LEGAL DESCRIPTION:

Part of Sections 29, 30, 31 and 32,

all in Twp 1N, Range 38W

LOCATION: From Benkelman, Nebraska, on Hwy 34 go 2 miles South and 4 West. The property is bounded on the east by Road 33. Excellent access on Hwy 34! SIGNS WILL BE POSTED!

MINERAL RIGHTS: Mineral rights are subject to a prior reservation and Sellers will convey surface rights only to the Buyer.

FSA INFORMATION: Farmland 970.1 acres

Exp CRP 553.9 acres

Grassland 416.2+

There are no base acres assigned to these acres.

CRP INFORMATION: All current CRP contracts expire on 9/30/12. Seller will retain 100% of all 2012 CRP payments.

POSSESSION: Date of closing.

REAL ESTATE TAXES: Seller will pay taxes for 2011 and prior years. Taxes for 2012 will be prorated to date of closing. (2011 taxes = $3,827.22)

PRICE: $1,200,000