Legal: NW/4, Section 15, Block Y, WD & FW Johnson, Bailey County, Texas,

A306D, containing 160 acres more or less.

Taxes: $189.23

Minerals: Buyer receives all minerals currently owned by Seller, if any.

Electricity available

Fences: Poor

Wells: Property has 2 wells that are cased with no pumps. Pumps were removed for tax purposes. Depth unknown at this time. There is a very good possibility of decent water on this property.

CRP:

Acres Enrolled: 124.5

Rental Rate Per Acre: $33.89

Annual Contract Payment: $4,219.00

Remaining CRP Payments: $4,219.00 x 5 years = $21,095.00

Contract Expiration Date: 9/30/2012

Listing Price: $68,000.00. or $425 per acre

Description: Primarily sandy soil, County Road access, Good grazing property with 5 years remaining on CRP contract. Some Mule Deer, Sandhill Cranes, Quail, and Dove.

Motivated Seller