Grassland                                                                               Cultivation                                                                            C.R.P

Auction

160 Acres More or Less Hodgeman County, Kansas

For: Wright Family

Date: August 15th, 2016

Time: 10:00 A.M.

Auction Location: King Center 1312 Main St., Jetmore, KS 67854

Land Location

From the intersection of Hwys 283/156 in Jetmore go 6 ½ miles East on 156- 5 ½ Miles South on Rd 225- 1 ½ Miles East on Rd H to the Southwest Corner of the property

From the intersection of Hwys 50/56 in Spearville and 126 Rd go 11 Miles North on 126 Rd/ Rd226 then ½ Mile East on Rd H to the Southwest Corner of the property

Legal Description

Southeast Quarter (SE/4) of Section Twenty-Eight (28) Township Twenty-Three (23) South, Range Twenty-Two (22) West of the 6th P.M. Hodgeman County, Kansas

F.S.A. Information

42.92 Acres Cultivation

17 Acres Grassland

26.4 Acres C.R.P @ $49.10/acre per year contract dated 10-1-13 through 9-30-23

25.5 Acres C.R.P. @ $37.82/acre per year contract dated 5-1-11 through 9-30-25

42.8 Acres C.R.P. @ $34.40/acre per year contract dated 10-1-11 through 9-30-21

General Information

This is a nice, well balanced tract of land with excellent cultivation and excellent soil types on the C.R.P. The windmill on the grassland will enhance the grazing on the C.R.P. acres.

Taxes

The seller will pay 2015 taxes and prior, purchaser to pay 2016 taxes and future.

Minerals

All seller’s interest to be conveyed to purchaser.

Terms

10% down day of sale, balance to be paid upon title approval and delivery of deed, said closing to be on or before September 15th, 2016 or as soon as title requirements, if any, can be corrected. Seller(s) to furnish warranty deed and title insurance showing merchantable title in Seller.

Possession

Possession will be at closing on the C.R.P. with Purchaser receiving 100% of the 2016 C.R.P. payment and all future payments. Possession on the Grassland will be November 1, 2016. Possession on Cultivation, which is all wheat stubble, will be immediate.

Government Programs

Purchaser to stay in compliance with all US Government Programs the property is presently enrolled in.  Payments to follow crop interest.

Live internet bidding available. Call for details.

Agency Disclosure

Farmland Auction & Realty Co., Inc. is the agent of the seller. If the purchaser desires representation, legal counsel is advised.

Farmland Auction & Realty Co., Inc.

1390 E 8th, Unit A, Hays, KS 67601

785-628-2851 Toll Free: 1-888-671-2851

E-Mail: farmland@farmlandauction.com

Web: www.farmlandauction.com