LAND AUCTION

Sale of land to be held at the Bingham Lutheran Church, Bingham, Nebraska

LAND LOCATED: 4 Miles North and ½ West of Bingham, Nebraska

This is a good Sandhills grazing parcel with very good access. There are two windmills, one in the middle and one on the west side. The west mill and tower were replaced not too long ago by the Blacks and appears very close to the property line. Approximately 1 3/4 miles of the south side is not fenced. The pasture has been used for grazing for years however there may be some land that could possibly be hayed.

Legal Description: S½NE¼, N½SE¼ Section 12, Township 24, Range 42; S½SW¼ Section 5, SE¼SW¼, S½SE¼ Section 6; and N½ Section 7, all Township 24, Range 41 West 6^th P. M., Sheridan County, Nebraska

Real Estate Tax: 2001 Real Estate Tax $1,035.86

Minerals: Sellers are reserving none of the existing minerals. This land is not under current oil, gas or mineral lease.

Possession: Full possession on closing.

Terms: Price to be determined at Public Auction on February 26, 2002. Sale of land will be held at 1:30 P. M., at the Bingham Lutheran Church in Bingham, Nebraska. This land is to be sold for cash. All financial arrangements must be made prior to the Auction. A Deposit of $10,000.00 will be required on sale day upon being the successful bidder. The deposit will be applied to the purchase price with the balance due on closing, which will be on or before March 26, 2002.

The Buyer and Seller will co-operate with either party in using a 10-31 Tax-Deferred Exchange, not to exceed intended closing. The sale is subject to seller confirmation; however, their desire is to sell to the highest and best bidder! Announcements at sale supersede all prior advertising.