Hedley, TX 79237 - Donley County

LEGAL DESCRIPTION: 251.3 acres in Section 128, Block E, D&P Ry. Co. Survey, Donley Co., TX. Metes and bounds description on file.

ACREAGE: TOTAL 251.3 +/- CRP 168.6 GRASSLAND 82 +/-

TOPOGRAPHY: Rolling, sandy terrain with tree-lined draw.

IMPROVEMENTS: Some fencing in poor condition.

WATER: One windmill (not in working order) NOTICE: The city of Hedley has 20 acres of the subject property leased for the distribution of excess water from their treatment facility.

UTILITIES: ELEC: yes NATURAL GAS: PROPANE:

PERSONAL PROPERTY: None.

TAXES: TOTAL: $586.74 2010 taxes w/ ag exemptions

SCHOOL DISTRICT: Hedley ISD

MINERALS: Subject to previous reservations of record, Seller will reserve none.

POSSESSION: Upon closing.

OTHER DATA: Great weekend place with lots of big trees and thickets. The CRP is bid at $32.00 ($5,395/year) and expires 9/30/2012. Pavement on two sides. There is a building restriction on residential structures within a 500' buffer zone around the water treatment facility.