Real Estate Auction

Thursday, October 24th, 2019 at 10:00 AM

(3) 80-Acre Tracts of Farmland & CRP

Location: Senior Center in Sylvia, KS on Main Street

(3) 80-Acre Tracts of Farmland & CRP

TRACT #1 82 acres more or less located from Plevna, KS 1-mile east on the north side

Legal Description: The South half of the Southeast Quarter lying south of the Railroad in Section 10-24 -9 in Reno County, KS

• FSA reports 80.58 acres of cropland
• FSA reports wheat bases of 1.33 acres with 34-bushel yield
• FSA reports currently there are 3-CRP Contracts as follows: 33 acres at $62.71 per acre, 39.40 acres at $62.71 per acre,6.84 acres at $62.71 per acre for and annual payment of $4969.00 ex- piration date 9/30/2026
• Sellers retain the 2019 payment; buyer shall receive all subsequent payments for the duration of the contract; 100 % goes to buyer
• Nice tract of land located on a good blacktop road with good access
Taxes $745.54 to be prorated at closing
Terms: $9000 down on sale day, balance due in 30 days
• Possession upon closing

TRACT #2 80 acres more or less located from Sylvia, KS (Pinky's Airport) go 3 miles north on Nether- land Rd & corner of Illinois Ave.

Legal Description: The South half of the Southeast Quarter of Section 27-23-10 in Reno County, KS

• FSA reports 72.71 acres of cropland
• FSA reports 46.46 acres wheat base with a 30-bushel yield and a 22.21-acre soybean base with a 29- bushel yield; signed up in the PLC program
• All acres will be planted to wheat; buyer shall receive landlord's share; 1/3 of the wheat crop and possession after 2020 wheat harvest
Taxes: $799.23 to be prorated at closing
Terms: $9000 down on sale day, balance due in 30 days

TRACT #3 80 acres more or less located from Sylvia, KS (Pinky's Airport) go 4 miles north on Nether- land Rd to Blanchard Ave and 1 mile west on south side

Legal Description: The North half of the Northwest Quarter of Section 27-23-10 in Reno County, KS

• FSA reports 77.09 acres of cropland
• FSA reports 49.27 acres wheat base with a 30-bushel yield and a 23.55-acre soybean base with a 29-bushel yield; currently signed up in the PLC program
• All acres will be planted to wheat this fall; buyer shall receive landlords' 1/3 share of the wheat crop and possession after the 2020 wheat harvest
Taxes: $580.19 to be prorated at closing
Terms: $9000 down on sale day, balance due in 30 days

Leonard A. & Jeanette S. Banz Trust
Executer Gaylen R. Banz

Terms & Conditions: Sellers will provide clear Title Insurance on all 3-tracts, buyer shall pay the $400 closing fee at the Title Co.

Terms: $9000 down on sale day on each tract, balance due in 30 days, not contingent upon obtaining financing; down payment is none refundable.
• Mineral rights not reserved by the sellers; transfers to the buyer.
• Properties sold without any written or implied guarantees.
• Any announcements made on sale day take precedence over the auction ad.
• No buyer's premium charged. You pay what you bid.

SALE CONDUCTED BY:
NISLY AUCTION LLC
Sale Associate of J.P. Weigand & Sons Inc.
Auctioneer - Paul Nisly
Hutchinson, KS 620-662-7570

JP Weigand and Sons Realtors KAA NAA
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