Tract 7 and Tract 8. Tract /- Acres. Tract 8-80+/- Acres

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580 Ave 580 Rd 581 Ave 581 Ave ve 5825 Ave 5825 Ave 584 Ave 584 Ave 4 Ave Tract 7-235+/- Acres Tract 7 and Tract 8 Location: From the intersection of Highway 12 and 581 Avenue west of Newcastle, Nebraska, go south to 884 Road and then another quarter mile. The farm is on the east side of 581 Avenue. Buckskin Hills Lake lies to the west of the farm. Legal Description: SW 1/4 and S 1/2 NW 1/4 in Section 25, Township 31, Range 4, County, Nebraska Comments: 2014 Cash rent to Buyer: $38,900.01 FSA Data: 212.42 Cropland Acres Crop Base (acres) Yield (bushels) Direct and CC Corn 105 73 Soybean 29.4 33 Taxes: $8,539.52. Tax amount includes the bin site which is not included in the sale. The county will readjust tax accordingly. ST 12 885 Rd 581 Ave 8845 Rd Smith St Main St 5835 Ave Newcastle Highway 12 88 8845 Rd 884 Rd 582 Ave 884 Rd 5 84 Av Tract 8-80+/- Acres Tract 7 58 2 Ave Location: From the intersection of Highway 12 and 581 Avenue west of Newcastle, Nebraska, go south to 884 Road then west to 580 Avenue then south one mile. The farm is on the east side of 580 Avenue. Buckskin Hills Lake lies to the east of the farm. 580 Ave Tract 8 883 Rd 83 8 Ave 5825 Ave 583 Ave 882 Rd 584 Ave 8 Legal Description: SE 1/4 SE 1/4 in Section 27, Township 31, Range 4, and SW 1/4 SW 1/4 in Section 26, Township 31, Range 4 all in County, Nebraska 881 Rd 881 Rd Comments: 2014 cash rent to buyer: $14,448.78 FSA Data: 78.9 Cropland Acres Crop Base (acres) Yield (bushels) Direct and CC Corn 40.7 73 Soybean 9.1 33 Taxes: $3,115.54

Maps of Tracts 7 and 8 xon 6749 6749 6756 6749 7153 Sec. 25 6749 7153 T31N R04E Tract 7 6602 7153 6300 Tract 7 T31N R04E Sec. 25 6769 6749 Sec. 36 Sec. 36 Map NON-IRR IRR Symbol Name LCC LCC SRPG ACRES Alcester silt loam, 2 to 6 percent slopes IIe IIIe 73 47.8 Alcester silt loam, 6 to 11 percent slopes IIIe IVe 67 37.7 Crofton silt loam, 8 to 17 percent slopes, eroded IVe --- --- 30.7 7153 Kennebec silt loam, rarely flooded I I 77 27.0 6300 Aowa silt loam, occasionally flooded IIw IIw 59 24.5 6602 Alcester silt loam, gullied, 11 to 60 percent slopes VIIe --- 50 21.1 6749 Nora sil t loam, 11 to 17 percent slopes IVe --- 59 19.5 Crofton silt loam, 17 to 30 percent slopes, eroded VIe --- 38 15.5 6769 Nora-Alcester silt loams, 11 to 17 percent slopes IVe IVe 60 4.8 6756 Nora silt loam, 6 to 11 percent slopes, eroded IIIe IVe 64 3.0 Total 55.3 231.5 Sec. 27 Sec. 27 T31N R04E 6767 Tract 8 6756 Tract 8 T31N R04E Sec. 34 Sec. 34 Map NON-IRR IRR Symbol Name LCC LCC SRPG ACRES Crofton silt loam, 8 to 17 percent slopes, eroded IVe --- --- 24.7 6767 Nora silty clay loam, 6 to 11 percent slopes IIIe IVe 63 19.0 6756 Nora silt loam, 6 to 11 percent slopes, eroded IIIe IVe 64 14.2 Alcester silt loam, 6 to 11 percent slopes IIIe IVe 67 12.6 Crofton silt loam, 17 to 30 percent slopes, eroded VIe --- 38 5.8 Alcester silt loam, 2 to 6 percent slopes IIe IIIe 73 2.0 Total 42.3 78.4

Tract 9 and Tract 10 Tract 9 - Residential Lot Legal Description: Lots 1, 2, and 3, Block 3, Original Town of Ponca, County, Nebraska Comments: Vacant off-street lot with timber and outbuilding Taxes: $235.60 Tract 10 - Residential Lot Location: 503 Second Street Ponca, Nebraska 68770 Legal Description: The North 85 feet of Lots 1 and 2, Block 100, Original Plat of the City of Ponca, County, Nebraska. Comments: Nice level, vacant lot on the corner of East 2nd Street and N East Street Taxes: $119.62 26 E Ponca State Park 1st St St ST 12 4th St Court St Esther St Rock St Bluff St Union St N East St Tract 9 Tract 10 Ponca Tract 11 Tract 5 Tract 6

Aerial Maps of Tracts 9 and 10 T30N R06E Tract 9 Sec. 22 W 2nd St E 2nd St T30N R06E Sec. 22 Tract 10 N East St

Tract 11 Tract 11 - Residential Lot Location: Legal Description: Lot 1, Ashwood Addition to the City of Ponca, County, Nebraska. Comments: This is a nice, high and sightly, tree-covered lot overlooking the Ponca football and Taxes: $105.54 Aerial Map of Tract 11 Tract 11 T30N R06E Tract 5 592 Ave Sec. 23

Serving America s Landowners Since 1929 964.78+/- Acres, Dakota, and Cedar Counties L-1400335 Tract# Acres± at $ bid x 3% Buyer Premium = Total bid Tract 1 13.17± Acres at $ per acre x 3%= Tract 2 35.49± Acres at $ per acre x 3%= Tract 3 152.38± Acres at $ per acre x 3%= Tract 4 65.80± Acres at $ per acre x 3%= Tract 5 350.18± Acres at $ per acre x 3%= Tract 6 25.38± Acres at $ per acre x 3%= Tract 7 235.00± Acres at $ per acre x 3%= Tract 8 80.00± Acres at $ per acre x 3%= Tract 9 Lot at $ x 3%= Tract 10 Lot at $ x 3%= Tract 11 Lot at $ x 3%= Notes: www.farmersnational.com www.facebook.com/farmersnationalcompany www.twitter.com/farmersnational

Land Auction! 964.78+/- Acres Tuesday, May 6, 2014, 10:30 AM at Ponca State Park, Ponca, Nebraska Auction Terms Minerals All mineral interests owned by the Seller, if any, will be conveyed to the Buyer(s). Real Estate Taxes Seller will pay those real estate tax installments due and payable through 2013. Conditions This sale is subject to all easements, covenants, leases, and restrictions of record. Each bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an As Is Where Is basis with no warranties or guarantees, expressed or implied, made by Farmers National Company or the seller. Possession Possession will be granted at closing on or before June 3, 2014. Earnest Money A 10% earnest money payment is required on the day of the auction. The earnest payment may be paid in the form of cash or check. All funds will be held by Farmers National Company in their trust account. Sales Contract and Title Immediately upon conclusion of the auction, the high bidder(s) will enter into a real estate sale contract and deposit with Farmers National Company the required earnest payment. The seller will provide an owner s policy of title insurance in the amount of the purchase price. The cost of such title insurance and any escrow closing services will be shared equally by the seller and buyer. Sale is not contin- Closing The projected closing date is on or before June 3, 2014. The balance of the purchase price will be payable at closing in cash, a guaranteed check, or by wire transfer. Survey At the Seller s option the Seller shall provide a property existing legal or where new boundaries are created. The Seller and Buyer(s) will each pay one half of the survey difference between the advertised and actual surveyed acres. Buyer s Premium and included in the total real estate contract price that is due and payable from the Buyer(s). Approval of Bids This is an absolute auction and the real estate will be sold to the high bidder(s) subject to no miuimums or reserves. Agency Farmers National Company and its representatives are acting as agents of the seller. Sale Method The real estate will be offered in eleven individual tracts for bidding. All bids compete and are open for advancement until the Auctioneer announces that the real estate is sold or that the bidding is closed. Bidding increments are solely at the discretion of the Auctioneer. Tie bids, if any, may be open between the two bidders only at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Farmers National Company and Announcements Information provided herein was obtained from sources deemed reliable, but neither Farmers National Company nor the seller makes any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All or more or less. Any announcements made auction day by Farmers National Company will take precedence over any previous printed materials or oral statements. Farmers National Company and the seller reserve the right to preclude any person from bidding if there is any question as to the Seller Judith R Davey-Cooper Trust Serving America s Landowners Since 1929