LEGAL DESCRIPTIONS:
TRACT 1: SE/4SW/4 & S/2SE/4 of 31-4-20
TRACT 2: N/2SW/4, SW/4SW/4 & SE/4NE/4 of 31-4-20
TRACT 3: N/2SW/4 PLUS ACRES SOUTH OF YANKEE ROAD IN NW/4 of 6-5-20
TRACT 4: NE/4 & N/2SE/4 of 1-5-21 AND APPROX 50 ACRE TRACT NORTH OF YANKEE ROAD IN THE NW/4 of 6-5-20
AUCTION LOCATION:DANE G. HANSEN MUSEUM, LOGAN, KANSAS
LAND LOCATION: See Map! SIGNS WILL BE POSTED!
MANNER OF SALE: This property will be offered as a MULTI-PARCEL auction in 4 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 individual 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 d...
TERMS: 10% down day of sale, with the balance to be paid on or before November 19, 2013, 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, 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: All of the Sellers interest will transfer to the Buyer(s) at closing.
CROPS: The 2014 wheat crop will be retained by the tenant under the current cash lease agreement.
FSA INFORMATION: Buyer(s) will receive 100% of all FSA feed grain payments, if any, associated with the 2014 crop year. All FSA wheat payments, if any, associated with the 2014 crop year will be retained by the tenant.
CLOSING: Closing will be on or before November 19, 2013.
POSSESSION: Date of closing, subject to the tenants rights on the 2014 wheat crop.
REAL ESTATE TAXES: Sellers will pay taxes for all of 2013 and prior years. See chart below for 2012 taxes.
ACCEPTANCE OF BIDS: The successful bidders will be required to enter into a 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, including but not limited to the number of cropland acres, grass acres, base acreages and yields. FSA acres may not be the same as deeded acres or county appraiser acres. Acreages are not covered by title insurance.
EVIDENCE OF TITLE: Sellers 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 Sellers. Title evidence will be provided on sale day.
INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Sellers nor Farm & Ranch Realty, Inc., its agents or representatives, are making any warranties about the property, either expressed or implied.
EASEMENTS: This sale is subject to all rights-of-way and easements, whether recorded or not. There are oil and gas leases of record on both tracts.
AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agent of the Sellers.
AUCTIONEERS NOTE: This great farm is located on the North Fork of the Solomon River just outside of Logan, Kansas. We are offering several tracts and any combination of tracts consisting of cropland, good pastures and first bottom river land. Tracts 3 and 4 offer great hunting potential just off Yankee Road.
This farm has been in the Bowman family for many years. It is truly a unique opportunity to buy a river farm that is close to markets.
BE SURE AND ATTEND THIS AUCTION!!!
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