LAND AUCTION
JUNE 17TH, 2008, Tuesday, 5:00 p.m., at the Holton Livestock Exchange
430 ACRES
JACK & KAREN BEIGHTEL, SELLERS
We thank Jack & Karen Beightel for commissioning our Company to sell this farm. This auction presents a rare opportunity to acquire adjoining tracts. If you are in the market for income producing land, hayground, pasture, or land to serve as an addition to an existing farm operation or investment, then make plans to inspect this property and be in attendance at this auction.
Location of land: West of Holton to "J" Road then south 2 miles to 214th Road.
Tract 1: 160 acres M/L. Approximately 9 acres native grass on NE corner of tract and 33 acres of native grass on SW corner. Terraced and brome waterways. Buyer to receive $377.00 credit for cash rent for 44 acres at closing. Approximately 94.33 acres enrolled in *CRP.
Tract 2: 70 acres M/L. 2 nice ponds; one shared with Tract 1. Clean pasture of brome and native grasses. Buyer to receive $600.00 credit for cash rent of 70 acres at closing.
Tract 3: 80 acres M/L. Approximately 71 acres enrolled in *CRP. Terraced with some being tiled.
Tract 4: 80 acres M/L. Water well has always been strong. Has electric meter. Several outbuildings, including a nice, 50x30 outbuilding. Approximately 50 acres cleared pasture. Waterway; small pond near center of property; pond in NE corner of property. Some newer fencing. Portable livestock gates will be removed; tenant owned. Buyer to receive $425.12 credit for cash rent of 49.09 acres at closing. Approximately 10 acres enrolled in *CRP.
Tract 5: Approximately 40 acres. Excellent opportunity for a hunter. Half the Tract is brush/treed; the other half has an income producing, cleared brome field. Buyer would be responsible to build entrance. Buyer to receive $346.40 credit for cash rent for 40 acres at closing.
*CRP Data: CRP fields are in compliance with the FSA Office. The CRP contract at $55.00 per acre expires September 30, 2012. Buyer shall receive a portion of the 2008 payment (closing date to September 30, 2008) directly from the FSA Office. Buyer required to report transfer of ownership to FSA office.
Terms: Land will be auctioned dollar per acre; highest bidder has choice of tract (s). If additional tracts remain after first successful bid; process will repeat until all tracts are sold. Modest reserve bid of $850/AC. Rural Water District #3 has line running along 214th Road. Any inspections buyer deems necessary, to include assessment of lead based paint, must be completed prior to sale. Selling all real estate "as is" and the suitability of this property for any particular purpose is not guaranteed. Sold subject to existing leases, zoning, easements, restrictions, reservations and roads of record, if any. Seller not responsible for any surveying or required fencing. Possession to buyer November 15, 2008 for Tracts 1, 2, 4, & 5. Possession to buyer at closing for Tract 3. Buyer to sign real estate contract. $15,000 down on Tract 1; $10,000 down on Tracts 2, 3, 4; $5,000 down on Tract 5; in non-refundable earnest money, day of auction. Balance in certified funds upon closing on or before July 31st, 2008 unless additional time is needed for Seller to provide marketable title . The 2007 taxes of $1,806.18 and all prior tax years are paid by the seller. The 2008 taxes will be prorated to the date of closing; based on the 2007 amount. Cash rent will be prorated to date of closing & credited to buyer at closing as noted above. Owner's Policy of title insurance cost to be split 50-50 by buyer and seller.
Announcements day of sale take precedence over all other material, printed, online, or otherwise. FSA bases, yields and all other information provided is deemed to be correct but is not guaranteed. Branam's Inc. Real Estate & Auctions is an agent of the seller. NOTE: Auction will take place at Holton Livestock Exchange, east of Holton on June 17th, 2008; 5:00 p.m..
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East Side of Square Holton, KS (785) 364-2606 or (800) 795-5337