415 Merchant , Fall River, KS 67047(Elk County)

LEGAL DESCRIPTION: The SE/4 of the SE/4 of Section 1 excepting therefrom that part of said forty acre tract lying North of the public road running diagonally across the Northwest corner; AND the E/2 of the NE/4 of Section 12, all in Township 29 South Range 12 East AND Governmental Lots 1 and 2 (sometimes referred to as the W/2 of the NW/4)in Section 7 AND governmental lot 7 (sometimes referred to as the SW/4 of the SW/4)of Section 6 LESS AND EXCEPT that part of the SW/4 of the SW/4 of Section 6 which lies North of the public road known as Wolf Trail; all in Township 29 South, Range 13 East of the 6th P.M., Elk County, Kansas.

LAND LOCATION: From Wichita, go east on U.S. 400 (formerly K-96) to the Fall River turnoff (mile marker 347-348). Turn south through the town of Fall River to the T in the road. Turn right and take the paved road west and south about 5 miles to a second T. Turn left and go east 1 1/8 mile.

Terms: Earnest money for the real estate will be $20,000 due at the conclusion of the Auction and the balance due upon Sellers submission of merchantable title and closing. Closing date on or before September 6, 2011. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way.

This property is not selling subject to financing. Interested buyers need to view the property prior to the date of the auction and have financing available prior to bidding.