LEGAL DESCRIPTION: All of Section 16-26-40, LESS IMPROVEMENTS
LOCATION: From the intersection of Hwys 50 & 27 in Syracuse, KS go 10 miles South to to County Road 31, go 3 miles East to SE County Road R, then 2 miles South to the NW corner of the property.
MINERAL RIGHTS: Mineral rights are believed to be intact and Seller will retain ½ of the existing mineral rights for a term of 10 years, with said reservation to be non-participating in lease monies, delay rentals and bonuses, but fully participating in royalties or as long as production exists.
CROPS: There are no growing crops. Land is currently all in excellent 2009 wheat stubble that has been sprayed. The Buyer will reimburse Seller for spraying expense.
FSA INFORMATION: Cropland acres 631.3
Base Acres DCP Yield
Wheat 396.7 32
Grain Sorghum 43.7 28
Soybeans ...
Soybeans 66.7 15
Buyer will receive 100% of all FSA payments associated with the 2010 crop year.
WIND RIGHTS: Seller will retain ½ of the wind rights for a term of 10 years, or as long as income generated by wind production exists.
POSSESSION: Possession will be the date of closing.
REAL ESTATE TAXES: Seller will pay taxes for all of 2009 and prior years. Taxes for 2010 will be paid by the Buyer. (2008 Taxes = $2,219.73)
PRICE: $625,000
PRICE = $ 580,000
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