VETERANS BUILDING, Osborne, KSOsborne County

LEGAL DESCRIPTIONS:

TRACT 1: NW/4 of 29-9-14

TRACT 2: NE/4 of 30-9-14

TRACT 3: SE/4 of 30-9-14

TRACT 4: NE/4 of 31-9-14

TRACT 5: W/2NW/4 & SW/4 of 30-9-14

LAND LOCATION: From Natoma: From the junction of K18 & CR 657 on the East side of Natoma go 4 miles North, then 4 miles East on CR 404 to the NW corner of Tract 5 OR

From Osborne: From the junction of Hwys 24 & 281, go 7 miles South on Hwy 281 to the radio tower at the corner of CR 404, then follow CR 404 Southwesterly approximately 17 miles (see map) to the NE corner of Tract 1. SIGNS WILL BE POSTED!

MANNER OF SALE: This real estate will be offered as a “MULTI-PARCEL” auction in 5 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 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 October 21, 2010, or upon such terms as may be acceptable to the Sellers. 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: Sellers will retain 50% of the mineral rights for a term of 10 years, said reservation to be non-participating in lease monies, delay rentals and bonuses, but fully participating in royalties.

CROPS: Sellers will retain 100% of the 2010 growing corn crop.

FSA INFORMATION: Buyer(s) will receive 100% of all payments associated with 2011. Sellers will retain 100% of all FSA payments associated with the 2010 crop year.

CLOSING: Closing will be on or before October 21, 2010.

POSSESSION: Date of closing on the grassland acres and after the 2010 corn harvest on the planted corn acres.

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

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 and 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.

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.

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 Sellers.

AUCTIONEER’S NOTE: CE and Willa Hendrich will offer this nice tract of cropland and grass at ABSOLUTE public auction on Tuesday, September 14th.

It will be offered in 5 tracts – so Buyers can BUY ONE QUARTER, TWO OR MORE – WHATEVER SUITS THEIR NEEDS! The Hendrichs are excellent stewards of the land and have implemented the most current farming practices to optimize the production capabilities of this land! They would be interested in continuing on as a tenant for the investment buyer!

The grassland is cross fenced for cell grazing.

Tract 1 offers excellent hunting for deer, pheasant, quail and turkey, as well as building site potential.

Call Scotty at 785-650-9970 TODAY for a tour of this property!