4-H BUILDING, Johnson, KSMorton County

LEGAL DESCRIPTION: Section 5-31-41

LAND LOCATION: From the junction of Hwys 160 and 27 in Johnson, Kansas, go 13 miles South to the Morton/Stanton County line, then 1¼ miles West to the NE corner of the property. SIGNS WILL BE POSTED!

TERMS: 10% down day of sale, with the balance to be paid on or before November 16, 2010, 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 and previously made oral statements.

MINERAL RIGHTS: Sellers will convey surface rights only on this land to the Buyer at closing.

CROPS: There are no growing crops.

NEW CRP CONTACT INFORMATION: CRP ACRES: 633.2

•633.2 acres accepted for CRP at $31 per acre through 9/30/2020.

Buyer will execute a new CRP-1 contract, and will have until December 31, 2010 to approve a conservation plan on this farm. Contact Morton County FSA for more information.

CLOSING: On or before November 16, 2010

POSSESSION: Date of closing.

REAL ESTATE TAXES: Sellers will pay taxes for all of 2009 and prior years. Taxes for 2010 will be prorated to the date of closing. (2009 taxes = $2,058.26)

ACCEPTANCE OF BIDS: The successful bidder will be required to enter into a Farm & Ranch Real Estate Purchase Contract immediately following the auction. A copy 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 one-half by the Buyer and one-half by the Sellers. Title evidence will be provided on sale day.

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. FSA acres may not be the same as deeded acres or county appraiser acres.

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 lease of record.

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

AUCTIONEER’S NOTE: A NEW CRP contract on this farm has been accepted by FSA USDA at $31/acre, for an annual payment of $19,630. Buyer will need to approve the NRCS conservation plan prior to 12/31/10.

This is a “perfectly flat” (see map) section of land that is all Richfield and Ulysses silt loam soils with 0-1% slope. You can stand on any corner and see the other 4 corners!

This section would make an excellent cropland section investment. Land like this seldom comes for sale on the open market so don’t miss this opportunity! Internet bidding available if you cannot attend the sale.

INTERNET BIDDING AVAILABLE – Register by October 13th to bid online. Call for details