I-70 & North Ohio, Salina, KS 67401 - Saline County

TILLABLE LAND at EDGE OF SALINA, KANSAS

AUCTION: Wednesday, June 9, 2010, 7:00 pm

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

PROPERTY LOCATION: Directly east of Flying J Truck Stop (2250 N Ohio, Salina, KS), at Jct I-70 and North Ohio Street

90± Acres in Northwest Quarter (NW/4) Section 31, Township 13 South, Range 2 West, Saline Co, KS

OFFERED AS 2 TRACTS & COLLECTIVELY

TOTAL ACRES: 90± Acres

TILLABLE: 88.9± Acres

CREEK/TREES: 1.1± Acres

FSA BASES & YIELDS (90± Acres)

Wheat: 66.0 acres, 35 bu/ac yield

Grain Sorghum: 9.8 acres, 57 bu/ac yield

Soybeans: 5.9 acres, 16 bu/ac yield

Barley: 0.8 acres, 44 bu/ac yield

TRACT 1:

• 30± Acres Tillable

• Tract annexed into Salina City Limits in 2001

• Included in utility improvement project in 2002

• Special Assessments totaling $45,081.64 levied against 30 acres

• Assessments to be paid by Purchaser in 15 equal installments beginning 2017 or until property platted or developed, whichever occurs first

• Non-compete covenant restricting retail sale of motor fuels in place by Flying J Truck Stop

• Access across south side of Flying J Truck Stop - 60 ft wide perpetual non-exclusive dirt road easement to be used for ingress and egress for farm operation and agricultural purposes only

• 2009 Taxes: $267.76 (30± Acres inside city limits)

TRACT 2

• 60± Total Acres

• 58.9± Tillable Acres

• 1.1± Acres Trees & Waste along river

• Access across south side of Flying J Truck Stop - 60 ft wide perpetual non-exclusive dirt road easement to be used for ingress and egress for farm operation and agricultural purposes only

• Easement extended across Tract 1 for access

• 2009 Taxes: $381.62 (60± Acres outside city limits)

POSSESSION: At closing subject to current oral tenant lease

CROP SHARE: Purchaser shall received landowner’s 2/5 share of 2010 wheat crop and FSA payment. At closing, Purchaser shall reimburse Seller for 2/5 share of fertilizer and crop insurance for 2010 crop.

MINERALS: Minerals are believed to be intact; all Seller-owned minerals will be conveyed to Purchaser at closing.

TAXES: Seller shall pay 2009 taxes and prior years. Purchaser shall pay 2010 taxes when due.

CLOSING: July 9, 2010

TITLE INSURANCE/ESCROW CLOSING: Title Insurance and closing costs shared equally between Seller and Purchaser. Land Title Services, Inc. has prepared preliminary title and will handle escrow closing.