1840 acres Wichita County Land

Monday, November 20, 2017 11:00 AM

Carr Auction & Real Estate, Inc.
502 E. M, Leoti, KS US

www.carrauction.com

 1840 ACRES WICHITA COUNTY LAND

A U C T I O N

MONDAY, NOVEMBER 20, 2017

COMMENCING AT 11:00 A.M. CENTRAL TIME

SELLERS: SMITH FAMILY

 LOCATION: COMMUNITY BUILDING, 502 E. M, LEOTI, KS  67861

 

 1840 ACRES WICHITA COUNTY LAND

TRACT #1.  SE/4 & E/2 SW/4 6-20-35, Wichita Co., KS.  Consisting of 240 Acres, More or Less.  .125 Royalty Interest in “G & G Smith Lease” Wells.  2016 Total Production 1550 Bbls.  2017 Production Has Been Approx. 125 Bbl. Per Month.  240 Acres to be Planted to Wheat.  2016 Taxes Were Approx. $1,656.00

TRACT #2.  NE/4 6-20-35, Wichita Co., KS.  Consisting of 160 Acres, More or Less, All Open Dry Cropland.  2016 Taxes Approx. $1,104.00

TRACT #3.  S/2 27-19-37, Wichita Co., KS.  Consisting of 320 Acres, More or Less, All Dry Cropland.  160 Acres to be Planted to Wheat.  2016 Taxes Were $2,250.84.

TRACT #4.  W/2 32-19-36, Wichita Co., KS.  Consisting of 320 Acres, More or Less, All Dry Cropland and Will All Be Planted to Wheat.  2016 Taxes Were $2,172.54.

TRACT #5.  NE/4 4-20-36, Wichita Co., KS.  Consisting of 160 Acres, More or Less, All Open Dry Cropland.  2016 Taxes Were $1,028.60.

TRACT #6.  NE/4 9-20-36, Wichita Co., KS.  Consisting of 160 Acres, More or Less with 125 Acres Open Dry Cropland, Balance Grass.  2016 Taxes Were $860.10.

TRACT #7.  W/2 & SE/4 19-20-35, Wichita Co., KS.  Consisting of 480 Acres, More or Less, All Dry Cropland.  320 Acres to be Planted to Wheat.  .0625 Royalty Interest in “Horton-Smith Lease”.  2016 Total Production 838 Bbls.  2016 Taxes Were $3,401.20.

TERMS & CONDITIONS

TERMS:  $30,000 Down on Day of Sale on Each Tract.  Balance Due in 30 Days or Sooner With Title Approval.  Title Insurance Will Be Used, Cost Will Be Shared 50/50 Between Buyer & Seller. 

POSSESSION:   At Closing, Subject to Current Tenant’s Rights.

FSA INFORMATION:  Tracts #1 & #2: 194.03 Ac. Wheat Base & 26.86 Ac. Grain Sorghum Base; Tract #3: 159.92 Ac. Wheat Base & 22.14 Ac. Grain Sorghum Base; Tract #4: 159.3 Ac. Wheat Base & 22.05 Ac. Grain Sorghum Base; Tract #5: 75.24 Ac. Wheat Base & 10.43 Ac. Grain Sorghum Base; Tract #6: 63.22 Ac. Wheat Base & 8.75 Ac. Grain Sorghum Base; Tract #7: 238.72 Ac. Wheat Base & 33.04 Ac. Grain Sorghum Base.

MINERALS:  Sellers Mineral Interest Sells with the Land and is Believed to be 100% on all Tracts.

CROPS:  1/3 of All 2018 Wheat Crop Will Go to Buyers.  Buyers to Pay 1/3 of Related Expenses.  Buyer to Obtain Their Own Crop Insurance, If So Desired.

TAXES:  Sellers to Pay 2017 and All Prior Years Real Estate Taxes.

Any Announcement Made Sale Day Shall Take Precedence Over All Advertised Material.  Sells Subject to All Easements, Leases & Right-of-Ways of Record.  Carr Auction & Real Estate, Inc. Will Be Acting as Seller’s Agent.

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Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. Carr Auction & Real Estate, Inc., agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.