3191 23rd Avenue, Greensburg, KS 67054 - Kiowa County

475 ACRE FARM & PASTURE LAND IN KIOWA COUNTY, KS

United Country - Regan & Co. Real Estate in Garden City, KS is offering at public auction 475 Acres of excellent tillable cropland and native grassland located in Southwest Kiowa County, Kansas. Lying all in one tract, this farm is located 13 miles southwest of Greensburg, 3-miles north of the Comanche County Line and 2-miles West of U.S. Highway 183. Featuring 414.77 FSA Cropland Acres, this land has been farmed for many years by the local tenant for out-of-state owners. This land will sell as the surface-only, as the Seller has elected to reserve all of the mineral rights.

AUCTION DATE & TIME: Tuesday, September 8th, 2015 at 7:00pm CT

AUCTION LOCATION: John Deere BTI Wind Energy Building, 15477 US Hwy 54, Greensburg, KS 67054

SELLERS: TLW Land & Cattle, L.P.

LEGAL ADDRESSES:

Tract 1: The East Half of Section 14, Township 30 South, Range 19 West of the Sixth Principal Meridian, Kiowa County, Kansas EXCEPT a tract described as beginning 840 feet North of the Southeast corner of said East Half; thence North 295 feet; thence West 365 feet; thence South 295 feet; thence East 365 feet to the point of beginning

Tract 2: The Northeast Quarter of Section 23, Township 30 South, Range 19 West of the Sixth Principal Meridian, Kiowa County, Kansas

FSA BASES / YIELDS:

Wheat: 146.66 Acre Base - 30 Bu/AC PLC Yield

Corn: 73.93 Acre Base - 128 Bu/AC PLC Yield

Grain Sorghum: 75.11 Acre Base - 48 Bu/AC PLC Yield

POSSESSION: Immediate possession will be given upon closing.

TAXES: 2014 Taxes were $1,596.58

TERMS AND CONDITIONS OF SALE:

RESTRICTIONS: Subject only to (1) all City, County, and State laws, ordinances and regulations and (2) any easements, encumbrances, and restrictions applicable to the Property. Seller is placing no restrictions on the property.

UTILITIES: United Country - Regan & Co. Real Estate, nor the seller guarantees the availability of utilities, public or private. This consists of but is not limited to: wells, septic tanks, access to public utilities or any hookup fees therewith. Confirmation of utility availability is the bidder's sole responsibility.

EARNEST DEPOSIT: Earnest Money in the amount of 10% of the Purchase Price is due on Auction Day and upon signing the Purchase Contract. The deposit can be paid in the form of Personal or Business Check, Cash, Cashier Check. Your deposit is Non-Refundable.

TAXES: Seller shall pay 2014 taxes and all prior years. 2015 taxes will be pro-rated to the date of closing.

TITLE/CLOSING COSTS: Seller and Buyer shall share equally in the cost of owner's title insurance and escrow closing. A Preliminary Title Policy has been prepared by Security 1st Title in Kingman, KS and will be updated with Buyer information prior to closing. Buyer is responsible for cost of lender's policy.

TITLE EVIDENCE/DEED: Seller will deliver to Buyer an insurable deed for the Property at time of closing, conveying clear and marketable title of surface rights to said Property, free of all encumbrances, liens and judgment, except for those lawful conveyances and restrictions that exist on record before the date of the auction, as noted in the title insurance commitment.

SURVEY: The land is being sold based on the legal description.

MINERALS: This land will sell as the surface-only, as the Seller has elected to reserve all of the mineral rights.

PROPERTY SOLD "AS IS, WHERE IS, WITH ALL FAULTS" WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND: The real property shall be sold subject to conditions, restriction, right-of-way easements, and reservations; if any, of record, filed and untitled mechanic's and material men's liens; if any, and all other matters of record taking priority, subject to the rights; if any, of tenants-in-possession, and further subject to all conditions announced at the safe; and confirmation of the seller. Announcements made day of auction take precedence over previously printed material and oral statements.

CLOSING: Buyer must close sale of real property on or before October 8th, 2015. TIME IS OF THE ESSENCE. The entire purchase price must be paid by Cashier/Certified check or wired funds at closing. No purchase is contingent on financing. Buyer is entitled to a deed for property upon full payment. Buyers should have all tests and inspections completed prior to the date of the auction. Only the Purchase Contract shall set forth Seller's obligations to the successful Bidder.

BIDDER'S DUTY TO INSPECT: All information published, announced, or contained herein was derived from sources believed to be correct; however, it is not guaranteed by the seller, the auctioneers, or any other person or entity. Personal onsite inspection of all property by potential bidders is strongly recommended. All sales are subject to the conditions and terms contained herein. The failure of any bidder to inspect, or to be fully informed as to the condition of the property, will not constitute grounds for any claim or demand for adjustment or withdrawal of bid, offer or deposit money after its opening tender. This includes but is not limited to public information such as easements, restrictions, zoning, rights-of way, or any other information that can be obtained as public record in the county courthouse or any municipal office concerning subject properties. Any and all announcements made from the auction stand take precedence over all other verbal, printed, announced, and/or distributed information. Please note that you are bidding to purchase the Property "As Is, Where Is" with no guarantee or warranty.

United Country - Regan & Co. Real Estate, and its agents represent the Seller and their fiduciary duties of loyalty and faithfulness are owed to their client (the Seller).