Offer Accepted! 152 ACRES M/L Russell County, Kansas
Tuesday, January 26, 2021 at Noon ~ 152 Acres M/L Russell County, Kansas
Seller: Edna D. Tittel Estate
This farm has been in the family for several generations. It is just 1 mile East of highway 281 and just 6.5 miles South of Russell. Homesite was sold off. 4 oil wells are active, and seller is selling their share along with the surface rights. Possession of farmland subject to tenant rights. Sellers share of 2021 income will pass to buyer.
Legal: The Northwest Quarter of Section 13, Township 15 South, Range 14 West of the 6th PM, Russell County, Kansas except tract.
Terms: The successful Bidder will be required to sign a purchase contract at the end of the auction and deposit $25,000 in earnest money to be held in escrow at Security 1st Title. The earnest money will be applied to the purchase price only at closing. Offer is not subject to financing. If a successful bidder does not consummate the sale according to the contract, the earnest money will not be refunded. Closing: Payment is cash at closing on or before February 26, 2021. Cost of title insurance and closing fee will be split 50/50 between Buyer and Seller. Possession: at closing subject to tenant rights. Taxes: Taxes are $1864.48 will be prorated for 2021 from first of the year to closing date. All prior year taxes will be paid by Seller. Oil Income: Sellers oil income for 2021 will be prorated to closing date. Production of oil per barrel a year: 2017 – 1232 barrels, 2018 – 1335 barrels, and 2019 - 1674 barrels. Agency disclosure: J.P. Weigand & Sons, Broker and Auctioneer have not and will not be an agent of prospective bidder. Information given to Broker and Auctioneer will be disclosed to the Seller. Sale is subject to confirmation of Seller. Disclosure: Properties are selling in their present condition and are accepted by buyer(s) without any expressed or implied warranties or representations from the seller(s) or his (her) own due diligence prior to bidding on any property. It is the responsibility of the prospective purchaser(s) to conduct his or her independent inspections, investigations, inquiries, and due diligence concerning the property prior to the auction day. Information given is from sources deemed reliable but NOT guaranteed by the seller(s) or the Realtor(s)/Auctioneer(s).
Announcements made the day of the auction shall take precedence over anything previously stated or printed