www.farmandranchrealty.com SELLER: MITCHELL FAMILY

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AUCTION LOCATION: DOLE-SPECTER
CONFERENCE CENTER, RUSSELL, KS
SELLER: MITCHELL FAMILY
LEGAL DESCRIPTIONS:
MANNER OF SALE: This real estate will be offered in 6 individual tracts only. There
will be NO COMBINATIONS OF ANY 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 February
17, 2016, 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 an identified title/escrow company in
their escrow account. Bidding is not contingent upon financing. Financing, if
necessary, needs to be arranged and approved prior to the auction. A 6% Buyer’s
Premium will be applied to the purchase price.
TRACT 1: W/2 of Section 36-11-14, Russell County, Kansas
TRACT 2: NE/4 of Section 36-11-14, Russell County, Kansas
TRACT 3: NE/4 of Section 20-11-13, Russell County, Kansas
TRACT 4: W/2, less NE/4NW/4 of Section 26-10-14, Osborne County, Kansas
TRACT 5: 9.1 ac in NE/4SE/4 in Section 6-11-13, Russell County, Kansas
TRACT 6: All of lots 19, 21 & 23 in Block 19 in the Town of Waldo, Russell
County, Kansas
Announcements made day of sale take precedence over printed material and
previously made oral statements.
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CROPS: Crops are subject to the tenant’s rights with the Buyers to receive the
landlord’s 1/3rd share of the 2016 wheat crop, if any.
FSA INFORMATION: Any future FSA farm program payments will be subject to FSA
program elected provisions made at the time of signup, and any future FSA
payments will be paid pursuant to FSA regulations. See chart below for cropland and
base acres.
CRP PAYMENTS: Buyers will receive the Seller’s 50% share of the 2016 CRP
payment which will accrue from 10/1/15 through 9/30/16, and all future payments
under the current contract. See chart below for details.
OSBORNE COUNTY
RUSSELL COUNTY
S 190TH Ave
LAND LOCATION: See maps – SIGNS WILL BE POSTED!
W 290TH Dr
6
5
18
WALDO
PARADISE
CLOSING: On or before February 17, 2016.
POSSESSION:
●Date of closing, subject to the tenant’s rights on the cropland and grass acres.
●Date of closing on the CRP acres.
Paradise Rd
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MINERAL RIGHTS: Seller will retain 100% of the mineral rights perpetually.
REAL ESTATE TAXES: Seller will pay taxes for 2015 and prior years. Taxes for
2016 will be the responsibility of the Buyers. See chart below for 2015 tax amounts.
Amherst Rd
1
2
RUSSELL
10 MILES
INTERNET BIDDING AVAILABLE – Register by JANUARY 4, 2016 to
bid online – CALL FARM & RANCH FOR DETAILS!
TRACT
AUCTION
ACRES
1
335.0
2
160.0
3
160.0
4
280.0
5
9.1
CROPLAND
ACRES
GRASS &
ROAD ACRES
*295.6
*199.4+
157.8
2.2+
175.1+
CRP
ACRES
104.9
9.1
CRP INFORMATION
PER AC/ANN PMT/EXP
WHEAT
BASE/ YLD
GRAIN SORG
BASE/ YLD
2015 TAXES
188.5/31
39.5/51
$2,569.78
103.7/31
21.7/51
$1,592.18
$209.10
$40.56/$2,127.50/9-30-21
2.3/44
4.5/80
$99.72
$4.26
6
944.1
462.5
376.7+
104.9
AUCTIONEER’S NOTE: The Mitchell Family has agreed to sell
this real estate at ABSOLUTE PUBLIC AUCTION on January 12,
2016, in Russell, Kansas. These farms are cropland and
grassland, with 105 acres of CRP located on Tract 4 in Osborne
County.
There are land and building lots at Waldo being offered
as Tracts 5 and 6. Tracts 1 and 2 are being split but can be put
together at the auction by being the highest bidder on both
tracts. There is a well and pond on Tract 1, and a large pond on
Tract 4.
The parcels will have signs posted for your convenience.
Please CALL NEAL MANN for a tour today at 785-635-2102.
WILL LOOK FORWARD TO SEEING YOU AT THE DOLESPECTOR CONFERENCE CENTER IN RUSSELL!
*Cropland and base acres on Tracts 1 and 2 are combined & will be split
by FSA after the sale.
FOR A VIRTUAL TOUR visit
www.farmandranchrealty.com
NEAL MANN, Listing Agent
(785-635-2102)
1420 W. 4th • Colby, KS 67701
TOLL FREE 1-800-247-7863
DONALD L. HAZLETT
BROKER/AUCTIONEER
“When you list with Farm & Ranch, it’s as good as SOLD!”
FARM & RANCH REALTY, INC.
PO BOX 947
COLBY, KS 67701
~ January 2016 ~
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Notes:
For a Virtual Tour visit
www.farmandranchrealty.com
Water well
Pond
TRACT 5
TRACT 6
Pond
19
21
23
TRACT 6
ACREAGES: Acreage figures are considered to be approximate and are
from reliable sources based on (USDA) FSA figures. FSA acres may not
be the same as deeded acres. The number of acres are not guaranteed by
title insurance.
ACCEPTANCE OF BIDS: The successful bidders 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 Buyers in the
amount of the purchase price with the premium to be paid one-half by the
Buyers and one-half by the Seller. Title evidence will be provided on sale
day.
INSPECTIONS: Each potential bidder is responsible for conducting their
own independent inspections and due diligence concerning pertinent facts
about the property. Neither Seller 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 oil and gas leases of record.
AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are
the Exclusive Agents of the Seller.