We are pleased to present Delores Reuter Estate ± Acres Decoria Township, Blue Earth County

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1 We are pleased to present Delores Reuter Estate ± Acres Decoria Township, Blue Earth County This property to be sold by Sealed Bid Auction Owner: Delores Reuter Estate Owner s Attorney: Richard Kakeldey, Jones Law Office, Mankato, MN Date & Time: Tuesday, June 26th, 10 a.m. Location: MN National Guard, 100 Martin Luther King Jr Dr, Mankato, MN Note: See Sealed Bid Information page in the back of this brochure for more details. Only registered bidders may attend. Must be registered prior to auction date. Listing Agent: Charles Wingert, ALC Office: LAND (5263) Toll Free: LAND (5263) Direct: Auctioneer # Charles@WingertRealty.com

2 State Highway Map Minneapolis SUBJECT PROPERTY Mankato

3 Blue Earth County Minnesota SUBJECT PROPERTY

4 Decoria Township Blue Earth County SUBJECT PROPERTY

5 FSA Aerial View

6 Property Information DESCRIPTION: TAX PID #: BUILDINGS: 78.48± Acres. N½ of SE¼ Exc a Co. Hwy. Section 35. T107N-R26W (not to be used on legal documents) (Decoria Township, Blue Earth County, Minnesota) R None REAL ESTATE TAXES: Total 2018 taxes = $5, Ag Non Hmstd = $4, Special Assessments = $1, (breakdown below) CD 86 1 yr maintenance (101.73) CD 86 7 yr repair ($962.19) $5, remaining balance. Payments go until Admin costs ($77.52) NOTE: Taxes will be pro-rated the day of closing. FSA INFORMATION: Total acres = ± acres FSA Tillable acres = 77.4 ± acres Corn base acres = 50.4 ± acres Corn PLC Yield =163 ± bushels Soybean base acres = 26.6 ± acres Soybean PLC Yield = 44 ± bushels Wheat base acres = 0.4 ± acres Wheat PLC Yield = 40 ± bushels Farm Program Info - Enrolled into Agricultural Risk Coverage (ARC) County 2018 LEASE: The farm is rented at a competitive cash rental rate. NOTE: Rent will be pro-rated to the day of closing. SOIL DESCRIPTION: Minnetonka, Waldorf, Lura, Shorewood, Le Sueur. See Soils Map. CPI: Crop Productivity Index = 79.9 TOPOGRAPHY: DRAINAGE: Level to rolling Outlet: County Ditch #86. Northwest watershed outlet 8 Lateral 1I draining north. Remainder of farm drains south into 12 & 10 Branch #5. Private Tile: Mains & System tiling. See Tile Map. NRCS CLASSIFICATIONS ON TILLABLE ACRES: Exempt from conservation compliance provisions. NHEL - Non-Highly Erodible Land WINGERT REALTY & LAND SERVICES, INC. stipulates that they are representing the seller exclusively in this transaction. The information gathered for this brochure in its entirety is from sources deemed reliable, but cannot be guaranteed by Seller, Wingert Realty & Land Services, Inc., or its staff. Package is subject to prior sale, price change, correction or withdrawal. The buyer must make their own independent investigation of the property. The buyer is purchasing the property as is.

7 County Ditch # 86 Tile Map This tile map is an approximation. Wingert Realty & Land Services, Inc. does not guarantee tile maps, footage, tile condition, location, size, grade or depth. SUBJECT PROPERTY

8 County Ditch # 86 Tile Map This tile map is an approximation. Wingert Realty & Land Services, Inc. does not guarantee tile maps, footage, tile condition, location, size, grade or depth. SUBJECT PROPERTY

9 Tile Map This tile map is an approximation. Wingert Realty & Land Services, Inc. does not guarantee tile maps, footage, tile condition, location, size, grade or depth.

10 Tile Map This tile map is an approximation. Wingert Realty & Land Services, Inc. does not guarantee tile maps, footage, tile condition, location, size, grade or depth.

11 Tile Map This tile map is an approximation. Wingert Realty & Land Services, Inc. does not guarantee tile maps, footage, tile condition, location, size, grade or depth.

12 Soils Map

13 MINNETONKA SERIES - Soil # 364 Soil Descriptions WALDORF SERIES - Soil # 229 The Minnetonka series consists of deep poorly drained soils that formed in glacial lacustrine sediments on glacial lake plains and moraines. These soils have slow permeability. Their slopes range from 0 to 3 percent. Mean annaul precipitation is about 28 inches, and mean annual temperature is about 47 degrees F. TYPICAL PEDON: Minnetonka silty clay loam with a plane slope of less than 1 percent on a glacial lake plain in a cultivated field. GEOGRAPHIC SETTING: Minnetonka soils have slightly concave through slightly convex slopes on glacial lake plains and on glacial moraines that have a mantle of lacustrine sediments. Their slopes range from 0 to 3 percent. They formed in layer of clayey lacustrine deposits ranging from about 2 1/2 to 10 feet or more in thickness. These deposits typically overlie friable loam till, but in some places silty lacustrine deposits as much as 3 feet in thickness are between the clayey sediments and till. These sediments are Late Wisconsin Age. The climate is humid continental with warm summers and cold winters. Mean annual temperature is 45 to 50 degrees F, and mean annual precipitation is 25 to 30 inches. GEOGRAPHICALLY ASSOCIATED SOILS: The main ones are Barbert, Shorewood, and Lura soils which formed in sediments similar to those of the Minnetonka soils. Moderately and somewhat poorly drained Shorewood soils are on higher lying or more sloping terrain. The very poorly drained Barbert soils are in shallow depressions. The very poorly drained Lura soils are in distinct depressions. DRAINAGE AND PERMEABILITY: Poorly drained. Surface runoff is slow. Permeability is slow. The Waldorf series consists of very deep, poorly drained soils formed in lacustrine sediments on glacial lake plains and moraines. These soils have moderately slow or slow permeability. Slopes range from 0 to 2 percent. Mean annual precipitation is about 27 inches. Mean annual air temperature is about 48 degrees F. TYPICAL PEDON: Waldorf silty clay loam on a nearly level slope in a cultivated field. GEOGRAPHIC SETTING: These soils are on plane to slightly concave positions on lake plains or moraines covered by lacustrine sediments. Slope gradients are 0 to 2 percent. The Waldorf soils formed in fine or moderately fine textured lacustrine sediments that are 4 to more than 10 feet in thickness. These sediments are Late Wisconsin in age. The climate is midcontinental with warm summers and cold winters. Mean annual air temperature is about 45 to 50 degrees F. Mean annual precipitation is about 25 to 32 inches. Elevation above sea level ranges from 700 to 1200 feet. Frost-free days range from 124 to 172. GEOGRAPHICALLY ASSOCIATED SOILS: The Collinwood, Brownton, Lura, and Kamrar soils are the major ones. These soils formed in similar sediments and are members of a hydrosequence with Waldorf soils. The well-drained Kamrar soils are on backslopes, shoulders and summits. The moderately well and somewhat poorly drained Collinwood soils are on nearby low summits. The poorly and very poorly drained calcareous Brownton soils are on nearby nearly level positions on rims of depressions. Lura soils are very poorly drained and are in depression. DRAINAGE AND PERMEABILITY: Poorly drained. An apparent water table is at.5 to 1.5 feet from November to July in most years. Surface runoff is low. Permeability is moderately slow or slow

14 Soil Descriptions LURA SERIES - Soil # 211 The Lura series consists of very deep, very poorly drained and poorly drained soils that formed in clayey glacial lacustrine sediments on glacial lake plains, and ground moraines. These soils have slow permeability. They have slopes of 0 to 2 percent. Mean annual precipitation is about 28 inches. Mean annual air temperature is about 48 degrees F. TYPICAL PEDON: Lura silty clay with a concave slope of about 1/4 percent in a depression on a lacustrine-mantled ground moraine in a cultivated field. GEOGRAPHIC SETTING: Lura soils primarily are in depressions on glacial lake plains and lacustrine-mantled till plains or ground moraines, but some are along drainageways. They have slopes of 0 to 2 percent. These soils formed primarily in clayey lacustrine sediments of Late Wisconsinan Age. Calcareous loam or clay loam glacial till underlies the lacustrine sediments at depths ranging from 40 inches to 10 feet or more. Mean annual precipitation ranges from 26 to 32 inches. Mean annual air temperature ranges from 45 to 52 degrees F. Frost-free days range from 124 to 172. Elevation above sea level ranges from 700 to 1570 feet. GEOGRAPHICALLY ASSOCIATED SOILS: The Beauford, Collinwood, Guckeen, Marna, and Waldorf soils are the main ones. The poorly drained Beauford soils contain more clay than the Lura soils and are associated with them in a few places. The somewhat poorly drained Collinwood and the poorly drained Waldorf soils formed in 48 inches or more of lacustrine sediments and have sola with texture similar to that of the Lura soils. The somewhat poorly drained Guckeen and the poorly drained Marna soils formed in a mantle of clayey lacustrine sediments and have loamy glacial till within depths of 40 inches. DRAINAGE AND PERMEABILITY: Very poorly drained and poorly drained. Surface runoff is slow to ponded. Permeability is slow. An apparent seasonal high water table for the undrained phase is at 1 foot above the surface to 1 foot below at some time during November to July in most years for the very poorly drained phase and 1.0 feet to 3 feet for the poorly drained phase. SHOREWOOD SERIES - Soil # 311 The Shorewood series consists of very deep, moderately well drained and somewhat poorly drained soils that formed in a mantle of clayey glacial lacustrine sediments and underlying loamy calcareous till or that formed entirely in lacustrine sediments. These soils are in glacial lake plains and moraines. Permeability is moderately slow or slow. Slopes range from 0 to 12 percent. Mean annual precipitation is about 28 inches. Mean annual temperature is about 47 degrees F. TYPICAL PEDON: Shorewood silty clay loam with a slightly convex 3 percent slope in a cultivated field. GEOGRAPHIC SETTING: Shorewood soils have plane or slightly convex slopes on glacial lake plains and moraines. Slopes generally are about 100 to 250 feet in length with gradients of 0 to 12 percent. The Shorewood soils formed in clayey lacustrine material commonly 30 to 60 inches or more in thickness over friable loam or clay loam glacial till. In some pedons a silty layer up to 3 feet thick is between the clayey layer and the underlying deposits. Mean annual temperature is about 45 to 50 degrees F. Mean annual precipitation is about 25 to 32 inches. Frost free days range from 124 to 165. Elevations above sea level range from 900 to 1200 feet.

15 Soil Descriptions GEOGRAPHICALLY ASSOCIATED SOILS: These are the Minnetonka, Barbert, and Lura soils which are members of a hydrosequence with Shorewood soils. Poorly drained Minnetonka soils are on nearby level terrain. Very poorly drained Barbert and Lura soils are in depressions and swales. DRAINAGE AND PERMEABILITY: Moderately well and somewhat poorly drained. Surface runoff is medium. Permeability is moderately slow or slow. The perched water table for the moderately well drained phase is 2.5 to 4.0 April to June, and 1.5 to 2.5 for the moderately wet phase in most years. Le Sueur soils and are members of a hydrosequence with the Le Sueur soils. The poorly drained Cordova and Hamel soils are common associates on adjacent nearly level slopes. The well drained Lester soils are the most common associate on the undulating to gently undulating slopes. The well drained Hayden soils and the poorly drained Dundas soils are associates in some places. DRAINAGE AND PERMEABILITY: Moderately well drained. Surface runoff is slow. Permeability is moderate. An apparent water table is at 2.5 to 4 feet during November to June in most years. LE SUEUR SERIES - Soil # 239 The Le Sueur series consists of very deep, moderately well drained soils that formed in calcareous loamy glacial till on moraines. These soils have moderate permeability. Their slopes range from 1 to 3 percent. Mean annual precipitation is about 29 inches. Mean annual air temperature is about 47 degrees F. TYPICAL PEDON: Le Sueur clay loam with a 2 percent plane slope on glacial till plain in a pastured woodlot. GEOGRAPHIC SETTING: The Le Sueur soils have slightly concave, plane, or slightly convex slopes on moraines within the Des Moines lobe and Grantsburg sublobe of the Late Wisconsin glaciation. They formed in a calcareous, loamy till. Slopes range from 1 to 3 percent. Mean annual air temperature ranges from 45 to 52 degrees F. Mean annual precipitation ranges from 25 to 32 inches. Frost-free days range from 125 to 165. Elevation above sea level ranges from 700 to 1600 feet. GEOGRAPHICALLY ASSOCIATED SOILS: The main ones are the Cordova, Lester, and Hamel soils. These soils formed in materials similar to the

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18 SEALED BID AUCTION INSTRUCTIONS Sealed Bid Location and Time: MN National Guard 100 Martin Luther King Jr Dr, Mankato, MN Tuesday, June 26th, 10 a.m. Sealed Bid Instructions: 1. Only registered bidders may attend. Must be registered prior to auction date. All potential bidders shall deliver or mail a sealed bid, postmarked by Thursday, June 21, 2018 to: Wingert Realty & Land Services, Inc., Attn: Charles Wingert 1160 Victory Drive So., Suite 6, Mankato, MN **If you are unable to get postmarked bid in on time, call our office for other arrangements. 2. All bids must be accompanied by a $5,000 check for earnest money made out to Wingert Realty Trust Account. 3. The written bid shall state the total price for total deeded acres. 4. All persons submitting a written bid will be allowed to raise their bid after all bids have been opened. 5. The premises described herein will be sold in as is, where is condition 6. Seller & purchaser will prorate 2018 rent income, real estate taxes and special assessments to the date of closing. 7. The successful bidder or bidders will enter into a Purchase Agreement and shall pay as earnest money 10% of the successful bid on the day of auction. 8. A 2% Buyer Premium will be added to the final bid price to arrive at the final contract price. 9. The entire balance of the purchase price, without interest, will be due and payable on Tuesday, July 31, 2018 at which time possession and marketable title shall be conveyed. 10. All checks will be returned to unsuccessful bidder. 11. The Sellers reserve the right to reject any and all bids and to waive any irregularities in the bidding. 12. Announcements made the day of the auction take precedence over written material. For additional information, contact: Wingert Realty & Land Services, Inc. Charles Wingert, ALC, Auctioneer # (800) 730-LAND (5263), LAND (5263) or Direct

19 REGISTRATION / BIDDING FORM Bid Submitting Instructions: Write in your total price for total deeded acres for each parcel you would like to bid on Write in your name, address, telephone number and address All bids must be accompanied by a $5,000 check (this check covers any and all parcels you wish to bid on) for earnest money made out to Wingert Realty Trust Account. Only registered bidders may attend. Must be registered prior to auction date. All potential buyers shall deliver or mail a sealed bid, postmarked by Thursday, June 21, 2018 to: Wingert Realty & Land Services, Inc., Attn: Charles Wingert 1160 Victory Drive So., Suite 6, Mankato, MN If you are unable to get postmarked bid in on time, call our office for other arrangements. Refer to the Delores Reuter Estate brochure for further details concerning bidding procedures. Also available to print online: ACRES ± TOTAL BID AMOUNT (Nearest $1,000) $ NAME: ADDRESS: CITY / STATE / ZIP: CELL PHONE: ( ) /RESIDENTIAL ( ) ADDRESS:

20 WINGERT REALTY & LAND SERVICES, INC. Serving Minnesota and Northern Iowa Mankato Office: Toll Free LAND (5263) Local LAND (5263) CHARLES WINGERT, ALC PAST NATIONAL PRESIDENT OF REALTORS LAND INSTITUTE (2013) Broker Direct Line: DARRELL HYLEN, ALC Real Estate Sales & Lease Negotiation Direct Line: Auctioneer # Auctioneer # DAVID HANSON Real Estate Sales Direct Line: David@WingertRealty.com Auctioneer # Redwood Falls Office: RICHARD HAUGE, ALC & ARA Real Estate Sales & Appraisals Direct Line: Rick@WingertRealty.com Auctioneer # ALL ARE LICENSED MN REALTORS THE LAND REPORT, the magazine of the American Landowner, has named Wingert Realty & Land Services, Inc. America s Best Brokerages and Top Auction Houses in the U.S.A.! 5/29