Auction Information
160 Acres in Jennings, KS
LEGAL DESCRIPTION:
NW/4 of 25-4-26
LAND LOCATION: From Jennings, Kansas, go 4 miles East on Hwy 383 to 2800th Road, 2 miles South to I Lane, then 1 mile East to the NW corner of the property. SIGNS WILL BE POSTED!
MANNER OF SALE This real estate will be offered in one tract. Auction procedure and increments of bidding are at the discretion of the auction company.
TERMS: 10% down day of sale, balance to be paid on or before September 26 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. Announcements made day of sale take p...
TERMS: 10% down day of sale, balance to be paid on or before September 26 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. Announcements made day of sale take precedence over printed material previously made oral statements.
MINERAL RIGHTS: All of the Sellers interest will transfer to the Buyer at closing.
CROPS: There are 34 acres planted to milo and 122 acres will be planted to wheat for the 2012 crop year. The Buyer will receive the landlords 1/3rd share of the 2011 growing milo and the landlords 1/3rd share of the 2012 wheat crop.
FSA INFORMATION: Cropland Acres 156.8
Base Acres DCP Yield
Wheat 79.8 41
Grain Sorghum 76.9 45
Buyer will receive the landlords 1/3rd share of all FSA feed grain payments associated with the 2011 crop year, and the landlords 1/3rd share of the all FSA wheat payments associated with the 2012 crop year.
CLOSING: Closing will be on or before September 26, 2011.
POSSESSION: After the 2011 harvest on the acres planted to milo and after 2012 wheat harvest on the acres to be planted to wheat.
REAL ESTATE TAXES: Seller will pay taxes for all of 2010 and prior years. Taxes for 2011 will be prorated to the date of closing. (2010 Taxes= $429.36).
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.
ACCEPTANCE OF BIDS: The successful bidder 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.
EVIDENCE OF TITLE: Seller will provide title insurance to the Buyer in the amount of the purchase price with the premium to be paid one-half by the Buyer and one-half by the Seller. 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 Seller 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, and to any oil and gas leases of record.
AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Seller.
this EXCELLENT CROPLAND QUARTER for sale at ABSOLUTE PUBLIC AUCTION on Friday,August 26th, in Jennings. They have owned this land for many years and IT IS ONE OF THE BEST QUARTERS IN SOUTHEAST DECATUR COUNTY.
This is a VERY PRODUCTIVE QUARTER 100% Holdrege silt loam soils!
For more details on this farm and its operation, or for a showing, call Scotty Legere at 785-650-9970.
SEE YOU AT THE AUCTION!!
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