9,698 Acres Offered in 14 Tracts - N.W. Oklahoma. 2,700 Irrigated Acres
Wed, Apr 13, 10:00 AM
65 Miles South of Dodge City, KS at the intersection of HWY. 283 & HWY. 64
Owner: DF&D Ranch
• 7378 Deeded Acres • 2320 State Leased Grassland Acres • 2700+/- Irrigated Acres • 2900 Gallons/Minute Water • 2 Acre Feet Water Allotment on Most Tracts • Sprinklers Approximately 5 Years Old • 4600+/- Owned Grassland Acres • Calving Facilities • 2 Homes • Great Hunting
OPEN HOUSE/INSPECTION DATES
INFORMATION/INSPECTION DATES: Thursday, March 17th, 5PM - 7PM
Friday, March 18th, 9AM-11AM
Monday, April 4th, 5PM - 7PM
Tuesday, April 5th, 9AM - 11AM
Tuesday, April 12th, 3PM - 5PM
Additional information about the property will be available. Meet a Schrader Representative at Tract 14.
PROPERTY LOCATION
Located at the Junction of State Hwy 283 & State Hwy 64.
Near Rosston, Oklahoma.
AUCTION TERMS & CONDITIONS
PROCEDURE: Tracts 1 through 14 will be offered in individual tracts, in any combination of these 14 tracts, or as total unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations, and the total property may compete. The property will be sold in the manner resulting in the highest total sale price, subject to Sellers acceptance.
DOWN PAYMENT: 10% of the accepted bid price as down payment on the day of auction with the balance in cash at closing. If the bidder pre-registers with the Auction Company on or before Wednesday, April 6 then cash or a personal check will be accepted for the down payment (contact Auction Company for a pre-registration form or visit www.schraderauction.com.) If the bidder does not pre-register, a bank letter of credit or guarantee will be required with a personal check, OR bidder must present a $5000 cashiers check with a personal check for the balance of the down payment on auction day. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Sellers.
DEED: Seller will provide Warranty Deed(s).
EVIDENCE OF TITLE: The seller shall provide an updated abstract showing merchantable title to the real estate. In the event the seller requires a title insurance policy, one will be provided. However the cost of said title insurance policy will be shared 50/50 between the buyer and seller. CLOSING: The closing shall take place within 15 days of proof of marketable title. Seller and Buyer shall share 50:50 the cost of closing.
POSSESSION: Possession at closing on all tracts. Contact Auction Company prior to auction if possession prior to closing is important.
REAL ESTATE TAXES: The Seller shall be responsible for the taxes due for the calendar year 2010 and the Buyer shall be responsible for the taxes due for 2011 calendar year and thereafter.
ACCESS/ EASEMENTS: Each tract shall be provided acess either by a public road or easement.of ingress and egress. Easements shall be located over existing roads as illustrated by the red line in the auction brochure aerial map.
STATE LEASE LAND (TRACT 12): Tract 12 is being leased from the state of Oklahoma. The annual lease payment is $16,100.00 and is due on Jan 1 of each year. Said lease expires December 31 2014. Seller shall assign said lease to the high bidder of tract 12. The 2011 rent payment shall be prorated to the date of closing. For a copy of the aforementioned lease contact the auction company.
SURVEY: Seller shall provide a survey for any tract where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller & Buyer shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing merchantible title/title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres on tracts without improvements other than center pivot equipment (i.e. home, barn, bins).
MINERALS: No minerals will be conveyed with the real estate.
ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal description and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.
AGENCY: Schrader Real Estate & Auction Company, Inc., and their representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the purchase agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections or additions to the property information.