Auction Location: Community Building, at the fairgrounds, east edge of
Leoti, Ks.
Land Location: From Leoti, Ks – 6 miles south on Highway 25, 1 mile west
to Tract #1
Wichita County Real Estate Auction
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Legal:
Tract #1: NE 1/4 of 23-19-37 containing 159.7 acres, more or less, of
dryland farmland. All wheat stubble
Taxes: $1,184.98 2018 taxes paid by the seller, 2019 taxes paid by the buyer
Wheat 95.8-acre base 31-bushel PLC yield
Milo 25-acre base 36-bushel PLC yield
Tract #2: SW 1/4 of 26-19-37 containing 157.6 acres, more or less, of
dryland farmland. All in growing wheat
Taxes: $1,180.86 2018 taxes paid by the seller, 2019 taxes paid by the buyer
Tract #3: NW 1/4 of 35-19-37 containing 152 acres, more or less, of
dryland farmland and 7 acres, more or less, of CRP land. 152 acres of growing
wheat
Taxes: $1,104.48 2018 taxes paid by the seller, 2019 taxes paid by the buyer
Tract #4: SW 1/4 of 35-19-37 and the N 1/2 of the NW 1/4 of 2-20-37 and
the East 1/2 of 2-20-37 containing 418.40 acres, more or less, of dryland
farmland and 110 acres, more or less, of native pasture land, with an electric
submergible stock well. 10.6 acres of CRP land, more or less. 418.40 acres of
wheat stubble.
Taxes: $3,246.18 2018 taxes paid by the seller, 2019 taxes paid by the buyer
Tract #5: NW 1/4 of 11-20-37 containing 157.5 acres, more or less, of
dryland farmland. All in growing wheat
Taxes: $1,165.44 2018 taxes paid by the seller, 2019 taxes paid by the buyer
Tract #6: NW 1/4 of 3-20-37 containing 138.5 acres, more or less, dryland
farmland and 19.69 acres, more or less, of native grass land. All in growing
wheat
Taxes: $911.62 2018 taxes paid by the seller, 2019 taxes paid by the buyer
Tract #7: SE 1/4 of 34-19-37 containing 110.82 acres, more or less, of
dryland farmland, 34.7 acres of CRP grass land and 9.83 acres of native grass
with older farm shed. All in wheat stubble
Taxes: $1,323.70 2018 taxes paid by the seller, 2019 taxes paid by the buyer
FSA Information: For Tracts 2-7
Crop Base Acres PLC Yield
Wheat 727.6 31
Milo 190.1 36
Minerals: Sellers share of the mineral rights transferring with the land.
Broker:
Lawrence and Assoc. Realty
513 Main
Scott City, Ks. 67871
620-872-5267
Auctioneer / Listing Agent
Russell Berning
812 W M St.
Leoti, Ks. 67861
1-800-466-5202
Terms: 10% down day
of sale, with balance due, in certified funds, at closing. Closing to be on or
before March 22, 2019. Announcements day of the auction take precedence over
printed material. Buyer to reimburse present tenant for any spraying of wheat
stubble ground.
Possession: Possession of the pasture land and open land at closing.
Possession of land planted to wheat after 2019 wheat harvest.
Evidence of Title: Seller will provide to the buyer, title insurance, in the
amount of purchase price, with buyer and seller splitting premium 50%-50%.
Seller, upon buyer's request, will obtain a mineral certificate, with buyer
and seller splitting the cost 50%-50%.
Easements: This sale is subject to all rights of way and easements, whether
recorded or not, and any oil and gas lease of record.
Agency: Lawrence and Associates Realty are exclusive agents of the seller.
Thanks for your support.
