0 NW Shumway Rd Unit 517212 Towanda, KS 67144

80+- acres of excellent native pasture, windmill, small timber lined creek, and a portion of a large pond. This tract can be used for either summer or winter livestock pasture. Oil income exists from a well on the property currently producing 1.76 barrels per day. The landowner owns 100% of the mineral rights and receives a 1/8 royalty. Great potential building site just 1/2 mile from blacktop. Earnest money is $25,000 and 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 April 18, 2016. 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 or inspections. Interested buyers need to view the property prior to the date of the auction and have financing available and any inspections performed 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. Auction to be held Thursday, March 17, 2016 at 6:00 pm.