MONDAY, NOVEMBER 16, 2009

COMMENCING AT 11:00 A.M.

SELLERS: RUSSELL T. & LORENE A. SMITH TRUSTS

LOCATION:  LARNED, KS—CARR AUCTION GALLERY, 909 AUCTION AVE., W. HWY 156

TRACT #1.  Surface Rights in and to: SW/4 13-21-19, Pawnee Co., KS.  Consisting of 160 Acres, More or Less.  153 Acres Dry Cropland with 54x70x14 Astro Machine Shed.  12.3 Acres CRP @ $42.76/Acre Through 2019.  85.4 Acre Wheat Base and 55.4 Acre Grain Sorghum Base. 42.25 Acres of Planted Wheat for 2010 Harvest.  2008 Real Estate Taxes Were $1,579.82.

 TRACT #2.  Surface Rights in and to: NW/4 13-21-19, Pawnee Co., KS.   Consisting of 160 Acres, More or Less.  143.8 Acres Dry Cropland, Balance in Waterways and Roadways.  68.7 Acre Wheat Base, .4 Acre Corn Base and 1.4 Acre Grain Sorghum Base.  51.2 Acres of Planted Wheat for 2010 Harvest.  2008 Real Estate Taxes Were $830.00.

 TRACT #3.   Surface Rights in and to: SW/4 14-21-19, Pawnee Co., KS.  Consisting of 160 Acres, More or Less.  157 Acres Dry Farmland, 7.2 Acres CRP @ $40/Acre Through 2018.  33.9 Acre Wheat Base and 22.8 Acres Grain Sorghum Base.  2008 Real Estate Taxes Were $643.78.

 TRACT #4.     Surface Rights in and to: N/2 5-21-19, Pawnee Co., KS.   Consisting of 310 Acres, More or Less.  115 Acres Dry Cropland.  85.3 Acres CRP Expiring 9-30-09.  98 Acres Fenced Pasture, Balance Waterways & Roadways.  82.8 Acres Wheat Base and 35.4 Acre Grain Sorghum Base.  All Open Ground.  2008 Real Estate Taxes Were $1,081.00

TRACT #5. Surface Rights in and to: NE/4 30-22-20, Pawnee Co., KS.   Consisting of 160 Acres, More or Less.  158.5 Acres Dry Cropland with 82.7 Acre Wheat Base and 25.2 Acre Grain Sorghum Base.  75 Acres of Planted Wheat for 2010 Harvest.  2008 Real Estate Taxes Were $762.48.

TERMS & CONDITIONS

TERMS:  $5000 Down on Each Tract on Day of Sale.  Balance Due in 30 Days or Sooner With Title Approval.  Abstracts or Title Insurance Will Be Used.  In The Event That Title Insurance is Used, Cost Will Be Shared 50/50 Between Buyer & Seller.

POSSESSION:  On Open Ground, Pasture and CRP at Closing; On Land Planted to Wheat, After 2010 Wheat Harvest or August 1, 2010.

MINERALS:  Mineral Rights & Wind Rights are Reserved Perpetually on All Tracts.

CROPS:  Buyers to Receive 1/3 of All 2010 Wheat and Will Be Responsible for 1/3 of Expenses.

TAXES:  Sellers to Pay 2009 Taxes and All Prior Years. 2010 Taxes Will Be The Buyers Responsibility.

Any Announcement Made Sale Day Shall Take Precedence Over All Advertised Material.  Sells Subject to All Easements, Leases & Right-of-Ways of Record.  Carr Auction & Real Estate, Inc. Will Be Acting as Seller’s Agent.  Seller Will Not Agree to a 10-Day Right of Rescission for Lead Paint Inspection on Old Farm House on Tract #1.

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http://www.carrauction.com/nov16