160 Acres More or Less Rush County, Kansas

For: Schlegel Family Trust

Date: Tuesday, December 13th, 2016

Time: 11:00 A.M.

Auction Location: Community Bank of the Midwest- 112 Main St., Otis, KS 67565

Land Location

From Otis, KS, Go 2 Miles West on Highway 4 then 5 ½ Miles North on CR 370 to the Southwest Corner of the Property

From Loretta, KS, Go 5 Miles East on Ave. D then 1 ½ Miles South on CR 370 to the Northwest Corner of the Property

Legal Description

Southwest Quarter (SW/4) of Section Twenty-Seven (27) Township Sixteen (16) South, Range Sixteen (16) West of the 6th P.M. Rush County, Ks

F.S.A. Information

102.10 Acres Grassland

51.3 Acres C.R.P. @ $32.78/acre contract through 9-30-2020. Land owners receiving 100% of the yearly payment in the amount of $1,682

General Information

This is a nice well balanced tract of land having both bottom grassland as well as C.R.P.
Eagle Creek runs through this property providing spring water as well as a good hunting habitat for large game as well as upland bird hunting.

Taxes

Seller to pay 2016 and prior taxes, Purchaser to pay 2017 and future taxes. 2015 Taxes were $340.30

Minerals

All sellers interest to be conveyed, to seller’s knowledge all minerals are intact.

Terms

10% down day of sale, balance to be paid upon title approval and delivery of deed, said closing no later than January 13th, 2017 or as soon as title requirements, if any, can be corrected. Seller(s) to furnish trustees deed and title insurance showing merchantable title in Seller.

Possession

Immediate upon closing with purchaser receiving 100% of the 2017 and future C.R.P. payments.

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