394 ACRES – 2 TRACTS   SMITH COUNTY, KANSAS ABSOLUTE AUCTION Friday, March 2, 10:00 A.M. Franklin, Nebraska
Auction to be held in the Ag Building at the Franklin County Fairgrounds (from Highway 10 and J Rd. in southern Franklin- 1 mile west) Exceptionally well located land with easy access. Pastureland and hayland plus some wooded areas with natural habitat. Ownership of this land has remained in the same family for over 75 years. This is your opportunity – PLAN TO ATTEND!
Ina Mae Griffing, Owner
TRACT 1 – 234 ACRES ±
LOCATION: From Franklin, NE., 8 miles south on NE Highway 10 (becomes KS Highway 8). OR from the Nebraska/Kansas state line south of Franklin, 2 ½ miles south on KS Highway 8. LEGAL DESCRIPTION: Southwest Quarter and South Half of the Northwest Quarter of Section 17, Township 1 South, Range 14 West, Smith County, Kansas. ABOUT THE LAND: Well located pastureland next to KS Hwy. 8. Water for livestock is provided by a well at the previous building site, windmill well, pond south of the site and a pond north of the bldg. site. FARM SERVICE AGENCY DATA: 26.4 Acre wheat base, 18.5 acre grain sorghum base 2011 TAXES: $386.74
TRACT 2 – 160 ACRES ±
LOCATION: From the southwest corner of Tract 1, ½ mile west on 40 Rd. LEGAL DESCRIPTION: Southwest Quarter of Section 18, Township 1 South, Rang 14 West, Smith County, Kansas ABOUTH THE LAND: next to all-weather gravel road only ½ mile off Hwy. 8. Presently hayland and pasture plus some wooded areas sith natural habitat. 58.5 Acres were previously in the Conservation Reserve Program until 2010. FARM SERVICE AGENCY DATA: 5.9 Acre grain sorghum base, 5.8 acre wheat base 2011 TAXES: $551.04
TERMS & CONDITIONS: PAYMENT: 20% Deposit day of auction with signing purchase agreement.. The remainder due on or before March 30, 2012. POSSESSION: Possession given upon closing subject to the tenants rights for 2012. TAXES: 2011 and prior years taxes paid by sellers. 2012 taxes shall be the responsibility of the purchaser. TITLE: Title insurance will be used as evidence of marketable title. The cost of the owner’s title policy and the escrow fee shall be divided equally between the seller and buyer. MINERAL RIGHTS: The sellers will convey all the mineral rights they own, if any. FINANCING: This sale is NOT contingent upon the buyer’s financing. Prospective buyers should make financial arrangements prior to the auction date. PROPERTY CONDITION: The property and improvements are selling in “as is” condition – no warranties expressed or implied. ABSENTEE BIDS: Bidding via cell phone, and/or on someone’s behalf must be approved by Marshall Land Brokers & Auctioneers 24 hours prior to the auction. AGENCY: Marshall Land Brokers & Auctioneers are agents representing the sellers. Maps shown are for illustration purposes only and are not intended to represent actual property lines. Acreage figures and data have been obtained from sources believed to be reliable although its accuracy cannot be guaranteed by the sellers and their agents. We urge prospective buyers to inspect and rely on their own conclusions. Announcements made at the auction take precedence over prior advertising.

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CONDUCTED BY
Miles Marshall, Broker & Auctioneer
Licensed in Nebraska & Kansas
308-234-1607 308-234-9074

Office Ph.  308/234-6266    Fax  308/237-7679