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KOLLMAN LAND AUCTION
Selling 320 Acres M/L of NW Russell County
Kansas Land
Tuesday, Oct. 10th, 2006 - 10:00
A.M.
Auction Location:
AMERICINN CONFERENCE
CENTER
1430 S FOSSIL – RUSSELL, KS.
IN THE SPECTER ROOM
Tracts
will be sold individually - No Combinations
Tract 1 – Location: 1
Mi. East of Fairport, Ks. on North Side of Road
Sold - $102,000.00
Legal
Description: Surface Only In And To; The Southeast
Quarter (SE/4) of Section Thirty-Two (32), Township Eleven (11) South, Range
Fifteen (15) West of the 6th P.M. Russell County, Kansas being 160
acres more of less.
General
Description: This tract of land has 64 acres of
cultivation with the balance being pasture. This property currently has
approx.17 acres of Alfalfa, 5 acres of established Brome grass and 42 acres of
Milo. 2005 Taxes - $539.50
FSA Info:
This Property Has Approx. 26 Acre Wheat Base With a
31 Bu. Yield and a 14.1 Acre Grain Sorghum Base With a 43 Bu. Yield.
Tract 2 – Location: 1 Mi.
East of Fairport, Ks. on South Side of Road
Sold - $111,000.00
Legal
Description: Surface Only In And To; The Northwest
Quarter (SE/4) of Section Five (5), Township Twelve (12) South, Range Fifteen
(20) West of the 6th P.M., Russell County, Kansas being 160 acres
more of less.
General
Description: This tract of land has approx. 67 acres
of cultivation and the balance is grass and waste. All cultivated acres are
planted to Wheat. 2005 Taxes - $411.92
FSA Info:
This Property Has Approx. 27.1 Acre Wheat Base With a
31 Bu. Yield and a 15.2 Acre Grain Sorghum Base With a 43 Bu. Yield.
MINERAL RESERVATION:
excepting and reserving unto said grantor(s), its successors, and
assigns all the 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 together
with the right of ingress and egress for the purpose of drilling, mining and
exploring said land for oil, gas and other minerals reserved and excepted here
from.
Terms: 20% down day of
sale with the balance to be paid at closing.
Possession:
Buyer shall be given possession of all pasture and unplanted
acres on March 1, 2007 and possession any acres planted to wheat shall be
immediate following the 2007 wheat harvest.
Growing Crops: Buyers
shall receive and undivided 1/3rd of the 2006 Milo crop and of the
2007 wheat crop.
Title Insurance:
Title insurance shall be used to prove clear & merchantable title
with the Buyer & Seller sharing equally the owner’s policy expense. The
mortgage policy, if required, will be the expense of the buyer.
Taxes & FSA Pmts. The
2005 and prior years taxes will be paid in full by the sellers. 2006 Taxes will
be prorated to date of closing. All subsequent years taxes will be the
responsibility of the buyer. Seller shall convey to buyer all land owners share
of the FSA payments that may be payable from the date of this sale.
Conditions:
All acreages are considered to be approximate and are deemed to
be from reliable county & FSA sources. Buyers are encouraged to verify details
and view properties prior to the auction. Announcements made day of sale shall
take precedence over printed material. This auction sale is not contingent
upon the purchaser's ability to finance the purchase. Consult your loan agency
prior to the auction.
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