LAND LOCATION: From I-70 Exit 145 at Ellis, Kansas, go 2½ miles North on Ellis Ave., 1 mile East on Locust Grove Road, 8 miles North on 130th Ave., then 3 miles East on the Saline River Road to the NW corner of the property. SIGNS WILL BE POSTED!!

MANNER OF SALE: This real estate will be offered in one tract only. 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 March 3, 2022, or upon such terms as may be acceptable to the Seller. 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 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: All of the Seller’s interest will transfer to the Buyer at closing.

FSA INFORMATION:            CRP acres:      143.78

                                                Grass Acres:   144.05+

                                       Base Acres             Yield        CRP Reduction Acres

            Wheat                     13.62                     36                        47.82

            Grain Sorghum           0                         0                        23.96

Any future FSA payments will follow the crops and will be paid pursuant to FSA regulations.

            CRP CONTRACT:     Price per acre – $63.84

                                                Annual payment – $9,180

                                                Expiration date – 9/30/2029   

The 2022 CRP payment which will accrue from October 1, 2021, thru September 30, 2022, will be prorated to the date of closing.

CLOSING: Closing will be on or before March 3, 2022.

POSSESSION: Date of closing.

REAL ESTATE TAXES: Seller will pay taxes for all of 2021 and prior years. Taxes for the year 2022 will be prorated to the date of closing. (2021 Taxes - $1,101.28)