Hoxie, KS 67740 - Sheridan County

LEGAL DESCRIPTION:

SW/4 of 27-8-29

LAND LOCATION: From the intersection of Hwy 188 & 30S Road in Seguin, Kansas, go 2 miles East on 30S Road to 60W Road, then mile South to the NW 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, balance to be paid on or before May 10, 2013, or upon such terms as may be acceptable to the Seller. 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 previously made oral statements.

MINERAL RIGHTS: All of the Sellers interest in the mineral rights will transfer to the Buyer at closing.

CROPS: There are no growing crops.

FSA INFORMATION: Cropland Acres 157.0

Base Acres DCP Yield

Wheat 57.9 37

Grain Sorghum 59.8 50

Oats 0.6 41

Buyer will receive 100% of all FSA payments associated with the 2013 crop year, if any.

CLOSING: Closing will be on or before May 10, 2013.

POSSESSION: Date of closing.

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= $378.98)

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, including but not limited to the number of cropland acres, grass acres, base acreages and yields. FSA acres may not be the same as deeded acres or county appraiser acres. Acreages are not covered by title insurance.

ACCEPTANCE OF BIDS: The successful bidder will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contract will be available from the auction company prior to the sale.

EVIDENCE OF TITLE: Seller 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 Seller. Title evidence will be provided on sale day

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Seller nor 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 any oil and gas leases of record.

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

The heirs of Mildred B. Thummel are offering this productive quarter section of cropland for sale at ABSOLUTE PUBLIC AUCTION.

Buyer will receive immediate possession, all of the Sellers interest in the mineral rights and 100% of all FSA payments for the 2013 crop year.

This land is located in highly productive Sheridan County, Kansas.

SEE YOU AT THE AUCTION ON APRIL 11, 2013, AT THE BOWEN SCOUT HOUSE IN HOXIE, KANSAS