TO SELL AT AUCTION!!
240 AC. SHERMAN CO., KS DRYLAND
This excellent, level dryland will sell at absolute auction on Thursday, Dec. 18 at the Holiday Inn Express, I-70 Exit 17, Goodland, KS. All Seller's mineral rights will go to the buyer. Land will be offered in 2 tracts and a combination of the tracts. Land is located Northeast of Kanorado, KS.
Seller: Generation V
Tract #1:
SE/4 of Section 14, 7-42
160 Total Dryland Acres:
Bases: Wheat - 63.8 ac.; 30 bu. yld.
Corn 38.7 ac. - 102 bu. yield
Sunflowers 26.6 ac. - 1,170 lbs./acre
Buyer to receive Owner's 1/3 share of wheat growing on 80 acres
Approx. 2008 Taxes: $309.80
Tract #2:
E/2SW/4 of Section 14, 7-42
80 Total Dryland Acres:
Bases: Wheat - 31.9 ac.; 30 bu. yield
Corn 19.3 ac. - 102 bu. yield
Sunflowers 13.3 ac. - 1,170 lbs./acre
No planted acres
Approx. 2008 Taxes: $154.90
TERMS AND CONDITIONS:
MANNER OF SALE
Real estate wil...
Real estate will be offered in two individual tracts and in a combination of tracts. It will be sold in the manner which produces the highest aggregate bid. The auction company will determine the procedure and increments of bidding. Announcements made day of sale take precedence over printed material.
TERMS
15% down day of sale with the balance due at closing, on or before January 15, 2009. Personal and corporate checks are acceptable for the down payment with the final payment in certified funds. Purchase is not contingent upon financing. Financing, if necessary, needs to be approved prior to the auction. Each successful bidder will be required to enter into a Purchase Contract immediately following the auction. Copies of the contract will be available prior to the sale.
SURVEY
Property will be sold by legal description only. No survey will be provided.
ACREAGES
All acreages are considered to be approximate. The acreage figures are from reliable sources. All FSA information is subject to change. The FSA acres may not be the same as deeded acres.
EVIDENCE OF TITLE
Title insurance, in the amount of the purchase price, will be paid 1/2 by Seller and 1/2 by Buyer. Title insurance commitments will be provided on sale day.
INSPECTIONS
Each potential bidder is responsible for conducting his own independent inspections and due diligence concerning pertinent facts about the property. All information is deemed to be from reliable sources. Neither the Seller nor Shay Realty, Inc. is making any warranties about the property, either expressed or implied.
TAXES
All taxes are considered approximate. Seller will pay the 2008 and prior years’ taxes, with the taxes for 2009 and subsequent years to be the responsibility of the Buyer(s).
EASEMENTS
Sale is subject to all rights of way and easements, whether recorded or not, and subject to any oil and gas leases of record.
MINERAL RIGHTS
Buyer to receive all Seller’s mineral interest.
POSSESSION, CROPS & FSA PAYMENTS
Possession is at Closing on open acres. Possession is after 2009 wheat harvest on planted acres. Buyer(s) to receive owner’s share of the 2009 harvested wheat, and owner's share of FSA payments associated with the 2009 harvested wheat as agreed to between seller and operator.
AGENCY
The Listing Broker with Shay Realty, Inc. is the Seller’s Agent. No compensation for other agents available for this transaction. Announcements made at the auction take precedence over any printed material or prior representations