Auction Information
LEGAL DESCRIPTIONS:
TRACT 1: N/2SW/4 OF 34-4-38
TRACT 2: E/2NW/4 OF 34-4-38
LAND LOCATION: From the junction of Hwys 36 & 161 at Bird City, KS go 7 miles South on Road 28 to Road G, then go 2 miles West to Road 26 and ¼ mile North to the SW corner of Tract 1. SIGNS WILL BE POSTED!
MANNER OF SALE: This real estate will be offered as a “MULTI-PARCEL” auction in 2 individual tracts and in combinations of tracts. It will be sold in the manner that produces the highest aggregate bid. There will be OPEN BIDDING on all tracts and combinations of tracts during the auction as determined by the auction company. Bids on tracts, tract combinations, and the total property may compete. Auction procedure and increments of bidding are at the discretion of the auction company.
TERMS: 10% down day of sale, with the balance to be paid on or before November 20, 2009, or upon such terms as may be accep...
TERMS: 10% down day of sale, with the balance to be paid on or before November 20, 2009, or upon such terms as may be acceptable to the Seller. Personal and corporate checks are acceptable for the down payment with the final payment to be made in certified funds. All funds will be held by the auction company in their trust account or by an identified title/escrow company. Bidding is not contingent upon financing. Financing, if necessary, needs to be arranged and approved prior to the auction. Announcements made day of sale take precedence over printed material and previously made oral statements.
MINERAL RIGHTS: Mineral rights are believed to be 100% intact, and all of the Seller’s interest will transfer to the Buyer(s) at closing.
CROPS: There are no growing crops. Stubble has been sprayed at Seller’s expense.
FSA INFORMATION: Buyer(s) will receive 100% of all FSA payments associated with the 2010 crop year. Seller will retain the landlord’s share of all FSA payments associated with the 2009 crop year.
CLOSING: Date of closing will be on or before November 20, 2009.
POSSESSION: Date of Closing.
REAL ESTATE TAXES: Seller will pay taxes for 2009 and prior years. Taxes for 2010 will be paid by Buyer(s). See chart below for 2008 tax amounts.
ACCEPTANCE OF BIDS: Each successful bidder will be required to enter into a Farm & Ranch Real Estate Purchase Contract immediately following the auction. Copies of the contract will be available from the auction company prior to the sale.
EVIDENCE OF TITLE: Seller will provide title insurance to the Buyer(s) in the amount of the purchase price with the premium to be paid one-half by the Buyer(s) and one-half by the Seller. Title evidence will be provided on sale day
ACREAGES: Acreage figures are considered to be approximate and are from reliable, sources, based on (USDA) FSA figures. All FSA information is subject to change. FSA acres may not be the same as deeded acres.
INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections & due diligence concerning pertinent facts about the property. Neither Seller or Farm & Ranch Realty, Inc., its agents or representatives, are making any warranties about the property, either expressed or implied. Statements, while not guaranteed, are from reliable sources.
EASEMENTS: This sale is subject to all rights-of way and easements, whether recorded or not, and to oil and gas leases of record, if any.
AGENCY: Farm & Ranch Realty, Inc., its agents and representatives are the Exclusive Agents of the Seller.
AUCTIONEER’S NOTE:
This EXCELLENT WHEATLAND will be sold at ABSOLUTE AUCTION in Bird City, Kansas, on Tuesday, October 20th at the Legion Hall. It will be offered in 2 tracts of 80 acres, or you can buy both! This is OUTSTANDING, NEARLY LEVEL cropland with mostly Keith soils. The stubble has been sprayed, and is ready for corn or milo in the spring. There are both cash and crop share renters available.
This land would make an excellent investment for the future – don’t let this opportunity get away!
See you in Bird City at the auction!!