Auction Information
80.2 ac Sumner Co, KS
TRACT 1: 80.2 acres 0 W 130th Ave N, Clearwater, KS 67026
LEGAL: The East Half of the Northwest Quarter (E/2 NW/4) Section 14, Township 30S, Range 2W, Sumner County, KS. Soils: Bethany silt loam, 1-3% slopes Class IIe (48ac); Nalim loam, 1-3% slopes Class IIe (21ac). Seller will retain 50% mineral rights for 10 years. If minerals are discovered, Seller shall retain said rights until 1 year after production ceases.
PARCEL ID: 046-14-0-00-00-002.00-0 2022 TAXES: $687.80
Roy and Betty Bates Farm
8 tracts of cropland between Clearwater and Wellington, KS. ranging from 63 acres to 161 acres. Great opportunity to start an operation or expand your footprint. Good level cropground; mostly Class II & III soils.
In addition to farming, these tracts are loaded with turtle dove, whitetail deer, pheasant, and quail and there are several potential residential homesites
EARNEST...
EARNEST MONEY: 10% of the total contract purchase price will be due on the day of the auction, with the balance due in cash at closing. The earnest money payment may be made in the form of a cashiers check or personal check.
BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE TO HAVE ARRANGED FINANCING, IF NEEDED, AND BE CAPABLE OF PAYING CASH AT CLOSING
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller. All tracts sold AS-IS.
CLOSING: The closing will take place 30 days after the auction or as soon thereafter as applicable closing documents are completed.
REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing
FARM LEASE INFORMATION/POSSESSION
There is a Farming Lease currently in effect, covering all of the tillable crop ground acres. Tracts 3, 4, 5 (EXCEPT the west 40 acres), and Tract 7 will be planted to wheat in Fall 2023. Possession shall be at the harvest of the wheat crop in the Summer of 2024. The lease for Tracts 1, 2, 6, 8, and the west 40 acres of Tract 5 expires December 31, 2023. Possession shall be at harvest of the winter crop which could exceed expiration of the lease. Buyer to receive second half of lease payment.
MINERALS: Minerals are selling intact except for Tracts 1, 4, and 6. Refer to individual tracts for more information.
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