162.3+- ACRES BUTLER COUNTY, KS LAND

AUCTION DATE:  Wednesday February 12, 2014 6:00 P.M.

AUCTION LOCATION:  El Dorado Civic Center, 201 E. Central Ave., El Dorado, Ks.

Steve Sharpsteen, Owner

PROPERTY DESCRIPTION:  162.3+- acres of pasture, 1 pond,  3+ water wells.  This property is located northeast of Towanda, Ks.  This pasture could be used for either summer cattle grazing or winter pasture.  Mineral rights are intact and transfer to the Buyer.  The mineral rights are free and clear of any oil and gas leases.  There has been production on the property in the past, and there is production in the area.  There are currently two single wide manufactured homes with utilities on the property.  Zoning classification is Agriculture-40.

LEGAL DESCRIPTION:  The Northeast Quarter of Section 35, Township 25 South, Range 4 East of the 6th p.m., in Butler County, Kansas. Subject to public road.

2013 REAL ESTATE TAXES:  $454.56.

LAND LOCATION:  From El Dorado, Ks West on HWY 254 to HWY 196, North 1 ½ mile to NW 10th St., West 1 mile to the property.

TERMS:  Earnest money is $25,000 due at the conclusion of the Auction with the balance due upon Sellers submission of merchantable title and closing. Closing date shall be on or before March 12, 2014. Closing fee and title Insurance fee will be split 50/50 between Seller and Buyer. Selling subject to easements, restrictions, roadways and rights of way. This property is not selling subject to financing. Interested buyers need to view the property prior to the date of the auction and have financing available prior to bidding. All pertinent information is available upon request. All announcements made the day of the auction take precedence over any other announcements or printed material.