Property Information:
TRACT 1 consists of 116.6+/- acres with approximately 115 acres being tillable. The property is located on CR 500S just east of Hwy 58. This tract has a center pivot irrigation system w/ a corner attachment and irrigation well. This is a highly productive tract suitable for growing specialty crops including watermelons & vegetables as well as conventional crops. This tract is accessible with a county road along the south property line.
NOTE: Several of the tracts will be subject to an irrigation water use agreement and irrigation water line easements
Tract 1 will be subject a irrigation well easement and a water line easement in favor of Tracts 2 & 5.
TRACT 2 consists of 207+/- acres with approximately 176 acres being tillable. This tract is located on CR 500S just east of Tract 1 & also fronts CR 550W on the east & CR 400S on the north. This tract is improved with 2 tow able irrigation systems and a shared irrigation well located on Tract 1. This tract consists of highly productive soils, some with high peat content. This tract is subject an easement for the irrigation booster pump & water line in favor of Tract 5. Tract 2 is tilled and there are approximately 20 acres that could be cleared & placed into production.
TRACT 3 consists of 121.7+/- acres with approximately 120 acres being tillable. Tract 3 is located on CR 400S west of the north end of Tract 2. This tract has a center pivot irrigation system with a corner attachment. There are 2 irrigation wells on this tract and the water for this system is pumped using the tenant owned generator. Once again, this tract is ideally suited for production of specialty crops as well as conventional crops. Tract 3 is tilled and terraced.
TRACT 4 consists of 80.4+/- acres with approximately 80 acres being tillable. Tract 4 is located on CR 400S just west of Tract 3. This tract is improved with a tow able irrigation system w/ 4 pivot points & a well. This is a highly productive tract of land suitable for growing specialty crops as well as conventional crops.
TRACT 5 consists of 121.7+/- acres with approximately 113 acres of tillable land. This tract is located on CR 600W just north of CR 400S. The tract is improved w/ 4 irrigation systems (2 center pivot & 2 tow able) and a shared irrigation well located on Tract 1. There is a 25hp booster pump that allows for 2 irrigation systems to operate at a time. This land is a sandy loam and is ideal for the production of melons and vegetables.
TRACT 6 consists of 1.5+/- acres w/ 225’ frontage on CR 500S X 300’ deep and is the farming headquarters. This tract is improved with a 40’ X 80’ pole barn shop building that houses the control panel for the grain system. The building has an 18’ eve height & a 20’ sliding door & 1 passage door. There is a concrete floor & underground wiring. There is a 115,000-bushel Shivers grain system w/ 5 grain bins including an automated drying system. All bins have a walk-up stairs.
TRACT 7 consists of 41.7+/- acres, all being tillable. This tract is located at the corner of CR 775W & 600S. This tract has a center pivot irrigation system & a well shared w/ Tract 8. This is a highly productive tract of land suitable for growing specialty crops as well as conventional crops.
TRACT 8 consists of 73.1+/- acres with 72.5 acres being tillable. This tract is located on CR 825W south of CR 500S. This tract is improved with a tow able irrigation system w/ a well shared w/ Tract 7. This is a highly productive tract of land suitable for growing all crops.
TRACT 9 consists of 257.4+/- acres with 243 acres being tillable. This tract is located on the west side of CR 825W south of CR 500S. This tract is improved w/ 2 irrigation systems & 2 wells. This tract is also a highly productive tract of land with good accessibility. .
TRACT 10 consists of a 90’ X 240’ lot located on CR 825 W in the SW corner of Tract 8. The tract is improved with a 40’X 80’ pole machine shed w/ dirt floor.
Hugh Miller, CAI, AARE - AU01000564
Price:
Parcel Size:
1021 (+/-) Acres
Special Conditions:
BIDDERS SEMINAR: A bidders seminar, designed to explain the Freedom Tract auction method, will be held 30 minutes prior to the auction.
MINERAL RIGHTS: Seller believes they own all mineral rights and will convey everything they own to the purchaser.
AUCTION PROCEDURE: The property will be sold using the “Freedom Tract” auction program. The property will be offered in tracts, combinations of tracts, or as an entirety, as the bidders desire. The offering is made in such a manner that all bids remain open until the auctioneer declares the bidding closed. The manner in which the bids total the greatest amount of money, configured as desired by Seller, resulting in the highest price for the Property, will be declared the winning bids. A 6% buyer’s premium will be added to the high bid(s) to determine the contract selling price.
TERMS AND CONDITIONS: The terms and conditions of this auction shall be governed by the Contract for Sale of Real Estate. The Purchase Agreement form is available at www.curranmiller.com or from Curran Miller Auction/Realty, Inc. and should be reviewed prior to the auction. THE HIGH BIDDER(S) AT THE AUCTION WILL BE REQUIRED TO SIGN THE PURCHASE AGREEMENT IMMEDIATELY UPON THE CONCLUSION OF THE AUCTION. NO CHANGES OR ALTERATIONS TO THE PURCHASE AGREEMENT WILL BE MADE.
BUYER’S PREMIUM: A 6% Buyer’s premium shall be added to the high bid(s) to determine the contract selling price.
EARNEST MONEY DEPOSIT: An earnest money deposit equal to 10% of the contract purchase price is payable at the signing of the Purchase Agreement. The earnest money deposit will be deposited in the Curran Miller Auction & Realty, Inc. non-interest bearing escrow account.
BID APPROVAL: The final bid is subject to the approval of the Seller to sell the real estate.
TITLE EVIDENCE: Seller shall pay any expense of title search fees, which shall be paid to the Title Companies, covering the Property, and Purchaser shall pay the base premium charged by the Title Companies for an owner’s title insurance policy covering the Property and issued by a local title company. Buyer shall pay the premiums charged for any endorsements to the Owner’s Title Insurance covering the Property and any lender’s mortgage title insurance policy or loan policy covering the Property.
POSSESSION: Possession of the Property will be at closing on all tracts except Tract 6 and an area of Tract 1 around the farm headquarters to accommodate an auction of the farm equipment scheduled for January 2008.
SURVEY: Seller will provide a current survey, only if a tract division has created a need for a new legal description. The type of survey performed shall be at the Seller’s option and sufficient for providing deletion of survey exceptions in the title insurance policy.
REAL ESTATE TAXES: Purchaser(s) shall assume the real estate taxes due and payable in May 2008 and all subsequent real estate taxes.
CLOSING: Closing under all Purchase Agreements shall be on a date no later than 30 days after delivery of insurable title to purchaser or his agent.
PREREGISTRATION AND PRIORITY SEATING: Priority seating will be available to bidders that are pre-registered for the auction. The seats will be reserved and held until 15 minutes prior auction time. Bidders may register at the showings or by contacting the Auction Company at 1-800-264-0601. Bidder numbers will be provided at the auction site.
BROKER PARTICIPATION INVITED: A real estate broker can earn a
Buyer’s Registration Fee under the Curran Miller Auction & Realty “Keys to Added Income” program by registering their prospect at least 48 hours prior to the auction on a form provided by the auction company, attend the showing of the property with their client and attend the auction with their client. A Buyer’s Registration fee will not be paid to any Principle in the purchase. Details are available at www.curranmiller.com under the “Documents Tab” on the left panel. Click the Broker Incentive form.
