Plainville, KSRooks County

LEGAL DESCRIPTION:

W/2 of 13-10-16 & acres S of Hwy 18 in SW/4 of 12-10-16, less a tract in the NW corner

LAND LOCATION: From the junction of Hwys 183 and K-18 in Plainville, KS, go 13½ miles East on K-18 to the NW corner of the property OR go 1.5 miles West of Natoma on K-18 to the property.

SIGNS ARE POSTED!!

MANNER OF SALE: This real estate will be offered in 1 tract only. 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 June 30, 2010, 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. Bids are subject to Sellers confirmation. Announcements made day of sale take precedence over printed material and previously made oral statements.

MINERAL RIGHTS: All of the Seller’s interest will transfer to the Buyer at closing.

CROPS: Crops are subject to a current cash lease agreement. The 2010 cash lease payments will be prorated to the date of closing.

FSA INFORMATION: Cropland acres - 111.2

Grassland acres - 279.4+

BASE ACRES DCP YIELD

Wheat 28.1 36

Grain Sorghum 64.0 39

Tenant will retain the 100% of all FSA payments associated with the 2010 crop year under the cash lease agreement.

CLOSING: Date of closing will be on or before June 30, 2010.

POSSESSION: Date of closing, subject to the tenant’s rights under the current cash lease agreement thru March 1, 2011.

REAL ESTATE TAXES: Seller will pay taxes for all of 2009 and prior years. Taxes for 2010 will be prorated to the date of closing.

(2009 taxes = $1,905.58)

ACCEPTANCE OF BIDS: Each 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.

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 one-half by the Buyer(s) and one-half by the Sellers. Title evidence will be provided on sale day.

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. Statements, while not guaranteed, are from reliable sources.

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 the one you’ve been waiting for – a “once in a lifetime opportunity” to acquire a property that offers it all -- Unique 1½ story cabin home on 390 acres of creek bottom, grassland, and cropland! The cabin is nestled in a scenic, secluded location that is second to none in Western Kansas!

Call Scotty at 785-650-9970 today for a tour on 4-wheeler trails thru the scenic canyons. Get an up-close look at the outstanding wildlife habitat with wild grapes, currant bushes, choke cherries, plum thickets and wild raspberries. Trees are mostly Red Elm & Walnut. This property abounds with trophy whitetail deer, turkey, pheasant and quail, especially along the creek bottom acres of Paradise Creek. This would make a great Weekend Getaway and there is a 1,700’ grass airstrip for easy access to the cabin area.

There is an excellent tenant in place who desires to continue his tenancy. Tenant owns adjacent property and could potentially increase acreage for hunting to 1000+ acres for the Buyer. Tenant has hunting rights along the creek bottom until March 1, 2011. Hunting rights on the grassland acres transfer to the Buyer at closing.

OPEN HOUSE - SUNDAY, MAY 16, 2010

10:00 AM TO 3:00 PM - AT THE CABIN – FOLLOW SIGNS