LINCOLN COUNTY SD LAND AUCTION

Offering 83.26 Acres of Extremely Well Located and Productive Lynn Twp., Lincoln County SD Cropland which is Virtually All Tillable

with 1 Rural Housing Eligibilities Adjacent to City of Worthing SD Along Louise Ave (472^nd Ave.)

We will offer the following real property located adjacent to the north boundary of Worthing SD, or just 1/4 mile north of the 4-way stop sign; or 9 1/2 miles south of 85^th Street in Sioux Falls on Louise Ave. (472^nd Ave.); or from I-29 Exit #64 (Worthing Exit), 1 1/2 miles east, 1/4 mile north.

THURSDAY FEBRUARY 16^TH, 2012 10:00AM

This parcel of land offers an opportunity to purchase some very productive and virtually all tillable cropland within Lynn Twp., Lincoln County SD adjacent to a hard surface road and the City of Worthing with great access to I-29 which has been in the Davies Family for over 100 years. According to County FSA information before surveying, this farm showed 82.7 acres of cropland having a corn base of 53.1 acres with both 83 bu. direct and counter-cyclical yields and a soybean base of 29.0 acres with 34 bu. direct and c-c yields. The primary soils found according to the County Assessor’s Office are Wentworth-Chancellor, Chancellor-Tetonka, Tetonka silty clay loams with Egan-Shindler complex, Class I and II soils comprising a .848 soil rating. The topography of the land is level to slightly rolling and contains one rural housing eligibility. Additionally the fall tillage on this farm is completed and will pass with the land at “no cost” to the buyer. The County Highway Supervisor has approved one access driveway off of 472^nd Ave. If you are in the market for good productive cropland; whether adding to an existing farm operation or a land investment opportunity, be sure to inspect this choice property with excellent location and then attend this auction. For further inquires contact the Auctioneers.

Legal Desc: Southeast 1/4 lying North of the RR except Tract 1 of Davies Addition (new platting), Section 5, Twp. 98, R. 50 (Lynn Twp.), Lincoln County, SD

Terms: CASH. A 15% non-refundable earnest money payment day of sale with balance due on or before March 15^th, 2012 with full possession. A warranty deed will be conveyed and an owner’s title policy provided with the cost of the policy and the closing agent’s fee (Lincoln County Title) split 50/50 between buyer and seller. All the 2011 real estate taxes payable in 2012 will be paid by the seller. Property has been surveyed at the seller’s expense and is sold according to the surveyed acres. Licensees in this transaction are acting solely as agents for the seller. Property is being sold in “AS IS” condition and subject to any existing easements, restrictions, reservations or highways of record, if any. Property sold subject to confirmation of the owners.

JAMES and KRISTIE DAVIES, OWNERS

Tom Souvignier, RE Auctioneer & Broker Assoc., Canton SD (605) 987-2404

Chuck Sutton, Auctioneer & Land Broker, Sioux Falls SD (605) 336-6315

Ted Souvignier, RE Auctioneer & Broker Assoc., Canton SD (605) 660-3962