MITCHELL COUNTY LAND AUCTION DATE: Friday November 15, 2024 TIME: 1:30 PM LOCATION: Knights of Columbus Hall- 123 W Court St, Beloit, KS 67420 LEGAL: The Southwest Quarter (SW4) of Section Thirty-Five (S35), Township Eight South (T8S), Range Seven West (R7W) all of Mitchell County Kansas. TOTAL ACRES: 158.20 (+/-) total acres- (158.20 (+/-) USDA cropland acres) ACREAGE BREAKDOWN: Current tenant has 61.9 (+/-) acres currently to wheat CROP SHARE: Seller and tenant are currently in a crop share verbal lease agreement. New Buyer will receive sellers 1/3 share of any acres currently planted to wheat & be responsible for 1/3 of expense. BUYER POSSESSION: Buyer will receive possession of any acres planted to wheat after the 2025 wheat harvest or Aug. 1, 2025 whichever may come first. Buyer will receive possession of any open acres at time of closing. TAXES: Seller shall pay the taxes for the year 2024 & all prior years. Buyer shall pay the taxes for the year 2025 & all succeeding years. Current taxes are $2,675.14 BASE ACRES & PLC YIELDS: Wheat (83.25 Base Acres/PLC Yield 59)- Grain Sorghum (66.67 Base Acres/ PLC Yield 82)- Total Base Acres- 149.92 TERMS: 10% of the purchase price as down payment day of auction, the balance will be due upon closing. Down payment will be escrowed with NCK TITLE, fees will be split 50/50 between seller & buyer. Title Insurance will be used, the cost will be split 50/50 between seller & buyer. Hansen Auction & Realty is acting as seller's agent on behalf of the sellers. All information is believed to be correct. However, neither the sellers nor the auction company make any guarantees expressed or implied. Statements made day of auction shall take precedence over any printed material.