LAND AUCTION

Tuesday April 3, 2012 at 7 P.M.

Finch Theater, 122 E Lincoln Ave, Lincoln, Kansas

These tracts will be offered separately and combined!

Tract 1: The North 1/2 of Section 1, Township 13 South, Range

6 West of the 6th PM, Lincoln County, Kansas

315.75 total acres +/- of upland terraced land.

49.3 acres +/- of CRP paying $2,880.00/year expiring 9/30/21

14.43 acres +/- of non tillable wildlife habiat

8.11 acres +/- of waterways

243.91 acres +/- terraced exp CRP currently being hayed

Tract 2: The East 1/2 of Section 36, Township 12 South, Range

6 West of the 6th PM, Lincoln County, Kansas

319.3 total acres +/- of upland terraced land and pasture.

44.22 acres +/- of CRP paying $2,074.00/year

5.27 acres +/- of non tillable wildlife habiat

1.96 acres +/- of waterways

34.33 acres +/- expired CRP

109.1 acres +/- upland tillable currently in wheat production

124.46 acres +/- pasture with good fence and water

FSA Base acres: 94 acres in wheat base

Total DCP payment: $1,328.22

Taxes: $1,852.94 on 317.1 taxable acres

Possession: Subject to tenant rights on tillable land and pasture

Mostly Class III Soils

TERMS

The highest bidder will pay 10% down on each tract the day of the sale and sign

a real estate purchase contract. The balance will be due with certified funds on

May 4, 2012, or on such earlier date as Buyer and Seller shall mutually agree. This sale will not be contingent to financing.

Taxes: Seller to pay the 2011 taxes. Buyer to pay the 2012 taxes.

Title Insurance and Escrow Fees: The Title Insurance and Escrow fees will be paid one half by the Seller and one half by the Buyer. A lender’s policy will be

the responsibility of the Buyer.

Minerals/Water: The Sellers interest is selling with the real estate.

Note: Statements made the day of the sale take precedence over all printed and

oral material. Acreages are approximate as given by the U.S. Government sur-

vey, the local FSA office, the Lincoln County Appraiser’s Office, and the Lin-coln County Treasurer’s Office. There is no acreage guarantee given by the local

FSA office, the LincolnCounty Appraiser’s Office, and the LincolnCounty

Treasurer’s Office or the Real Estate Auction Firm. All information is from sources deemed reliable but is not guaranteed. All property sells “as is” with no

guarantees or warranties made by the Seller of the Real Estate Auction Firm. All

potential bidders are responsible for their own inspections of the real estate. The

land will be sold by the parcel, not by the acre.

Agency: Horizon Farm and Ranch Realty , LLC, and its agents, are the

Seller’s Agent in this transaction.

Announcements made day of auction take precedence over all written or oral

information.

SELLER

R&L Kansas Farms LLC

Seller is R&L Kansas Farms LLC.

Sale subject to Seller’s stated reserve gross sales price of $930,000.00.

Tract 1:

FSA Base acres: 5.9 acres in wheat base

Total DCP Payment: $84.78

Taxes: $3,248.16 on 319.5 taxable acres

Possession: Immediately upon closing

Nearly 50 acres of Class II Soils with the balance in Class III.

With the current commodity and hay prices this farm would

have potential for a return on investment!

TRACT 2

TRACT 1

Horizon Farm and Ranch Realty LLC

584 N 190th

PO Box 158

Bennington, KS 67422

Horizon Farm and Ranch LLC has strived to provide the best possible experience

for both the Buyer and Seller. Our agents have over 120 years of

combined experience in farming and ranching, with values that are

unsurpassed. We are the leading agricultural agency in central Kansas. Use us

and experience the personal attention and knowledgeable staff that sets us

apart!

COME JOIN US FOR A

LINCOLN COUNTY

LAND

AUCTION

APRIL 3, 2012 @ 7 PM

At the FINCH THEATRE,

LINCOLN, KS

Two tracts offered

separately and combined!

Seller stated reserve gross

price of $930,000.00

A good upland farm with a

combination of Tillable,

Pasture, CRP, and expired

CRP. All offered in one

night!

With today’s ever increasing

land and commodity prices,

this farm has serious

possibilities.