Legal Description: SE 1/4 in Section 29-109-79 less and except highway right of way and Less and except Lot W and Less and Except Dougherty Estates Addition Tract 1 (151.96 acres) and That Part of NW4SW4 Lying N & W of US Hwy 83 in Section 28-109-79 (4.04 acres)

Acres: 156+/-

Taxes: $543.80

According to FSA information, Tract 1 has approx. 134 tillable acres in Section 29 and has an approx. FSA corn base of 38.8 acres with a 39 bu. Direct and 50 bu. CC yield, soybean base of 14.4 acres with a 14 bu. Direct and 17 bu CC yield, Wheat base of 47.5 acres with a 27 bu. Direct and 28 bu CC yield, and Grain Sorghum base of 22.4 acres with a 39 bu. Direct and 36 bu CC yield.

Tract 1 has approx. 4.6 tillable acres in Section 28 and has an approx. FSA soybean base of sunflower base of .6 acres with a 762 bu. Direct and 762 bu CC yield, Wheat base of 1.9 acres with a 25 bu. Direct and 25 bu CC yield, and Grain Sorghum base of 1.7 acres with a 25 bu. Direct and 25 bu CC yield.

According to Surety Agri Data, Tract 1 has a Productivity Index of 65. This tract includes a 4.13 acres of CRP (CP16A), comprised of a young tree belt, expiring in 9/30/2016 with income of $111 per year. These trees border a previous acreage site that with water and electric available. If the new owner wants to continue service, it is $40 per month and you must contact the provider at West River Lyman Jones Rural Water at 800-851-2349. A hot, high pressure Sundance Well is located on this tract and is approximately 2200 foot in depth. This well has not been inspected. This SE1/4 is the base property for the US Forest Service (Central SD Cooperative Grazing District) Grazing Permit of 820 AUM’s on the Fort Pierre National Grassland. This is equivalent to 175 yearlings grazing for 185 days or 120 cows grazing for 191 days for an assessment of approximately $1500 per year. In order to meet commensurate property requirements for this permit, the purchaser needs a total of 164 base acres tied to the 820 AUM’s (.2 acres for every AUM). For specific details, call the Fort Pierre National Grassland at 605-224-5517.

Title Exceptions Summary: See Title Commitment #2010-506 on our website for complete details.

Sch. B-Section II: Item 12: Buried Exchange Facility Easement to Northwestern Bell Telephone Company.

Item 13: Easement given to Dept. of Interior, Bureau of Reclamation for underground water pipeline.

Item 14: Assignment of Well and Pipeline

Item 18: ROW Easement given to West Central Electric Coop for an electrical transmission and distribution line with right of ingress and egress across property.

TRACT 2

Legal Description: SW 1/4 in Section 29-109-79

Acres: 160+/-

Taxes: $436.14

According to FSA information, Tract 2 has approx. 122.5 tillable acres and has an approx. FSA corn base of 35.5 acres with a 39 bu. Direct and 50 bu. CC yield, soybean base of 13.1 acres with a 14 bu. Direct and 17 bu CC yield, Wheat base of 43.5 acres with a 27 bu. Direct and 28 bu CC yield, and Grain Sorghum base of 20.5 acres with a 39 bu. Direct and 36 bu CC yield. According to Surety Agri Data, this tract has a Productivity Index of 51.

Title Exceptions Summary: See Title Commitment #2010-506 on our website for complete details.

Sch. B-Section II: Item 17: Reservations by State of SD through Rural Credit Board, right of way for irrigation ditches, canals etc, by SDC61.0147 and rights relating to deposits of coal, ores, metals, and other minerals, asphaltum, oil, gas and other like substances.

Item 18: ROW Easement given to West Central Electric Coop for an electrical transmission and distribution line with right of ingress and egress across property.

TRACT 3

Legal Description: NW 1/4 in Section 29-109-79

Acres: 160+/-

Taxes: $288.06

According to FSA information, Tract 3 has approx. 124.3 tillable acres and has an approx. FSA corn base of 10.3 acres with a 39 bu. Direct and 50 bu. CC yield, soybean base of 3.8 acres with a 14 bu. Direct and 17 bu CC yield, Wheat base of 12.6 acres with a 27 bu. Direct and 28 bu CC yield, and Grain Sorghum base of 6 acres with a 39 bu. Direct and 36 bu CC yield. According to Surety Agri Data has a Productivity Index of 23.

Title Exceptions Summary: See Title Commitment #2010-506 on our website for complete details.

Sch. B-Section II: Item 15: Reserve One-Half Interest in all oil and gas and mineral rights to Wilcy and Grace Masteller, upon death of Grace, her interest to pass unto Stephanie Allen Davis and Carole Nadine Davis.

TRACT 4

Legal Description: NE 1/4 in Section 29-109-79

Acres: 160+/-

Taxes: $413.52

According to FSA information, Tract 4 has approx. 140.6 tillable acres and has an approx. FSA soybean base of 15.2 acres with a 9 bu. Direct and 11 bu CC yield, Wheat base of 12.6 acres with a 27 bu. Direct and 28 bu CC yield, and Grain Sorghum base of 15.2 acres with a 38 bu. Direct and 35 bu CC yield. According to Surety Agri Data has a Productivity Index of 62.

Title Exceptions Summary: See Title Commitment #2010-506 on our website for complete details.

Sch. B-Section II: Item 16: Reservation by USA acting through Forest Service, USDA to Billy W. Wyly reserving in perpetuity to US all minerals together with usual mining rights, powers and privileges

Item 18: ROW Easement given to West Central Electric Coop for an electrical transmission and distribution line with right of ingress and egress across property.