Morland, KS 67650 - Graham County

LEGAL DESCRIPTION: SE/4 of 32-6-25

LOCATION: From the intersection of Hwy 9 & Road W12 in New Almelo, Kansas, go 7 miles South to Road Z, go 1 mile West then mile South on 120th Avenue to the NE corner of the property. SIGNS WILL BE POSTED!

MINERALS: Seller will retain of the mineral rights for a term of 15 years, or for as long as production, if any, exists, said reservation will be non-participating in lease monies, delay rentals, and bonuses, but fully participating in royalties.

CROPS: Crops are subject to the tenants rights under the Current Cash Lease Agreement. Buyer will receive 100% of the 2014 and 2015 Cash Lease Payments.

FSA INFORMATION: Cropland acres - 158.0+

Base Acres DCP Yld

Wheat 64.1 38

Grain Sorghum 29.8 40

Subject to the tenants rights under the Current Cash Lease Agreement thru 2015 at $50 per acre.

POSSESSION: Subject to the tenants rights under the Current Cash Lease Agreement.

REAL ESTATE TAXES: Taxes for 2013 and prior years will be paid by the Seller. Taxes for 2014 will be prorated to the date of closing.

(2013 taxes - $470.97)

PRICE: $500,000