Auction Information
Online Auction | Benkelman Rangeland
PROCEDURES:
Online bidding will begin July 11, 2022 at 8:00 AM, MDT. The auction will start the closing process on July 13, 2022, at 11:00 AM, MDT. The auction will have a soft closing. Soft Closing Definition: Starting 5 minutes prior to 11:00 AM, when a bid is placed the auction will be extended for an additional 5 minutes. This will continue until 5 minutes has passed with no new bids, at this time the auction will be closed. This is an Absolute Auction. Bidding increments are solely at the discretion of the Auction Company. The Purchase Agreement and Title Insurance Commitment are available prior to the auction by contacting Agri Affiliates.
TERMS & CONDITIONS:
Terms - This cash sale requires a 15% earnest deposit to be wire transferred or hand delivered to Agri Affiliates within 24 hours of signing the digital Purchase Agreement immediately following the Auction. The balance of the...
Terms - This cash sale requires a 15% earnest deposit to be wire transferred or hand delivered to Agri Affiliates within 24 hours of signing the digital Purchase Agreement immediately following the Auction. The balance of the purchase price is payable in certified funds at Closing, on or before August 19, 2022. There is no contingency for financing and purchase agreement is immediately binding. Sellers to convey title by Warranty Deed; with Title Insurance evidencing merchantable title. Cost of Title Insurance and an Insured Closing by the Title Company will be shared 50/50 by Seller/Buyer. Property sells subject to easements, rights-of-way, zoning, and restrictions of record; Free and clear of all liens. The property sells in as-is condition; No warranty is expressed or implied as to the adequacy of any portion of the property. Auction conducted as an Absolute Auction.
Minerals - Parcel 1: Owners shall retain all owned mineral rights for a period of 20 years ending in 2042. Parcel 2: Any owned oil, gas, and mineral rights pass to Buyer.
Acreages - No warranty is expressed or implied as to exact acres included in the parcels. Legal description are subject to existing fence and field boundaries.
Internet Online Bidding - Buyer can follow the links on Agri Affiliates website. Buyers will set up bidder account, user name and password to participate in the online auction. For final approval as an online bid-der you must complete a required phone interview with Agri Affiliates and provide bank reference information if requested. Your final approval as a bidder must be completed 48 hours prior to the Auction.