Graff’s Turf Land Auction Parcel #4 Farmstead

PRELIMINARY AUCTION TERMS

AUCTION PROCEDURE: The “GRAFF’S TURF LAND AUCTION” is a land auction with RESERVE. The property to be offered as a “MULTI PARCEL” Auction in the sale order as stated within the brochure. 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 enter into a contract for the amount of the bid. Required earnest money deposit is 15% of the purchase price for Parcels #1A, #1B, #2, combo, or units and 5% of the purchase price of Parcels #3 & #4. Purchase contract will not be contingent upon financing.

CLOSING: Closing is on or before July 26, 2024. Closing to be conducted by Northern Colorado Title Services and the closing service fee to be split 50-50 between Seller and Buyer(s).

TITLE: Seller to pass title by Warranty Deed. 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).

POSSESSION: Possession of property is as follows:

Parcels #1A, #1B, & #2: Possession of land with row crop is subject to terms of cash rent lease. Seller reserves possession of land with sod and the right to irrigate, maintain and harvest said sod until September 1, 2024.

Parcels #1B & #4: Seller also reserves possession of shops, buildings, & homes until September 15, 2024.

Parcel #3: Seller reserves possession of the property including the buildings and office until September 15, 2024. Seller reserves the right to conduct a equipment auction until September 15, 2024.

CROP LEASE PAYMENT: Seller to convey 50% of cash rent for land where row crop is planted.

SOD: Purchase price does not include the sod located on the property. Buyer(s) shall have the right to purchase the sod from Seller and pay Seller at closing for sod. (Inventory and price for sod is available on request.) If sod is not purchased by Buyer(s), Seller to spray with Roundup and kill said sod on or before September 1, 2024.

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.

REAL ESTATE TAXES: 2024 real estate taxes due in 2025 to be prorated.

MINERALS: Seller to convey all their OWNED mineral rights to Buyer(s).

WATER RIGHTS & EQUIPMENT: Seller to convey all water rights and equipment. Water rights and the irrigation equipment are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, adequacy and/or delivery of ditch water and stream flows, and pumping rates/adequacy of wells. Irrigation assessments for the 2024 growing season to be paid by Seller. Seller to convey their Bijou Irrigation Company shares; Layton Lateral Company shares; Bijou Irrigation District acres; irrigation Well Permits #6545-F-R, #1252, #3060, & #14618; and their rights to the Bijou Irrigation Augmentation Plan. Seller to also convey all irrigation motors, pumps, pivots, and booster/pond pumps and motors.

LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any. A survey and subdivision exemptions to be completed for Parcels #3 and #4 and a survey for part of Parcel #1A and part of Parcel #1B.  Seller to provide and pay for said surveys and apply for subdivision exemptions. Seller & Buyer(s) agree that closing may be extended up to 30 days if necessary to complete said surveys and/or exemptions.

ACREAGES: All stated acreages are approximate and are obtained from the FSA office and/or county tax records. No warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreages.

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. Reck Agri Realty & Auction does not offer broker participation for the “GRAFF’S TURF 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. Bidding increments are at the discretion of the Broker.

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