COMMUNITY BUILDING, Eads, COKiowa County

LEGAL DESCRIPTIONS:

TRACT 1: S/2 OF SECTION 1-18-50

TRACT 2: N/2 OF SECTION 1-18-50

LAND LOCATION: From the intersection of Hwys 96 & 287 at Eads, Colorado, go 9 miles West to Road 31, then 1.2 miles North to the SE corner of Tract 1. SIGNS WILL BE POSTED!

MANNER OF SALE: This real estate will be offered as a “MULTI-PARCEL” auction in 2 individual tracts and in combination of tracts. It will be sold in the manner that produces the highest aggregate bid. Bids on individual tracts 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 May 21, 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. Announcements made day of sale take precedence over printed material and previously made oral statements.

MINERAL RIGHTS: The Seller will transfer surface rights only as mineral rights have been previously reserved.

CRP: The CRP contract expired on 10/01/2009.

FSA INFORMATION: The farm base acres will be reinstated as per the chart to the right.

CLOSING: The date of closing will be on or before May 21, 2010.

POSSESSION: Possession will be the date of closing, with Buyer having the right to enter upon execution of the purchase contract and payment of the earnest money deposit for general farming purposes.

ACCEPTANCE OF BIDS: Each successful bidder will be required to enter into a Contract to Buy and Sell Real Estate immediately following the auction. Copies of the contracts will be available from the auction company prior to the sale. Sale is subject to Seller confirmation.

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

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.

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 or county appraiser acres.

INSPECTIONS: Potential bidders are responsible for conducting their own independent inspections & due diligence concerning pertinent facts about the property. Neither Seller, 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 any oil and gas leases of record.

AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Seller.

AUCTIONEER’S NOTE:

This is one of the finest, flat square sections of land that I have sold in the last 38 years of selling real estate!

This kind of land seldom hits the open market. Come look at this farm – it will make a wonderful secure investment for you.

We will offer it in two half sections, then as an entire section. If you are an investor, there are many successful tenants in the Prairie Queen area of Kiowa County. Farmers, this is the kind of land you want to operate.

To look at the property, drive West of Eads 9 miles on Hwy 24, then go 1.2 miles North on County Road 31 to the SE corner of the property.