Edmonson, TX 79072 - Hale County

AUCTION!!! AUCTION!!! AUCTION!!! AUCTION!!!

Auction to be held Tuesday, November 15, 2011 at 11:00 a.m. Auction will be held on site: Location: Approximately mile north and 1 mile east of Edmonson Texas.

PRICE LISTED IS APPROXIMATE PRICE - LAND WILL BE SOLD AT AUCTION!!!!

Auction* Sold AS IS*Not Contingent Upon Financing*10% Earnest Money Down Sale Day* Closing within 30 days*Seller Will Provide Title Insurance*No Survey*

Seller will have 30 minutes to accept or reject any and all bids.

Minerals: Seller will reserve (50%) of the minerals currently owned.

All announcements made sale day take precedence over all previous advertisements.

Legal Description: West 300 acres of South 400 acres, Section 6, Block C4, Hale County Texas, save and except a 5 acre tract out of the west central portion, containing 295 acres more or less. (House and 5 acres are not included)

Description: This is a nice irrigated farm in North Central Hale County. Access is provided by CR M on the west boundary and CR 20 on the south boundary. There are a total of three wells. One well equipped with a 4 turbine pump is currently fueled by diesel. Another well is equipped with an 8 turbine pump currently on natural gas. One well has a turbine pump with a 50 HP vertical electric motor. The pumps, gear heads, and drive shafts will convey with property. The motors belong to the tenant.

A 1995 Zimmattic Pivot Sprinkler system, in good condition, is also included. This system covers 120 acres. There is another Reinke Sprinkler System that belongs to tenant. Other improvements include a metal/tin barn with sliding doors, electricity, and concrete floor, underground tile, and tail water pit.

USDA-FSA Bases/Yields:

Cotton Base- 195.0*Direct Yield- 724*CC Yield- 765*

Corn Base- 67.5*Direct Yield 156*CC Yield 152*

Total DCP Payment: $10,297.00

Street Real Estate*Johnny Street*806-847-7400*Farmland*Ranches*CRP*All Rural Properties*Five Star Auctioneers* Owners Jimmy Reeves (806-864-3362)* Jim Sumners (806-864-3611) (License #10006)