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SOLD

Kansas FarmLand Auction - 2,717 Acres in 8 Tracts - Mostly Irrigated Farmland
Fri, Nov 9, 2012
Moscow, Kansas - Stevens & Grant Counties

Owner: Moss Hill Farm



SOLD FOR $14,688,000

• Excellent Water & Soils • Mostly Irrigated Farmland • Beautiful Home & Headquarters • Prime Investment Opportunity


OPEN HOUSE/INSPECTION DATES
TUESDAY, OCTOBER 9, 9AM - 11AM
TUESDAY, OCTOBER 23, 4PM - 6PM
FRIDAY, NOVEMBER 9, 8AM-10AM
Meet a Schrader Auction Representative at the Home on Tract 2 for More Information.

PROPERTY LOCATION
Tracts 1-5: (South portion of Tract 1) From Moscow at the corner of Hwy. 56 & Rd. 20 go South 1.5 miles on Rd. 20 to the NW corner of South Tract 1. (North portion of Tract 1) From Moscow at the corner of Hwy. 56 & Rd. 20 go South .5 miles on Rd. 20 to Rd. Y then go East 1 mile to the SW corner on North Tract 1. Tracts 2-5 are all contiguous to South Tract 1.
Tract 6: From Moscow at the corner of Hwy. 56 & Rd. 20 go south 4.5 miles on Rd. 20 to Rd. U, then go West 1 mile to the NE corner of Tract 6.
Tract 7: From Moscow at the corner of Hwy. 56 & Rd. 20 go East 2 miles on Hwy. 56 to the SW corner of Tract 7.
Tract 8: From Moscow at the corner of Hwy. 56 & Rd. 20 go north 4.5 miles on Rd. 20 to the SW corner of Tract 8.

AUCTION LOCATION
MEMORIAL HALL - HUGOTON, KANSAS. Memorial Hall 200 E 6th St. Hugoton, KS 67951. From Hugoton, KS, South Main Street turn East on 6th Street and travel one block.

PROPERTY DESCRIPTION
Contact Auction Company for Detailed Information Book with Additional Due-Diligence Materials, Including Flow Meter Testing Information.


You may bid online during the auction at www.schraderauction.com. You must register by November 1st to bid online. For information on registering for online bidding, call Schrader Auction Company at 800-451-2709.

TRACT DESCRIPTIONS
Tract 1: 617± ac with approximately 612+/- acres tillable per FSA, with 491+/- acres under pivot. The soils are mostly Belfon, Bigbow, Zella and Hugoton Loam and Fine Sandy Loam. Water lines service the north portion of Tract 1 via a well on the south portion of Tract 1.
Tract 2: 12± ac with beautiful 2,320 sq. ft. brick ranch home with full basement. This Tract also includes a 3,058 sq. ft. heated shop, 11, 154 sq. ft. concreted machine shed with heat, 1,093 sq. ft. metal office building and cattle pens with load-out.
Tract 3: 790± ac with approximately 785+/- acres tillable per FSA, with 610+/- acres under pivot. Soils are mostly Belfon, Hugoton, Zella loam and Fine Sandy Loam.
Tract 4: 314± ac with approximately 313+/- acres tillable per FSA, with 244+/- acres under pivot. Soils are mostly Belfon, Dalhart, and Eva- Optima Loamy Fine Sand and Fine Sandy Loam.
Tract 5: 313± ac with approximately 306+/- acres tillable per FSA, with 245+/- acres under pivot. There are currently 60.8 acres enrolled in CRP that expires 9/30/2017. Soils are mostly Eva-Optima, Bigbow and Forgam Loam and Loamy Fine Sand.
Tract 6: 156± ac with approximately 143+/- acres tillable per FSA, with 128+/- under pivot. Soils are mostly Bigbow and Forgam Loam and Loamy Fine Sand.
Tract 7: 357± ac with approximately 303+/- acres tillable per FSA, with 244+/- acres under pivot. Soils are mostly Atchison Clay Loam and Fine Sandy Loam.
Tract 8: 158± ac with approximately 154+/- tillable per FSA, with 122+/- acres under pivot. Soils are mostly Hugoton and Atchison Loams.



INTERACTIVE MAP

TRACT MAP(S)



PLAT MAP(S)



AREA MAP(S)



PROCEDURE: Tracts 1 through 8 will be offered in individual tracts, in any combination of these 8 tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. The property will be sold in the manner resulting in the highest total sale price. DOWN PAYMENT: 10% of the accepted bid price as down payment on the day of auction with the balance in cash at closing. If the bidder pre-registers with the Auction Company on or before Thursday, November 1, then cash or a personal check will be accepted for the down payment (contact Auction Company for a pre-registration form or visit www.schraderauction.com). If the bidder does not pre-register, a bank letter of credit or guarantee will be required with a personal check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller.

DEED: Seller shall provide Special Warranty Deed(s).

EVIDENCE OF TITLE: The Seller agrees to furnish an Owners Policy of Title Insurance in the amount of the purchase price. Cost of the Title Insurance to be split 50:50 between Buyer and Seller. Any lenders Title Insurance and endorsements will be paid by the Buyer.

CLOSING: The closing shall take place by December 10, 2012 or as soon thereafter as applicable closing documents are completed by Seller. Seller and Buyer shall share 50:50 the cost of closing.

POSSESSION: Possession is at closing, subject to the harvest of the 2012 crop.

REAL ESTATE TAXES: The Seller shall be responsible for the 2012 calendar year taxes and the Buyer shall be responsible for the taxes due for the 2013 calendar year and thereafter. MINERALS: No minerals are included in the sale of the real estate. The Seller does not own any of the mineral rights.

BUYERS PREMIUM: A 2% Buyers Premium will be charged to the Buyer. The Buyers Premium shall be added to the high bids to determine the Total Contract Purchase Price.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Seller.

ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate and Auction Company, Inc., The Lund Company and their representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

NEW DATE, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes or additions to the property information.

STOCK PHOTOGRAPHY: Some photos are for illustrative purposes only and are not of the auction property.