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Method and Terms Lot #0 (Sale Order 1 of 7) This lot is informational and may be used for test bidding - place your actual bids on Lots #1-6 below. Tracts 2, 3 & 6 will be surveyed and the final surveyed acres will be used to constitute the final settlement price. Tracts 1 - 6 will sell on a price per acre basis and will be offered through the marketing method of Buyer's Choice, where as the high bidder can elect (in any order) any or all tracts for their high bid. Buyer's Choice auctioning will continue until all six tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer(s) will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Friday, March 26, 2021. Bidding is NOT subject to the following contingencies, including but not limited to: financing, appraisal, and inspection. Title insurance in the full amount of the purchase price will be provided by the seller. The 2020 real estate taxes, due and payable in 2021, will be paid by the sellers. The 2021 real estate taxes will be paid by the new buyer. Possession will be given at the time of closing. Tracts 1 & 6 sell free and clear of crop tenancy for the 2021 crop year. Tracts 2, 3, 4 & 5 sell subject to a cash rent crop tenancy for 2021 (contact auction rep for further details). All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. The real estate and all improvements are being sold "As Is". The irrigation units and components are being sold "As Is". Updated Cash Rent Information!
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Tract 1 - 40 Acres+/- Lot #1 (Sale Order 2 of 7)
The purchase agreement will be adjusted to a quantity of 40 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$7,950.00 x 40 = $318,000.00 Total
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Tract 2 - 121.229 Surveyed Acres Lot #2 (Sale Order 3 of 7)
The purchase agreement will be adjusted to a quantity of 121.229 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$5,650.00 x 121 = $683,650.00 Total
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Tract 3 - 121.228 Surveyed Acres Lot #3 (Sale Order 4 of 7)
The purchase agreement will be adjusted to a quantity of 121.228 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$5,900.00 x 121 = $713,900.00 Total
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Tract 4 - 43.5 Acres+/- Lot #4 (Sale Order 5 of 7)
The purchase agreement will be adjusted to a quantity of 43.5 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$8,050.00 x 44 = $354,200.00 Total
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Tract 5 - 40 Acres+/- Lot #5 (Sale Order 6 of 7)
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$7,650.00 x 40 = $306,000.00 Total
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Tract 6 - 57.253 Surveyed Acres Lot #6 (Sale Order 7 of 7)
The purchase agreement will be adjusted to a quantity of 57.253 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value. |
$4,750.00 x 57 = $270,750.00 Total
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