Tract I: 75.5 acres - 86 CSR

Tract IV: 76.5 acres - 82 CSR

Tract II: 20 acres w/ pond and Potential building site

Tract III: 3 Bedroom Home w/Buildings on 3.5 Acres m/l

Iowa County – Greene Twp – Sections 18 & 20

TO BE SOLD IN 4 INDIVIDUAL TRACTS

Tract I: 75.5 acres m/l with 73.6 acres tillable. The avg. CSR is 86.

The corn base is 34 acres with a yield of 128 bu/ acre.

The bean base is 21 acres with a yield of 31 bu/ acre.

The soil consists mostly of Mahaska, Otley & Ladoga.

This tract is tiled & terraced.

There will be a 100’x100’ easement for a septic system given to the adjoining neighbor

out of the SE corner of this Tract.

Legal description:

NW NW & NE NW excluding Parcel B, Greene Twp, Section 20, Iowa County, IA

Tract II:

20 acres m/l with large well stocked pond

surrounded with assorted Walnut, Pine & Cedar trees.

This Tract is excellent for a building site & just 1¼ from a hard surface road,

only 20-25 minutes from Iowa City.

There are 11.1 acres tillable.

The corn base is 5.1 acres with a yield of 128 bu/ acre.

The bean base is 3.2 acres with a yield of 31 bu/ acre.

Legal description:

North ½ of the SW NW, Greene Twp, Section 20, Iowa County, IA

Tract III:

3.5 acres m/l w/ home & buildings.

This acreage features an older 3 bedroom, 1½ story home, a 48’x98’ barn

w/ a 68’x128’ cement slab to the South,

a 40’x60’ Steel structured metal machine shed w/ 14’x20’ door,

a 24’x40’ wood shop, an older style 12’x18’ single garage,

a 11’6” x21’ Quonset garage /cattle/ hog shed,

2 Conrad grain bins – 5,000 bu drying & 3,300 bu w/reg floor,

2 wire corn cribs & other older out buildings-chicken shed, hog shed, wood shed, etc.

The water is supplied by a deep well w/ submersible pump.

Legal description: Parcel B in NE NW Greene Twp, Section 20, Iowa County, IA

Tract IV:

76.5 acres m/l with 75.8 acres tillable. The avg. CSR is 82.

The corn base is 34.9 acres with a yield of 128 bu/ acre.

The bean base is 21.7 acres with a yield of 31 bu/ acre.

The soil is mostly Mahaska, Otley & Ladoga.

This tract is well tiled.

Legal description:

NW SE excluding 3.01 acres & NE SE excluding ½ acre,

both in Greene Twp, Sect 18, Iowa County, IA

Note:

This farm is entered in the Counter Cyclical Program of Iowa County

OPEN HOUSE:

Mon & Tues, Dec 1^st & 2^nd from 4-6pm

TERMS:

15% down day of auction with balance due on February 12, 2009

at which time the deed & abstract will be delivered.

CLOSING:

On or before February 12, 2009

POSSESSION:

Tracts I, II & IV immediately following the harvest of the 2008 crop

subject to the Tenants rights.

TAXES:  Prorated to date of closing.

All announcements made day of auction

take precedence over previous advertising.

Russell Martin Estate:  OWNER

Executors: Mike Martin & Julie Heumphreus

Attorney: Don Diehl, 1400–5th St, Coralville, IA 52241

Auctioneer: Dwight Duwa  -  319-646-6775

Web: duwaauction.com

Not responsible in case of theft or accidents