4-H BUILDING, Tribune, KSGreeley County

LEGAL DESCRIPTION: N/2 OF 26-20-41

LAND LOCATION: From the intersection of Hwys 96 and 27 at Tribune, KS, go 14 miles South on Hwy 27 to County Road BB, 3 miles West to County Road 13, then 1 mile 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: Seller financing available to qualified Buyer or 10% down day of sale, with the balance to be paid on or before August 21, 2009, 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.

SELLER FINANCING: Contact Farm & Ranch Realty for details on Seller financing.

MINERAL RIGHTS: The Sellers will retain ½ of the mineral rights for a term of 15 years with said reservation to be non-participating in leases, delay rentals, and bonuses, but fully participating in royalties.

CROPS: There are no growing crops.

CRP INFORMATION: There are 314.9 acres currently enrolled in the CRP program through 9/30/09 at $36.00 per acre for an annual payment of $11,336. The 2009 CRP payment which will accrue from October 1, 2008, through September 30, 2009, will be prorated to the date of closing.

CRP EXTENSION: This property has been offered a 3 year extension on the current CRP contract.

CLOSING: Closing will be on or before August 21, 2009.

POSSESSION: Date of closing.

REAL ESTATE TAXES: Sellers will pay taxes for 2008 and prior years. Taxes for 2009 will be prorated to the date of closing. (2008 Taxes = $669.22)

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. Buyer may close as soon as closing documents are prepared – no later than August 21, 2009.

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 & 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: This is a great CRP, near level half section with predominately Richfield silt loam soils. This CRP contract can be extended for a 3 year term, or turn this fine land back to wheatland at the end of this year.

If you are wanting to invest some of your money into land, July 22nd is the day! This land will take care of you forever! Land like this seldom comes on the market. There is owner financing available to qualified Buyer.

Call Steve Hazlett at 785-443-3110 for a tour, or signs will be posted for your convenience.