Ness City, KS 67560 - Ness County

LEGAL DESCRIPTIONS:

ALL OF SECTION 27-18-25 AND

SE/4, E/2NE/4 & E/2SW/4 OF SECTION 28-18-25

LOCATION: From the intersection of Hwys 283 & 96 in Ness City, Kansas, on Hwy 96 go 8 miles West to the SE corner of the property.

MINERAL RIGHTS: Seller will retain 100% of the mineral rights perpetually.

FSA INFORMATION:

CRP Acres: 438.9

GRASS Acres: 494.9+

CRP PAYMENTS:

ANNUAL PMT EXP DATE

165.2 ac at $38.76 - $6,403 9/30/13

214.3 ac at $41.68 - $8,932 9/30/20

3.5 ac at $48.99 - $ 171 9/30/21

44.8 ac at $46.65 - $2,090 9/30/12

11.1 ac at $47.00 - $ 522 9/30/13

TOTAL - $18,118

All 2012 payments will be prorated to the date of closing, subject to FSA regulations.

POSSESSION: Date of closing, subject to Seller leaseback for 5 years on the grass acres. Seller will pay annual rent of $7,000 to the Buyer. Seller also will reserve the right to use the rock quarry located on this property during the term of the lease.

REAL ESTATE TAXES: Seller will pay taxes for 2011 and prior years. Taxes for 2012 will be prorated to the date of closing. (2011 taxes = $353.06)

PRICE: $900,000

There are 2 water wells on this property that are pipelined to 6 stock tanks.

The grass is cross fenced for cell grazing.