Burlington, CO 80807 - Kit Carson County

LEGAL DESCRIPTIONS:

TRACT 1: All of 35-9-43

TRACT 2: S/2 of 26-9-43

TRACT 3: All of the cropland acres in Section 25-9-43, PLUS the cropland acres

located South of the grass acres in S/2 of 24-9-43

TRACT 4: Grass acres in S/2 of 24-9-43

TRACT 5: Cropland acres located North of the grass acres in S/2 of 24-9-43

TRACT 6: NE/4 of 1-10-43, less a 3 acre tract in NE corner

TRACT 7: 3 acre tract including the grain storage facility in NE/4 of 1-10-43

LAND LOCATION: From the Peconic Elevator on Hwy 24, go 5 miles south to the northeast corner of Tract 4. SIGNS ARE POSTED!!

MANNER OF SALE: This real estate will be offered as a MULTI-PARCEL auction in 7 individual tracts and in combinations of tracts. It will be sold in the manner that produces the highest aggregate bid. There will be OPEN BIDDING on all tracts and combinations of tracts during the auction as determined by the auction company. Bids on tracts, tract combinations, and the total property may compete. 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 23, 2013, 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 100% intact and will transfer to the Buyer(s) at closing.

CROPS: The Seller will retain 100% of the 2013 wheat crop.

FSA INFORMATION: Buyer(s) will receive 100% of all FSA feed grain payments associated with the 2013 crop year.

CLOSING: Date of closing will be on or before August 23, 2013.

POSSESSION: Possession will be date of closing, with Buyer(s) having the right to enter immediately after the auction.

REAL ESTATE TAXES: Sellers will pay taxes for 2012 and prior years. Taxes for 2013 will be the responsibility of the Buyer(s). See chart for 2012 tax amounts.

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

ACCEPTANCE OF BIDS: Each successful bidder will be required to enter into a Colorado Contract to Buy and Sell Real Estate immediately following the auction. Copies of the contracts 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, 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.

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Sellers, 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 Agents of the Sellers.

TRACT 7

Grain storage facility located on 3 acres includes: 90,000 bushel grain storage w/leg, pits, augers & updraft aerating. 70 scale; 40x60 insulated scale house w/ heated shop and storage areas; and 50x98 insulated machinery shed. Each bin has 3 electronic sensors w/readout in scale house. Leg has an additional outlet on the manifold for another bin.

AUCTIONEERS NOTE: Royal & Joan Reid will offer their PREMIER FARM for sale at ABSOLUTE PUBLIC AUCTION on July 23rd at the Scout Center in Burlington. This land has been in their family for many years and may not be available on the open market for many more years This is one of the best farms in Kit Carson County - DONT MISS THIS ONCE-IN-A-LIFETIME OPPORTUNITY!

This farm has it all! It is NEARLY ALL CONTIGUOUS and is in an EXCELLENT LOCATION with great access. Soil types are primarily Kuma-Keith silt loam. Buyers will receive IMMEDIATE POSSESSION, with the right to enter after the auction in time for fall planting! THE MINERALS ARE 100% INTACT AND WILL TRANSFER TO THE BUYERS AT CLOSING! Tracts 1, 2, 3, 5 & 6 are all cropland, and Tract 4 is all grass. The modern grain storage facility located on Tract 7 is ready for grain delivery today!!

CALL NEAL MANN AT 785-635-2102 FOR A TOUR TODAY!