REAL ESTATE AUCTION

TUESDAY, OCTOBER 18, 2016

7:00 P.M.

Auction will be held in the Community Center on the South side of the square in Jewell, Kansas

TRACT I

49.59 acres in S ½ SE ¼ 3-6-8  Mitchell Co. Kansas

The farm is located on 260 Rd. 5 miles North of the Highway 24 & Solomon Rapids corner.  There are 49.59 acres of crop land. Bases are wheat 18.58, 43 bu yield; grain sorghum 9.43, 94 bu yield; soybeans 12.69 acres, 40 bu yield; total base acres 40.7.

Taxes: Seller will pay 2016 taxes, Purchaser will pay 2017 taxes.  2015 taxes were $733.34

Possession will be after 2017 wheat harvest.  Purchaser will receive cash rent of $50.00 per acre on the 2017 wheat. 

TRACT II

SE ¼ 27-5-8 Jewell Co. Kansas

The farm is located 2 miles North of Tract I on the corner of 170 Road & B Road.  There are 159.95 acres with 86.66 acres cropland. Bases are wheat 32.48, 43 bu yield; grain sorghum 16.48, 94 bu yield; soybeans 22.18, 40 bu yield; for a total base of 71.14. The balance of 73.29 acres are pasture.

Taxes: Seller will pay 2016 taxes, Purchaser will pay 2017 taxes.  2015 taxes were $1,589.12.

Possession will be after 2017 wheat harvest on crop acres.  Purchaser will receive cash rent of $50.00 per acre on the 2017 wheat.  Possession of pasture will be March 1, 2017.

TRACT III

NW ¼ 27-5-8 Jewell Co. Kansas

The farm is located in NW corner of Tract II on the corner of 160 Road & C Road.  There are 159.33 acres of farmland with 157.85 acres cropland. Bases are wheat 59.16, 43 bu yield; grain sorghum 30.0, 94 bu yield: soybeans 40.4, 40 bu yield: for a total base of 129.56 acres.

Taxes: Seller will pay 2016 taxes, Purchaser will pay 2017 taxes.  2015 taxes were $2,559.56.

Possession of land planted to wheat will be after 2017 wheat harvest.  Purchaser will receive cash rent of $50.00 per acre on 2017 wheat.  Possession of open ground will March 1, 2017.

Terms:  10% of purchase price as down payment day of auction, the balance will be due upon closing on or before December 15, 2016.  Down payment will be escrowed with Weltmer Phillips law office, escrow fees will be split 50/50 between seller & purchaser. Title insurance will be used, the cost will be split 50/50 between seller & purchaser.   

 Thummel Real Estate & Auction LLC is acting as seller agent.  All statements made day of auction take precedence over printed material.

BEVERLY SMILEY & PAUL HARTSEL

Auction Conducted By

Thummel Real Estate & Auction LLC

785-738-0067 or 785-738-5933