BOYD COMMUNITY CENTER , Phillipsburg, KS 67661(Phillips County)

TERMS: 10% down day of sale, with the balance to be paid on or before October 20, 2011, 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. Announcements made day of sale take precedence over printed material and previously made oral statements.

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

CROPS: Crops on Tracts 1 and 2 will be retained by the tenant. There are no growing crops on Tract 3.

FSA INFORMATION: Buyer(s) will receive 100% of all FSA payments associated with the 2012 crop year.

CLOSING: Date of closing will be on or before October 20, 2011.

POSSESSION:

Tract 1: Date of closing, subject to the tenants rights to on or about January 1, 2012, to graze the bean residue.

Tract 2: Date of closing on the cropland acres; subject to the tenants rights to on or about January 1, 2012, to graze the bean residue; and January 1, 2012, on the grassland acres.

Tract 3: January 1, 2012.

REAL ESTATE TAXES: Taxes for 2011 will be prorated to the date of closing. See chart below for 2010 tax amounts.

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

EVIDENCE OF TITLE: Seller 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 Seller. Title evidence will be provided on sale day.

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 same as deeded acres.

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.

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.

INTERNET BIDDING AVAILABLE!

Register by Sept. 9, 2011, to bid online! Call for details!

AUCTIONEERS NOTE: The soybeans look fantastic! This farm would be great for grazing cattle and raising crops, feed or anything else. The location on US Hwy 183 gives it great all weather access!

Should the farm be split into individual tracts, it will be the responsibility of the Buyers to erect fences on the property lines. The ponds furnish water to the pastures and the fences are good.

This will be a MULTI-PARCEL auction, you may buy one quarter, 2 quarters or all three. Tracts1 and 2 have highway right of way, and the home has been deeded off, therefore the auction acres are as listed in the chart above.

Give James a call at 785-656-3984 for more details and a tour of the land TODAY!! SEE YOU AT THE AUCTION!