Kit Carson, CO (Kit Carson County)

633 Acres in Kit Carson, CO - $235,000

MINERAL RIGHTS: All of the Seller’s interest will transfer to the Buyer at closing. Minerals are believed to be subject to prior partial reservations of record.

FSA INFORMATION: Grassland acres 526.0+

CRP acres 106.9

CRP INFORMATION:

-There are 39.8 acres currently enrolled in the CRP program through 9/30/12 at $36 per acre for a total annual payment of $1,433.

-There are 67.1 acres currently enrolled in the CRP program through 9/30/09 at $37.62 per acre for a total annual payment of $2,524.

2009 CRP payments which will accrue from October 1, 2008, through September 30, 2009, will be prorated to the date of closing.

REAL ESTATE TAXES: Seller to pay taxes for all of 2008 and prior years. Taxes for 2009 will be prorated to the date of closing. (2008 Taxes = $459.38)

POSSESSION:-

-Date of closing on the grassland acres

-Date of closing on the CRP acres