Auction Information
160 Acres in Oberlin, KS
LEGAL DESCRIPTIONS:
TRACT 1 : 7.0 ACRES W/IMPROVEMENTS IN NE/4 OF 16-4-28
TRACT 2: 153.0+ CROPLAND ACRES IN NE/4 OF 16-4-28
LOCATION: From the intersection of Hwys 36 and 83 in Oberlin, Kansas on Hwy 83, go 8 miles South to K Lane, and 3½ miles East to the NW corner of the property. SIGNS WILL BE POSTED!
MANNER OF SALE: This real estate will be offered as a “MULTI-PARCEL” auction in 2 individual tracts and in combination of tracts. It will be sold in the manner that produces the highest aggregate bid. There will be OPEN BIDDING on both tracts and combination of the tracts during the auction as determined by the auction company. Bids on both tracts and the total property may compete. Auction procedure and increments of bidding are at the discretion of the auction company.
TERMS: 10% down day of sale, with the balance to be paid on or before March 1, 2011, or upon such terms as m...
TERMS: 10% down day of sale, with the balance to be paid on or before March 1, 2011, or upon such terms as may be acceptable to the Seller. 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. Bids are subject to Seller confirmation. Announcements made day of sale take precedence over printed material and previously made oral statements.
MINERAL RIGHTS: All of the Seller’s interest will transfer to the Buyer(s) at closing.
CROPS: There are no growing crops.
FSA INFORMATION:Buyer will receive 100% of all FSA payments associated with the 2011 crop year.
CLOSING: Closing will be on or before March 1, 2011.
POSSESSION: Date of closing
REAL ESTATE TAXES: Seller will pay taxes for 2010 and prior years. Taxes for 2011 will be prorated to the date of closing
EVIDENCE OF TITLE: Seller 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 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.
INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Seller or 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-ways and easements, whether recorded or not, and to oil and gas leases of record, if any.
AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Seller.
AUCTIONEER’S NOTE: Jim & Judy Gaumer have decided to sell their home and shop building along with the quarter section of land that it sits on. This would make an excellent headquarters for a neighorboring operation or could even be converted to a “hunting lodge” with a great number of possibilities. We will offer the house and approximately 7 acres of land as TRACT 1, then the balance of the quarter section as TRACT 2 with Buyer(s) having the opportunity to buy Tract 1 & Tract 2 as a combination.
Tract 1 is in a immaculate setting with a great windbreak, shop & house is in “Like New” condition. OPEN HOUSE on Sunday, January 23, 2011 from 1:00 to 4:00PM
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