For: Richard C. Chambers

Date: Monday May 2nd, 2016

Time: 10:00 A.M.

Auction Location: The American Legion: 114 S Rodehaver Ave., Oberlin, KS 67749

Manner of Sale

Land to sell in individual Tracts only

Tract I Legal Description

Northeast Quarter (NE/4) of Section Five (5) Township Four (4) South, Range Twenty-Eight (28), West of the 6th P.M., Decatur County, KS.

FSA Information

153.33 Acres Cultivation

4.41 Acres Grass Waterway

Tract II Legal Description

Northwest Quarter (NW/4) of Section Five (5) Township Four (4) South, Range Twenty-Eight (28), West of the 6th P.M., Decatur County, KS.

FSA Information

140.89 Aces Cultivation

16.23 Acres Grassland

Tract III Legal Description

Northwest Quarter (NW/4) of Section Two (2) Township Four (4) South, Range Twenty-Eight (28), West of the 6th P.M., Decatur County, KS.

FSA Information

154.51 Acres Cultivation

3.01 Acres Older Farmstead with no inspections

Tract IV Legal Description

The West Half (W/2) of Section Six (6) Township Four (4) South, Range Twenty-Seven (27), West of the 6th P.M., Decatur County, KS.

FSA Information

251.91 Acres Cultivation

55.03 Acres Grassland

Land Location

From the junction of Highway 36 and Highway 83 in Oberlin, KS. Go South 6mi to “M” Lane, then 2 ½ mi East to the center of Tracts I & II.

Taxes

Seller to pay the 2016 and prior taxes. Purchaser to pay the 2017 and subsequent taxes.

Minerals

All sellers interest to be conveyed, to sellers knowledge minerals are intact.

Terms

10% down day of sale, balance to be paid upon title approval and delivery of deed, said closing to be on or before June 2nd, 2016 or as soon as title requirements, if any, can be corrected. Title insurance will be furnished and the cost to be equally shared between seller & purchaser.

Government Payments

Purchaser to stay in compliance with all U.S. Government Programs the property is presently enrolled in. Purchaser to receive crop interest payments for 2017 and future.

Possession

All Tracts are subject to an existing cash lease between the seller and John Nelson and Darren Nelson dating March 01, 2016 and ending February 28, 2017. Each Tract has a different cash lease amount that has been paid and will be retained by seller. Possession will be March 1st, 2017 on all idle acres and Purchaser receiving 100% of the cash rent on the growing crop acres March 1st, 2017.

The yearly cash rents on each Tract are as follows: Tract I- $65.55/acre; Tract II-$65.55/acre; Tract III-$95.00/acre; Tract IV- $66.50/acre.

Note

Due to previous health concerns, Mr. Chambers is offering at public auction these highly productive Tracts of Decatur County Real Estate. Announcements made day of sale shall take precedence over printed material. Farmland Auction & Realty Co., Inc. hereby certifies that, to the best of their knowledge and belief, the statements of fact contained in this sale bill are true and correct. All the information contained was taken from reliable sources, however Farmland Auction & Realty Co., Inc. does not make any warranties or guarantees to their accuracy.

Agency Disclosure

Farmland Auction & Realty Co., Inc. is the agent of the seller. If the purchaser desires representation, legal counsel is advised.

Farmland Auction & Realty Co., Inc.

1390 E 8th, Unit A, Hays, KS 67601

785-628-2851 Toll Free: 1-888-671-2851

E-Mail: farmland@farmlandauction.com

Web: www.farmlandauction.com