Marysville, KS 66508 - Marshall County

Land Auction: Heirs of Orville & Darlene Holle Seller

(Property known as the Henry & Sophie True Farm)

Saturday, November 19 at 10:00 A.M. Helvering Center

111 S 8th St, Marysville Kansas

144.86 +/- Acres Marshall County Kansas Land Auction

Legal Description:

S11, T01, R06, 61.3 ACRES , S2SW4 LESS BEG AT SE COR SW4 TH W530.6 N1285 E530.6 S1285 TO POB & LESS R/W and S14, T01, R06, 83.66 ACRES , BEG 30E OF NW COR OF SEC TH E2100 S1990 W2100 N840 ELY1120 NE720 W564 S665 WLY733.26 N1091.23 TO POB LESS R/W

***Property DOES NOT include a 10.25 +/- acre tract that includes the driveway and home and building site that has different ownership.

(Information is from the Marshall County Kansas Appraisers Office)

FSA Information:

FSA Farmland = 147.09 acres with 116.62 DCP Cropland (Current Cropland = 112.03 acres)

Base Acres = 111.3 (Grain Sorghum 53.7ac, Soybeans 28.8ac, Wheat 28.8ac)

Enrolled in ARC-County (PLC yield Grain Sorghum 90bu, Soybeans 31bu, Wheat 42bu)

2021 Property Taxes: $3150.06

Property features a high percentage of Wymore Silty Clay Loam Soil Type with a 1%-3% slope which is considered PRIME Cropland.

Possession:

Buyer to take possession at closing, subject to tenants rights. A written lease is in place through February 28, 2023. Tenants have been properly notified that their tenancy is terminated effective March 1, 2023, except 38 +/- acres of wheat in the south half of the farm. The buyer will take possession at the completion of the wheat harvest or July 15, 2023, whichever comes first. Buyer is to receive cash rent for the wheat crop of $3,040 on or before March 31, 2023.

WIHA:

Property has been leased by the Kansas Dept. of Wildlife for Walk-In hunting in the past. Effective November 1, 2022, the property will no longer be in the WIHA program. Signs will be posted on the property stating that it is NOT in WIHA after November 1, 2022.

Property Location:

From the Intersection of Highway 77 & Cherokee Road (Lone Elm Corner) go west on Cherokee Road 4 miles then north on 5th Road 1/2 mile. The property is on your right or east side of the road.

Terms & Possession: 10% down day of the sale, balance due at closing on or before December 20, 2022. Buyer to take possession at closing, subject to tenants rights. A written lease is in place through February 28, 2023. Tenants have been properly notified that their tenancy is terminated effective March 1, 2023 except 38+/- acres of wheat which buyer will take possession of at completion of wheat harvest or July 15, 2023, whichever comes first. Sellers to pay 2022 property taxes. Title insurance, escrow and closing costs to be split equally between buyer and seller. Property to be sold as-is, where-is. All inspections should be made prior to the day of the auction. Sellers interest in mineral rights to transfer with the sale. This is a cash sale and is not subject to financing, appraisal, or inspection. Midwest Land and Home is acting as a Sellers Agent and represents the sellers interest. All information has come from reliable sources; however, potential buyers are encouraged to verify all information independently. Seller expressly disclaims any liability for errors, omissions, or changes regarding any information provided for these sales. Potential purchasers are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the seller or their agents. Galloway, Wiegers, & Brinegar, Attorney for the sellers, will prepare purchase contracts and Pony Express Title will act as escrow, title & closing agent. Announcements made the day of sale will take precedence over all other information.