Highway 60 and Grand Street , Friona, TX 79035(Parmer County)

Description: Tract 1 is a very nice quarter section of irrigated farmland located in central Parmer County. The land is mostly level and appears to have strong producing soil. There is one well that is producing approximately 125 gallons of water per minute. The well is equipped with a 20 HP electric submersible pump. The well has an open hole to 495 with the water level at 466. This well log was completed in June 2014. The well on Tract 1 is tiled together with Tract 3. There is a Valley 8000 sprinkler system with standard panel, 11.2 x 38 tires* Serial Number 81713* 37105 hours. Tract 1 also includes a 36 x 80 Quonset Barn (with 18 covered area)* Concrete Floor* Electricity* Small Room* Apron. Corn and milo were raised on Tract 1 for the 2015 crop year. The corners are currently planted in wheat and will convey with the property. Sellers believe they own approximately one half of the mineral interests. Sellers will convey all mineral interests currently owned. All wind rights owned by Seller will convey to the Buyer.

Taxes: $812.18 (2015 projected base tax amount with all entities)

Legal Description Tract 2: T4S R4E, 120 acres out of the NE/4, Section 32, Parmer County Texas, and T4S R4E, 40 acres out of the West/Part of the NE/4, Section 32, Parmer County Texas, totaling 160 acres more or less.

Description: Tract 2 is a very nice quarter section of irrigated farmland located in central Parmer County. The land has some slope to the south and appears to have strong producing soil. There are two wells that are producing a total of approximately 250 gallons of water per minute. The wells are equipped with turbine pumps. The natural gas engines belonged to the previous tenant and have been removed. The east well has an open hole to 502 with the water level at 452. These figures for this well log were completed in 2011. The west well has an open hole to 477 with water level at 400. These figures for the west well log were completed in 2002. There is a T&L Hydraulic Sprinkler System* 7 Tower*11.2 x 38 tires* Serial Number 6604* Corn and milo were raised on Tract 2 for the 2015 crop year. The corners are currently planted in wheat and will convey with the property. Sellers believe they own approximately one half of the mineral interests. Sellers will convey all mineral interests currently owned by Sellers. All wind rights owned by Sellers will convey to Buyer.

Taxes: $1,246.49 (2015 projected base tax amount with all entities)

Legal Description Tract 3: T4S R4E, NW/4, Section 33, Parmer County Texas, containing 160 acres more or less, and T4S R4E, Part of the NE/4, Section 33, containing 40 acres more or less, and the West/Part of the NE/4, Section 33, Parmer County Texas, containing 120 acres more or less, for a total of 320 acres more or less, all in Parmer County Texas.

Description: Tract 3 is a very nice half section of irrigated farmland located in central Parmer County. The land has some slope to the south and appears to have strong producing soil. There are two wells that are producing a total of approximately 250-325 gallons of water per minute. The wells are equipped with turbine pumps. The east pump needs some repair and could possibly produce more water after pump repair according to the tenant. The natural gas engines belonged to the previous tenant and have been removed. The east well has an open hole to 490 with water level at 440 with 8 turbine pump.(logged in 1998) The west well has an open hole to 502 with water level at 446 with 8 pump. (logged in 2009)There are two Valley 8000 Sprinkler Systems on tract 3. Both are 8 Tower* 11.2 x 38 tires*Standard Panels* 1- with 17883 hours, Serial Number 81731, and the other 8595 hours, Serial Number 81746 . Corn and milo were raised on Tract 3 for the 2015 crop year. The corners and the east half of tract 3 are currently planted in wheat and will convey with the property. The wheat is in excellent condition and should provide good grazing, grain, or both. Tract 3 also has a 2006, 2 HP domestic well near the NW corner (with well house), and a tail water pit in the SE corner. Tract 3 wells are tied together with Tract 1. Sellers believe they own approximately one half of the mineral interests. Sellers will convey all mineral interests and wind rights currently owned by Sellers.

Taxes: $1,962.31 (2015 projected base amount with all entities)

Legal Description Tract 4: T4S R4E, South/2, Section 28, Parmer County Texas, containing 320 acres more or less.

Description: Tract 4 is a very nice half section of irrigated farmland located in central Parmer County. The land is mostly level and appears to have strong producing soil. There are two wells that are producing a total of approximately 250 gallons of water per minute. The wells are equipped with turbine pumps. The natural gas engines belonged to the previous tenant and have been removed. The west well has an open hole to 512 with water level at 456. (logged in 2010) The east well has an open hole to 494 with water level at 449, with 8 pump. (logged in 2006)There are two T&L Hydraulic sprinkler systems. One has 7 towers and the other has 8 towers. Standard Panels* 1- with 10.00 x 22 tires, 1- with 11.2 x 38 tires* Serial Number 9998* could not locate Serial Number on other unit* Corn and milo were raised on Tract 4 for the 2015 crop year. The corners and the east half of tract 4 are currently planted in wheat and will convey with the property. The wheat is in excellent condition and should provide ample grazing, grain, or both. Sellers believe they own approximately one half of the mineral interests and will convey all mineral interests owned by Sellers. All wind rights owned by Sellers will convey to Buyer.

House* 1652 SF* 2 Bedroom*1 Bath*Central Heat and A/C*Metal Siding*2 Car Garage*Composition Roof*Good Structure* Inside needs cleaning and some repair* No Septic*Older Cesspools* Good Domestic Well* House Sold AS IS without warranty*

There is a nearly new house well with open hole to 494 and water levels at 459, with 2 HP pump installed 12/2014.

Taxes: $ 1,928.36 (2015 base tax amount with all entities)