TERMS: 10% down day of sale, with the balance to be paid on or before August 19, 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: All of the Sellers interest will transfer to the Buyer(s) at closing.

CROPS: Buyer(s) will receive the landlords share of the 2011 crops.

FSA INFORMATION: Buyer(s) will receive the landlords share of the FSA feed grain payments associated with the 2011 crop year, and of the FSA wheat payments associated with the 2012 crop year.

CLOSING: Closing on or before August 19, 2011.

POSSESSION: Tract 1: Date of closing

Tract 2: Date of closing on the open ground and after corn harvest on the planted

corn acres.

Tract 3: After corn harvest on the planted corn acres and after the 2012 wheat

harvest on the acres to be planted to wheat this Fall.

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

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.

ACCEPTANCE OF BIDS: The successful Buyer(s) 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.

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 or county appraiser acres.

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Sellers nor 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.

AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the exclusive agents of the Sellers.

LAND & IMPROVEMENTS WILL SELL AT 10:30 AM, CDT

MACHINERY, HOUSEHOLD ITEMS & ANTIQUES WILL SELL IMMEDIATELY FOLLOWING SALE OF THE LAND

OPEN HOUSE DATES:

July 2nd 11am 2pm & July 18th 3 6pm

TRACT 1 - IMPROVEMENTS

2,400 sq ft 1 story home built in 1935 in excellent condition. Original hard wood floors, 4 bedrooms, (3 up, 1 down), 1 bath, & full unfinished basement. Natural gas heat, (hot water boiler needs repaired or replaced), & water well. This tract also includes a 2-car garage, 38x74 quonset, barn w/hay loft & other supporting outbuildings. Property is selling AS-IS, WHERE-IS with no warranties, either expressed or implied.

AUCTIONEERS NOTE: The Roesener family moved to the McDonald-Bird City area from Nebraska in 1914 and settled on this farm. They have had a successful farming operation since that time. They are good stewards of the soil and built the home in 1935.

We will offer the farm in 3 tracts and combos to suit the Buyer. The Buyer will get possession of the open land and improvements on the date of closing, except on Tract 3 where the tenant will plant the Fall wheat and deliver the landlords share to the Buyer in 2012.

Contact Ed Currier, listing agent, at 785-443-0099 for an appointment to tour this property. Be sure & attend an open house on July 2nd or July 18th!!