Auction Information
LEGAL DESCRIPTIONS:
TRACT 1: SW/4 OF 36-13-32
TRACT 2: ALL OF SECTION 17-14-32
TRACT 3: NE/4 OF 20-14-32
MANNER OF SALE: This real estate will be offered as a MULTI-PARCEL auction in 3 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 individual 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 May 23, 2013, or upon such terms as may be acceptable to the Sellers. 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 au...
TERMS: 10% down day of sale, with the balance to be paid on or before May 23, 2013, or upon such terms as may be acceptable to the Sellers. 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. Announcements made day of sale will take precedence over printed material and previously made oral statements.
MINERAL RIGHTS: Sellers will convey surface rights only to the Buyer(s) at closing.
CROPS: There are no growing crops.
FSA INFORMATION: Buyer(s) will receive 100% of all FSA payments associated with the 2013 crop year. See chart below for base acres and yields.
CRP INFORMATION: Buyer(s) will receive 100% of the 2013 CRP payments on Tracts 2 and 3. See chart below for CRP payments and expiration dates.
CLOSING: Closing will be on or before May 23, 2013.
POSSESSION: Date of closing.
REAL ESTATE TAXES: Taxes for 2012 and prior years will be paid by the Sellers. Taxes for 2013 will be the responsibility of the Buyer(s). See chart below for 2012 tax amounts.
EVIDENCE OF TITLE: Sellers 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 Sellers. Title evidence will be provided on sale day.
ACCEPTANCE OF BIDS: Each successful bidder will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contracts will be available from the auction company prior to the sale.
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, including but not limited to the number of cropland acres, grass acres, base acreages and yields. FSA acres may not be the same as deeded acres or county appraiser acres. Acreages are not covered by title insurance.
INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections & due diligence concerning pertinent facts about the property. Neither Sellers or Farm & Ranch Realty, Inc., its 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 leases of record, if any.
AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Sellers.
AUCTIONEERS NOTE: The Fosters will offer these 3 tracts of cropland and CRP at ABSOLUTE PUBLIC AUCTION on Friday, April 26th at the Buffalo Bill Cultural Center in Oakley.
Tract 1 is MOSTLY CROPLAND THAT IS OPEN AND READY FOR FARMING. Tracts 2 and 3 have been RECENTLY ENROLLED IN THE CRP PROGRAM under 3 different contracts. For more information on utilizing these tracts as cropland, contact the FSA office in Oakley.
This is a GREAT OPPORTUNITY FOR BOTH THE INVESTOR AND THE FARMER to invest in real estate with good income potential. For a tour of these properties, give Neal Mann a call at 785-635-2102!
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