TERMS: 10% down day of sale, balance to be paid on or before April 8, 2014, 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 retain 100% of the mineral rights perpetually.

CROPS: There are approximately 216 acres planted to wheat on Tract 1 that are subject to a Current Cash Lease Agreement. There are no growing crops on Tract 2.

FSA INFORMATION: Cropland acres - 459.07*

Base Acres* DCP Yield

Wheat 231.7 35

Grain Sorghum 17.8 38

*Cropland acres and base acres are currently combined on the two tracts and final cropland and base acreages will be determined by FSA if the tracts sell separately.

CLOSING: Closing will be on or before April 8, 2014.

POSSESSION:

TRACT 1: Date of closing on the open acres and after the 2014 harvest on the acres planted to wheat.

TRACT 2: Date of closing.

REAL ESTATE TAXES: Sellers will pay taxes for all of 2013 and prior years. Taxes for 2014 will be prorated to the date of closing. (2013 taxes Both tracts are combined in the amount of $969.54)

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, including but not limited to the number of cropland acres, grass acres, base acreages and yields. FSA acres may not be the same as deeded acres or county appraiser acres. Acreages are not covered by title insurance.

ACCEPTANCE OF BIDS: The successful bidder(s) will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contracts will be available 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.

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 any current oil and gas leases of record.

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

AUCTIONEERS NOTE: This GREAT CROPLAND FARM is located 9 miles South of Page City off Hwy 40 on County Road 280. There are 216 acres planted to wheat, with the balance open for immediate possession. There are no mineral rights available with this property. THE LAND IS ALL TILLABLE, ON GOOD ROADS AND CLOSE TO THE MARKETS.

Hugh Faulkner owned this productive farm for many years. Upon his untimely death, the beneficiaries have decided to liquidate this farm.

Signs posted for your convenience. There are many tenants available in the area should you need a farmer!

PLAN TO ATTEND THIS AUCTION!!