AUCTION DATE:  Wednesday March 5, 2014 6:00 P.M.
AUCTION LOCATION:  Greenwood Hotel, 301 N. Main St., Eureka, Kansas

PROPERTY DESCRIPTION:  320+- acres of Greenwood County, Kansas Flint Hills Pasture.  This tract of land consists of (2) 160 acre parcels across the road from each other selling as 1 tract.  The east quarter section has one pond and a small creek to provide water for livestock.  The west quarter section has two ponds, one of them spring fed.  Selling with the property is a 5.097% royalty interest.  Past total production in barrels has been:  2008=2668 barrels, 2009=2670 barrels, 2010=2725 barrels, 2011=2512 barrels, 2012=2218 barrels.

LEGAL DESCRIPTION:  The Northeast Quarter of Section 1, Township 24 South, Range 9 East of the 6th P.M. AND The Northwest Quarter of Section 6, Township 24 South, Range 10 East of the 6th P.M. ALL in Greenwood County, Kansas.

2013 REAL ESTATE TAXES:  $174.44.

LAND LOCATION:  From Eureka, Kansas north on P Rd. (State St.) to 255th St., West to N Rd., North to 270th St., West 2 1/2 miles to the property.


TERMS:  Earnest money is $35,000 due at the conclusion of the Auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before April 7, 2014. 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. All pertinent information is available upon request. All announcements made the day of the auction take precedence over any other announcements or printed material.

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