KING CENTER , Jetmore, KS (Hodgeman County)

TERMS: 10% down day of sale, with the balance to be paid on or before November 22, 2010, 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 Seller’s interest will transfer to the Buyer(s) at closing.

CROPS: There are no growing crops.

FSA INFORMATION: Buyer(s) will receive 100% of all FSA payments associated with the 2011 crop year.

CLOSING: Closing will be on or before November 22, 2010.

POSSESSION:

TRACT 1: Date of closing on the cropland acres and subject to tenant’s rights on the grassland acres.

TRACT 2: Date of closing.

REAL ESTATE TAXES: Sellers will pay taxes for all of 2009 and prior years. Taxes for 2010 will be prorated to the date of closing. (See chart below for 2009 taxes)

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.

EVIDENCE OF TITLE: Sellers 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 Sellers. Title evidence will be provided on sale day.

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 or county appraiser acres.

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, and to any oil and gas lease of record.

AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Sellers.

AUCTIONEER’S NOTE: Cleason and Estelle R. Sinclair will offer these nice tracts of cropland and grassland at ABSOLUTE PUBLIC AUCTION on Thursday, October 21st. Land will be offered in two tracts only.

Tract 1 offers live water and owner states “spring has never gone dry”! There are 2 good wells, 18’ deep with jet pumps. 200’ feed line bunks are included. Excellent grove of trees and plum thickets offer shelter for livestock and wildlife habitat including deer and upland birds. Cropland has deep fertile silt loam soils with 1 to 3% slope.

Tract 2 includes 160 acres grassland - good water and native grass turf including buffalo grass and side outs of gramma, and 3 wire fencing.

Call Scotty at 785-650-9970

for a tour of this land, TODAY!

INTERNET BIDDING AVAILABLE –

Register by October 19th to bid online. Call for details.