Springfield, COBaca County

MANNER OF SALE: This real estate will be offered as a “MULTIPARCEL” auction in 10 individual tracts and in combination of tracts. It will be sold in the manner that produces the highest aggregate bid. Bids on individual tracts 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 July 7, 2009, 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 and

previously made oral statements.

MINERAL RIGHTS: All of the Seller’s interest shall transfer to the Buyer(s) at closing. Bison Title is researching the mineral rights – Contact listing agent, Neal Mann for further details.

CROPS: Buyer(s) will receive 100% of the 2009 growing wheat crop on Tracts 1 and 10. (See chart below for planted wheat acres.) There was 29# of N, 5# of sulfur in conjunction w/insecticide

applied to the growing wheat, at no cost to the Buyer(s). There is no crop insurance in effect on the growing wheat.

FSA INFORMATION: Buyer(s) will receive 100% of all FSA payments associated with the 2009 crop year.

CRP PAYMENTS: Buyer(s) will receive 100% of the 2009 CRP payments which will accrue from 10/1/08 thru 9/30/09, and all future years’ payments under the current CRP contracts. See chart

below for details.

CLOSING & POSSESSION: Date of closing will be on or before July 7, 2009. Possession will be the date of closing. The bridge planks, hay bales and other miscellaneous items of personal

property located at the farmsteads on Tract 4 are not included in this sale, and Seller will reserve the right to remove said personal property until August 1, 2009.

REAL ESTATE TAXES: Seller will pay taxes for 2008 and prior years. Taxes for 2009 will be paid by the Buyer(s).

provide title insurance to the Buyer(s) in the amount of the

purchase price with the premium to be paid one half by the

Buyer(s) and one half by the Seller. Title evidence will be

provided on sale day. Buyer(s)may close as soon as closing

documents are prepared–no later than July 7, 2009.

EASEMENTS: This sale is subject to all rights of way and

easements, whether recorded or not, and to any leases of record,

including oil and gas leases, if any.

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

AUCTIONEER’S NOTE: Ted Lasley will sell his farm and ranch property located SE of Springfield, CO at ABSOLUTE AUCTION on Wed., June 3 rd . This has been a very successful farming and ranching operation for many years due to Ted’s dedication and

hard work, coupled with the good productive land in this area. There is a possibility for obtaining a permit for drilling an irrigation well on Tracts 4 and 6 which would be a great addition to the farm. This sale offers a great place for a family to start a new operation or expand your present operation. The improvements are above average and the work has been done as far as conservation and maintaining the land.

The home is “movein” ready and possession is designed to fit the Buyer.