Grainfield, KS 67737 - Sheridan County

LEGAL DESCRIPTION: E/2 of 20-10-28

AUCTION LOCATION: AMERICAN LEGION, GRAINFIELD, KS

LAND LOCATION: From I-70 Exit 95 at Grainfield, Kansas, go 2 miles North to County Road EE, then 1 mile West to County Road 48, and 2 miles North to the SE corner of the property. SIGNS WILL BE POSTED!!

MANNER OF SALE: This real estate will be offered in one tract. Auction procedure and increments of bidding are at the discretion of the auction company.

TERMS: 10% down day of sale, with the balance to be paid on or before September 12, 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. Announcements made day of sale take precedence over printed material and previously made oral statements.

MINERAL RIGHTS: MINERAL RIGHTS ARE BELIEVED TO BE 100% INTACT! Seller will reserve a portion of the mineral rights under a TERM reservation Call Neal for details!CROPS: There are no growing crops.

FSA INFORMATION: Cropland acres 167.89

Grass & Creek Bottom acres- 152.11

Base Acres Direct Yield

Wheat 58.20 34

Grain Sorghum 9.50 42

Barley 9.60 41

All FSA farm program payments associated with the 2014 crop

year will be subject to the new Farm Bill provisions.

CLOSING: Date of closing will be on or before September 12, 2014.

POSSESSION: Date of closing.

REAL ESTATE TAXES: Seller will pay taxes for 2013 and prior years. Taxes for 2014 will be prorated to the date of closing. (2013= $1,464.86)

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 will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contract will be available prior to the sale.

EVIDENCE OF TITLE: Seller will provide title insurance to the Buyer in the amount of the purchase price with the premium to be paid by the Seller. Title evidence will be provided on sale day.

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.

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 Sellers.

AUCTIONEERS NOTE: The heirs of the Rose Prewo estate will offer this excellent half section for sale at ABSOLUTE PUBLIC AUCTION on Tuesday, August 12th at the American Legion in Grainfield. This is an unusual opportunity to buy a reputation farm close to Grainfield and to I-70 access! Lots of mature, creek-bottom trees, LIVE WATER, good winter protection for livestock, and productive cropland grace this fine offering. This is also an extraordinary hunting property! Possession is excellent as all the cropland, farmstead and grassland are open and available to the Buyer at closing. There is an older farmstead located on a main county road that is move-in ready! Land is located in an area of high mineral interest, and 100% of the mineral rights are believed to be intact. Seller will reserve a portion of the mineral rights under a TERM reservation call for details!

For a tour of this property,

call listing agent, Neal Mann, at 785-635-2102 TODAY!