40th & Marble road, Courtland, KS 66939 - Republic County

REAL ESTATE AUCTION

WEDNESDAY, DECEMBER 5

10:00 A.M.

Auction will be held at City Office Library in Courtland, Kansas

Tract I: Legal: NW 34-2-5 Republic Co. Kansas

General: 157.5 acres located on 40th & Marble road from Highways 36 & 266 north 3 miles & 1 west. There are approximately 11 acres irrigated, 16 dry land acres, 14 acres brome, 110 acres pasture, 6.5 acres of farmstead with 2 bedroom home that has dinning room, living room, kitchen, utility room, full basement and a double car garage. The home needs work. The seller will do no inspections or repairs on home. All inspections made by purchaser must be done by December 5, 2012. There are 2 approximately 40 x 60 metal buildings, and a sheep barn. USDA 156 record has 81.5 cropland acres. Base acres are wheat 4.1 with 35 bu yield: corn 13.6 with 97 bu yield, 110 bu CC yield: grain sorghum 4.1 with 60 bu yield, 57 bu CC yield: soybean 8.1 with 22 bu yield, 26 bu CC yield: for a total of 29.9 base acres. Conservation system is being actively applied. 2011 taxes were $1713.45 general and $3,714.26 special for a total of $5,427.71.

Possession of the buildings, pasture and brome will be upon closing. Possession of land planted to wheat will be after 2013 wheat harvest. Purchaser will receive cash rent of $80.00 per acre on acres planted to 2013 wheat.

HAROLD & ELIZABETH BROWN

Tract II: Legal: SW 25-2-6 Jewell Co. Kansas

General: 158.9 acres located NE corner T & 300 roads. The farm is in brome grass with a large pond. USDA 156 record has 48.8 crop land acres with base acres of 7.3 soybean with 20 bu yield. Classified as not HEL. 2011 taxes were $249.06 .

Possession will be upon closing.

Tract III: Legal: E SE 9-2-5 Republic Co. Kansas

General: 78.4 acres located NW corner Jade & 40 roads. There are approximately 40 acres of farm land with the balance grass & trees. There is a metal building with concrete floor approximately 50 x 80. USDA 156 record has 49.3 cropland acres with base acres wheat 21.7 with 35 bu yield: soybean base 11.4 acres with 22 bu yield, 26 bu CC yield, for a total base of 33.1 acres. 2011 taxes were $593.93.

Possession of the building and grass will be upon closing, possession of the land planted to wheat will be after 2013 wheat harvest. Purchaser will receive cash rent of $80.00 per acre on acres planted to 2013 wheat.

Tract IV: Legal: SW 15-2-5 Republic Co. Kansas

General: 156.4 acres located King & 40th roads. There are 45 irrigated acres, 38 acres brome, 10 acres alfalfa and 61 acres pasture. USDA 156 record has 93.7 cropland acres with base acres of corn 23.5 with 97 bu yield, 110 CC yield: soybean acres 7.8 with 22 bu yield, 26 bu CC yield for a total base acres of 31.3 acres. 2011 taxes were $714.93 general, $3,103.73 special for a total of $3,818.66.

Possession of pasture, brome and alfalfa acres will be upon closing. Possession of land planted to wheat will be after 2013 wheat harvest. Purchaser will receive cash rent of $80.00 per acre on acres planted to 2013 wheat.

Tract V: Legal: Lots 11, 12, 13 in 6-1-5 Republic Co. Kansas

General: 131.7 acres located 10 & Birch roads (6 miles West & 4 miles North of Republic, Ks). There are 75.2 cropland acres with wheat base acres of 14.5 with 34 bu yield, corn 53.7 acres with 109 bu yield, soybeans 1.5 acres with 20 bu yield for a total of 69.7 base acres. Classified at not HEL. There are approximately 56.5 acres of trees. 2011 taxes were $757.01.

Possession will be after 2013 wheat harvest on acres planted to wheat. Purchaser will receive cash rent of $85.00 per acre on acres planted to 2013 wheat.

Tract VI: Legal: Lots 12 & 13 in SE 1-1-6 Jewell Co. Kansas

General: 125.6 acres located West across the road from Tract V. There are 86.6 cropland acres with wheat base of 21.9 acres with 34 bu yield, corn 53.0 acres with 86 bu yield, soybean 2.7 acres with 20 bu yield for a total base of 77.6 acres. Classified as not HEL. The balance are trees. 2011 taxes were $ 1,435.88.

Possession will be after 2013 wheat harvest on acres planted to wheat. Purchaser will receive cash rent of $85.00 per acre on acres planted to 2013 wheat.

Terms: Terms on all tracts are 10% of purchase price as down payment, the balance will be due upon closing on or before Jan. 31, 2013. The down payment will be escrowed by William Navis Law Office. Escrow & closing fees will be split 50/50 between seller & purchaser. Title insurance will be used, the cost will be split 50/50 between seller & purchaser. Seller will pay 2012 taxes, Purchaser will pay all of 2013 taxes.

Thummel Real Estate & Auction LLC is acting as seller agent. All statements made day of auction take precedence over printed material.