79+/- ACRES FARMLAND IN SUMNER COUNTY KS

79± ACRES FARMLAND, SUMNER COUNTY, KS 

ONLINE AUCTION ENDS: Friday July 10th, 2019, 2:00 pm

LEGAL: S/2 OF NE/4 Section 31, Township 33S, Range 2 East, Sumner County KS

DIRECTIONS: From Wellington KS: 5 mi. East on Hwy 160 to Oliver Rd, South on Oliver 9 mi. to 100th St S, East on 100th St S 2 mi. to Rock Rd, South on Rock Rd 1/4 mi. to property

*71 Acres tillable on the south 78.76 acres, estimated using digital mapping*

FSA INFO (2020 Program year. **Based on the entire quarter section**): Total: 112.80 Acres

Tillable Wheat: 65.6 Base Acres, 37 PLC Yield
Grain Sorghum: 30.35 Base Acres, 46 PLC Yield
Barley : 1.8 Base Acres, 49 PLC Yield
Corn: 9.09 Acres, 49 PLC Yield

SOIL TYPES:
Farnum loam, 1 to 3 percent slopes 20.3 25.5%
Elandco silt loam, frequently flooded 1.0 1.2%
Bethany silt loam, 0 to 1 percent slopes 38.2 48.0%
Bethany silt loam, 1 to 3 percent slopes 19.3 24.2%
Milan loam, 1 to 3 percent slopes 0.8 1.0%

2020 TAXES: Not yet estimated for this parcel

TERMS AND CONDITIONS:
BUYER'S PREMIUM: There will be a 10% Buyer's Premium added to the final bid. The buyer's premium, together with the final bid amount, will constitute the total purchase price.
EARNEST DEPOSIT: $10,000 Earnest deposit due immediately from successful bidder in the form of personal or business check, cashier's check, or wire transfer.
POSSESSION: Subject to current tenant rights and after harvest of 2020 cotton crop
CROP SHARE:
- Buyer will receive 1/3 share of the 2020 cotton crop
- Buyer shall reimburse seller for their 1/3 portion of the 2020 fertilizer
- Buyer will be responsible for 1/3 of any herbicide, insecticide, fertilizer, and other chemicals associated with the current cotton crop
MINERALS: 100% of seller owned minerals will convey to buyer
TAXES: Seller pays 2019 taxes and prior years, 2020 taxes to be prorated to date of closing
TITLE/ESCROW FEES: Owner's Title Policy and escrow closing fees shall be shared equally between Seller and Buyer. Any lender required costs shall be the Buyer's expense. Preliminary title commitment will be prepared by Security 1st Title in Wellington, Kansas. Escrow closing will be handled through Security 1st Title.
CONDITION OF PROPERTY: Being sold "AS IS, WHERE IS", and without any contingencies including financing, inspections, etc., and is accepted by the buyer without any expressed or implied warranties or representation from the seller or his own due diligence prior to bidding on property. It is the sole responsibility of the prospective purchaser to conduct his or her independent inspections, investigations, inquiries, and due diligence concerning the property prior to the auction end. Information given is from sources deemed reliable but not guaranteed by the seller or the Auctioneer. CLOSING: Closing on or before August 10th (or as soon thereafter as closing documents are available). The balance of the purchase price is due IN CERTIFIED FUNDS.
ACREAGE: Acres derived from Survey
Seller: Wayne L. Harris Trust