Norton, KS 67654(Norton County)

TERMS: Buyer(s) will pay 10% down day of sale, with the balance to be paid on or before April 27, 2011, 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 reserve an undivided one-half (1/2) interest in and to the mineral rights for a term of 25 years, with said reservation to be non-participating in lease monies, bonuses and delay rentals, but fully participating in royalties.

CLOSING: On or before April 27, 2011.

POSSESSION: Date of closing.

CROPS: There are no growing crops.

FSA INFORMATION: Buyer(s) will receive 100% of all FSA payments associated with the 2011 crop year. Cropland and base acres will be split by FSA in the manner the land sells at the auction.

REAL ESTATE TAXES: Sellers will pay taxes for 2010 and prior years. Taxes for 2011 will be the prorated to the date of closing.

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 & 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 real estate purchase contract immediately following the auction. Copies of contracts will be available from the auction company prior to the sale.

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 by the Buyer(s) and 1/2 by the Sellers. Title evidence will be provided on sale day.

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 Sellers.

AUCTIONEERS NOTE: This 800 acre farm is located 10 miles South and 5 miles West of Norton, Kansas, or 4 miles North and 1/4th mile East of Lenora, Kansas. It has some good cropland that has been partially planted to and maintained as grassland for many years. There are 79.2 ACRES IN CRP THROUGH 2015 being in two separate tracts of 48.2 and 31.0 acres respectively. APPROXIMATELY 350 ACRES ARE CURRENTLY BEING FARMED AND ARE NOW OPEN AND READY FOR SPRING PLANTING. Of the 530.3 acres of effective cropland acres, the balance of 180 ACRES ARE IN GRASSLAND that was cut for grass hay in 2010. The water system is nearly new with two submersible pumps, hydrants and water tanks.

FOR FURTHER DETAILS, CALL LISTING AGENT, J.D. HININGER, AT 785-567-8019! See you at the sale!!!