Oxbow RD, Minneapolis, KS 67467 - Ottawa County

REAL ESTATE AUCTION

Sunday, December 5, 2010

2:00 PM

Auction will be held at 1986 Oxbow RD, Minneapolis, Kansas

The homestead across the road South of the pasture

Owners: Thomas L. and Kathy J. Palmer

Legal Description: The SE/4 17-10-2, Ottawa County, Kansas 160 acres more or less.

General Description: 160 acres more or less with 149 acres native grass pasture and approximately 11 acres brome hay meadow. The brome meadow is fenced off separately from the pasture. The perimeter fences are all good to excellent. The pasture has 3 ponds for water, is cross fenced, has a set of steel pens, tub, working alley and load out alley. There is a windbreak North of the pens.

Terms: 10% due the day of sale and Buyer will sign a real estate purchase agreement. The balance will be due on or before December 30, 2010. Seller will be responsible for 2010 taxes and any unpaid prior years taxes. Title insurance will be used with the cost of title insurance and escrow fee split equally between the buyer and seller. All mineral rights owned by the Seller will pass with the land to the buyer. The property is selling “as is” with no guarantees or warranties made by the Seller, Coldwell Banker Antrim-Piper Wenger, Inc or Thummel Real Estate & Auction, LLC.

Possession: The pasture is currently rented as winter pasture by tenant Spencer Schrader, and the tenant will give possession of the pasture on May 1, 2011. The seller will retain all rent for the current winter season.