600 N Halstead Rd, Salina, KS 67401 - Saline County

602 ACRES, 566 ACRES TILLABLE

NORTHWEST EDGE OF SALINA, KANSAS

AUCTION: Monday, July 25, 2011, 7:00 pm

AUCTION LOCATION: Ramada Conference Center, 1616 W Crawford, Salina, KS

TRACT 1 165.05 ACRES

LEGAL: West Half of Northeast Quarter (W/2 NE/4) and East Half of Northwest Quarter (E/2 NW/4), Section 4, Township 14 South, Range 3 West, Saline County, KS

LOCATION: From Jct of I-70 and I-35 North of Salina, 1.5 miles West on I-70 to Exit 249 (Halstead Road), 1 mile South to Stimmel Road, 0.25 mile East; OR From Exit 93 on I-35, 1 mile west on State St to Halstead Road, 2 miles north, 0.25 mile east

Tillable: 160.7 Acres

Trees/Creek/Waterway: 4.4 Acres

Allows for 2 Building Rights per Saline County Planning and Development

Salina Unified School District #305

TRACT 2 36.12 ACRES

Southwest Quarter of Northwest Quarter (SW/4 NW/4), Section 4, Township 14 South, Range 3 West, Saline County, KS, except a tract in Southwest corner

LOCATION: From Jct of I-70 and I-35 North of Salina, 1.5 miles West on I-70 to Exit 249 (Halstead Road), 1.25 mile south; OR From Exit 93 on I-35, 1 mile west on State St to Halstead Road, 1.75 miles north

Tillable: 26.9 Acres

Trees/Creek/Waterway: 9.2 Acres

Allows for 1 Building Right per Saline County Planning and Development

Salina Unified School District #305

TRACT 3 142.88 ACRES

Southwest Quarter (SW/4), Section 4, Township 14 South, Range 3 West, Saline County, KS, lying north of Railroad ROW

LOCATION: From Jct of I-70 and I-35 North of Salina, 1.5 miles West on I-70 to Exit 249 (Halstead Road), 1.5 miles south; OR From Exit 93 on I-35, 1 mile west on State St to Halstead Road, 1.5 miles north

Tillable: 133.3 Acres

Trees/Creek/Waterway: 9.6 Acres

45.33 Acres Heavy Industrial Zoning at south end

Allows for 1 Building Right + 1 Industrial Building Right per Saline County Planning and Development

Salina Unified School District #305

2010 TAXES (all tracts in Section 4): $2,031.78

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TRACT 4 75 ACRES

Southeast Quarter (SE/4) Section 5, Township 14 South, Range 3 West, Saline County, KS, lying south of Railroad ROW and except 3 acre tract in SE corner

LOCATION: From Jct of I-70 and I-35 North of Salina, 1.5 miles West on I-70 to Exit 249 (Halstead Road), 2 miles south; OR From Exit 93 on I-35, 1 mile west on State St to Halstead Road, 1 mile north

Tillable: 74.2 Acres

Allows for 1 Building Right per Saline County Planning and Development

Ell-Saline Unified School District #307

2010 TAXES: $1,477.54 (includes home)

2010 ESTIMATED TAXES FOR TILLABLE LAND: $515.53

TRACT 5 - 183 Acres

Northwest Quarter (NW/4) Section 9, Township 14 South, Range 3 East of the 6th P.M., Saline County, KS, plus additional acres in Southwest Quarter (SW/4) and Northeast Quarter (NE/4) Section 9, except tract in Northwest corner

LOCATION: From Jct of I-70 and I-35 North of Salina, 1.5 miles West on I-70 to Exit 249 (Halstead Road), 2.5 miles south; OR From Exit 93 on I-35, 1 mile west on State St to Halstead Road, 0.5 mile north

KDHE test water well sites located on this tract

Tillable: 170.5 Acres

Trees/Creek/Waterway: 9.5 Acres

Home Site/Mobile Home: 3 Acres

Rented $100/month; own well and septic system; tenant owns mobile home and garage

9 Acres in NW corner zoned Light Industrial

Allows for 1 Building Right per Saline County Planning and Development

Salina Unified School District #305

2010 TAXES: $3,321.06 (includes 2 home sites)

2010 ESTIMATED TAXES FOR TILLABLE LAND: $991.25

GENERAL TRACT INFORMATION:

TOTAL ACRES: 602 Acres

CROPLAND: 566 Acres

FSA BASES & YIELDS:

Wheat: 574.8 Acre Base; 32 Bushel/Acre Yield

Soybeans: 19.3 Acre Base; 16 Bushel/Acre Yield

Saline County Rural Water District #4 runs along Halstead Road

SOIL TYPES: Area soil types are primarily Wells loam, Crete silt loam, Tobin silt loam, Detroit silty clay loam and Bavaria-Detroit complex

EARNEST DEPOSIT: 10% of purchase price due day of Auction.

CLOSING: Close on or before August 25, 2011. Title insurance/closing fee shared equally between Seller and Purchaser. Title insurance & Closing at Land Title, Salina, Kansas.

POSSESSION: At closing subject to tenant cash rent lease and following harvest of 2012 spring-planted crops

CASH RENT: Cash rent in the approximate amount of $75/Tillable Acre. One-half of cash rent (due August 1, 2011) payable to Purchaser at closing; remaining one-half share paid by tenant to Purchaser August 1, 2012.

MINERALS: Believed to be intact; all Seller-owned minerals conveyed to Purchaser at closing

TAXES: Seller shall pay 2010 taxes and prior years. At closing, Seller shall give Purchaser credit for one-half share of 2011 taxes based on 2010 taxes. Purchaser shall pay 2011 taxes.

THELMA M. BRIGHTBILL TRUST #1, Seller

Curt Marshall, Auction Manager