Milburn 1/4

Great Opportunity to purchase a high quality farm!

Legal Description:  SE 1/4 of Section 5, Township 19 South, Range 40 West, Greeley County, Kansas

Direction to Property:   2.5 miles south of Tribune, KS on Highway 27 to the NE corner on the west side of highway.

Acreage Information:  155.3 acres, more or less, all tillable.

FSA Data:  155.3 acres of Farmland.  155.3 acres Wheat Base with a 31 bu PLC yield.

Mineral Information:  All seller owned minerals will convey with the surface.  Minerals are believed to be intact but buyer’s should do their own due diligence.  A mineral title search has not and will not be completed.

Real Estate Taxes:  2023 taxes were $760.  2024 taxes will be prorated to the day of closing.

Agency:  KW Partners and KW Land Pros and their representatives are acting as agents of the Sellers.

Bidding: Bidding will be by the acre with a minimum of $100 per acre increments.  Final sales prices will be final bid time 155 acres.

Approval of Bids:  Final bid is subject to reserve sales price being met.  Auction Company and Auctioneer reserve the right to reject any bids deemed questionable.

Sale Method:  Property will be sold in one tract consisting of approximately 155 acres.  All bids are open for advancement until the highest bid is achieved and the auction company announces that bidding is closed.  A two minute "soft close" will be utilized so any bid submitted in the final two minutes of the regular auction will cause the auction to be extended for as long as bidding is active.  The bidding will end once there are no bids submitted for two minutes during the "soft close" period.

Earnest Money:  A 10% earnest money deposit will be required from the successful bidder when the bidding concludes and a real estate contract is executed.  Payment may be in the form of a personal check, company check or wired funds.  Funds will be deposited with 

Closing Agent:  Greeley County Abstract & Title, Tribune, KS.

Contract & Title:  Immediately upon conclusion of the auction, the successful high bidder will enter into a real estate contract via an electronic or faxed copy and will deposit the required earnest money with the closing agent stated above.  Buyer agrees that an electronic or faxed signature is considered as authentic. The cost of title insurance and escrow services will be split equally between buyer and seller at closing.

Financing:  THIS IS A CASH SALE ONLY AND IS NOT SUBJECT TO BUYER FINANCIING.

Possession:  Buyer will receive sellers’ 1/3 share of 2024 growing grain sorghum crop.  Possession will be after that crop is harvested.

Closing Date:  October 10, 2024 is the anticipated closing date which is subject to change only by agreement of both parties.  The balance of the purchase price will be payable at closing with cashier's check or wired funds at the discretion of closing agent listed above.

Conditions:  The property is being sold "AS IS/WHERE IS" with no guaranties or warranties, either expressed or implied by the Seller(s), or KW Partners or KW Land Pros. Property is selling subject to all easements, covenants, restrictions of record and leases.  Bidders are responsible for conducting their own due diligence including but not limited to property inspections and inquiries concerning the property.

Announcements:  Information contained herein is deemed reliable from other sources but the auction company nor Seller(s) make any guarantees or warranties as to its accuracy.  All bidders are encouraged to inspect the property and conduct their own due diligence and rely on their own conclusions prior to bidding. Any and all announcements by the auction company prior to the conclusion of auction take precedence or any previously printed or verbal statements.  The auction company reserves the right to preclude any person or persons from bidding if there is any question as to the person's credentials or fitness to bid. The auction company is not responsible for any bidder(s) technical issues or failure of internet service.

Seller(s): Harold Milburn Heirs