Cropland FREDRIC MESSAMER LAND Location N Ave., Dallas Center, IA On West side Hwy 169, 4.5 miles North of Adel Offered in parcels. Parcel 1 (30 m/l acres) is agricultural or commercial or development land. Parcel 2 (15 m/l acres) is scenic timber along two sides of the Raccoon River that could make a beautiful place for a home. All zoned as agriculture. To obtain bid forms and for further information contact: Jim Van Werden or Adam Doll, Hopkins & Huebner, P.C., 1009 Main Street, Adel, IA (515) You can also view sales packet online at Written bids must be submitted by November 16, 2018.

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3 Dallas County, IA Overview Legend Parcels 423 ft

4 Dallas County, IA Overview Legend Parcels 212 ft

5 Dallas County, IA Overview Legend Parcels 211 ft

6 FREDRIC MESSAMER ESTATE LAND DALLAS COUNTY, IOWA Parcel 1 The South 15 ¾ Acres of the Northwest Quarter (NW ¼) of the Southwest Quarter (SW ¼) and the North 15 Acres of the Southwest Quarter (SW ¼) of the Southwest Quarter (SW ¼) of Section 5, Township 79 North, Range 27 West of the 5th P.M., Dallas County, Iowa, subject to a non-exclusive right-of-way for ingress, egress and utilities over and across the North 50 feet of the South 15 ¾ Acres of the Northwest Quarter (NW 1/4) of the Southwest Quarter (SW 1/4) of Section 5, Township 79 North, Range 27 West of the 5th P.M., Dallas County, Iowa Cropland Acres Parcel 1 Avg. CSR Parcel 1 Corn Base Acres Corn Direct/CC Yield Soybean Base Acres Soybean Direct/CC Yield Estimated Taxes Parcel Parcel Total 20.1 M/L 85 M/L See attached USDA/FSA farm record* See attached USDA/FSA farm record* See attached USDA/FSA farm record* See attached USDA/FSA farm record* $ 1, $ $ 1, *Owners of the Fredric Messamer Land have authorized the United States Department of Agriculture to answer any inquiries regarding the Messamer land.

7 FREDRIC MESSAMER ESTATE LAND DALLAS COUNTY, IOWA Bidders are to ascertain for themselves the accuracy of the foregoing information and not to rely on the foregoing information unless verified by bidder.

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9 Dear Prospective Bidder: RULES ON BIDDING (Fredric Messamer Land, Dallas County, Iowa) Please be advised the following rules will be followed for the sale of property described on the attached page: 1. You should submit all bids on the forms provided by James E. Van Werden or Adam Doll, Hopkins & Huebner, P.C., 1009 Main Street, Adel, Iowa Written bids will be accepted through the 16 th day of November, You should inspect the property before placing a bid. The property is being sold in asis condition and therefore you are encouraged to inspect it before placing a bid. Prospective buyers are responsible for their own research. The house on Parcel 1 might have some asbestos and is considered uninhabitable, unrepairable, and should be destroyed by Buyer. Announcements made at the bid-off take precedent over any advertised or printed materials. 3. Please use the Bid Offer form if you wish to place a bid on the property. 4. The written bids will be opened shortly after the 16 th day of November, The high bidders will be notified of the time and place of the bid-off. At the bid-off, each bidder will be informed of the high bid submitted and each bidder may raise his/her bid in the presence of the others. 5. The farm shall be sold in parcels as shown by the bidding forms. Parcels 1 and 2 will be sold separately. 6. The land shall be sold to the highest bidder or bidders. Michelle Johnson and Travis Messamer, co-executors, retain the right to refuse any and all bids. 7. Tentative bid-off date to be November 28, Highest bidders or bidders agents must be present at bid-off. 8. The seller will furnish an abstract of title to the property described above and will convey said property by Court Officer s Deed. You should further be advised that the above rules attempt to apply a fair and orderly manner of sale while obtaining the highest bid for the property. Page 1 of 1

10 BIDS ON REAL ESTATE (Estate of Fredric Messamer Land, Dallas County, Iowa) To: Michelle Johnson and Travis Messamer, Co-Executors of the Fredric R. Messamer Estate, THE UNDERSIGNED (herein designated as Bidder) hereby offers to buy real estate situated in Dallas County, Iowa described as follows: PARCEL 1: Front 30 m/l acres The South 15 ¾ Acres of the Northwest Quarter (NW ¼) of the Southwest Quarter (SW ¼) and the North 15 Acres of the Southwest Quarter (SW ¼) of the Southwest Quarter (SW ¼) of Section 5, Township 79 North, Range 27 West of the 5th P.M., Dallas County, Iowa, subject to a non-exclusive right-of-way for ingress, egress and utilities over and across the North 50 feet of the South 15 ¾ Acres of the Northwest Quarter (NW 1/4) of the Southwest Quarter (SW 1/4) of Section 5, Township 79 North, Range 27 West of the 5th P.M., Dallas County, Iowa *(see paragraph 15) Together with any easements and servient estates appurtenant thereto, but with reservations and exceptions only as follows: a.) b.) c.) title shall be taken subject to applicable zoning restrictions; And subject to any reasonable, customary, and appropriate restrictive covenants as may be shown of record; And subject to easements of record. For the total sum of $ payable at the office of James E. Van Werden or Adam Doll, Hopkins & Huebner, P.C., 1009 Main Street, Adel, IA 50003, or at such other place as designated by James E. Van Werden or Adam Doll. PARCEL 2: Back 15 m/l acres The South One-half (S ½) of the Northeast Quarter (NE ¼) of the Southeast Quarter (SE ¼) except the North approximate 148 feet thereof (the line of said parcel is an extension of the North line of parcel 1 above) and a nonexclusive easement for ingress and egress and utilities over the North 50 feet of parcel 1 subject to a non-exclusive easement over a 50 feet by 50 feet easement for ingress and egress in the Northeast Corner thereof of Section 6, Township 79 North, Range 27 West of the 5th P.M., Dallas County, Iowa * (see paragraph 15) Together with any easements and servient estates appurtenant thereto, but with reservations and exceptions only as follows: a.) b.) title shall be taken subject to applicable zoning restrictions; And subject to any reasonable, customary, and appropriate restrictive covenants as may be shown of record; 1

11 c.) And subject to easements of record. For the total sum of $ payable at the office of James E. Van Werden or Adam Doll, Hopkins & Huebner, P.C., 1009 Main Street, Adel, IA 50003, or at such other place as designated by James E. Van Werden or Adam Doll. 1. BID PAYMENT, DOWN PAYMENT AND SETTLEMENT PAYMENT: Each bidder must submit a payment of $2,000 with the bid(s), payable to Hopkins & Huebner, P.C., Escrow Agents for sellers. This payment will be held by the escrow agents pending the final bidoff. If the bidder is not a successful bidder, the $2,000 will be promptly returned. If the bidder is a successful bidder, the $2,000 will be applied to the down payment. A successful bidder will be required to provide a down payment of 5% of the total purchase price on the day of the bid-off, wired by Federal Reserve System wired funds to the account of James E. Van Werden or Adam Doll, Hopkins & Huebner, P.C., escrow agents. The balance of the purchase price shall be similarly paid on or before the tentative closing date of December 21, TAXES. Seller shall pay their prorated share, based upon the date of possession, of the real estate taxes for the fiscal year in which possession is given. 3. SPECIAL ASSESSMENTS. Seller shall pay all installments of special assessments which, if not paid, would become delinquent the year this offer is accepted, and all prior installments thereof. All other special assessments shall be paid by Buyer. 4. CLOSING AND POSSESSION. Closing shall be on or before December 21, If Buyer timely performs all obligations, then Seller shall deliver possession of said property to Buyer on the date of closing. 5. PURCHASE PRICE. It is agreed that at time of settlement, funds of the purchase price may be used to pay taxes, other liens, and to acquire outstanding interests, if any, of other parties. 6. ABSTRACT OF TITLE. Seller shall promptly continue and pay for the abstract of title to and including date of acceptance of this offer, and deliver to Buyer for examination. The abstract shall become the property of the Buyer when the purchase price is paid in full, and shall show merchantable title in conformity with this agreement, the land title law of the State of Iowa and Iowa Title Standards of the Iowa State Bar Association. 7. DEED. Upon payment of purchase price, Seller shall convey title by Court Officer s Deed, with terms and provisions as per form approved by the Iowa State Bar Association, free and clear of liens and encumbrances, reservations, exceptions or modifications except as in this instrument otherwise expressly provided. 2

12 8. TIME OF THE ESSENCE. Time is of the essence in this Agreement. 9. REMEDIES OF THE PARTIES - FORFEITURE - FORECLOSURE: a) If Buyer fails to fulfill this agreement, the Seller may forfeit the same as provided in the Code of Iowa, and all payments made hereunder shall be forfeited. b) In addition to the foregoing remedies, Buyer and Seller each shall be entitled to any and all other remedies, or actions at law or in equity, including foreclosure, and the party at fault shall pay costs and attorney fees, and a receiver may be appointed. 10. CONTRACT BINDING ON SUCCESSORS IN INTEREST. This contract shall apply to and bind the successors in interest of the respective parties. 11. CONDITION OF PROPERTY. Buyer is purchasing this property as is. The property including building, grounds, and all improvements, will be preserved by the Sellers in its present condition until possession, ordinary wear and tear excepted. Sellers make no warranties, expressed or implied, as to the condition of the property. 12. FENCE. Successful bidder agrees if a fence is required by either the bidder or the adjoining land owner, the bidder shall install his portion of a boundary fence pursuant to the laws of the State of Iowa, using the commonly accepted right hand rule. 13. PURCHASE AGREEMENT. The final successful bidder and the Seller will enter into a real estate contract incorporating paragraphs 2 through 17 of this bid form, as well as the final price for the property. north. 14. SURVEY. Seller shall provide a surveyed line to divide Parcel 2 from the property to the 15. EASEMENT. A nonexclusive 50 foot easement across the north side of Parcel 1 for ingress and egress and utilities. 16. HOUSE. The house on Parcel 1 might have some asbestos and is considered uninhabitable, unrepairable, and should be destroyed by Buyer. 17. ORDER OF SALE. The bidding on Parcel 1 (the front 30 m/l acres) will be first. The bidding on parcel 2 (the back 15 m/l acres) will be second. 3

13 BIDDER: ADDRESS: TELEPHONE NO. Home: Work: 4