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Dale Buhrdorf Trust Dryland & Mineral Right Auction
BID BID ACRE
Parcel #1A $180,000 $568
Parcel #1B $142,500 $596
Mineral Rights $28,000
TOTAL AUCTION BID $350,500
The Dale Buhrdorf Trust is offering 615+/- acres of CRP, pasture, and mineral rights for sale at auction. Located in western Cheyenne County, Nebraska, the Dale Buhrdorf property includes 316.4+/- acres of CRP, 239+/- acres of pasture, and 100% of the mineral rights for sale. The will have possession upon closing, receive 100% of the 2016 CRP payment with the CRP contract expiring 9/30/2021 with an annual payment of $10,786 @ $34.09/acre. Livestock water via pump jack/electric motor. Land to be offered in 2 Parcels & Combo with 100% of mineral rights being offered separately, then together with land as a single unit.
PARCEL #1A – CRP: 376.0+/- total ac; 316.4+/- ac CRP, 59.6+/- ac pasture/rds; Legal: A tract in 30, T15N, R52W, Cheyenne Cty, NE; Location: From Potter, NE, 1½ mi N; Property enrolled in CRP program, CRP annual payment is $10,786 @ $34.09/acre; Contract expires 9/30/2021; 2014 R/E taxes: $1,819.46.
PARCEL #1B – PASTURE: 239.0+/- ac pasture; Legal: A tract in 30, T15N, R52W, Cheyenne Cty, NE; Location: From Potter, NE, 1.5 mi N; Livestock water via pump jack/electric motor; 2014 R/E taxes: $1,156.90.
COMBO #1 (PARCELS #1A & #1B) – CRP & PASTURE: 615 +/- total ac; 316.4+/- ac CRP, 298.6+/- ac pasture/rds; Property enrolled in CRP program, CRP annual payment is $10,786 @ $34.09/acre; Contract ex-pires 9/30/2021; Livestock water via pump jack/electric motor; 2014 R/E taxes: $2,976.36.
MINERAL RIGHTS: 615+/- mineral acre; Legal: A tract in 30, T15N, R52W, Cheyenne Cty, NE; No prior mineral reservations; Minerals are leased; 100% of Sellers interest to be conveyed.
SINGLE UNIT (PARCELS #1A, #1B, & MINERAL RIGHTS) – CRP, PASTURE, & MINERAL RIGHTS: 615+/- total ac; 316.4+/- ac CRP, 298.6+/- ac pasture/rds; Property enrolled in CRP program, CRP annual payment is $10,786 @ $34.09/acre; Contract expires 9/30/2021; Livestock water via pump jack/electric motor; 2014 R/E taxes: $2,976.36; No prior mineral reservations; Minerals are leased; 100% of Sellers interest to be conveyed.
SALES TERMS/PROCEDURES: The “DALE BUHRDORF TRUST & MINERAL RIGHT AUCTION” is an auction with NO RESERVE. Competitive bids will determine outcome of auction and the Seller to enter into a contract to purchase with the highest bidder(s). Property to be offered in 2 Parcels (land), 1 Combo, Mineral rights separately, and together as a Single Unit. The parcels, combo, mineral rights, and single unit will be offered in the sale order as stated within the brochure. The parcels, com-bo, mineral rights, and single unit will compete to determine the highest aggregate bid(s). Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price not price per acre.
SIGNING OF PURCHASE AGREEMENT: Immediately following the conclusion of the auction, the highest bidder(s) will sign Disclosure of Brokerage Relationships in Real Estate Transactions and will enter into and sign a Farm, Ranch, and Land Pur-chase Agreement for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or cor-porate check for 15% of the purchase price. Said earnest money is due upon the signing of the Farm, Ranch, and Land Purchase Agreement and to be deposited with Reck Agri Realty & Auction. Farm, Ranch, and Land Purchase Agreement will not be contingent upon financing. Terms and conditions of the detail brochure and oral announcements shall be incorporated and made a part of the Farm, Ranch, and Land Purchase Agree-ment. Sample Farm, Ranch, and Land Purchase Agreement is available within the detail brochure.
CLOSING: Buyer(s) shall pay in electronic transfer funds or cashier’s check (Good Funds), the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or be-fore December 4, 2015. Closing to be conducted by Cheyenne County Abstract and the closing service fee to be split 50-50 between Seller and Buyer(s).
MINERALS: Seller to offer all OWNED mineral rights as Par-cel #2 of the auction.
NOXIOUS WEEDS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, canadian thistle, rye, goat/Johnson grass, etc). The location of and the density of noxious weeds is unknown at this time.
TITLE: Seller to pass title by Warranty and/or Mineral Deed free and clear of all liens. Title Insurance to be used as evidence of marketable title and cost of the premium to be split 50-50 between Seller and Buyer(s). The Buyer(s) to receive a TBD title commitment within detail brochure, updated title commitment with Buyer(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner’s title insurance policy in an amount equal to the Purchase Price after closing. Property to be sold subject to existing roads and highways; established easements and rights-of-way; prior min-eral reservations; and other matters affected by title documents shown within the title commitment; and zoning, building, subdi-vision, and other restrictions and regulations of record. Title commitments are available for review within the detail brochure and at the auction and title commitment and exceptions will be incorporated and made a part of the Farm, Ranch, & Land Pur-chase Agreement.
POSSESSION: Possession of property upon closing.
PROPERTY CONDITION: The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller.
WATER RIGHTS: Buyer(s) shall receive whatever interest, if any, Seller has in any water rights appurtenant to the property.
REAL ESTATE TAXES: 2015 Real Estate Taxes due in 2016 to be prorated to day of closing.
CRP CONTRACTS: Seller to convey all right, title, and in-terest to the existing CRP contract to the Buyer(s) as successor in interest. Seller to retain the October 2015 CRP payment. Buyer(s) to receive the October 2016 and thereafter CRP pay-ments. Buyer(s) assumes responsibility of the maintenance of the CRP acres, the obligations of the CRP contract, and agree to enter into new CRP contract within 60 days after the closing. Buyer(s) assumes responsibility of the costs and penalties if Buyer(s) chooses to terminate the existing contract.
LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any. If the property sells in parcels and a survey is required to create a metes and bounds legal description, Seller to provide and pay for said survey. Seller & Buyer(s) agree that closing may be extended up to 30 days if necessary to complete said survey.
ACREAGES: All stated acreages in the initial brochure, de-tail brochure, and visual presentation at the auction are approximate and are obtained from aerial photos from the FSA office. The county tax records may indicate different acreages and no warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in purchase price if acreage is different than what is stated in this brochure and/or stat-ed at the auction.
MULTIPLE PARTY BID: If several parties go together and collectively bid on parcel(s) and the Multiple Party Bid is the highest bid, at the conclusion of the auction each party within the Multiple Party Bid shall identify and agree to sign separate contract(s), pay for their respective separate parcel(s) at clos-ing, and pay for a metes & bounds survey and additional title insurance premium to create the legal description for their respective separate parcel. The collective purchase prices for the separate parcels shall equal the total Multiple Party Bid.
BIDDER REQUIREMENTS: Prior to auction, Buyer(s) to re-view the terms and conditions as set forth in the Detail Brochure. Detail Brochure may be obtained at the Buyers’ Information Meeting, visit auction property page at www.reckagri.com, or by calling Reck Agri Realty & Auction. Bidding via cell phone, internet, and/or bidding on someone’s behalf, must be approved by Reck Agri Realty & Auction 24 hours prior to auction.
A DETAIL BROCHURE is available upon request and is REQUIRED to bid at the auction, via cell phone, or online bidding. It includes the terms and conditions of the auction, pertinent facts, title commitment, and Farm, Ranch, and Land Purchase Agreement. For additional color photos visit the “DALE BUHRDORF TRUST & MINERAL RIGHT AUCTION” Visual Tour on our website: www.reckagri.com.
COPYRIGHT NOTICE: Photographs, video tapes, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission. Auction photographs may be used by Reck Agri Realty & Auction in publications, marketing materials, and on its website.
ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All equipment and improvements are to be sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Limited Seller’s Agent. Announcements made by Reck Agri Realty & Auction, at the time of sale will take precedence over any previously printed material or other oral statements. Reck Agri Realty & Auction does not offer broker participation for the “DALE BUHRDORF TRUST & MINERAL RIGHT AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidder increments are at the discretion of the Broker.
Join Us at the Auction…
Dale Buhrdorf Trust Dryland & Mineral Right Auction – NO Reserve
Tuesday, November 3, 2015 @ 10:30 a.m. MT
Country Inn & Suites ● Sidney, NE
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- Cheyenne County , NE
- Dale Buhrdorf Trust Dryland & Mineral Right Auction - NO Reserve
- Tuesday, November 3, 2015 @ 10:30 a.m. MT
- Country Inn & Suites ● Sidney, NE
- CRP – PASTURE – MINERAL RIGHTS
- TOTAL AUCTION BID $350,500
- 615+/- Acres - Cheyenne County, NE
- 316.4+/- ac CRP w/59.6+/- ac pasture
- 239 +/- ac fenced pasture w/pump jack & motor
- Property to be offered in 2 parcels, then together
- Owned mineral to be offered separately
- Legal: All of 30,T15N, R52W
- From Potter, NE, 1.5 mi N to SE corner
- CRP contract expires 9/30/2021
- Annual CRP payment: $10,786, $34.09/ac
- Possession of property upon closing