Cheyenne Wells, CO 80810 - Cheyenne County

LEGAL DESCRIPTION:

S/2 of 26-16-43; and SE/4 & E/2SW/4 of 27-16-43

SELLERS: Scot & Nicki Trost, and Randall & Cinda Trost

LAND LOCATION: From Cheyenne Wells, Colorado, go 11 miles South on Hwy 385 to CR D, 7 miles East to CR 53, and 1 miles South to the NE 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, balance to be paid on or before May 2, 2014, or upon such terms as may be acceptable to the Sellers. 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 previously made oral statements.

CROPS & CROP INSURANCE: There are 572.9 acres planted to wheat and Buyer will receive 100% of the crop. There is RP crop insurance in effect at the 75% level thru Triple J. Insurance of Stratton, Colorado. The guarantee amount is $70,468.42 and the premium is $3,777. Sellers will transfer all rights of indemnity to the Buyer at closing and Buyer will pay premiums, and receive any benefits therefrom.

FSA INFORMATION: Cropland acres: 572.9

Base Acres DCP Yield

Wheat 454.1 31

Grain Sorghum 55.0 31

Sunflowers 29.1 1227

Barley 28.0 32

FSA farm program payments associated with the 2014 crop year will be subject to the new Farm Bill provisions.

CLOSING: Closing will be on or before May 2, 2014.

POSSESSION: Date of closing.

MINERAL RIGHTS: Mineral rights are subject to prior reservations of record and Sellers will convey surface rights only to the Buyer at closing.

REAL ESTATE TAXES: Sellers will pay taxes for all of 2013 and prior years. Taxes for 2014 will be the responsibility of the Buyer. (2013 Taxes = $779.26)

LAND LOCATION: From Cheyenne Wells, Colorado, go 11 miles South on Hwy 385 to CR D, 7 miles East to CR 53, and 1 miles South to the NE 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, balance to be paid on or before May 2, 2014, or upon such terms as may be acceptable to the Sellers. 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 previously made oral statements.

CROPS & CROP INSURANCE: There are 572.9 acres planted to wheat and Buyer will receive 100% of the crop. There is RP crop insurance in effect at the 75% level thru Triple J. Insurance of Stratton, Colorado. The guarantee amount is $70,468.42 and the premium is $3,777. Sellers will transfer all rights of indemnity to the Buyer at closing and Buyer will pay premiums, and receive any benefits therefrom.

FSA INFORMATION: Cropland acres: 572.9

Base Acres DCP Yield

Wheat 454.1 31

Grain Sorghum 55.0 31

Sunflowers 29.1 1227

Barley 28.0 32

FSA farm program payments associated with the 2014 crop year will be subject to the new Farm Bill provisions.

CLOSING: Closing will be on or before May 2, 2014.

POSSESSION: Date of closing.

MINERAL RIGHTS: Mineral rights are subject to prior reservations of record and Sellers will convey surface rights only to the Buyer at closing.

REAL ESTATE TAXES: Sellers will pay taxes for all of 2013 and prior years. Taxes for 2014 will be the responsibility of the Buyer. (2013 Taxes = $779.26)

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 from the auction company prior to the sale.

EVIDENCE OF TITLE: Sellers will provide title insurance to the Buyer in the amount of the purchase price with the premium to be paid by the Sellers. 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 Sellers 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 leases of record.

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

AUCTIONEERS NOTE:

Excellent piece of cropland in a very productive area of Cheyenne County. This land is nearly flat and has good soils. Owners have been raising wheat, corn and milo.

This farm would make an excellent investment. There are many young farmers to rent it if you cannot farm it yourself.

There is very little land that sells in this area. For an exclusive tour call Travis Weaver at 620-376-4600.

SEE YOU AT THE AUCTION!!