40th Rd & Cloud Co Line, Delphos, KS 67436 - Cloud County

LEGAL: Northwest Quarter (NW/4) Section 35, Township 8 South, Range 5 West, Cloud County, KS

SOLOMON RIVER BOTTOM LAND – PASTURE – SPRING FED CREEK/POND

OTTAWA and CLOUD COUNTY, KANSAS

AUCTION: June 8, 2010, 7:00 pm

AUCTION LOCATION: Delphos Senior Citizens Center, 203 N Washington, Delphos, KS

DIRECTIONS: From Delphos, KS: 3 miles west on Volunteer Rd to 50th Road, 2 miles north to Cloud County line, 1 mile west to 40th Rd, 1/2 mile north

TOTAL ACRES: 158.8± Acres

TILLABLE ACRES: 158.8± Acres

FSA BASES/YIELDS:

Wheat: 121.2 acres, 35 bu/ac direct yield, 44 bu/ac CC yield

Grain Sorghum: 17.9 acres, 47 bu/ac direct yield, 67 bu/ac CC yield

Sunflowers: 3.4 acres, 1478 lbs/ac direct yield, 1728 lbs/ac CC yield

Soybeans: 12.6 acres, 29 bu/ac direct yield, 35 bu/ac CC yield

SOIL TYPE: McCook silt loam, Detroit silty clay loam, Hord silt loam (Class I); approx 3.7 acres Sutphen silty clay (Class II)

2009 TAXES: $1,470.30

EARNEST DEPOSIT: 10% of Contract Purchase Price due day of Auction

POSSESSION: Possession shall be at closing subject to current verbal tenant lease.

CROP SHARE: Purchaser shall receive landowner’s 2/5 share of 2010 wheat and soybean crop and equivalent FSA payment. At closing, Purchaser shall reimburse Seller for landowner’s 2/5 share of fertilizer & chemical applied to 2010 crop. Purchaser shall be responsible for landowner’s 2/5 share of fertilizer & chemical for 2010 soybean and 2011 crops, plus crop/hail insurance premiums. At closing, Purchaser shall pay crop/hail insurance premiums.

TAXES: Seller shall pay 2009 taxes and prior years. Purchaser shall pay 2010 taxes.

MINERALS: Minerals are believed to be intact; all Seller-owned minerals shall be conveyed to Purchaser(s) at closing.

CLOSING: Closing shall occur on or before July 8, 2010

TITLE INSURANCE / ESCROW CLOSING: Costs shall be shared equally; Cloud County Title, Concordia, Kansas, has prepared preliminary title commitment and will handle closings.