LEGAL DESCRIPTION:

W/2SE/4 of Section 3-8-21

LOCATION: From the intersection of Hwy 24 and 390th Ave in Nicodemus. Kansas, go 1 mile South to R Road, then 1 miles West to the SE corner of the property. SIGNS WILL BE POSTED!

MINERAL RIGHTS: All of the Sellers interest in the mineral rights and production will transfer to the Buyer at closing.

CROPS: Tenant will retain 100% of all 2012 crops under a current cash lease agreement.

FSA INFORMATION:

Cropland Acres - 71.7+*

Grassland acres - 8.3+

Base Acres DCP Yield

Wheat 49.5* 25

Oats 2.8* 39

Grain Sorghum 18.3* 42

*Estimated

Base acres are combined with adjacent farm and will be split by FSA.

Tenant will receive 100% of all FSA payments associated with the 2012 crop year.

POSSESSION: Date of closing, subject to tenants rights.

REAL ESTATE TAXES: Seller will pay taxes for 2011 and prior ...