sammons family trust

Schneider Auction Service

4 August, 2015 10:00 am

Nova Theater, 517 S. Main, Stockton, Ks.

560 ± Acres of Rooks County, Kansas Crop Land

For the Sammons Family Trust

Mineral Rights Convey to Purchasers

Sells in 4 Individual Tracts – No Combinations

Tuesday, August 4th 2015 – 10:00

Auction Location – Nova Theater, 517 S. Main, Stockton, Ks.

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Tract 1 – Legal Description: Southeast Quarter (SE/4) of Section Twenty-four (24), Township Six (6) South, Range Seventeen (17) West of the 6th P.M., Rooks County, Kansas

General Description & FSA Info: This tract of land has 156.66 acres of cropland and will be planted to wheat this fall. Purchaser will receive and undivided 1/3rd of the 2016 wheat crop and will be required to pay 1/3rd of all the fertilizer expenses. This tract has a 63 acre wheat base W/42 bu. yield and a 29.4 acre grain sorghum base W/67 bu. yield.

Tract 2 – Legal Description: West Half of the Southwest Quarter (W/2SW/4) of Section Twelve (12), Township Six (6) South, Range Seventeen (17) West of the 6th P.M., Rooks County, Kansas

General Description & FSA Info: This tract of land has 77.14 acres of cropland and is planted to milo. Purchaser will receive and undivided 1/3rd of the 2015 milo crop and will be required to pay 1/3rd of all the fertilizer expenses. This tract has a 40.1 acre wheat base W/44 bu. yield and a 20 acre grain sorghum base W/94 bu. yield.

Tract 3 – Legal Description: Southeast Quarter (SE/4) of Section Twenty-nine (29), Township Eight (8) South, Range Eighteen (18) West of the 6th P.M., Rooks County, Kansas

General Description & FSA Info:  This tract of land has 154.83 acres with 142.36 being cropland and is currently planted to alfalfa and in it’s 3rd season. The purchaser will receive the 2nd half of the cash rent that is due on Nov. 1, 2015 in the amount of $2,070.00

Tract 4 – Legal Description: East Half of the East Half (E/2E/2) of Section Thirteen (13), Township Seven (7) South, Range Nineteen (19) West of the 6th P.M., Rooks County, Kansas

General Description & FSA Info: This tract of land has 153.06 with 115.37 acres of cropland and will be planted to wheat this fall. The balance is native grasses, trees and great wild life habitat. Purchaser will receive and undivided 1/3rd of the 2016 wheat crop and will be required to pay 1/3rd of all the fertilizer expenses. This tract has a 63 acre wheat base W/42 bu. yield and a 29.4 acre grain sorghum base W/67 bu. yield.

Possession: March 1, 2016 possession of all unplanted, idle and alfalfa. Possession of all wheat planted acres will be immediately following the 2016 wheat harvest.

Taxes: Seller Shall Pay All The 2014 Taxes. 2015 will be prorated to date of closing and all 2016 and subsequent year’s taxes will be the responsibility of the purchaser. 2014 Taxes were: Tract 1: $880.76, Tract 2: $471.28, Tract 3: $626.34, Tract 4: $653.42

Minerals: All seller’s mineral interest conveys to the purchasers. All minerals are believed to be intact.

Terms: 10% down day of sale with the balance to be paid at closing. Title insurance will be used to show clear and merchantable title and that expense will be shared 50/50 between Buyer(s) and Seller(s)

Conditions: All acreages are considered to be approximate and are deemed to be from reliable county & FSA sources. Buyers are encouraged to verify details and view properties prior to the auction. Announcements made day of sale shall take precedence over printed material. This auction sale is not contingent upon the purchaser's ability to finance the purchase. Consult your loan agency prior to the auction.

Seller: Sammons Family Trust – Darrell D. Sammons Trustee

Disclaimer:

Announcement: Information contained herein is presented on behalf of the seller. Schneider Auction Service, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.