Troy, KS 66087 - Doniphan County

SELLER: JENNIFER C. TEALL

LEGAL DESCRIPTIONS:

Tract 1: N/2/SE/4 of Section 30-3-19

Tract 2: NE/4 of Section 30-3-19

LAND LOCATION: From the intersection of Hwy 36 and Ash Point Road 1 mile East of the Doniphan/Brown County line, go 5 miles South to the NE corner of Tract 2. SIGNS ARE POSTED!

MANNER OF SALE: This property will be offered as a MULTI-PARCEL auction in 2 individual tracts and in combination of tracts. It will be sold in the manner that produces the highest aggregate bid. There will be OPEN BIDDING on both tracts and combination of the tracts during the auction as determined by the auction company. Bids on both tracts and the total property may compete. Auction procedure and increments of bidding are at the discretion of the auction company.

TERMS: 10% down day of sale, balance to be paid on or before October 21, 2014, 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 the auction company in their trust account or 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. All bids are subject to Seller confirmation. Announcements made day of sale take precedence over printed material or previously made oral statements.

MINERAL RIGHTS: Mineral rights are believed to be 100% intact, and all of the Sellers interest will transfer to the Buyer(s) at closing.

CROPS: Seller will retain the landlords 1/3rd share of the 2014 corn and soybean crops.

FSA INFORMATION: Cropland Acres - 181.2

Grass & Creek Bottom acres- 58.8+

Base Acres* DCP Yield

Wheat 22.0 39

Corn 44.7 88

Grain Sorghum 26.3 88

Soybeans 33.8 30

*Base acres are currently combined and will be split by FSA in the manner the land sells at the auction. All FSA farm program payments associated with the 2014 crop year will be subject to the 2014 Farm Bill provisions.

CLOSING: Closing will be on or before October 21, 2014.

POSSESSION: Date of closing, subject to the tenants rights to harvest the 2014 growing crops.

REAL ESTATE TAXES: Taxes for 2014 will be split in the manner the land sells at auction and prorated to the date of closing. (2013 = $3,055.76)

ACREAGES: Acreage figures are considered to be approximate and are from reliable sources based on (USDA) FSA figures. All FSA information is subject to change, including but not limited to the number of cropland acres, grass acres, base acreages and yields. FSA acres may not be the same as deeded acres or county appraiser acres. Acreages are not covered by title insurance.

ACCEPTANCE OF BIDS: The successful bidder(s) will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contract will be available from the auction company prior to the sale

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Seller nor Farm & Ranch Realty, Inc., its agents or representatives, are making any warranties about the property, either expressed or implied.

EVIDENCE OF TITLE: Seller will provide title insurance to the Buyer(s) in the amount of the purchase price with the premium to be paid one-half by the Buyer(s) and one-half by the Sellers. Title evidence will be provided on sale day

EASEMENTS: This sale is subject to all rights-of-way and easements, whether recorded or not, and to oil and gas leases of record, if any.

AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Seller.

AUCTIONEERS NOTE: This is an excellent opportunity to buy good productive cropland in Doniphan County. The cropland is terraced and does have tile drainage. Squaw Creek runs through Tract 2 and the property is well known for its deer, turkey and quail hunting. Ash Point is a good all weather road that provides good access to the property. There are a number of qualified farmers in the area for the investor. You can buy either Tract 1 or Tract 2 or the entire property! Auctioneers will be at the sale site on Thursday, September 18th from 2 to 4 PM for additional information. SEE YOU AT THE AUCTION!