ROOKS COUNTY, KANSAS LAND AUCTION
Selling 800± Acres for the Desmarteau Brothers
Cultivation CRP Hunting - Pasture
1031 Acceptable
Tuesday, Feb. 27th, 2007, 10:00 A.M.
Auction Location: American Legion Hall, Stockton, KS.
(2 blocks East of Stoplight and ½ Block North)
be sure to check our website for color pictures
www.hamitauction.com
TRACT 1 $110,000.00
Legal Description. The Southwest Quarter (SW/4) of Section Thirty Three (33) Township Six (6) South, Range Nineteen (19) West of the 6th P.M., Rooks County, Ks. being acres more or less Excepting; An approx. 4.16 acre tract in the Southwest corner.
General Description & FSA Info: This tract of land contains approx. 149.1 acres of cropland with the balance being waste. Crop Bases are as follows; Wheat-146 acres, 35 Bu. Yield - Grain Sorghum 1.5 acres, 43 Bu. Yield
TRACT 2 $190,000.00
Legal Description: The North Half (N/2) of Section Nine (9), Township Seven (7) South, Range Nineteen (19) West of the 6th P.M., Rooks County. Ks. being 320 acres more or less Excepting; An approx. 4.03 acre tract of land located on the east end.
General Description & FSA Info: This tract of land contains approx. 256.9 acres of cropland with 44.6 acres of that being CRP. The balance of this property is native grass. Crop Bases are as follows; Wheat-144.4 acres, 35 Bu. Yield - Corn - .02 acres, 42 Bu. Yield Grain Sorghum 23.5 acres, 43 Bu. Yield and Barley 44.2 acres, 41 Bu. Yield. CRP contract on 44.6 acres expires in 2009. Buyer shall receive the 2008 & 2009 payments at $35.74 per acre.
TRACT 3 $96,000.00
Legal Description: The Southwest Quarter (SW/4) of Section Twenty Eight (28) Township Six (6) South, Range Nineteen (19) West of the 6th P.M., Rooks County, Ks. being 160 acres more or less Excepting; An approx. 1.72 acre tract in the Northwest corner.
General Description & FSA Info: This tract of land contains approx. 156.4 acres of cropland with 30.2 acres of that being CRP. Crop Bases are as follows; Wheat- 88 acres, 35 Bu. Yield - Corn - .02 acres, 42 Bu. Yield Grain Sorghum 10 acres, 43 Bu. Yield and Barley 25.3 acres, 41 Bu. Yield. CRP contract on 30.2 acres expires in 2010. Buyer shall receive the 2008, 2009 & 2010 payments at $31.00 per acre
TRACT 4 $69,000.00
Legal Description: The Southeast Quarter (SW/4) of Section Thirty Two (32) Township Six (6) South, Range Nineteen (19) West of the 6th P.M., Rooks County, Ks.
General Description: This tract has 152.2 acres of CRP with the balance being waste. CRP contract on 152.2 acres expires in 2009. Buyer shall receive the 2008 and the 2009 payments at $34.67 per acre. There are no crop bases assigned to this tract.
Other Information Concerning All Tracts
Growing Crop Info. & Cash Rent Property is currently under a cash rent agreement and the Buyer(s) will not be receiving any crop shares, 2007 Government Payments or the 2007 CRP Payments. The Buyer(s) shall be entitled to all 2007 cash rent payments which shall be as follows. May 1, 2007 , Tract 1. $1,650.00, Tract 2. $3,300.00, Tract 3. $1,650.00 & Tract 4. $1,650.00 The same amounts shall be due and payable again on Nov. 1, 2007
Minerals - Excepting and reserving unto said grantor(s), its successors, and assigns an undivided ½ interest in and to the oil and gas and other minerals in and under and that may be produced from the afore-described real estate for a period of 20 years from date of deed, and as long thereafter as oil and gas or other minerals are being produced and mined from said land
Taxes: Seller to pay all the 2006 taxes and prior years taxes. 2007 taxes will be prorated to the date of closing and all subsequent years taxes shall be the responsibility of the Buyer. 2006 taxes were; Tract 1 - $499.26, Tract 2 - $964.12, Tract 3 - $526.58, Tract 4 - $463.90
Title Insurance: Title insurance shall be used to prove clear & merchantable title with the Buyer & Seller sharing equally the owners policy expense. The mortgage policy, if required, will be the expense of the buyer.
Possession: Seller(s) shall grant possession immediately on wheat acres that have been harvested in 2007 following said 2007 wheat harvest. In the event that said planted wheat fails early then Tenant may plant milo or soy beans and then possession shall be immediately following the fall harvest. Possession of the CRP and Pasture acres will be Jan. 2008.
Terms: Twenty Percent (20%) down day of sale balance due upon closing. This auction sale is not contingent upon the purchaser's ability to finance the purchase. Buyers must make finance arrangements, if needed, prior to the auction.
Announcements: Property information provided was obtained from sources deemed reliable, although the Auctioneer(s) or Seller(s) make no guarantees as to its accuracy. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. Any announcements made auction day by the auctioneer will take precedence over any previous printed material or oral statements. Seller(s) retain the right to accept or reject any or all bids.
Auctioneers Note: This property is all located just a few miles north of Webster Lake. If you are looking for cropland with good yield potential or for CRP to provide investment income and excellent hunting opportunities then you need to attend this auction!
1031 Acceptable
Sellers: Merlyn, Myron, Richard & Kelly Desmarteau
