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LAND AUCTION 412.34 ± Acres in Three Parcels Sloan and Lake Townships, Woodbury & Monona County, Iowa Sellers: Robert P. Friis Trust Robert Michael Friis, Trustee Gertrude F. Friis Estate Robert Michael Friis & Margaret J. Copple Co-Executors Dale Smith, Attorney Monday, December 19, 2016 10:00 a.m. Sloan Community Center 428 Evans Street, Sloan, IA 51055 Auction Conducted By: Contact Russ McCall for further information at 712-423-1901 905 Iowa Avenue, Onawa, Iowa 712-423-1901 Russ & Brent McCall, Auctioneers Loretta McCall & Andrea Meyer, Clerks For Complete Details, Photos, and Maps Log Onto: www.mccallauctions.com

PROPERTY INFORMATION TRACT 1 LOCATION: Tract One: From Sloan at the Jct. of Hwy 141 and CR-K45 drive SE 0.4 miles, turn right onto Delaware Ave. and continue 0.5 miles. This location places you on the east side of the property. Tract One: The Southeast Quarter (SE 1/4) of the Southeast Quarter (SE 1/4) of Section Thirty-one (31), Township Eighty-six (86) North, Range Forty-six (46), West of the 5th P.M., in the County of Woodbury and State of Iowa. and The South Half (S1/ 2) of the Southwest Quarter (SW1 /4) of Section Thirty-two (32), Township Eighty-six (86) North, Range Forty-six (46), West of the 5th P.M., in the County of Woodbury and State of Iowa; EXCEPT All that part of the Southeast Quarter (SE 1/4) of the Southwest Quarter (SW 1/4) of Section Thirty-two (32), Township Eighty-six (86) North, Range Forty-six (46) West of the Fifth (5th) Principal Meridian, Woodbury County, Iowa, described as beginning at the South Quarter (S1/4) corner of Section Thirty-two (32), Township Eighty six (86), Range Forty-six (46), thence North Eighty-nine Degrees Nineteen Minutes Twenty Seconds (N 89 1 9'20") West along the South line of the Southwest Quarter (SW1/4) Two Hundred Sixty Feet (260.00'), thence due North Four Hundred Seventeen Feet (417.00'), thence South Eighty-nine Degrees Nineteen Minutes Twenty Seconds (S 89 1 9'20") East Two Hundred Sixty Feet (260.00') to the East line of said Southwest Quarter (SW1 /4), thence due South along said East line LEGAL DESCRIPTION: Four Hundred Seventeen Feet (417.00') to the point of beginning; and EXCEPT A parcel of land located in the Southeast Quarter (SE1/4) Southwest Quarter (SW1/4) of Section Thirty-two (32), Township Eighty-six (86) North, Range Forty-six (46) West of the 5th P.M., Woodbury County, Iowa described as follows: Commencing at the Southeast corner of the Southwest Quarter (SW1/4) of Section Thirtytwo (32), Township Eighty-six (86), Range Forty-six (46), thence North Eighty-nine Degrees Nineteen Minutes Twenty Seconds (N 89 1 9'20") West Two Hundred Sixty feet (260.00') along the South line of said Southwest Quarter (SW1 /4), thence North Zero Degrees Zero Minutes Zero Seconds (N 00 00'00") West Two Hundred Forty-seven Feet (247.00') to the Point of Beginning, thence continuing North Zero Degrees Zero Minutes Zero Seconds (N 00 00'00") West One Hundred Seventy Feet (170.00'), thence North Eighty-nine Degrees Nineteen Minutes Twenty Seconds (N89 19'20") West One Hundred Four Feet (104.00'), thence South Zero Degrees Zero Minutes Zero Seconds (S 00 00'00") East One Hundred Seventy Feet (170.00'), thence South Eighty-nine Degrees Nineteen Minutes Twenty Seconds (S 89 19'20") East One Hundred Four Feet ( 104.00') to the point of beginning.

PROPERTY INFORMATION TRACT 3 TRACT 2 Tract Two: From Sloan at the Jct. of Hwy 141 and CR-K45 drive SE 1.1 miles, turn right onto 110th St. drive 0.9 miles west, turn left Buckeye Ave. drive 0.3 miles. This location places you in the middle with the property on both sides of the road. Tract Three: From Sloan at the Jct. of Hwy 141 and CR-K45 drive SE 1.5 miles. This location places you on the west side of the property. Tract Two: The East One-half (E1/ 2) of the Northwest Quarter (NW1/4) in Section Eight (8) and the South One-half (S1/ 2) of the Northeast Quarter (NE1/4) of Section Eight (8), in Township Eighty-fi ve (85) North, Range Forty-six (46), West of the 5th P.M., in Monona County, Iowa; and The Northwest Quarter of the Northwest Quarter (NW1/4 NW1/4) of Section Eight (8), Township Eighty-fi ve (85) North, Range Forty-six (46), West of the 5th P.M., Monona County, Iowa. Tract Three: The West Half of the Northeast Quarter (W1/2 NE 1/4) of Section Four (4), Township Eighty-fi ve (85) North, Range Forty-six (46), West of the 5th P.M., Monona County, Iowa; except that part lying east of the McCandless-Cleghorn Outlet Drainage District as now (1968) established; and The South Half of the Northwest Quarter (S1/2 NW1/4) of Section Four (4), Township Eighty-fi ve (85) North, Range Forty-six (46) West of the 5th P.M., Monona County, Iowa; except the Railroad Right-of-Way, the Public Highways, and that part of the Southwest Quarter of the Northwest Quarter (SW 1/4 NW 1I4) lying South and West of the Right-of-Way of the Chicago & Northwestern Railway. Tract 2, looking west Tract 3, looking east

REAL ESTATE TAX Tract One: Annual Tax - $2,518.00 Drainage - $345.15, Taxable Acres 113.10 Tract Two: Annual Tax - $3,576.00 Drainage - $260.00, Taxable Acres 192.18 Tract Three: Annual Tax - $2,528.00 Drainage - $82.00, Taxable Acres 107.06 FSA DATA Tract One: Farm Tract 7260 Crop Acres: 110.70 Corn Base: 54.6 Ac. Corn PLC Yield: 149 Bu. Bean Base: 55.7 Ac. Bean PLC Yield: 42 Bu. Tract Two: Farm Tract 2156 and 2168 Crop Acres: 192.90 Corn Base: 97.7 Ac. Corn PLC Yield: 149 Bu. Bean Base: 95.2 Ac. Bean PLC Yield: 42 Bu. Tract Three: Farm Tract 7261 Crop Acres: 96.01 Corn Base: 48.6 Ac. Corn PLC Yield: 149 Bu. Bean Base: 47.4 Ac. Bean PLC Yield: 42 Bu.

SOIL TYPES/PRODUCTIVITY Tract One: Primarily Luton silty clay and Woodbury silty clay. See soil map for detail. CSR2: 67.4 per 2016 CSR: 46.3 per 2016 Tract Two: Primarily Luton silty clay and Woodbury silty clay. See soil map for detail. CSR2: 58.6 per 2016 CSR: 41.7 per 2016

SOIL TYPES/PRODUCTIVITY Tract Three: Primarily Luton silty clay and Blencoe silt clay. See soil map for detail. CSR2: 69 per 2016 CSR: 52.4 per 2016 GRAIN BINS/IMPROVEMENTS Tract One: 3 Grain Bins 8,200 Bu., 10,000 Bu., and 11,000 Bu. Annual rent of $2000 paid after 2017 harvest if used. Tract 1, looking west

AUCTION INFORMATION Method of Sale Property will be offered as three individual Tracts. Bids will be $/acre using a multiplier of 113.10 Acres for Tract One and $/acre using a multiplier of 192.18 for Tract Two and $/acre using a multiplier of 107.06 for Tract Three Sellers reserve the right to refuse any and all bids. Attorney Dale Smith Ph. 712-428-3822 Agency McCall Auctions and Real Estate and their representatives are Agents for the Sellers. Terms 10% down payment required the day of the sale. Successful bidders are purchasing with no fi nancing contingencies and must be prepared for cash settlement of their purchase on or before January 31, 2017 or after any objections to title have been cleared. Final settlement will require certifi ed funds or wire transfer. Possession will be given at settlement subject to the existing Farm Lease which expires March 1, 2018. Taxes will be prorated to Date of Closing. The Cash Rent of $250.00 x s Cropland Acres will be assigned to the buyers of the farmland receiving fi rst payment on March 1st and second payment on September 1st 2017. The following totals apply: $27,675 for Tract One, $48,225 for Tract Two, and $24,000 for Tract Three. Announcements Property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the properties is made by the Sellers or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the properties. The information contained in this advertising is believed to be accurate but is subject to verifi cation by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Sellers and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person s credentials, fi tness, etc. All decisions of the Auctioneer and Sellers' at the auction are fi nal.