Auction Terms and Conditions Absolute Real Estate Auction ANNOUNCEMENTS AND STATEMENTS MADE BY HAYDEN OUTDOORS AT AND/OR DURING THE AUCTION WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR OTHER ORAL STATEMENTS. PROSPECTIVE BUYERS ARE ADVISED TO CONSULT WITH AN ATTORNEY OF THEIR CHOICE, WITH RESPECT TO THE PURCHASE OF ANY REAL PROPERTY INCLUDING, BUT NOT LIMITED TO, SEEKING LEGAL ADVICE FROM THEIR OWN ATTORNEY REGARDING DISCLOSURES AND DISCLAIMERS SET FORTH BELOW. AUCTION DATE & TIME : October 28, 2022, 11:00 AM Central Time AUCTION LOCATION: Directions: On Highway 4, find mile marker 29, which is 4 miles east of the small town of Sheilds. At Mile Marker 29 there is a sign for Cathouse that directs traffic to go 3.1 miles North to the entrance to the property. AUCTION FORMAT: This auction is an Online and Live Auction, will be offered for sale to the highest bidder(s), and will be sold ABSOLUTE with no contingencies of any kind. Our goal is to realize the highest return to the seller, and to satisfy all interested parties by allowing bidders, who are interested, to have the same opportunity. Bidding is allowed to all registered bidders. Bidders will be required to preregister online and provide required information in order to receive bidder authorization. All biding is open to public. Bidding during the auction will require you to raise your hand or bid card or instruct at Auctioneers Bid Spotter to call your bid for you. AUCTION PROCEDURES: Conduct of the auction and increments of bidding are at the direction and discretion of Hayden Outdoors. Announcements made by Hayden Outdoors representative, or auctioneer, supersede all previously printed material. Auction is open to registered bidders. In the event of a dispute between bidders, the Auctioneer shall make the final decision to accept the final bid, to re-offer and re-sell the property, or to remove the property from the auction. If any disputes should arise following the auction, the Auctioneer's records shall be conclusive. Property(ies) are sold AS IS, WHERE IS, with NO Contingencies allowed. AUCTION REGISTRATION: All parties seeking to bid on the properties offered at auction must register online prior to the auction conclusion and/or must check in at the registration table. Bidders are encouraged and may register prior to the auction. Same day registration will be allowed, and bidders should allow enough time to register and receive a bid number prior to auction. All bidders will be required to complete a statement ("Bidders Registration") prior to commencement of bidding that the bidder has inspected the property and sale documents and is financially capable of closing the transaction. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, national origin, or handicap. REQUIREMENTS OF THE HIGH BIDDER(S): Immediately following the conclusion of the auction, the highest bidder(s) shall enter into and sign a Kansas Agricultural Land Real Estate Contract for the total contract sale price. Required earnest money deposit to be in the form of wired funds, a personal, business, or corporate check for minimum of 10% non-refundable earnest money (or per contract), which is due upon the signing of the contract and to be deposited with Ness County Abstract & Title LLC. Purchase contract shall not be contingent upon inspection, appraisal, and shall be a Specific Performance contract. Terms and Conditions of the detailed brochure shall be incorporated into and made part of this contract. CLOSING: Purchaser(s) shall pay in cash, electronic transfer funds, or cashier's check (Good Funds), the balance of purchase price (purchase price less earnest money deposit), plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before November 28,2022 .Closing to be conducted by Ness County Abstract & Title LLC. and the closing agent fees to be split equally between Sellers and Purchaser(s). POSSESSION: Possession of land upon closing recording of deed. PROPERTY CONDITION: The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS, WHERE IS, without warranty, representation or recourse to Sellers or Seller's Agents. TITLE: Sellers to pass title by Special Warranty Deed. The Purchaser(s) to receive a TBD title commitment within the Property Information Packet, updated title commitment with the Purchaser(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner's title insurance policy in an amount equal to the Purchase Price after closing. Title Insurance to be used as evidence of marketable title and cost of the premiums to be that of the Sellers. Property to be sold subject to existing roads and highways; established easements and rights-of-ways; other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments are available for review and are incorporated into the Property Information Packet at the auction and will be incorporated and made a part of the Real Estate Purchase Contract. REAL ESTATE TAXES: Taxes shall be prorated to the Day of Closing with Sellers paying all taxes prior to closing. LEGAL DESCRIPTION: Legal Descriptions are subject to existing fence/field boundaries or land-use trades, if any. MINERALS: All owned will transfer to buyer. DAM/ WATER RIGHTS: To be determined. Please see attached letter from State for further information. NOXIOUS WEEDS: N/A ACREAGES: All stated acreages are approximate and are obtained from either the county tax records, current legal descriptions, and/or aerial photos, and FSA information. No warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in the purchase price of the acreage that is different from what is stated in this brochure and/or stated at the auction. The detailed brochure includes the estimated taxed acres. All price per acre calculations in the initial brochure, detailed brochure, and visual presentation at the auction are based on the Lane County Assessor records. Any crop, base and harvest numbers are from FSA and NRCS dryland measurements. ANNOUNCEMENTS: This is an ABSOLUTE auction. The information contained herein has either been given to us by the owners of the properties or obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Hayden Outdoors and the Sellers assume no responsibility for the omissions, corrections, or withdrawals. The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All property is to be sold AS IS, WHERE IS, without warranty, representation, or recourse to Sellers. Purchase contract shall not be contingent upon inspection, appraisal, or financing and shall be a Specific Performance contract. Hayden Outdoors and all other agents of Broker are or will be acting as a Transaction Broker unless noted otherwise. Announcements made by Hayden Outdoors at the time of sale will take precedence over any previously printed material or other. oral statements. Hayden Outdoors reserves the right to require bank references upon request. and reserves the right to refuse bids from any bidder. Bidding increments at the discretion of the Broker and/or Auctioneer.

This unique parcel is in a class of its own. Located in rural western Kansas, this oasis has a 65 acre lake with depths of 40 feet. Cathouse Lake is located in valleys that fill this lake with natural runoff. Cathouse Lake was built in 1986 and has never been dry since. This has created incredible fishing, waterfowl, and a complete natural environment that a lake will provide. Land: The land around Cathouse Lake is filled with natural canyons and beautiful rugged terrain. On the edges and bottoms of these canyons lies native grass that is home to the wildlife such as pheasant, deer, quail, turkey, coyote, rabbits and other Kansas species. This terrain provides more than adequate run off and nutrients to keep this lake healthy and full. All the acreage on this property is contiguous, so one never has to leave or cross any boundaries to enjoy this jewel in western Kansas. Improvements: Cathouse Lake has been thoughtfully designed with structures to compliment the incredible potential this property provides. A centrally located marina (bait shop) offers everything from lunch, bait, tackle, ice, supplies, and will even post the pictures of the fish you catch. Three rental cabins are located next to the marina are equipped with air conditioning, showers and beds for anyone looking for a place to stay. Along with rental cabins is a centrally located bath house for daily use. A three bay shop with living quarters is positioned below the damn for storage of equipment used to maintain the property and take care of the road system along with golf course located on site. All buildings are fitted with equipment to catch and retain water for a true self contained system. Electricity and meters have been added to the property for guests and member with homes and campers to use. Recreation: Cathouse Recreation offers the most activities and income potential that I have seen in a parcel of this size and price. The 65 acre lake with boat ramp contains largemouth bass, flathead, channel cat, walleye, crappie, bluegill, perch, carp, and white bass. The bite is fast enough for the first time angler and the big fish are here for the most experienced fisherman. Along with fishing, the lake offers swimming, waterskiing, jet skiing, kayaking, and endless boating. With a body of water this size, the recreation doesn't end in the summer. Waterfowl of all kinds frequent this lake making for incredible bird watching and waterfowl hunting. One must see the bluffs located along the water to appreciate the natural beauty. If one wants a change from the lake, there is a golf course! This course is comprised of the native grass makes for a challenging round of golf. The holes are marked with stone posts marking the yardage and the par. If one has never golfed or is an avid golfer, this course will provide a challenge and an experience. If trap shooting is your interest, there is a lighted trap range with concrete walk and target house. There is still more. Cathouse Recreation has jeep, and UTV trails that can provide some incredibly challenging terrain for the most experienced rider. The natural canyons offer steep inclines, muddy bottoms, and even a log climb. Fossil hunters and explorers come from all around to explore the canyons on Cathouse Lake. Sharks teeth, arrowheads, petrified wood, buffalo, and even dinosaur fossils are found every year in the canyons. All of these activities are located within the boundaries of this magnificent property. Water/Mineral Rights & Natural Resources Minerals currently owned are to be passed to buyer. General Operations Cathouse Recreation is currently open to family and single memberships that allow for annual or daily use. Options to rent a lot annually for a camper or small home are available. There are currently 50 lots being rented annually and 100 memberships.