ST. FRANCIS PARISH HALL , Edmond, KS 67645(Norton County)

MANNER OF SALE: This real estate will be offered as a MULTI-PARCEL auction in 6 individual tracts and in combinations of tracts. It will be sold in the manner that produces the highest aggregate bid. There will be OPEN BIDDING on all tracts and combinations of tracts during the auction as determined by the auction company. Bids on tracts, tract combinations, and the total property may compete. Auction procedure and increments of bidding are at the discretion of the auction company.

TERMS: 10% down day of sale, with the balance to be paid on or before November 30, 2012, 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: Seller will reserve an undivided 50% interest of the mineral rights for a term of 20 years, said reservation to be fully participating in leases, delay rentals, bonuses and royalties. Seller will retain 100% of all current production perpetually.

CROPS: Crops are subject to the tenants rights of Greving Farms, Inc. and Colby J. Greving and Cher R. Greving under two FARM LEASE agreements, copies of which are available for review from the auction company.

FSA INFORMATION: Seller will retain the landlords share, if any, of all FSA payments associated with the 2012 crop year. See chart on back for bases and yields.

CLOSING: Closing will be on or before November 30, 2012.

POSSESSION: Date of closing, subject to the tenants rights under the current FARM LEASE agreements.

REAL ESTATE TAXES: Seller will pay taxes for 2012 and prior years. See chart on back for 2011 tax amounts.

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. Acreages are not covered by title insurance.

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and 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. Statements, while not guaranteed, are from reliable sources.

ACCEPTANCE OF BIDS: Each successful bidder will be required to enter into a Farm & Ranch real estate purchase contract immediately following the auction. Copies of the contract 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 one-half by the Buyer(s) and one-half 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.

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

IRRIGATION INFORMATION

WATER RIGHTS:

Tract 1: Water Right File #21530 - permitted for 199AF at 545 GPM. The sprinkler, motor, and electrical panel on this tract belong to the tenant.

Tract 5: Water Right File #18561 - permitted for 82AF at 195 GPM.

AUCTIONEERS NOTE: This farm offers a VERY DIVERSE COMBINATION OF DRYLAND, IRRIGATION AND PASTURE LAND. The North pivot is in alfalfa while the South pivot will be open and ready for 2013 corn. The South pivot is the property of the tenants and will be REMOVED BY MARCH 1, 2013. THE SOUTH IRRIGATION WELL WAS TESTED AT 844 GPM IN SEPTEMBER OF 2012. This well is powered with a 60HP GE electric motor and an 8 Goulds pump. It is permitted for 199 AF at 545 GPM. The North well in Tract 5 is permitted for 82 AF at 195 GPM.

The pasture on Tract 4 has a 2 PVC pipeline from the improvement site to six 2,200 gallon galvanized tanks with 15 diameters, that provide water to the pasture. The fences are nearly all 3 and 4 wire and are in good condition.

The improvements on Tract 4 could provide a homestead for a potential Buyer. It includes a 2-story home, corrals, barn, grain storage and quonsets and is located 1 miles East on EE road from US Hwy 283. The Sellers are retaining all current oil production, however they are transferring 50% of any mineral rights they own on the entire property to the Buyer(s). CALL SCOTTY LEGERE AT 785-650-9970 FOR MORE INFORMATION!