LEGAL DESCRIPTION:
NW/4 of 28-20-42
LOCATION: From the intersection of Hwys 27 & 96 in Tribune, Kansas, go 9 miles West to Road 7, go 9 miles South to Road T, then 2 miles West to Road 5, 2 miles South to Road BB, then 1 mile West to Road 4, then 1 mile North the NW corner of the property. SIGNS ARE POSTED!
MINERAL RIGHTS: Mineral rights are subject to a prior 50% reservation of record. Seller will retain 50% of the existing mineral rights for a term of 20 years with said reservation to be non-participating in lease monies, delay rentals and bonuses, but fully participating in royalties.
CROPS: There are approximately 80 acres planted to 2012 wheat and the Buyer will receive the landlords1/3rd share of the crop.
FSA INFORMATION: Cropland Acres 158.3
Base Acres DCP Yield
Wheat 79.2 27
Grain Sorghum 26.6 30
Buyer will receive the landlords 1/3rd...
Buyer will receive the landlords 1/3rd share of all FSA payments associated with the 2012 crop year.
POSSESSION: Date of closing, subject to the tenants rights.
REAL ESTATE TAXES: Seller will pay taxes for 2011 and prior years. Taxes for 2012 will be prorated to the date of closing. (2011 Taxes: $201.67)
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