Absolute Multi-Parcel Land Auction
1,360 Acres Dryland & Grass
6 Tracts:
Tract 1 - 320 Acres Grass 2S-45 Sec. 33: NE/4, E/2SW/4 & W/2SE/4
- Water from well-share agreement, well off property
- Buyer to get possession Nov. 1, 2011
- Buyer to receive all rent for 2011
Tract 2 - 400 Acres Grass 2S-45 Sec. 34: NW/4, SE/4 & E/2SW/4
- Water from well-share agreement, well off property
- Buyer to get possession Nov. 1, 20011
- Buyer to receive all rent for 2011
Tract 3 - 160 Acres Grass 2S-45 Sec. 24: NE/4
- Domestic/Stock Wells #159815, #17961
- Old improvements/farmstead
- Buyer to get possession Nov.1, 2001
- Buyer to receive all rent for 2011
Tract 4 - 240 Acres 2S-45 Sec. 24: SW/4 & W/2SE/4
235 Acres Dryland
5 Acres Grass/Waste
- 120.3 Ac. in growing wheat
- Buyer to receive owner's 1/3 share of growing wheat
- Possession at closing on open acres & after harvest on acres with gr...
- Possession at closing on open acres & after harvest on acres with growing wheat
- 115 Ac. Wheat Base, 25 bu. yield; 76.6 Ac. Grain Sorghum Base, 27 bu. yield
Tract 5 - 80 Acres Dryland 2S-44 Sec. 28: W/2NE/4
- No growing crops
- Buyer to receive possession at closing
- 38.8 Ac. Wheat Base, 25, bu. yield; 25.7 Ac. Grain Sorghum Base, 27 bu. yield
Tract 6 - 160 Acres Dryland and Grass/Waste 2S-44 Sec. 26: S/2NW/4, SW/4NE/4 & NW/4SE/4
86.7 Ac. Dryland
73.3 Ac. Grass/Waste
- 43.2 Ac. Wheat Base, 25 bu. yield; 28.3 Ac. Grain Sorghum Base, 27 bu. yield
-Buyer to receive owner's 1/3 share of growing wheat
MANNER OF SALE
Sale is absolute with the property selling to the highest bidder auction day without minimum or reserve. Real estate will be offered in individual tracts, combinations of tracts and as a whole. The property will sell in the manner which produces the highest price for the Seller.
TERMS
A 1% Buyers premium will be added to the winning bid price to arrive at the total contract price. 15% of the contract price will be due immediately after the auction, with the balance due at closing, on or before May 11, 2011. Personal and corporate checks are acceptable for the down payment with the final payment in good funds. Purchase is not contingent upon financing, appraisals, surveys or inspections. Financing, if necessary, should to be approved prior to the auction. Each successful bidder will be required to enter into a Purchase Contract immediately following the auction. Example copies of the contract will be available prior to the sale.
EVIDENCE OF TITLE
Seller will provide title insurance to Buyer in the amount of the purchase price. Title insurance policy commitments will be provided on sale day.
INSPECTIONS
There is no inspection period in the contract, therefore, each potential bidder is responsible for conducting his own independent inspections and due diligence concerning pertinent facts about the property prior to the auction. All information is deemed to be from reliable sources. Neither the Seller, nor Shay Realty, Inc., is making any warranties about the property, either expressed or implied. To schedule inspections of land or improvements, contact Shay Realty, Inc.
ACREAGES
All acreages are considered to be approximate and tracts will be sold by acres advertised. The acreage figures are from sources believed to be reliable. All FSA information is subject to change. The FSA acres may not be the same as deeded acres.
MINERAL RIGHTS
Seller reserves 1/2 of Sellers current oil, gas, mineral and geothermal energy rights.
TAXES
All taxes are considered approximate. Seller will pay the 2010 and prior years taxes with the taxes for 2011 and subsequent years to be the responsibility of the Buyer.
FSA PAYMENTS
Buyer to receive Owners 1/3 share of 2011 FSA base payments and Owners 1/3 share of FSA payments associated with the 2011 harvested wheat crop.
EASEMENTS
Sale is subject to all rights of way and easements, whether recorded or not, and subject to any oil and gas leases of record.
SURVEYS
There have been no surveys on the individual tracts. Neither the Seller nor Shay Realty, Inc. is making any warranties as to the exact location of tract boundaries. The property will sell by legal description only; Seller will not provide any surveys. Surveys, if desired, shall be the responsibility of the Buyer.
WATER
All water rights owned by Seller shall go to the Buyer. Buyer of Tracts 1 and 2 shall assume
Owners rights and position in existing well share agreement. All Bidders should satisfy themselves as to their individual water concerns. Neither the Seller nor Shay Realty, Inc. is making any warranties pertaining to water or its availability, either expressed or implied.
POSSESSION & CROPS
Possession at Closing on open cropland and after harvest on land planted to wheat. Possession of all Grassland shall be November 1, 2011. Buyer shall receive all of the 2011 grass rent. Buyer shall receive Owners 1/3 share of the 2011 harvested wheat crop. Buyer shall be responsible for 1/3 of Federal Crop Insurance premium and 1/3 of any additional fertilizer and herbicide expense.
AGENCY
The Listing Broker with Shay Realty, Inc. is the Sellers Agent. No compensation for other agents available for this transaction. Announcements made at the auction take precedence over any printed material or prior representations.
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