This 3 bedroom, 1364 sq.ft. home built in 1950 features a large living room, updated eat in kitchen, updated bathroom with tiled shower & double linen closets. The breezeway leads to the attached 2 car garage. Other features include Anderson windows, full basement with washer/dryer hookups, electric heat & window air unit. Rural water. Outbuildings include a 42 x 62 Morton machine shed & a 12x12 utility shed. Approximate assessed value: $99,700.00

Tract #2 70 Acres M/L CRP ~ Hay Ground ~ Timber

FSA Information:

39.15 acres tillable of which 26.1 acres are in CRP as follows:

19.1 acres at $153.86 and expires 9/30/2016.

7 acres at $78.07 and expires 9/30/2013.

Total CRP income of $3,485 per year.

94 bushel corn yield and a 13.7 acre corn base

23 bushel bean yield and a 1.4 acre bean base

30 bushel wheat yield and a 0.3 acre wheat base

Corn suitability rating is 50.3 on entire farm

Balance of land is hay ground & timber.

Located in Sections 32 & 33, Cedar Township, Jefferson County, Iowa.

Tract #3 60 Acres M/L Tillable Farm Ground

Located 1 mile east of Tract #1 or 3 miles south of Fairfield on Hwy 1, then 3 1/2 miles east on 256th Street, which turns into Osage Avenue.

FSA Information:

45.14 acres tillable of which 9.7 acres are in CRP at $150.78 and expires 9/30/2012. Balance is timber.

94 bushel corn yield and a 14.5 acre corn base

23 bushel bean yield and a 18.1 acre bean base

30 bushel wheat yield and a 0.3 acre wheat base

Corn suitability rating is 69.4

Located in Section 28 & 33, Cedar Township, Jefferson County, Iowa.

TERMS: Tract#1 10% down payment on December 19, 2011. Tracts #2 & #3 20% down payment on December 19, 2011. Balance to be paid on or before January 19, 2012 upon delivery of merchantable abstract and deed.

POSSESSION: January 19, 2012.

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: $1,350.55

Homestead: $90.03

Net: $1,260.00 (rounded)

Tract #2

Gross: $827.97

Ag Cr: $30.76

Fam. Farm: $28.82

Net: $768.00 (rounded)

Tract #3

Gross: $532.35

Ag Cr: $19.99

Fam. Farm: $18.74

Net: $494.00 (rounded)

SPECIAL PROVISIONS

~ All tracts will be surveyed by a registered land surveyor.

~ Due to this being an estate, the seller will be exempt from all Iowa septic system laws. Any future inspections, upgrades, repairs or maintenance to the septic system will be at the buyers expense in accordance with Jefferson County & Iowa laws & regulations.

~ Termination has been served to the tenant on the tillable land.

~ It shall be the obligation of the buyer(s) to report to the Jefferson County FSA office and show filed deeds in order to receive the following if applicable: A. Allotted base acres. B. Future government programs. C. Prorate of CRP

Tract #2: 19.1 acres in CRP at $153.86 = $2,939.00 and expires 9/30/2016

Tract #2: 7 acres in CRP at $78.07 = $546.00 and expires 9/30/2013

Tract #3: 9.7 acres in CRP at $150.78 = $1,463.00 and expires 9/30/2012

~ Buyer(s) agree to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer(s) agree to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer(s) further agree to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer(s) elect to take the ground out of CRP, the buyer(s) will be responsible to the seller/tenant for any prorate of the CRP payment that the seller/tenant would have received.

~ The buyer(s) shall be responsible for any fencing in accordance with Iowa state law.

~ The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.

~ 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)

~ This real estate is selling subject to any and all covenants, restrictions and easements of record, as well as all applicable zoning laws.

~ If in the future a site clean up is required it shall be at the expense of the buyer(s).

~ The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its as is condition and there are no expressed or implied warranties pertaining to the same.

Keith & Sandra Baker Estate

Doug Baker & Sheree Clayvon Co Executors

Timothy B. Kuiken Attorney