LEGAL DESCRIPTION: Tract #1, Southeast Quarter (SE1/4) of Section Seven (7), Township Nine (9) North, Range One (1) West of the 6th P.M., York County, Nebraska. (Selling as 160 acres) Tract #2, Southwest Quarter (SW1/4) includes E1/2 vacated road of Section Seven (7), Township Nine (9) North, Range One (1) West of the 6th P.M., York County, Nebraska. (Selling as 164 acres) Includes acreage/home.

LOCATION: From Waco Exit #360 on I-80 five (5) miles South on the West side of road.

REAL ESTATE TAXES: The 2005 real estate taxes were on Tract #1 ( SE1/4) $ 3,675.58, and on Tract #2 (SW 1/4) $ 5,502.38. 2006 and all prior year taxes will be paid by sellers.

GENERAL INFORMATION: Tract #1 -The FSA records indicate there
are 136.2 cropland acres and 23.8 acres in pasture. The feed grain bases are: Corn -111.5 acres and Soybeans - 24.7 acres. The estimated government payment is $3,526.00 Tract #2 The FSA records indicate there are 128.6 cropland acres and the balance in pasture, river and acreage (home site). The feed grain bases are: Corn - 105.3 acres and Soybeans - 23.3 acres. The estimated government payment is $ 3,007.00.

WELL INFORMATION: Tract #1, Reg. # G-012358. Well logs indicate 1,000 gpm, at a depth of 196', 8" column, casing of 18", static level of 40', and a pumping level of 54'. This well has a 40 horsepower electric motor. Tract #2, Reg. # G-024850. This well is located North of the acreage. Well logs indicate
1,000 gpm, at a depth of 190', 8" column, casing of 18", static level of 35 ‘, a pumping level of 51’ , this well has a US sixty (60) horsepower electric motor. The second well is located Northeast of the acreage - Reg. # G-012357. Well logs indicate 1,000 gpm, at a depth of 193', 8" column, casing of 18", static level of 21' , pumping level of 32' , and this well has a 25 horsepower electric motor.

ACREAGE INFORMATION: This home was built in 1951 but has been completely remodeled. It has 1,834 square feet, main floor laundry, large eat-in kitchen, 3 bedrooms, newly remodeled bathroom on the main floor with a basement that has approximately 1,317 square feet finished with a nice fireplace in family room. This acreage also has a double detached garage, two nice sized out-buildings, a smaller grain bin with a functional granary and fenced-in livestock pens.

SOILS: Tract #1, Predominately Butler Silt Loam, with some Hastings Silty Loam and Hord Silt Loam. Tract #2 - Predominately Hord Silt Loam with some Geary Silty Clay Loam.

POSSESSION: Full possession March 1 2007. Landlord’s possession upon final closing.

ORDER OF AUCTION: We will be selling each tract separately. No combinations will be offered. Tract #1 will sell first, then Tract #2 with the acreage site.

TERMS & CONDITIONS: Buyers will be required to enter into legally binding purchase agreement with 15% earnest deposit day of purchase with balance due in full with certified funds on or before December 15, 2006, made payable to Norm Green Realty & Auction Trust Account. If required, seller will have survey done to establish a boundary line between the two farms at seller’s expense. Title Insurance and Escrow Closing Fee shall be shared 1/2 to seller 1/2 to buyer. Trustee’s deed will be given transferring good title. Farms sell subject to confirmation of sellers. Norm Green Realty & Auction and their associates are representing the seller’s only as their agent. Any other terms, factors or conditions announced day of sale shall take precedence over any printed material.

AUCTIONEER’S COMMENT: We have been commissioned by the Merna Bailey Trust to offer these farms at public auction to the highest bidder. These farms are located in a highly productive farmland area with good soils and water. Plan on attending and buy the auction way. Direct all inquiries to Ross Ronne – 366-7818, John Romohr 366-0288 or Michelle Ronne 362-5595 for more information or further details.

MERNA BAILEY TRUST, OWNER