LEGAL DESCRIPTIONS:
TRACT 1: SW/4 of 33-17-41
TRACT 2: SE/4 of 11-18-41
MINERAL RIGHTS: All of the Sellers interest will transfer to the Buyer(s) at closing.
CROPS: There are approximately 90 acres of growing wheat on Tract 2. Buyer(s) will receive the landlord’s 1/3rd share of the 2010 wheat crop. There are no crops on Tract 1.
FSA INFORMATION:
TRACT 1: Buyer will receive 100% of all FSA payments associated with the 2010 crop year.
TRACT 2: Buyer(s) will receive the landlord’s 1/3rd share of all FSA wheat payments and 100% of the grain sorghum payments associated with the 2010 crop year.
POSSESSION: Tract 1: Date of closing.
Tract 2: Date of closing, subject to tenant’s rights on the growing wheat.
REAL ESTATE TAXES: Seller will pay taxes for all of 2009 and prior years. Taxes for 2010 will prorated to the date of closing.
PRICE:
Tract 1: $ 94,000
Tract 2: $112,000
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