Dresden, KS 67635 - Decatur County

LEGAL DESCRIPTIONS:

TRACT 1: NE/4 of 13-4-28

TRACT 2: NW/4 of 13-4-28

TRACT 3: NW/4 of 14-4-28

TRACT 4: SW/4 of 14-4-28

TRACT 5: W/2NE/4 of 26-4-28

LAND LOCATION: From Hwy 383 in Dresden, Kansas, go 6 miles North to the SW corner of Tract 1. SIGNS WILL BE POSTED!

MANNER OF SALE: This real estate will be offered in 5 individual tracts only. There will be no combinations of tracts. 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 November 21, 2012, 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 and will transfer to the Buyer(s) at closing.

CROPS: Seller will retain the 2012 corn crop. Buyer(s) will reimburse the tenant for burndown chemical application on the wheat stubble.

FSA INFORMATION: Seller will retain all FSA payments associated with the 2012 crop year. See chart below for base acres and yields.

CLOSING: Closing will be on or before November 21, 2012.

POSSESSION: March 1, 2013.

REAL ESTATE TAXES: Taxes for 2012 and prior years will be paid by the Seller. See chart below for 2011 tax amounts.

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. Acreages are not covered by title insurance.

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections & due diligence concerning pertinent facts about the property. Neither Seller or Farm & Ranch Realty, Inc., its agents or representatives, are making any warranties about the property, either expressed or implied. Statements, while not guaranteed, are from reliable sources.

ACCEPTANCE OF BIDS: Each 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: Seller will provide title insurance to the Buyer(s) in the amount of the purchase price with the premium to be paid one-half by the Buyer(s) and one-half by the Seller. Title evidence will be provided on sale day

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 Seller.

AUCTIONEERS NOTE: This is one of the best farms in NW Kansas and Decatur County, Kansas. It will sell to the highest bidder on Wednesday, October 24, 2012.

This land has been in the Petracek family for many years. They are offering it at ABSOLUTE PUBLIC AUCTION in 5 parcels, or you can buy it all in the individual tracts. There will be no combinations offered. There are great tenants in place or you can farm it yourself!

This is an area of long time, high producing land. Very seldom do we have an offering as outstanding as this one.

Call Mike Bailey at 785-678-8082 for more details

and be sure to attend this land auction!