Deposit: A non-refundable deposit of 10,000 for the entirety is placed in escrow the day of the auction and upon the execution of the purchase agreement. Deposit may be in the form of Cashiers check, personal check or cash.
Possession: Closing will take place within 30 days of the auction. Possession for the cropland will be following the completion of the 2017 Wheat harvest, or by July 1, 2017, and possession for the Grassland shall be July 1, 2017, and following the closing. Seller shall provide an owner's title policy to Buyer upon closing. Buyer & Seller will be responsible for customary closing costs issued by the title company.
Easements: The sale of this property is subject to any and all easements of record.
Real Estate Taxes: Real Estate taxes shall be prorated to date of possession.
Purchase Agreement: The successful bidder shall execute a purchase agreement at the conclusion of the auction after being declared the winning bidder by the auctioneer. Please Note: The purchase agreement will offer no contingencies, including but not limited to financing.
Terms: The property is being sold “AS IS, WHERE IS” without warranty or guarantee of any kind. Each potential buyer is encouraged to perform his/her own independent inspections, investigations, inquiries and due diligence concerning the described property.
Financing: The seller is offering no other terms or contingencies. Therefore the buyer may NOT purchase this real estate subject to loan approval.
Backup Bids: In the rare event that the winning bidder is unable to close on this transaction, we do accept backup bids. If you are not the winning bidder and would like to make a backup bid. Please call our office for the necessary paper work.
Warranty and Condition of Items Sold: All items are sold 'AS IS, WHERE IS, with NO WARRANTY expressed or implied. It is the responsibility of the buyer to determine the condition of the items and bid accordingly. Descriptions are believed to be accurate but not guaranteed. When you are not certain of the condition or use of an item please bid accordingly.
Announcements the day of the auction take precedence over previously stated or published material.
Josh Bellamy, Auctioneer
Brown & Hoyer Group
PenFed Realty, LLC
12021 E. 13th, Bldg 100, Wichita, KS 64012
Phone: (316) 636 - 2323
Kansas R.E. License # SP00233803
Affiliated Kansas R.E. Broker License #BR00030423