MAJOR WESTERN SOUTH DAKOTA - MEADE & PERKINS COUNTY ABSOLUTE REAL ESTATE AUCTION THE FARNHAM RANCH - 10,771 PRIME ACRES ON FLINT CREEK FRIDAY JULY 10, 2020 - 10:30 am MDT Auction held at Baymont Inn by Wyndham conference center, 2721 Lazelle St., STURGIS SD. Registration at 9:30 am Live Public auction with simulcast internet bidding to preregistered bidders at www.bradeenauction.com The Farnham Ranch is an impressive, well blocked, well balanced 10,771+- acre contiguous property located at 18498 US Hwy. 212, 16 miles west of Faith SD. The ranch includes a modest home and improvements, is well fenced & cross fenced, and offers excellent winter protection from miles of scenic, timbered Flint Creek bottoms. The rolling pastures provide an abundance of productive native hard grass pasture. Excellent livestock water provided from dams, Flint Creek, wells & pipeline. Wildlife habitat including deer, antelope, wild turkey and waterfowl at its finest! FSA records indicate 318 acres of hay/crop production. Excellent access provided from Hwy. 212 which borders the ranch for 7 miles, with several highway approaches. Tract 1: Headquarters Tract - 2430+- Prime Acres - Featuring miles of timbered Flint Creek, hay production, wells, dams and more. Excellent access provided as this tract includes 3 ½ miles of frontage on the North side of Hwy. 212. The 1970's one level ranch home w/attached garage is in good condition, outbuildings and corrals are fair. This individual parcel would make a great, well located, smaller horse or livestock operation. Tract 2: 2955+- Acres - All gently rolling native hard grass pasture with numerous dams, wells and pipeline water system w/several tank/outlets. This tract borders Hwy. 212 for 1 mile. 3 ½ sections are located in Perkins County. The Meade County section was gifted to the Black Hills State University Foundation by the Galinats. Tract 3: 3010+- Acres - A sizable pasture tract with abundant water and good native grass. The tract is fenced and cross fenced, includes timbered Flint creek as well as stock dams and 4 miles of Hwy. 212 frontage. Tract 4: 2376+- Acres - Excellent native pasture with protected draws and good stock dam water. Good access from 2 ½ miles of Hwy. frontage. Entire Unit: 10,771+- Acres - Certainly a well blocked, well located "year-round" ranch with an abundance of good native hard grass pasture that really puts the pounds on your cattle. The wildlife habitat is also impressive. Certainly a significant offering in the heart of cattle country! Terms and Conditions: ABSOLUTE AUCTION, property sells to the highest bidder(s) auction day without minimum or reserve bid! Offered in 4 individual tracts and as 1 unit, selling in the manner realizing the greater return to the Seller. Successful bidders shall deposit 15% irrevocable earnest money Auction day, with the balance due in certified funds, on or before August 10, 2020. Sold without Buyer contingency of any kind, have financial arrangements secured prior to bidding. Marketable title conveyed by Warranty Deed, subject to reservations of record. Policy of Title Insurance provided and is available for review prior to Auction. Possession given upon closing, current tenants will vacate by August 1, 2020. 2019 Property taxes paid, 2020 taxes prorated to closing date. Mineral interests held by Seller will transfer. Acreage determined by Meade/Perkins Co. Assessors and will be the data used to determine the sale price. Fencing may not be located on actual boundary lines. If sold in individual tracts, new adjoing owners will be responsible for fence construction on any unfenced boundaries. Property is held debt free. Descriptions and information are from sources deemed reliable, however, neither the Seller nor Auctioneer/Brokers are making any guarantees or warranties, actual or implied. Property sold "As-Is". Auctioneer/Brokers represent the Sellers interest. Announcements made Auction day take precedence. Property Inspection: Feel free to inspect on your own. Directional signs, trails & approximate location of corners are marked, maps are onsite. Bring your 4x4, ATV or saddle horse, travel at your own risk and use caution. Please close all gates, respect the current tennants livestock and personal property. OR, Auctioneer/Brokers will be at the ranch headquarters on Wednesday June 17, Thursday July 2 and Wednesday July 8 from 10:30 am to 2:30 pm each day, for info, directions, and to show the residence, (residence available to inspect on showing dates only). Also available to show by appointment. Plan to arrive early and spend considerable time exploring this impressive ranch. Excellent tenants of 25 years will vacate by August 1, 2020 OR, would be willing to remain for the investor/buyer. Late model mobile home available to purchase from tenant. Auctioneers Note: This sizable ranch unit has been in the Farnham family for nearly 100 years and offers everything you have ever dreamed of owning in a cattle ranch. Ranches of this size, in this desirable Meade/Perkins County location are closely held and rarely become available. The location near the prarie oasis of Faith SD is convienient for livestock marketing and all ranch necessities needed. Make plans to inspect this property, have arrangements secured and be in attendance as this ranch will absolutely sell without reserve! Broker participation encouraged, call for details. See complete terms, conditions, photos, maps, video, online bidding registration at www.bradeenauction.com. Bradeen Auctions Logo Ron Bradeen & Jeff Storm, Auctioneers/Brokers Owners: Lynda and Gary Galinat & Black Hills State University Foundation

ONLINE: by bank wire transfer only within 24 hours of the auction. ONSITE BIDDERS: Company/Personal Check or Cash accepted.