Auction Information
LEGAL DESCRIPTION: SE/4 OF SECTION 12-18-37
LAND LOCATION: 1 mile North of the intersection of Hwys 96 and 25 in Leoti, Kansas.
MANNER OF SALE: This real estate will be offered in one tract. Auction procedure and increments of bidding are at the discretion of the auction company.
TERMS: 10% down day of sale, balance to be paid on or before September 25, 2009, or upon such terms as may be acceptable to the Sellers. 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, must 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: Al...
MINERAL RIGHTS: All of the Sellers’ interest will transfer to the Buyer at closing. Minerals are believed to be 100% intact.
CROPS: Tenant will retain all the 2009 crops under the current cash lease agreement and Buyer will receive the 2nd half of the 2009 cash lease payment in the amount of $4,250. The wheat stubble in the corners have been sprayed.
FSA INFORMATION: Irrigated acres: 118.0
Dryland acres: 35.5
BASE ACRES DCP YIELD
Wheat 42.0 44
Corn 101.0 123
All FSA payments associated with the 2009 crop year will be retained by the tenant under the current cash lease agreement.
CLOSING: Closing will be on or before September 25, 2009.
POSSESSION: Possession will be after the 2009 corn harvest.
REAL ESTATE TAXES: Sellers will pay taxes for 2008 and prior years. Taxes for 2009 will be prorated to the date of closing.
EVIDENCE OF TITLE: Sellers will provide title insurance to the Buyer in the amount of the purchase price with the premium to be paid one-half by the Buyer and one-half by the Seller. Title evidence will be provided on sale day.
ACCEPTANCE OF BIDS: The 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.
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.
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.
INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections & due diligence concerning pertinent facts about the property. Neither Sellers or Farm & Ranch Realty, Inc., its agents or representatives, are making any warranties about the property, either expressed or implied.
AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are Exclusive Agents of the Sellers.
AUCTIONEER’S NOTE: This fine irrigated quarter of land has been in the Young family for many years, most recently owned by Lavhon Young and her late husband, Glen. Their daughter, Alberta, and husband, Larry Walter of Cheyenne Wells, CO will sell this land at ABSOLUTE PUBLIC AUCTION to the highest bidder on Wednesday, August 26th in Leoti. The irrigation equipment is owned by the tenant and will be removed after corn harvest. This land adjoins the City of Leoti and would make excellent building lots!
Don’t miss this opportunity to purchase this land – call Don today for a tour!! See you at the sale!
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