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***AUCTION*** TRACT 2: Part of a 2 Tract Auction to be held at the Gathering Place Restaurant (105 N. Main Street in downtown Stafford) Saturday September 24th @ 10:30 a.m.
Sellers: Mark A. McCune Trust A., and Dale E. McCune Trust A., (Trustees: Glenn M. Williams, Trustee of Mark A. McCune Trust A., and Mark A. McCune, Trustee of Dale E. McCune Trust A.)
Terms and Conditions:
PROCEDURE: The farm will be offered in 2 separate tracts. Tract 1: 157.10 +/- acres in the Sw/4 of Section 8-25-12, and Tract 2: 157.27+/- acres in the Se/4 of 7-25-12. 314.37+/- ac Total. This is a Sellers Choice Auction.
DOWN PAYMENT: 10% down payment on the day of the auction. If the buyer defaults on the purchase, the down payment will not be refunded. THIS AUCTION IS NOT CONTINGENT UPON FINANCING.
CLOSING: Closing will be in 30 days or less from the date of the auction. Time is of the essence.
POSSESSION: Possession of the property is contingent upon who the winning bidder is.
The current tenant farmers are on a 1/3rd 2/3rds share crop with the Sellers. Wheat averaged 37 bushels per ac on each parcel. Farmers have agreed to vacate the tillable acres on all tracts. All prepping for the farm land to be planted will be paid by the sellers. (See tract 1 and 2 aerial pages for more info).
Tracts 1 and 2 the sellers have paid for all costs to prep the land for the 2016-2017 winter wheat to be drilled. There are no costs up front for the Buyer to pay for previous prepping of the land. Earlier possession of the property will have to be agreed upon by the Sellers and Buyers day of the auction.
REAL ESTATE TAXES: Real estate taxes for 2015, payable in 2016, shall be seller?s expense. All subsequent real estate taxes will be prorated to the closing date. Last years taxes for Tract 1 =$547.32 Tract 2 = $922.24
ACCEPTANCE OF BID PRICE: Successful bidders will sign a Real Estate Purchase Agreement immediately following the auction. The sellers reserve the right to accept or reject any and all bids.
TITLE: Seller will furnish the successful bidder an Owner?s Policy of Title Insurance in the amount of the purchase price and will provide a deed, subject to standard exceptions, conveying the real estate to the Buyers.
MINERAL RIGHTS: Tract 1 oil production: 614 barrels sold in last two years. Tract 2 oil data: As of August 8th 195 total barrels for the 2016 year. Last two years 1,400 barrels sold. DATA ON OIL ? Averages 2.5-3 tanks per year or roughly 1.5 barrels per day. Approx. sellers share per well = $2,942.75 at 43$ per barrel oil prices. The Sellers have the right to negotiate the sale with or without mineral rights depending on the highest bid. Sale of property shall include any mineral rights owned by the Trust or as Individuals if the highest bid is accepted by the Sellers. The Sellers have conducted a mineral search and do own a full 1/8th on both wells.
Cattle Pasture: Tract 1 the pasture is not leased. Tract 2 the cattle pasture is occupied until Feb 28th, 2017. The pasture income will be prorated to the date of closing.
DISCLAIMER AND ABSENCE OF WARRANTIES: THIS PROPERTY IS BEING SOLD ON AN ?AS IS, WHERE IS? basis and no warranty or representation, either express or implied, concerning the property is made by either the Seller or the auction company. Each bidder is responsible for conducting his own inspections and due diligence concerning the property, improvements and auction. Information contained in any advertising, brochure or related materials are subject to the terms and conditions of sale outlined in the Real Estate Purchase Agreement. Auction conduct and bid increments are at the discretion of the auctioneer. All decisions of the auctioneer are final. The seller and auction company reserve the right to preclude anyone from bidding if there is a question as to the person?s credentials, fitness, intent, etc. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
AGENCY DISCLOSURE: In this auction, the auction company staff and auctioneer are the Seller?s agents and have fiduciary duty only to the Seller.
Located just south and west of Stafford in Stafford County, Ks this 157.27 +/- acre tract covers all the bases for a farmer / outdoors-men. Legals: Se/4 of 7-25-12. The property consists of 103+/- acres of tillable acres, approximately 46.97+/- acres in pasture, and the remainder in trees / shelterbelts. There is currently an active oil well on the property. The current farm agreement is 1/3 2/3rds crop share. The remaining acres are thick pasture grass, plumb thickets, and timber which is excellent for whitetail deer, turkey, quail, and other game. There are water hydrants located on the property, electricity close by, and also an old barn. All mineral rights, and oil and gas rights pass from the Sellers to the Buyer. Sellers have the right to negotiate with or without minerals.
Oil production is estimated at $2,900 per year.
Last years taxes: $922.24
Crop yields: 37 bushels per acres on wheat
For more information on this property contact Ryan Koelsch at 620-546-3746 or [Email listed above]
MOPH Koelsch Outdoor Properties LLC is not responsible for exact property lines or transferring FSA/Government data.
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NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.