7,500+/- Acres CHERRY COUNTY RANCH LAND AUCTION

Dick Minor, Jr.

Tuesday November 10, 2009    1:30 pm

The ranch will be offered in 2 Parcels or as a Unit. The sale will be held at The Gordon Livestock Auction Market following the regular cattle sale on the south-east edge of Gordon, Nebr. At approx. 1:30 pm.

The Vollintine Ranch & DeFrance Ranch

Offered Separate or as a Unit

The Ranch is located 1/4 mile East of Gordon, Nebraska to 190 Ln. 4 mi. south to 610 Rd., 2 mi. East to 170 Ln., 1 mi. south to 600 Rd., 8.25 mi. East across River to the little white building and windmill then 3 1/2 miles south to the northeast corner. The west side of the ranch may also be accessed from Gordon by going 10 miles south on Hwy. 27 to 590 Rd, then 2 miles east to 180th Ln. and 10 miles south across the Niobrara River to the southwest corner.

Vollintine Ranch 4,717 Acres +/- (with School Land Lease)

This is the west side of this ranch unit. The headquarters are 1 mile west of the Minor sign. This Sandhills ranch extends 1 1/4 mile north of the home and buildings and 3 miles south of the headquarters. The west portion adjoins Sheridan County. Good Meadow!

LEGAL DESCRIPTION: W 1/2, NW1/4NE1/4 -15-31-40 (Pt of Tax ID #160023548); SESE 8-31-40 (Tax ID # 160084938); NE, SENW, N1/2SE 16-31-40 (Tax Id # 160023556; All 19-31-40 (Tax ID# 160084946); SWNW, NWSW 20-31-40 (Tax ID# 160084954); S1/2NE, SENW, E1/2SW, SWSW, SE 20-31-40 (Tax ID# 160084962); All 21-31-40 (Tax ID# 160084970); W1/2SW 22-31-40 (Tax ID# 160084989); NW, E1/2SW 22-31-40 (Tax ID# 160084997); NESW, 9-31-40 (Tax ID# 160023513); SE, W1/2SW, SESW 9-31-40 (Tax ID# 160023505); SWNW, W1/2SW, NESW 27-31-40 (Tax ID# 160085004); E1/2NW, NWNW, 27-31-40 (Tax ID# 160085012); N1/2N1/2 28-31-40 (Tax ID# 160084903); S1/2, S1/2N1/2 28-31-40 (Tax ID# 160085020); N1/2 9-31-40 (Tax ID# 160023327); S1/2SW 4-31-40 (Tax ID# 160023297) All West of the 6th PM  in Cherry County, NE

COURT HOUSE records indicate a Total of 4,356.8+/- Taxed Acres with approximately 500 acres classed as meadow land, 3,856.8 acres grass and the balance in home sites, waste and roads. Estimated CH Value: $1,165,000.00 (taxed at 71%) plus $43,950.00 in improvements.

POSSESSION: The Buyer will receive full possession of the land on closing.

PERSONAL PROPERTY: The personal property included in the sale of this ranch: Scott Tub, Alley and Loading Chute, Hydraulic Cattle Working Chute, All gates and panels making a corral or calving pen, propane tanks attached to homes, items of ranch machinery. PERSONAL PROPERTY NOT INCLUDED BUT AVAILABLE TO THE BUYER: Hay or Feed harvested in 2009.

SCHOOL LAND LEASE: The sale of the ranch will include 360 acres of School Land Lease. Improvements valued in 03 at $7,000.00 are included. The rent is semi-annual at a rate of $1,854.00 or $3,708.00 per year. The Lease will be assigned to Buyer at closing.

REAL ESTATE TAXES (2008): $15,927.76 +/-

SALE DAY DEPOSIT: $100,000.00

DeFrance Ranch 2,840 Acres +/-

This is the East side of the Ranch Unit.  The DeFrance includes a contiguous grass unit and 1 center pivot for 5 1/4 miles south of the Minor sign.

LEGAL DESCRIPTION: NE1/4NE1/4 15-31-40:(Pt of Tax ID #160023548); All of 35-31-40 (Tax ID # 160082935; E1/2, SESW of 27-31-40 (Tax ID # 160082927; NW, S1/2 26-31-40 (Tax ID # 160082919); E1/2 22-31-40 (Tax ID # 160082900); SE, S1/2NE 15-31-40 (Tax ID # 160023270); All 2-30-40 (Tax ID # 160082897); N1/2NE, NENW 34-31-40 (Tax ID# 160082781) All West of the 6th PM  in Cherry County, NE

COURT HOUSE records indicate a Total of 2,840 +/- Taxed Acres with 2,686 +/- acres of Grass Land, 134 acres Irrigated Land, approx 20 acres meadow, and the balance in home site, roads and waste.

FARM SERVICE AGENCY: The irrigated circle is not signed up to participate in the farm program. There is no other farm land.

POSSESSION: The Buyer will receive full possession of the land on closing.

PERSONAL PROPERTY: The personal property included in the sale of this ranch shall be: the T & L  8 Tower Center Pivot and attached pump & motor, propane tank, panels making a corral or calving pen, and head catch.

NRD INFORMATION: (Middle Niobrara NRD) Certified Acres = 134. No pumping limitation, or meters, are at this time.

WELL INFORMATION: Well # G-038831. Date 4/24/1973, Drill depth: 220 ft., Pumping level: 190 ft., Static Level: 45 ft., 700 Gallons per minute. The last 4 years the power cost has averaged $65.08 per acre.

REAL ESTATE TAXES (2008): $9,702.34  Estimated CH Value: $915,845.00 +/-(taxed at 71%) plus $16,000 +/- in improvements.

SALE DAY DEPOSIT: $75,000.00

TITLE: Seller will convey property by Warranty Deed supported by Title Insurance, showing good and merchantable title subject to easements and restrictions of record at a cost of one-half to Seller and one-half to Buyer. Sold subject to existing fence lines.

TAXES: Seller will pay customary closing costs and Taxes to December 31, 2009 based on the most recent valuation and mill levy.

MINERALS: The Seller’s are reserving No Minerals.

TERMS: The land is to be sold for Cash. All financial arrangements must be made prior to the Auction. The sale is subject to Seller confirmation; however, it is the Seller’s desire to sell to the highest and best bidder. The Sale Day Deposit will be made day of sale upon being the successful bidder which will require signing the Purchase Agreement. The deposit will be applied to the purchase price with the balance due at closing on or before December 18, 2009.

NOTE: Information Obtained From Sources Deemed To Be Reliable, But Is Not Guaranteed. Interested parties should and are expected to conduct their own analysis. All Agents’s representing Kraupie’s Real Estate & Auctioneers are working as Seller’s Agents. Buyers and Agents should note, we will not accept Sub-agency without prior written consent.  Announcements at sale supersede all prior advertising, printed or oral.