Courtland, KS 66939 - Republic County

REAL ESTATE AUCTION

TUESDAY, OCTOBER 7, 2014

10:00 A.M.

Auction will be held in the Courtland Community Center, 403 Main, Courtland Kansas

NE 33-3-5, except the right-of-way of BNSF: Beginning where the BNSF right-of-way intersects with the west quarter section line of NE1/4, thence in a southeasterly direction along the west side of right-of-way 704 thence straight west to the west quarter section line of NE , thence north along the west line of said NE a distance of 654 to place of beginning. And all that part of NW 33-3-5, lying east of BNSF right-of-way described as: Beginning at northeast corner of NW thence running south 654 to the BNSF right-of-way, thence in a northwesterly direction along the east line of said right-of-way, for a distance of 704 to the section line, east along the said section line to point of beginning.

The farm is located on Shady & 40 Road, 3 miles South to Shady road and mile East of Courtland, Kansas .

There are 144.38 acres with 140.77 cropland acres. The farm has 106 irrigated acres. There is a 6 tower Zimmatic pivot w/ John Deer irrigation motor. Also approximately 40 x 60 metal building, 2 grain bins, and old house. Base acres are wheat 12.7 with 34 bu yield, 51 CC yield: corn 95.8 with 120 bu yield, 142 CC yield: soybeans 31.7 with 40 bu yield, 48 CC yield for a total base acres of 140.2. .

Seller will pay 2014 taxes. 2013 taxes were $2,527.62, 2013 irrigation taxes were $6,179.93 for a total of $8,707.55. Purchaser will reimburse seller for the irrigation O & M and irrigation repayment taxes on 2014 taxes.

Terms: 10% of purchase price as down payment day of auction, the balance will be on closing on or before October 29, 2014. Swoyer & Simms Law Office will be the escrow agent, escrow fees will be split 50/50 between seller & purchaser. Title insurance will be used, the cost will be split 50/50 between seller & purchaser.

Possession will be March 1, 2015. Thummel Real Estate & Auction LLC is acting as seller agent. All statements made day of auction take precedence over printed material.

GLENWOOD L. LUNDBERG ESTATE

Emily Breeden & Michelle Rifford, Co-Administrators with the will annexed.

Doug Simms Attorney