Land located: from Kimball, Nebraska 17 miles north on Hwy. 71 to CR 14 then 11 miles east & 1 mile south OR 7 miles south of the Jct. of Hwy. 71 & 88 at Harrisburg,NE. to CR 14, then 11 miles east & 1 mile south.

Legal Description: All of Section 3; E1/2 & SW1/4 Section 4, all of Section 9 and Section 10 Township 17N, Range 53 West 6^th P. M., Banner County, Nebraska.

General Description: This is a naturally beautiful and well cared for Ranch. You will find this ranch has benefited from the best of care and conservation. There is excellent grass cover even after the dry conditions. This is your opportunity! Make plans now to buy some of the most appealing country in the Southwest Panhandle! The entire Ranch contains 2,340 total acres of Deeded Land. There are 400 acres in farmland of which 314 acres are tillable and 105 acres in Continuous Conservation Reserve Program. Mark Dvorac is farming the farm land on a crop share bases 1/3 – 2/3. The farm ground has averaged 32 bu per acre over the last 5 years! This land is abundant with wildlife including Deer, Pheasant and Wild Turkey. The Alexander’s have enjoyed the wildlife without hunting. In making preparation for the sale we have decided to offer the ranch in parcels that would not require a survey and base the individual parcels on the existing fence lines.

Improvements: (in Section 9 or Tract One) A nice 1998 28’x80’Modular Home with 4 bedrooms and 3 Baths. There is a new submersible well at the home site 2 years old, 260 ft. total depth, Static Water 176 ft. , pump set at 198, pumped15 GPM; The new well works in conjunction with the existing system The buildings include: a 40’x75’COOP Steel Building with full cement floor; Barn in good repair, tin sides and roof; 18’x30’ shop; 2 chicken houses; 4000 bushel granary; and an older original house. (in Section 4 or Tract Two) An older 674 sq. ft. home plus an older Quonset & outbuildings. This home is currently rented for $75.00 per month. This yard has the well that supplies the pipeline to the pastures.

Farm Service Agency Information: The payments apply to Tracts One & Two only. Price shall include, all CCRP payments and regular FSA payments from October 1, 2002 to 9/30/2016. The Buyer must assume the CCRP contract. The program is administered by NRCS until 10/1/04. The Contract calls for an 80% survival rate of trees planted. Beyond 10/1/04 the program is to be administered by the County FSA office.

Taxes: The 2002 Real Estate taxes are $5,490.58 and will be paid by the Seller. Tract One: $2,192.98, Tract Two: $2,340.20, Tract Three: $957.40.The Buyer will be responsible for all of the 2003 Real Estate taxes.

Minerals: The Sellers are reserving none of the existing minerals. Land is under current oil, gas or mineral lease on Section 9 only. This section is included in a water flood unit and receives an unsubstantial payment annually.

Possession: Possession on the grassland and farmland (subject to tenant rights) will be given on closing April 25th, 2003, with exception of the home and buildings in Section 9. The Alexander’s will retain possession of the home until May 22, 2003 in order to relocate and have an equipment auction. The current farm land tenant is Mark Dvorac. The planted wheat is on Tract Two (approximately 62.4 acres). The Buyer will receive a 1/3 Landlord’s share on the planted wheat for the 2003 harvest. There has been no crop insurance on the Landlord’s share. The Buyer will receive full possession of the balance of the farmland which is in stubble. Should the Buyer desire to retain Mark as a tenant, he would like to continue to farm the land.

PRICE: To be determined at auction on March 7, 2003 at 1:30 P.M. at the Kimball Events Center at 615 E. 3rd in Kimball, Nebraska