Stockton, KS 67669 - Rooks County

LEGAL DESCRIPTIONS:

N/2 &N/2SE/4 OF SECTION 31-7-19, AND

W/2NW/4, NW/4SW/4, N/2NE/4NW/4 OF SECTION 32-7-19

MANNER OF SALE: This real estate will be offered as a MULTI-PARCEL auction in 4 individual tracts and in combinations of tracts. It will be sold in the manner that produces the highest aggregate bid. There will be OPEN BIDDING on all tracts and combinations of tracts during the auction as determined by the auction company. Bids on individual tracts, tract combinations, 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 December 21, 2012, 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: Seller will retain 100% of the mineral rights and royalty production perpetually.

CROPS: Buyer(s) will receive the landlords 1/3rd share of the 2013 wheat crop. See chart below for planted crop acres.

FSA INFORMATION: Buyer(s) will receive the landlords 1/3rd share of all FSA wheat payments and 100% of all FSA feed grain payments, if any, associated with the 2013 crop year. See chart below for base acres and yields.

CLOSING: Date of closing will be on or before December 21, 2012.

POSSESSION: Date of closing, subject to the tenants rights on the 2013 wheat crop on the acres planted to wheat, and March 1, 2013, on the grassland acres.

REAL ESTATE TAXES: Seller will pay taxes for 2012 and prior years. See chart for 2011 tax amounts.

EVIDENCE OF TITLE: Seller 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 Seller. Title evidence will be provided on sale day.

ACCEPTANCE OF BIDS: Each successful bidder will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contracts 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. Acreages are not covered by title insurance.

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections & due diligence concerning pertinent facts about the property. Neither Seller 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 Seller.

AUCTIONEERS NOTE: This is a great property that adjoins the North side of Webster Reservoir. There is good access via US Hwy 24.

Tract 1 is a hunters dream with some of the best deer hunting in Kansas along with a nice pond.

Tracts 2 and 3 are good cropland that is planted to wheat.

Tract 4 has a great pasture with a pipeline easement from the well located on Tract 1.

Signs are posted for your convenience. Call with questions, and PLAN TO ATTEND THE AUCTION.