Chester & Norine Stewart Estate Ranch & Equipment Auction

OVERVIEW: After being in their family for over 104 years, the Chester & Norine Stewart Family is selling their ranch located 12± miles northeast of North Platte, NE in Lincoln County. Not only will the sandhill ranch with pivot irrigation be offered for sale, but also their ranch haying and misc. equipment. This multi parcel auction provides the opportunity to purchase parcels of various sizes or the single unit to add to your current operation or have as a stand alone unit. Once sold, this opportunity to purchase may not be available for generations.
AUCTION PROCEDURE: The “CHESTER & NORINE STEWART ESTATE RANCH AUCTION” is a
land auction with RESERVE. The Stewart property to be offered as a “MULTI PARCEL” Auction in 3 Parcels, 1 Combo, and as a Single Unit. The parcels, combo, and single unit will be offered in the sale order as stated within the brochure. The parcels, combos, and single unit will compete to determine the highest aggregate bid(s). Seller reserves the right to accept or reject any and all bids. 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.
TERMS: Upon the conclusion of the auction, the highest bidder(s) will sign a 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 which is due upon the signing of the contract and to be deposited with Reck Agri Realty & Auction. Purchase contract will not be contingent upon financing. Terms and conditions in the Due Diligence Packet 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 Due Diligence Packet.
CLOSING: Buyer(s) shall pay in 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 October 27, 2023. Closing to be conducted by Title Services of the Plains and the closing service fee to be split 50-50 between Seller and Buyer(s).
TITLE: Seller to pass title by Warranty Deed free and clear of all liens, encumbrances, special assessments levied or assessed, and subject to all easements and restrictions or covenants now of record. Title commitments are available for review within the Due Diligence Packet and title commitment and exceptions will be incorporated and made a part of the Farm, Ranch, & Land Purchase Agreement. 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), except Buyer(s) to pay for cost of loan title insurance policy, if applicable. The Buyer(s) to receive a TBD title commitment within Due Diligence Packet, 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.
POSSESSION: Possession of property upon closing, subject to the current grazing leases.
PROPERTY CONDITION: 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 & EQUIPMENT: Seller to convey all water rights, water wells, well permits, certified acres, and equipment appurtenant to the property whether for irrigation, domestic or livestock use. All wells are subject to the rules, regulations, and limitations of the Nebraska Department of Natural Resources and the Twin Platte Natural Resource District. Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, pumping
rates or adequacy of livestock/domestic/irrigation wells, and/or condition of all irrigation equipment. See parcel information for the description of well permits and irrigation equipment.
REAL ESTATE TAXES: 2023 Real Estate Taxes due in 2024 to be paid by Seller, at closing. The taxes paid by Seller at closing will be based on the previous years taxes and are considered final payment.
FSA DETERMINATION: FSA base acres and yields to pass with the Parcels, Combo, or Single Unit as designated within the Due Diligence Packet. Buyer(s) and Seller, at closing, to sign a memorandum of understanding stating the base acres and yields as designated within the Due Diligence Packet.
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 WEED: There may be areas infested by noxious weeds. The location of and the density of noxious weeds is unknown at this time.
ACREAGES: All stated acreages in the Color Brochure, Due Diligence Packet, and visual presentation at the auction are approximate and are obtained from the FSA office and/or county tax records. Both sources 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.
BIDDER REQUIREMENTS: To register to bid, Buyer(s), prior to the auction, must review and accept the Due Diligence Packet with the full auction terms and conditions, property descriptions, pertinent information, title commitments, and sample contracts. Due Diligence Packet may be obtained by visiting auction property page at 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 assume no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transaction Broker. 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 “CHESTER & NORINE STEWART ESTATE RANCH AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker.
COPYRIGHT: Photographs, videos, Color Brochure & Due Diligence Packets are property of Reck Agri Realty & Auction and cannot be reproduced without permission.

FARM EQUIPMENT: The Seller owns equipment to be sold virtually at the above stated auction. Seller to provide a list of the equipment to be sold, prepare the equipment to be sold, and deliver the equipment to the Fairgrounds prior to the Ranch Auction for inspection. Broker to include said equipment within the land auction advertising and separate publications as deemed necessary. Advertising to be paid by broker and a 3.5% commission of the sale proceeds from the sale of equipment to be paid to Broker.

Announcements made by Reck Agri Realty & Auction, at the time of sale will take precedence over any previously printed material or other oral statements.

EQUIPMENT

ABSOLUTE EQUIPMENT AUCTION

Equipment to be offered for sale virtually via internet by photo and equipment description day of auction at the Lincoln County Fairgrounds, 5015 Rodeo Road, North Platte, NE. Equipment to be sold after the completion of the Stewart Ranch Auction. Estimated time to begin will
be 2:45pm CT. Live On-Site Bidding Plus Pre-Auction and Live Simulcast Bidding, Phone and Absentee Bidding.

Equipment preview after September 25, 2023 during daylight hours @ the Lincoln County Fairgrounds, 5015 Rodeo Road, North Platte, NE.

For questions regarding the equipment contact:
Glenn Stewart – 785-877-6450
Dale Stewart – 308-340-3443

To register to bid, further descriptions and photos, go to reckagri.bidwrangler.com