Auction Note

LAND AUCTION 480 Acres – Rolette County, ND Thursday, September 26, 2013 – 7:00 p.m. (CT)     Auction Location:  Cobblestone Inn & Suites - Rugby, ND    Auction Note:  This property features 390 acres of potential farmland currently in CRP contracts (One of the CRP contracts expires in 2013).  This is good potential farmland with CRP income and excellent hunting.    Contact:  Kevin Pifer at 701-238-5810 for more information, or Pifer’s Auction & Realty at 877.700.4099 for a complete catalog.    Driving Directions: (PARCEL 1) - From Rolette, ND at the intersection of ND HWY #66 and Co. HWY #15: Drive 6 miles north on HWY #15.  The property is on the west side of the highway.  (PARCEL 2) – From Rolette, ND: Drive east 4 miles on ND HWY #66, then north on 42nd Ave NE for 2 miles, then east on 88th St. NE for ½ mile. (PARCEL 3) -  From Rolette, ND: Drive east 6 miles on ND HWY #66, then north on 44th Ave NE for 2 miles, then west on 88th St. NE for 1 mile.                 Property Information:           PARCEL ONE Acres: 160 +/- Legal:  NE¼ 28-161-71 FSA Cropland: 125.19 +/- acres (currently in CRP) CRP: 125.1 acres   #962A: 20.8 acres at $28.96/ac. = $602.00 – Expires: 9/30/2014   #1138: 34.0 acres at $27.00/ac. = $918.00 – Expires: 9/30/2015   #1473: 70.3 acres at $27.15/ac. = $1,909.00 – Expires: 9/30/2017 Taxes (2012):  $375.00       PARCEL TWO           PARCEL TWO Acres: 160 +/- Legal: NE¼ 18-160-70 Cropland/CRP: 125.5 acres (estimate) FSA Cropland: 265.41 acres (PARCELS 2 & 3 COMBINED) CRP: 221 .7 acres (PARCELS 2 & 3 COMBINED)   #1474: 221.7 acres at $37.47/ac. = $8,307.00 – Expires: 9/30/2022 Taxes (2012): $834.11       PARCEL THREE           PARCEL THREE Acres: 160 +/- Legal: NW¼ 17-160-70 Cropland/CRP: 139.9 acres (estimate) FSA Cropland: 265.41 acres (PARCELS 2 & 3 COMBINED) CRP: 221 .7 acres (PARCELS 2 & 3 COMBINED)   #1474: 221.7 acres at $37.47/ac. = $8,307.00 – Expires: 9/30/2022     #1054A: 43.7 acres at $33.33/ac. = $1,456.52/yr. - Expires: 9/30/2013 Taxes (2012): $896.29           OWNER:  Keith Magnusson & James Magnusson   This sale is managed by Pifer’s Auction & Realty, Kevin Pifer, ND #715. All statements made the day of the auction take precedence over all printed materials.  This property is subject to prior sale. The seller reserves the right to accept or reject any and all bids.   PARCEL ONE