REAL ESTATE AUCTION
THURSDAY, AUGUST 30
1:00 P.M.
Auction will be held in the Library at the School in Republic, Kansas
Tract I: E SE 3-2-5 Republic Co. Kansas
73.2 farmland acres located South of the Pawnee Indian Village Museum on Pawnee road. There are 69.7 cropland acres with base acres: wheat 42.0 acres with 45 bushel CC yield, corn 17.3 acres with 109 bushel CC yield, beans 9.9 acres with 24 bushel CC yield, for a total base of 69.2 acres. Classified as not HEL. Possession will be after 2013 wheat harvest. Purchaser will receive the landlords cash rent of $60.00 per acre on 70 acres for 2013 wheat crop. The rent payment will be due before December 31, 2013. Seller will pay 2012 taxes, purchaser will pay 2013 taxes. 2011 taxes were $747.31.
Tract II: W W NE 15-2-5 Republic Co. Kansas
39.8 farmland acres located on Jade road. There are 35.9 cropland acres with base...
39.8 farmland acres located on Jade road. There are 35.9 cropland acres with base acres: wheat 23 acres with 34 bushel yield, grain sorghum 12.4 acres with 61 bushel yield, for a total base of 35.4 acres. Classified as HEL, Conservation system is being actively applied. Possession will be after 2013 wheat harvest. Purchaser will receive the landlords cash rent of $75.00 per acre on 37 acres for 2013 wheat crop. The rent payment will be due before December 31, 2013. Seller will pay 2012 taxes, purchaser will pay 2013 taxes. 2011 taxes were $341.29.
Tract III: South 79 acres NW 20-2-5 Republic Co. Kansas
77.9 farmland acres located on 20 road. There are 77.9 cropland acres with base acres: wheat 62.4 acres with 39 bushel yield, corn 0.8 acres with 58 bushel yield, grain sorghum 12.8 acres with 61 bushel yield, for a total base of 76 acres. Classified as HEL, Conservation system is being actively applied. Possession will be after 2013 wheat harvest. Purchaser will receive the landlords cash rent of $75.00 per acre on 78 acres for 2013 wheat crop. The rent payment will be due before December 31, 2013. Seller will pay 2012 taxes, purchaser will pay 2013 taxes. 2011 taxes were $674.17.
Tract IV: SE & SE NE 18-2-5 Republic Co. Kansas
196.10 farmland acres located on 20 road. There are 94.5 cropland acres with base acres: wheat 8.2 acres with 35 bushel yield, grain sorghum 72.5 acres with 61 bushel yield, soybeans 1.3 acres with 16 bushel yield, for a total base of 82.0 acres. Classified as not HEL. The balance of approximately 104 acres is grass. Possession of farm ground will be after 2013 wheat harvest. Possession of grass will be Jan. 1, 2013. Purchaser will receive the landlords cash rent of $75.00 per acre on 96 acres for 2013 wheat crop. The rent payment will be due before December 31, 2013. Seller will pay 2012 taxes, Purchaser will pay 2013 taxes. 2011 taxes were $1,137.81.
Tract V: N NW 11-2-5 Republic Co. Kansas
80.2 acres located on 50 road. There are 15.4 cropland acres with base acres: grain sorghum 14 acres with 61 bushel yield, beans 0.1 acres with 16 bushel yield, for a total of 14.1 base acres. The balance of 65 acres is grass. Possession of the cropland will be after 2013 wheat harvest. Possession of grass will be Jan. 1, 2013. Purchaser will receive the landlords cash rent of $75.00 per acre on 15 acres for 2013 wheat crop. The rent payment will be due before December 31, 2013. Seller will pay 2012 taxes, Purchaser will pay 2013 taxes. 2011 taxes were $300.26.
Terms: 10% of purchase price as down payment day of auction, the balance will be due upon closing on or before October 3, 2012. Downing & Alexander will act as escrow agent. Title insurance will be used, the cost will be split 50/50 between seller & purchaser. Escrow & closing fees will be split 50/50 between seller & purchaser. Possession of all crop land will be after 2013 wheat harvest. Purchaser will receive the 2013 cash rent. Seller will pay 2012 taxes, purchaser will pay 2013 taxes. All statements made day of auction take precedence over printed material. Thummel Real Estate & Auction LLC is acting as seller agent.
LOLA M. FULLER ESTATE
SUSAN & MARLAN WATSON CO PERSONAL REPRESENTATIVES
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