REAL ESTATE AUCTION

THURSDAY, OCTOBER 20, 2016

1:00 P.M.

Auction will be held in the Community Center Luray, Ks.

Tract I:   Legal Description:  SE ¼ 10-10-12 Osborne Co. Kansas

The farm is located North of Luray, Kansas on 260 Drive between 80^th Ave. & 677 Ave. with a gravel road on 3 sides.  There are 154.98 acres with 115.28 acres of crop land. The balance is grass. Bases are wheat 33.17, yield 39: grain sorghum 30.31, yield 69: corn 2.82, yield 109 for a total base of 66.3 acres.

Seller will pay 2016 and all prior years taxes. Purchaser will pay 2017 taxes.  2015 taxes were $1,251.16.

Possession: Possession of ground planted to wheat will be after 2017 wheat harvest, approximately 35 acres.  Purchaser will receive 1/3 landlord share of 2017 wheat. Purchaser will be responsible for 1/3 of expense on wheat.  Possession of summer fallow & pasture will be January 1, 2017.

Tract II:      Legal Description:  W ½ NW ¼ & NW ¼ SW ¼ 9-10-12 Osborne Co

The farm is located 1 mile West and ¼ mile North of Tract I.  Entrance is from the East side off 95^th Ave.  There are 119.45 acres of grass.

Seller will pay 2016 and all prior years taxes.  Purchaser will pay 2017 taxes.  2015 taxes were $88.92.

Possession will be January 1, 2017

Terms:  10% of purchase price as down payment day of auction, the balance will be due upon closing on or before December 1, 2016.  Down payment will be escrowed with Paul Gregory Attorney . 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.

ROBERT & RODGER SALKELD

Auction Conducted By

Thummel Real Estate & Auction LLC

785-738-0067