Halford, KS 67701 - Thomas County

LEGAL DESCRIPTION:

N/2 of Section 19-8-31

LAND LOCATION: Located between Halford and Menlo, Kansas, South of Hwy 24. 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 April 8, 2015, 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 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 will take precedence over printed material and previously made oral statements.

MINERAL RIGHTS: Minerals are believed to be 100% intact and all of the Sellers interest will transfer to the Buyer at closing.

CROPS: There are no growing crops.

FSA PAYMENTS: CROPLAND ACRES - 310.35

BASE ACRES DIRECT YIELD

Wheat 167.0 44

Grain Sorghum 55.2 48

Any FSA farm program payments associated with the 2015 crop year will be subject to FSA program elected provisions at the time of signup. Buyer will receive any payments associated with the 2015 crop year.

CLOSING: Closing will be on or before April 8, 2015.

POSSESSION: Date of closing.

REAL ESTATE TAXES: Seller will pay taxes for 2014 and prior years. Taxes for 2015 will be prorated to the date of closing. (2014 taxes = $1,597.78)

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 from the auction company prior to the sale.

ACREAGES: Acreage figures are considered to be approximate and are from reliable sources based on (USDA) FSA figures. FSA acres may not be the same as deeded acres. The number of acres are not guaranteed by title insurance.

EVIDENCE OF TITLE: Seller will provide title insurance to the Buyer in the amount of the purchase price with the premium to be paid one-half by the Buyer and one-half 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 any oil and gas lease of record.

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

AUCTIONEERS NOTE: The Della Bailey trust will offer this awesome half section of cropland located 12 miles East and 2 miles South of Colby, Kansas at ABSOLUTE PUBLIC AUCTION on Tuesday, March 3rd.

The land is open and Buyer will get immediate possession. All the mineral rights are believed to be intact and going to the Buyer.

Signs are posted on Hwy 24, and on the property. For additional information call Don at 1-800-247-7863 or on his cell 785-443-1299.

SEE YOU AT THE AUCTION!!