4-H BUILDING, Tribune, KSGreeley County

LEGAL DESCRIPTION: SE/4 OF 26-16-43

LAND LOCATION: From the intersection of Hwys 96 and 27 in Tribune, KS, go 13 miles North to Road D (Oxtown Feeders Rd), 15 miles West to Road 1, then 1½ miles South to the NE corner of the property. SIGNS WILL BE POSTED!

MANNER OF SALE: This real estate will be offered in one tract. Auction procedure and increments of bidding are at the discretion of the auction company.

TERMS: 10% down day of sale, with the balance to be paid on or before August 26, 2010, or upon such terms as may be acceptable to the Sellers. Personal and corporate checks are acceptable for the down payment with the final payment to be made in certified funds. All funds will be held by the auction company in their trust account or by an identified title/escrow company. Bidding is not contingent upon financing. Financing, if necessary, needs to be arranged and approved prior to the auction. Announcements made day of sale take precedence over printed material and previously made oral statements.

MINERAL RIGHTS: Mineral rights are believed to be 100% intact per research by Greeley County Abstract and Title, Inc., and all of the Sellers’ interest will transfer to the Buyer at closing.

CROPS: Sellers will retain 100% of the 2010 wheat crop.

FSA PAYMENTS: Cropland acres - 161.5

BASE ACRES DCP YIELD

Wheat 85.5 31

Grain Sorghum 17.1 32

Buyer will receive 100% of all FSA feed grain payments associated with the 2010 crop year. Sellers will retain 100% of all FSA wheat payments associated with the 2010 crop year.

CLOSING: Closing will be on or before August 26, 2010.

POSSESSION: Date of closing, with the Buyer having the right to enter upon full execution of contract and payment of the earnest money deposit for general farming purposes.

REAL ESTATE TAXES: Sellers will pay taxes for 2009 and prior years. Taxes for 2010 will be prorated to the date of closing. (2009 Taxes = $283.25)

EVIDENCE OF TITLE: Sellers will provide title insurance to the Buyer in the amount of the purchase price with the premium to be paid one-half by the Buyer and one-half by the Sellers. Title evidence will be provided on sale day.

ACCEPTANCE OF BIDS: The successful bidder will be required to enter into a Farm & Ranch Real Estate Purchase Contract immediately following the auction. Copies of the contract will be available from the auction company prior to the sale.

ACREAGES: Acreage figures are considered to be approximate and are from reliable sources, based on (USDA) FSA figures. All FSA information is subject to change. FSA acres may not be the same as deeded acres.

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Sellers or Farm & Ranch Realty, Inc., its agents or representatives, are making any warranties about the property, either expressed or implied.

EASEMENTS: This sale is subject to all rights-of-way and easements, whether recorded or not, and to oil and gas leases of record, if any.

AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Sellers.

AUCTIONEER’S NOTE: The Shepherd Heirs will sell this quarter at ABSOLTUE PUBLIC AUCTION on July 27th in Tribune, Kansas.

This is an almost perfect quarter with the entire quarter being Richfield silt loam with 0-1% slope. IF YOU ARE LOOKING FOR A GOOD QUARTER SECTION OF LAND FOR A LONG TERM INVESTMENT, THIS COULD BE THE ONE!

The Buyer will get immediate possession of the entire quarter at closing. To access this quarter, go West of Hwy 27 north of Tribune on the Oxtown Feeders Road “D” for 15 miles, then follow the field road south for 1½ miles to the NE corner of the property.