Exit 107 , Quinter, KS 67752(Gove County)

TERMS: 10% down day of sale, with the balance to be paid on or before December 4, 2013, 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. Bids are subject to Sellers confirmation. Announcements made day of sale will take precedence over printed material and previously made oral statements.

MINERAL RIGHTS: All of the Sellers interest will transfer to the Buyer at closing.

LEASE PAYMENTS: Lease payments for 2013 will be prorated to the date of closing.

CLOSING: Closing will be on or before December 4, 2013.

POSSESSION: Date of closing, subject to the terms and conditions of the current lease agreements.

REAL ESTATE TAXES: Taxes for 2012 and prior years will be paid by the Seller. Taxes for 2013 will be prorated to the date of closing. (2012 taxes = $590.06) Lessees are paying the taxes under the current lease agreements.

EVIDENCE OF TITLE: Seller will provide title insurance to the Buyer in the amount of the purchase price with the premium to be paid one-half by the Buyer and one-half by the Seller. Title evidence will be provided on sale day.

ACCEPTANCE OF BIDS: The successful bidder will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contract will be available from the auction company prior to the sale.

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections & due diligence concerning pertinent facts about the property. Neither Seller or 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 oil and gas leases of record, if any.

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

SELLING IS THE LAND ONLY UNDER THESE TWO EXISTING BUSINESSES.

Both businesses are under long term lease agreements with SEI Partners, LP through 2031. This property is being sold subject to the terms of these leases. Copies of the leases are available upon request.

Income History: 2011 - $14,580.06

2012 - $16,264.67

2013 - $15,851.70 YTD

AUCTIONEERS NOTE: Farm & Ranch Realty, Inc. will offer for sale at public auction the REAL ESTATE ONLY under the Dairy Queen and Alta Convenience Store just off I-70 at Quinter, Kansas, on Friday, November 1st.

This is a great opportunity to invest in an income producing property with two long term leases in place! Contact Farm & Ranch for copies of the lease agreements and income information. SEE YOU AT THE AUCTION!!