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Real Estate Auction

Selling 160 Acres of Ellis County, Kansas Real Estate

FOR

LEO P. DREILING TRUST - CAROLYN M. DREILING TRUSTEE

Monday, May 9, 2011 - 11:00 AM

        Auction Location: The Bingo Haus, 1218 Canterbury Drive,              Hays, Kansas

Jim VonFeldt, Listing Agent - 785.623.7979

Sold - $197,000.00

LAND LOCATION: From intersection of Canterbury Dr. & 27th Street, Hays, Kansas, 3 miles E to Toulon Ave, 3miles N to Catherine Road, 2 miles E to 310 Ave. then N 6.5 miles to SE corner of property.

NE of Section 9, Township 12, Range 17, W of 6 PM

116.6 Acres CRP 40.3 Acres Grassland

Wheat Base 65.4 Acres

Grain Sorghum Base 6.7Acres

Taxes $200.06 (2010)

Terms; 10% down, day of sale, with balance to be paid at closing. Closing shall be on or before June 9, 2011.

Possession At closing on CRP purchaser to receive 100% of all CRP payments contract period 10-01-2010 thru 9-30-2020. Rental rate $28.30 per acre. Annual contract payment $3,300.00. March 1, 2012 on grassland with the 2011 rent to be credited to purchaser, rent being $600.00

Minerals Sellers Reserving of Mineral Rights for a term of 10 years or so long as oil is being produced (If Any)

Title Insurance Cost of the title insurance will be shared 50/50. Mortgage Policy, if required, will be at the expense of the purchaser.

Taxes Seller to pay 2010 and prior taxes; purchaser to pay 2011 and Subsequent Taxes. 2010 Taxes were $200.06

Conditions:  All acreages are considered to be approximate and are deemed to be from reliable county & FSA sources. Buyers are encouraged to verify details and view properties prior to the auction. Announcements made day of sale shall take precedence over printed material. This auction sale is not contingent upon the purchaser's ability to finance the purchase. Consult you loan agency prior to the auction.