LAND LOCATION:  GOVE & THOMAS COUNTIES.   See map for tract locations.  SIGNS WILL BE POSTED!

MANNER OF SALE:  This real estate will be offered in 5 individual tracts only.  THERE WILL BE NO COMBINATION OF ANY TRACTS. Auction procedure and increments of bidding are at the discretion of the auction company.

TERMS:  10% down day of sale, with the balance to be paid on or before October 20, 2022, or upon such terms as may be acceptable to the Sellers.  Personal and corporate checks are acceptable for the down payment with the final payment to be made in certified funds. All funds will be held by an identified title/escrow company.  Bidding is not contingent upon financing.  Financing, if necessary, needs to be arranged and approved prior to the auction. Announcements made day of sale take precedence over printed material and previously made oral statements.

CROPS:  There are no growing crops. 

FSA INFORMATION:   Any future FSA payments will follow the crops and will be paid pursuant to FSA regulations. See chart for FSA cropland acres, base acres and yields.

MINERAL RIGHTS:  All of the Sellers’ interest will transfer to the Buyers at closing. There is royalty income on Tract 3 from a well on an adjoining property that will transfer to the Buyer of Tract 3. See chart for production history.

CLOSING:   Date of closing will be on or before October 20, 2022.   

POSSESSION:  

      TRACTS 1, 3 & 4:  January 1, 2023

      TRACTS 2 & 5:  Date of closing

TAXES:  Taxes for 2022 will be prorated to the date of closing.  See chart below for 2021 real estate tax amounts.    

Farm & Ranch Realty, Inc.
Donald L. Hazlett, Broker
1-800-247-7863
www.farmandranchrealty.com