OverviewThis property is sold
SOLD! 1/6/2017. Successful Auction! High Bid of $360,000!
See Color Brochure, Visual Tour, Google Map and Digital Brochure below
Rogers Brothers are offering their 324.1+/- acres of Nebraska dryland for sale at auction. From Venango, NE the property is located 2.75+/- miles NE on Hwy #23, 10.3+/- miles N on Rd 314 to SE corner of property, in northwest Perkins County. The Buyer(s) will receive possession of wheat stubble upon closing, Possession of the land with growing wheat upon 2017 harvest. 166.7+/- acres in wheat stubble and 157.4+/- acres planted to wheat. Buyer(s) to receive landlord share of growing wheat. Soils are primarily Class II with areas of Class III. Owned mineral rights to Buyer(s).
DRYLAND – 324.1+/- acres dryland; Legal: S1/2 of 9, T11N, R41W, Perkins County, NE; Location: From Venango, NE, 2.75+/- mi NE on Hwy #23 to Rd 314, 10.3+/- mi N to SE corner of the property; Soils primarily consist of Class II w/areas of Class III; 166.7+/- acres in wheat stubble,157.4+/- acres planted to wheat; FSA base: 220.2 ac wheat w/39 bu; R/E Taxes: $4,146.
SALE TERMS/PROCEDURE: The “ROGERS BROTHERS LAND AUCTION” is a land auction with RESERVE. The Rogers property to be offered as 1 Parcel. Seller reserves the right to accept or reject bids below the reserve bid of $360,000. Competitive bids will determine the outcome of the auction. 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 Purchase Agreement for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or corporate 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 Agreement. 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 before: November 18, 2016, for SE1/4 and January 6, 2017, for SW1/4. Closing to be conducted by Thalken Title and the closing service fee to be split 50-50 between Seller and Buyer(s).
TITLE: Seller to pass title by Trustee and Warranty Deeds 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 mineral reservations, and other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, 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 Purchase Agreement.
POSSESSION: Possession of wheat stubble upon closing. Possession of lands planted to wheat in fall of 2016 by tenant to be delivered to Buyer(s) after 2017 wheat harvest.
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.
GROWING CROPS: Seller to convey to Buyer(s) Landlord’s share of wheat currently planted. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing. Buyer(s) to reimburse Seller at closing for landlord’s share of fertilizer applied.
REAL ESTATE TAXES: 2016 Real Estate Taxes due in 2017 to be paid by Seller.
FSA DETERMINATION: FSA base acres and yields to pass with the Parcel as designated within the Detail Brochure. Buyer(s) and Seller, at closing, to sign a memorandum of understanding stating the base acres and yields as designated within the Detail Brochure.
LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any.
MINERALS: Seller to convey all OWNED mineral rights to Buyer(s).
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.
ACREAGES: All stated acreages in the Color Brochure, Detail 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 stated 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 closing, 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. This paragraph will not be included in the Color Brochure, but will be included in the Detail Brochure.
BIDDER REQUIREMENTS: Prior to auction, Buyer(s) to review the terms and conditions as set forth in the Detail Brochure. Detail Brochure may be obtained by visiting 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.
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 “Roger Brothers Land 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.
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, Farm, Ranch, & Land Purchase Agreement. For additional color photos visit the “ROGERS BROTHERS DRYLAND 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.
ROGERS BROTHERS DRYLAND AUCTION
Thursday, October 20, 2016, 10:30 am MT
Quality Inn in Ogallala, NE
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- Northwest Perkins County, NE
- ROGERS BROTHERS DRYLAND AUCTION
- Thursday, October 20, 2016, 10:30 am MT
- Quality Inn, Ogallala, NE
- Successful Auction! High Bid of $360,000!
- 324.1+/- total acres dryland
- 166.7+/- acres stubble
- 157.4+/- acres growing wheat
- Landlord share of growing wheat to Buyer(s)
- NW Perkins County, NE
- N of Venango, NE
- Possession of stubble upon closing
- Possession of growing wheat upon 2017 harvest
- Primarily Class II soils with areas of Class III
- Owned mineral rights to Buyer(s)