Flyer - Lange Auctions

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A CRE S UMNER C O. F ARM W/F ARMSTEAD
M ONDAY , A UGUST 18, 2014 6:00 PM
260 S. R YAN R D ., M ILAN , KS. 67105
HELD ONSITE OPEN HOUSES: SUNDAY, AUG.3, 2-4 PM; MONDAY, AUG. 4, 5-7 PM
Homestead
All boundaries are approx. and may vary.
CALL 316316-619619-3719 OR CLICK WWW.LANGEAUCTIONS.NET FOR BUYER INFO PACKET
Pasture
Tillable
LEGAL DESCRIPTION:
SW/4 21-32-3W
PROPERTY LOCATION:
From Milan, KS: 1 mile South to 30 St. S; 1 mile east; property on NE corner of intersection
From Hwy 160 and Conway Springs Rd.: 2 mile south and 1 mile west. Property on NE corner of intersection. Auction will be held at the farmstead 1/2 mile north of the above intersection.
MANNER OF AUCTION:
Selling as one tract to highest bidder, subject to Seller approval. Home & outbuildings sell as is, where is.
PROPERTY DESCRIPTION:
161+/- acre Sumner Co. farm. All Class I & II soils with 102 tillable acres and 59 acres of native pasture
and homestead with a 2 BR, 1 BA home with new metal roof and misc. older farm outbuildings.
CROPS:
Seller to retain 2014 cash rents. Buyer to receive 2015 cash rent of $5,000 on tillable, and $800 on pasture
due July 31, 2015.
FSA INFORMATION:
Tenant to receive all 2014 & 2015 FSA payments. Buyer responsible for registering as new owner and
future programs with Sumner County FSA. Farmland: 161.24; Cropland: 101.61; DCP Cropland: 101.61;
Wheat Base Ac.: 101.6; Direct Yield: 31; CC Yield: 31
SOIL TYPES:
All Class I & II soils.
MINERALS:
Believed to be intact and transfer to Buyer.
TAX INFORMATION:
Seller will credit Buyer $1072 at closing for the purpose of paying 2014 taxes based off 2014 taxes of
$1072.13.
EASEMENTS:
Buyer to accept any and all easements, restrictions, roadways, and right-of-ways of record.
EARNEST MONEY TERMS:
$40,000 non-refundable earnest at contract signing, made out to Security 1st Title.
CLOSING DATE/PLACE:
On or before September 17, 2014 at Security 1st Title. Title policy and closing costs to be shared equally
between Buyer and Seller.
POSSESSION:
At closing on tillable land, residence, out buildings & farmstead. November 1, 2014 on pasture.
www.langeauctions.net
Information deemed reliable, but not guaranteed. Your bidding is NOT contingent upon financing.
If you would like to receive future auction flyers by email, please contact: kathyh@jefflangere.com
CONTACT DON @ 316-619-3719
Jeff M. Lange, Broker
Don Burford, Assoc. Broker/Auctioneer
Sellers: Don & Beverly Scott & Kevin Spencer
Broker cooperation & compensation is
offered. Form is online (www.langeauctions.net).
Broker’s registration form must be turned in to Jeff Lange
Real Estate by 4:00 pm the day before the auction.
Property is being sold as-is, where is. Buyer is
responsible for all inspections. Announcements
made by the auctioneer during the time of the
auction will take precedence over any previously
printed material or any other oral statements
made. Successful winning bidder(s) will be required to sign all necessary legally binding purchase documents immediately upon conclusion of
auction. All documents will be made available
upon request, to prospective buyers prior to auction. If documents are not understood, broker
recommends buyer to seek competent advice.