Auction Information
255 Acres in Stockton, KS
LEGAL DESCRIPTIONS:
TRACT 1: E/2E/2 of Section 19-7-19
TRACT 2: N/2NW/4NE/4 & E/2NE/4 of section 32-7-19
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 the combination of both tracts during the auction as determined by the auction company. Bids on the individual 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 May 9, 2013, 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 com...
TERMS: 10% down day of sale, with the balance to be paid on or before May 9, 2013, 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: Sellers will retain 100% of the mineral rights and royalty production perpetually.
CROPS: TRACT 1: Buyer will receive the landlords 1/3rd share of the 2013 wheat crop. See chart below for planted crop acres.
TRACT 2: There are no growing crops.
FSA INFORMATION: Buyer(s) will receive the landlords 1/3rd share of all FSA wheat payments and 100% of all FSA feed grain payments on Tract 1, and 100% of all FSA payments on Tract 2 associated with the 2013 crop year. See chart below for base acres and yields.
CLOSING: Date of closing will be on or before May 9, 2013.
POSSESSION: Date of closing, subject to the tenants rights on the 2013 wheat crop on the acres planted to wheat. See chart below for planted wheat acres.
REAL ESTATE TAXES: Sellers will pay taxes for 2012 and prior years. 2013 taxes will be the responsibility of the Buyer(s). See chart below for 2012 tax amounts.
EVIDENCE OF TITLE: Sellers 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 Sellers. Title evidence will be provided on sale day.
ACCEPTANCE OF BIDS: Each successful bidder will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contracts 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, including but not limited to the number of cropland acres, grass acres, base acreages and yields. FSA acres may not be the same as deeded acres or county appraiser acres. Acreages are not covered by title insurance.
INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections & 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-way 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 Sellers.
AUCTIONEERS NOTE: The Schoeller Trusts will offer this great property for sale at ABSOLUTE PUBLIC AUCTION on April 9th at the American Legion Hall in Stockton, Kansas.
Tract 1 is a productive cropland quarter with good access via US Hwy 24 and all weather county roads.
Tract 2 is a beautiful cropland tract located near the north shore of Webster Lake. Wildlife is abundant making this a great opportunity for hunters.
Be sure to take a tour of these properties and plan to attend the auction. Signs are posted for your convenience.
SEE YOU AT THE AUCTION!
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