Event: Auction: 560 Acres +/- Decatur Co., Ks

Auction: 560 Acres +/- Decatur Co., Ks
Sale Bill

For: Richard Chambers

Date: May 31, 2017

Time: 10:00 A.M.

Auction Location: American Legion, 114 S Rodehaver Ave. Oberlin, KS 67749

Land Location: From the intersection of Hwy 36 & Hwy 83 in Oberlin, Ks, go North 11 Miles on Hwy 83, then go West 2 ½ Miles on DD lane to the Northeast Corner of the property

Legal Description
The North Half, the Southeast Quarter, & the East Half of the Southwest Quarter (N/2, SE/4, & E/2 of SW/4) of Section Seven (7) Township One (1) South, Range Twenty-Nine (29) West of the 6th P.M. Decatur County, Kansas

F.S.A. Information
308.31 Acres Cultivation
215.61 Acres Grassland

General Information
This is a very nice, well balanced tract. The cultivation is very productive being mostly Holdrege silt loam with 1-3% slopes. The grassland has a nearly new four strand barbed wire fence with new corners as well. The grassland is watered by two windmills, one with a pump jack. This tract offers a guaranteed rate of return on your investment, with an excellent long term opportunity in the future.

Taxes Seller to pay first half of 2017 Taxes & prior, purchaser to pay 2nd half of 2017 taxes & subsequent. 2016 taxes were $2,829.50

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

10% down day of sale, balance to be paid upon title approval and delivery of deed, said closing to be on or before June 30th, 2017 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.

This property is currently under a written Farm Real Estate Cash Lease. The term of this lease is from March 1st, 2017 and ending February 28th, 2020. In the final year, if the tenant plants a fall seeded crop on the property to be harvested in the next year, the tenant will pay rent on those planted acres for the next year. A minimum of 25% of the farm ground will be summer fallowed each year. The farmland is rented @ $60/acre for a total yearly payment of $18,736.20 and the grassland rental rate is $25/acre for a yearly payment of $6,000. The total yearly rental of this tract is $24,736.20 payable by March 1st of each year. Purchaser will be buying this tract subject to the farm lease. Copies of leases to be provided upon request.

Government Programs
Purchaser to stay in compliance with all US Government Programs the property is presently enrolled in. This property consists of 2 farm units, both of which are in ARC. E/2 of the SW/4 bases & yields are: wheat-33acres, yield-54bu, grain sorghum-16.5acres, yield-47bu. N/2 & SE/4 bases & yields are: wheat-69.13acres, yield-45bu, corn-130.87acres, yield-88bu, grain sorghum-29.2acres, yield-51bu.

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