MINERAL RIGHTS: Sellers will retain 100% of the existing mineral rights for a term of 20 years, or as long as production, if any, exists.
CROPS: Sellers will retain 100% of the 2012 crops.
FSA PAYMENTS: Seller will retain 100% of all FSA payments associated with the 2012 crop year.
POSSESSION: Date of closing, subject to Sellers leaseback.
REAL ESTATE TAXES: Sellers will pay taxes for 2011 and prior. Taxes for 2012 will be prorated to the date of closing. See chart on back for 2011 taxes.
PRICE: Tract 1: $420,000
Tract 2: $783,000
Tract 3: $876,000
Tract 4: $843,000
Tract 5: $157,320
Tract 6: $392,260
Tract 7: $386,420
Tract 8: $624,000
Tract 9: $618,000
BROKERS NOTE: The Sellers of this land desire to lease the property back from the Buyer at 5% of the purchase price. The Sellers will give the Buyer a guarantee of buy-back at the amount the Buyer paid for the land; or the Buyer wil...
BROKERS NOTE: The Sellers of this land desire to lease the property back from the Buyer at 5% of the purchase price. The Sellers will give the Buyer a guarantee of buy-back at the amount the Buyer paid for the land; or the Buyer will give to the Sellers a first right of refusal at any future date that the land would be offered for sale. The Sellers would lease the property for a five to ten year term.
This property is in a good rainfall area with good deep productive soils.
For further details on this listing call Farm & Ranch Realty, Inc.
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