ABSOLUTE AUCTION
560 Acres Cheyenne County, Kansas Dryland and CRP
To sell in 4 separate tracts
Tract 1 - E/2 NW/4 Sec. 10, 5-38 - 80 Ac. Dryland (39 Ac. growing wheat)
Tract 2 - NE/4 Sec. 10, 5-38 - 160 Ac. Dryland, includes 1.6 Ac. Grass (81.8 Ac. growing wheat)
Tract 3 - NW/4 Sec. 2, 5-38 - 160 Ac. - 126.1 Ac. Dryland & 30.8 Ac. CRP
Tract 4 - NE/4 Sec. 2, 5-38 - 160 Ac. - 81.8 Ac. Dryland & 76.1 Ac. CRP
TERMS & CONDITIONS:
TERMS
Real estate will be offered in four (4) individual tracts only. Fifteen percent (15%) of the contract price will be due immediately after the auction, with the balance due at closing, on or before June 29, 2012. Personal and corporate checks are acceptable for the down payment with the final payment in good funds. Purchase is not contingent upon financing, appraisals, surveys or inspections. Financing, if necessary, should be approved prior to the auction. E...
Real estate will be offered in four (4) individual tracts only. Fifteen percent (15%) of the contract price will be due immediately after the auction, with the balance due at closing, on or before June 29, 2012. Personal and corporate checks are acceptable for the down payment with the final payment in good funds. Purchase is not contingent upon financing, appraisals, surveys or inspections. Financing, if necessary, should be approved prior to the auction. Each successful bidder will be required to enter into a Purchase Contract immediately following the auction. Example copies of the contract will be available prior to the sale.
EVIDENCE OF TITLE
Title insurance, in the amount of the purchase price, will be paid by Seller and by Buyer. Copies of title insurance policy commitments will be provided on sale day.
INSPECTIONS
There is no inspection period in the contract, therefore, each potential bidder is responsible for conducting his own independent inspections and due diligence concerning pertinent facts about the property prior to the auction. All information is deemed to be from reliable sources. Neither Seller nor Shay Realty, Inc. is making any warranties about the property, either expressed or implied. To schedule inspections of land, contact Shay Realty, Inc.
CROPS, CROP INSURANCE AND FSA PAYMENTS
Buyer to receive Owners 1/3 share of the 2012 wheat crop. Buyer shall be responsible for 1/3 share of Federal Crop Insurance premiums and 1/3 share of fertilizer and/or herbicide expense for the 2012 harvested wheat crop. Buyer to receive Owners 1/3 share of the 2012 FSA payments.
ACREAGES
Property will sell by legal description only. All acreages are considered to be approximate and tracts will be sold by acres advertised. The acreage figures are from sources believed to be reliable. All FSA information is subject to change. The FSA acres may not be the same as deeded acres.
TAXES
All taxes are considered approximate. Seller will pay the 2011 and prior years taxes with the taxes for 2012 to be paid by the Buyer.
MINERAL RIGHTS
Seller reserves one-half (1/2) all oil, gas and mineral rights owned by Seller for a period of 20 years.
EASEMENTS
Sale is subject to all rights-of-way and easements, whether recorded or not, and subject to any oil and gas leases of record.
WATER
All water rights owned by Seller shall go to the Buyer. All Bidders should satisfy themselves as to their individual water concerns. Neither the Seller nor Shay Realty, Inc. is making any warranties, either expressed or implied, pertaining to water or its availability.
POSSESSION
Possession shall be after 2012 wheat harvest on acres planted to wheat; possession shall be after harvest of crop planted on fallow acres. All tracts are selling with an existing 1/32/3 crop-share lease with a tenant.
AGENCY
The Listing Broker with Shay Realty, Inc. is the Sellers Agent. No compensation for other agents available for this transaction.
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