LEGAL DESCRIPTION: E/2NE/4 & SW/4NE/4 OF 6-2-32

LOCATION: From Trenton, NE on Hwy 25, go ½ mile South to Road 713, 2½ miles East to Road 367, then ½ mile North to the driveway on West side.

Located 6 miles from Swanson Reservoir & just South of the Republican River!!

MINERAL RIGHTS: Seller is transferring surface rights only.

CROPS: Crops are subject to a cash lease agreement with the 2010 payment to be prorated to the date of closing.

POSSESSION:

Tract 1: Date of closing, subject to tenant’s rights

Tract 2: Date of closing.

FSA INFORMATION:

Tract 1: Cropland acres - 85.1

Base Acres DCP Yield

Corn 46.0 119

Tract 2: Grassland & Improvements acres - 19.8

REAL ESTATE TAXES: Seller will pay taxes for all of 2009 and prior years. Taxes for 2010 will be prorated to the date of closing.

(2009 taxes: Tract 1 - ...