Chase County Pivot Real Estate Auction

This cash sale requires a 15% earnest deposit at signing of the
Purchase Agreement immediately following the Auction. The balance of
the purchase price is payable in certified funds at Closing, on or before
March 29, 2018. There is no contingency for financing. Sellers to convey
title by Warranty Deed; with Title Insurance evidencing merchantable
title. Cost of Title Insurance and an Insured Closing by the Title Company
will be shared 50/50 by Seller/Buyer. Property sells subject to easements,
rights-of-way, zoning, and restrictions of record; Free and clear of all
liens. The property sells in “as-is” condition; No warranty is expressed or
implied as to the adequacy of any portion of the property. Auction reserve
price of $600,000 by Sellers.

Reported acreages were obtained from the County USDAFSA
office, and County Assessor. The farm sells without regard to acres.
No warranty is expressed or implied as to exact acres. The legal descriptions
are subject to existing fence/field boundaries.

FSA acres - 154.85 cropland; Base Acres: Wheat 22.06 acres at 66 bu; Corn 46.57 acres at 148 bu; Soybeans 30.07 acres at 55 bu. Corn is enrolled
in ARC-CO and Wheat and Soybeans enrolled in PLC. 15.5 acres CRP contract - 11.2 acres at $37.73/Ac through 9/30/18, 4.3 acres at
$47.00 through 9/30/23; Buyer receives 2018 and future payments.

Irrigation Water - 130 Certified Irrigated Acres in the Upper Republican NRD, with 51 inch carryover plus 65 inch allocation for 2018-2022;
116 total inches. Well registration #G-073054, depth 275 ft; tested by Sargent
Irrigation in 2012 at 674 GPM from 149 ft, 31 psi.

Pivot - 130 acres with 7 tower Valley, with 60 HP U.S. Electric motor.

Soils - 36% Class I Rosebud & Kuma Silt loams, 62% Class III Rosebud & Rosebud-Canyon loams.

Grain bin - 18,800 bu MFS grain bin with aeration; with submersible livestock well at the bin site.