Auction Information
MANNER OF SALE: This real estate will be offered as a “MULTI-PARCEL” auction in 8 individual tracts and in combinations of tracts. It will be sold in the manner that produces the highest aggregate bid. There will be OPEN BIDDING on all tracts and combinations of tracts during the auction as determined by the auction company. Bids on tracts, tract combinations, and the total property may compete. Auction procedure and increments of bidding are at the discretion of the auction company.
TERMS: 10% down day of sale, with the balance to be paid on or before December 18, 2009, or upon such terms as may be acceptable to the Seller. Personal and corporate checks are acceptable for the down payment with the final payment to be made in certified funds. All funds will be held by the auction company in their trust account or by an identified title/escrow company. Bidding is not contingent upon...
TERMS: 10% down day of sale, with the balance to be paid on or before December 18, 2009, or upon such terms as may be acceptable to the Seller. Personal and corporate checks are acceptable for the down payment with the final payment to be made in certified funds. All funds will be held by the auction company in their trust account or by an identified title/escrow company. Bidding is not contingent upon financing. Financing, if necessary, needs to be arranged and approved prior to the auction. Bids are subject to Seller confirmation. Announcements made day of sale take precedence over printed material and previously made oral statements.
MINERAL RIGHTS: All of the Seller’s interest will transfer to the Buyer(s) at closing.
CROPS: All 2009 Fall crops will be reserved by the Seller, and Buyer(s) will get immediate possession as soon as the crops are harvested.
FSA INFORMATION: All FSA payments associated with the 2010 crop year will go to the Buyer(s). See chart below for acreage and base acre information.
CRP PAYMENTS: There are 82.8 acres on Tract 8 enrolled in the CRP program with an expiration date of 9/30/20 at $37.28 per acre. Total annual payment is $3,087. Buyer(s) will receive 100% of the 2010 CRP payments which will accrue from 10/1/09 thru 9/30/10, and all future years’ payments under the current CRP contract.
CLOSING: Closing will be on or before December 18, 2009.
POSSESSION: Possession will be date of closing, subject to the tenant’s rights.
REAL ESTATE TAXES: Seller will pay taxes for 2009 and prior years. Taxes for 2010 will be the responsibility of the Buyer(s).
ACREAGES: Acreage figures are considered to be approximate and are from reliable, sources, based on (USDA) FSA figures. All FSA information is subject to change. FSA acres may not be the same as deeded acres.
ACCEPTANCE OF BIDS: The successful bidder(s) will be required to enter into a Farm & Ranch Real Estate Purchase Contract immediately following the auction. Copies of the contracts will be available from the auction company prior to the sale.
EVIDENCE OF TITLE: Seller will provide title insurance to the Buyer(s) in the amount of the purchase price with the premium to be paid one-half by the Buyer(s) and one-half by the Seller. Title evidence will be provided on sale day.
INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Seller or Farm & Ranch Realty, Inc. their agents or representatives, are making any warranties about the property, either expressed or implied.
EASEMENTS: This sale is subject to all rights-of-way and easements, whether recorded or not, and to oil and gas lease of record, if any.
AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Seller.
AUCTIONEER’S NOTE: These are great, near level dryland farmland quarters in Greeley County, Kansas. The Buyer will get possession at closing, provided the crops have been harvested. There are many great tenants available for the investors. The upward long term trend in land values in Greeley County has been consistent and substantial, good replacement for long term investment funds. The CRP on Tract 8 is breakable after the CRP contract has expired. Call for further information or a tour of these fine quarters of land. SIGNS ARE POSTED!