TERMS: 10% down day of sale, with the balance to be paid on or before January 5, 2010, 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: There are two producing oil wells on this land and Sellers will retain 100% of the mineral rights for as long production exists.

CROPS: There are approximately 282.0 acres planted to wheat and Buyer will receive 100% of the 2010 growing wheat crop. At closing, Buyer(s) will reimburse Seller $40/acre for input costs on the actual planted acres.

FSA INFORMATION: Cropland Acres – 282.6

Grassland Acres - 357.4

Base Acres DCP Yield

Wheat 157.1 33

Grain Sorghum 35.9 41

Sunflowers 32.7 966

Buyer will receive 100% of all FSA payments associated with the 2010 crop year

CLOSING: Date of closing will be on or before January 5, 2009.

POSSESSION:

?Possession will be the date of closing on the planted wheat acres, and all improvement buildings.

?Possession on the grass will be January 14, 2010, subject to the tenant’s rights.

?Possession on the grain bins will be May 1, 2010.

REAL ESTATE TAXES: Sellers will pay taxes for all of 2009 and prior years. Taxes for 2010 will be the responsibility of the Buyer. (2008 Taxes - $965.74)

ACCEPTANCE OF BIDS: The successful bidder will be required to enter into a Farm & Ranch Real Estate Purchase Contract immediately following the auction. Copies of the contract will be available from the auction company prior to the sale.

EVIDENCE OF TITLE: Sellers will provide title insurance to the Buyer in the amount of the purchase price with the premium to be paid one-half by the Buyer and one-half by the Sellers. 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 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 the existing oil and gas leases of record.

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

AUCTIONEER’S NOTE: The Mumma Family Trust will sell 640 acres of Lane County land at ABSOLUTE PUBLIC AUCTION on Thursday, December 3rd in Dighton. This section offers good cropland, good grassland, and a farmstead with a nice windbreak, excellent bins, shop building & great building site! All of the approximately 282 acres of 2010 planted wheat goes to the buyer.

This farm is located in a good neighborhood with a strong farming tradition. Call Neal Mann at 785-635-2102 or Dan Mumma at 620-397-3266 with questions.

Don’t miss this opportunity!!!!