E 50th Ave N , Wellington, KS 67152(Sumner County)

EARNEST MONEY: 10% of the total contract purchase price will be due on the day of the auction, with the balance due in cash at closing. The earnest money payment may be made in the form of a cashiers check or personal check.

BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE TO HAVE ARRANGED FINANCING, IF NEEDED, AND BE CAPABLE OF PAYING CASH AT CLOSING

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller. All tracts sold AS-IS.

CLOSING: The closing will take place 30 days after the auction or as soon thereafter as applicable closing documents are completed.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing

FARM LEASE INFORMATION/POSSESSION

There is a Farming Lease currently in effect, covering all of the tillable crop ground acres. Tracts 3, 4, 5 (EXCEPT the west 40 acres), and Tract 7 will be planted to wheat in Fall 2023. Possession shall be at the harvest of the wheat crop in the Summer of 2024. The lease for Tracts 1, 2, 6, 8, and the west 40 acres of Tract 5 expires December 31, 2023. Possession shall be at harvest of the winter crop which could exceed expiration of the lease. Buyer to receive second half of lease payment.

MINERALS: Minerals are selling intact except for Tracts 1, 4, and 6. Refer to individual tracts for more information