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This is some of Reno County’s most productive soils and a rare buying opportunity.USDA/NRCS classifies it as prime farmland, predominantly level 0-1% slope Farnum-Funmar loam with some 1-3% slope Saltcreek-Naron & Saltcreek-Funmar-Farnum complex. FSA carries it as 136.36 acres (134.28 acres cropland; 2.08 acres other uses). It's nearly fully based by FSA at 131.32 acres. Crop delivery points are close by in Hutchinson, Nickerson, Partridge, Whiteside,and Abbyville. Deer trails and bedding sites are in the tree rows around the property. 100% of the minerals go to the buyer. Possession on 58.78 acres of open ground at closing on or before Dec. 20, 2019, and after 2020 harvest on 75.5 acres planted to wheat. Buyer has option to take 1/3 of the 2020 wheat crop, at closing, by paying usual owners share of operating expenses totaling $1,510. 2019 taxes will be paid by the seller. This land absolutely sells to the highest bidder, with no buyer premium charged.
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This land sells “AS IS” without any expressed or implied warranties. The buyer is responsible for conducting their own inspections and due diligence. Information given is from sources considered reliable, but not guaranteed. Property is subject to all rights of way and easements, whether recorded or not and to oil and gas leases of record if any. The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to Security 1st Title, 1001 N. Main, Hutchinson, KS 67501. The earnest money deposit can be made by personal check, company check or by wire transfer. The balance is due by certified funds at closing on or before December 20, 2019. Seller will provide marketable title to the buyer evidenced by title insurance. Title insurance and closing costs are split 50/50 between buyer and seller. Additional title insurance required by a buyer’s lender will be paid 100% by the buyer. 2019 real estate taxes will be paid by the Seller. The property will not be sold subject to financing. Have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed or implied and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.