LEGAL DESCRIPTION: NE/4 OF 2-16-26
LOCATION: From the intersection of Hwy 4 & D Road at Utica, Kansas, go 4 miles North to the Gove/Ness county line, then mile East to the NW corner of the property. SIGNS WILL BE POSTED!
MINERAL RIGHTS: Seller will retain of the mineral rights for a term of 10 years or for as long as production, if any, exists. The reservation will be non-participating in lease monies, delay rentals and bonuses, but fully participating in royalties.
FSA INFORMATION: CRP acres: 152.1
Grassland acres: 7.9+
CRP PAYMENTS: There are 152.1 acres currently enrolled in the CRP program through 9/30/21 at $39.17 per acre for a total annual payment of $5,958.
The 2014 CRP payment which will accrue from October 1, 2013, through September 30, 2014, will be prorated to the date of closing. Buyer will receive 100% of the 2015 CRP payment.
POSSESSION: Date ...
POSSESSION: Date of closing.
REAL ESTATE TAXES: Taxes for 2014 will be prorated to the date of closing. (2013 taxes = $306.60)
PRICE: $250,000
This land is in an area of oil activity, and the minerals are not currently leased for oil & gas!
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