Happy, TX 79042(Randall County)

Description Tract 1: 117.2 acres enrolled in the USDA CRP program through 9/30/2020* Annual payment $3,779.70* Good Established Grass* The grass is in excellent condition and should provide abundant grazing after the CRP program expires* Exc. Access* FM 1705 is the south boundary with mile frontage*36.5 acres in cultivation on east side*Cultivated land appears to be good land with minimal slope. Fences: West fence is 9 wire, wood and metal posts in excellent condition* North fence is 5 wire with metal and wood posts in good condition* South and East fences are fair* Electric lines are present, but no meter currently on property* There is no water well on property*This is a good combination property that can be used for grazing or dry land farming after the CRP expires. The 2015 CRP payment will be prorated through closing date by the Randall County FSA office.

Description Tract 2: This tract contains approximately 145.46 total acres. A new survey will be available prior to auction date. There are 78.2 acres enrolled in the USDA CRP program through 9/30/2020, with annual payments of $2,521.95. The remaining acres would be considered native or other ag. The CRP acres are located on the north side and the grass is in good condition. The native grass is located on the south side, with FM 1705 frontage. This property is well suited for grazing livestock. There is one well that has not been used in several years, condition unknown at this time. Electric service is available; however the meter is currently pulled. There is an access easement along the west boundary, (Brown Road) north to a house and few acres that are not included in the property to be auctioned. This house and few acres are located near the west central part of the property. The 2015 CRP payment will be prorated through closing date by the Randall County FSA office.

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Mineral Rights: Seller will reserve one-half of the mineral rights currently owned.

Wind Rights: Seller will reserve a one-half royalty interest in the wind rights.

Note: Should a Buyer elect to be represented by another Realtor or Broker there will be a 3 % premium, paid for by Buyer, for that transaction. This 3 % will be paid to the Realtor or Broker representing the Buyer. Otherwise, there will be no Buyers premium. XIT Auctions and Street Real Estate represent the Seller in this transaction.

Terms: Property will be offered for sale at auction and sold AS IS. Buyer and Seller will sign a standard Farm and Ranch contract immediately after the auction. Buyer is required to pay 10% earnest money day of sale, and close and fund the transaction within 30 days after the auction date. EARNEST MONEY WILL BE NON REFUNDABLE IF TRANSACTION FAILS TO CLOSE DUE TO BUYERS INABILITY TO OBTAIN FINANCING, IF ANY* Earnest money will be credited to the purchase price at closing. Seller will provide title insurance and deed preparation. This is a reserve auction. Seller will have 30 minutes to accept or reject any and all bids. SOLD FOR CASH NOT CONTINGENT ON FINANCING* Any announcements made sale day take precedence over all other previous advertisements. EACH BIDDER SHOULD PERFORM AN INVESTIGATION TO VERIFY THE INFORMATION IN THIS FLYER, AS NO WARRANTIES ARE CREATED WITHIN.

XIT Auctions* Aubrey Latham* TX License #10620* PO Box 656, Sentinel, OK. Phone: 580-393-4440* Street Real Estate* TX License #601452* 3010 Olton Road, Plainview, TX 79072* Phone Johnny Street 806-847-7400* Office 806-293-9944.