Montezuma, KS 67867 - Gray County

LEGAL DESCRIPTION: NE/4 OF 26-27-29\

LOCATION: From the intersection of Hwy 56 and Road 12 at Montezuma, Kansas, go 5 miles North to the SE corner of the property.

CROPS: There are no growing crops.

FSA INFORMATION:

Irrigated acres 120.0

Dryland acres 23.1+

CRP acres - 14.2

Base Acres DCP Yld

Wheat 4.0 41

Corn 123.4 81

Sorghum 4.0 81

All FSA payments associated with the 2013 crop year, if any, will follow the crops.

CRP INFORMATION: There are 14.2 acres currently enrolled in the CRP program through 9/30/26 at $36 per acre for a total annual payment of $511. Buyer will receive the landlords 50% share of the 2013 CRP payment which will accrue from October 1, 2012, through September 30, 2013.

POSSESSION: Date of closing, subject to the tenants rights, if any.

MINERAL RIGHTS: Seller will retain of the mineral rights for a term of 10 years, with said reservation to be non-participating in lease monies, delay rentals and bonuses, but fully participating in royalties.

REAL ESTATE TAXES: Seller will pay taxes for all of 2012 and prior years. Taxes for 2013 will be the responsibility of the Buyer. (2012 taxes = $1,666.54)

PRICE: $596,000

WATER RIGHT INFORMATION: This land has one irrigation well covered under Water Right File #21585 and is permitted for 260 AF at 905 GPM. The well was test pumped on Jan. 19th by Dunham Drilling of Copeland with the following results: 750 GPM, 250 well depth and 180 static water level. A copy of the well test is available.

IRRIGATION INFORMATION: The sprinkler and motor are the property of the tenant and are not included in the sale.