Ken & Dorothy Mitchell Land Auction

Tuesday, March 17, 2020

Reck Agri Realty & Auction
PROPERTY OVERVIEW: The Mitchell family is offering 853.6 acres of Yuma County Pivot Irrigated and Pasture for sale WITHOUT RESERVE at the Ken & Dorothy Mitchell Land Auction. 260.3 acres is pivot irrigated and will be offered in two parcels and 547.7 acres of pasture to be offered for sale as one parcel. The properties are located in West Central Yuma County, CO. From Yuma, CO, Parcel #1 is located 11 mi S, 1/2 mi E. From Yuma, CO, Parcels #2A & #2B are located 12 mi S, 9 mi E, 1/2 to 1 mi S. Buyer(s) shall have possession for 2020 growing season of both the pivot irrigated and pasture. The water for the irrigated is provided by 2 irrigation wells with pumps via 2 Valley pivots. Pasture is fenced with 2 submersible wells. Offered in 3 parcels and 1 combo. SALE TERMS/PROCEDURE: The "KEN & DOROTHY MITCHELL LAND AUCTION" is a land auction with no reserve. Competitive bids will determine outcome of auction and the Seller to enter into a contract to purchase with the highest bidder(s). Property to be offered in 3 Parcels and 1 Combo. The parcels and combo will be offered in the sale order as stated within the brochure. The parcels and combo will compete to determine the highest aggregate bid(s). 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 CONTRACT: Immediately following the conclusion of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Contract to Buy and Sell Real Estate (Land) 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 detail brochure and oral announcements shall be incorporated and made a part of the contract. Sample contract is available within the detail brochure. 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 April 17, 2020. Closing to be conducted by Yuma County Abstract 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. 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 Contract to Buy and Sell Real Estate (Land). POSSESSION: Upon signing of contract and the earnest money clearing, Buyer(s) may enter onto the property and complete the necessary fieldwork to plant crops. Any completion of fieldwork and planting of crops does not constitute a farm lease. If Buyer(s) defaults and doesn’t close, all fieldwork, crop expenses, and earnest money is forfeited to Seller. If closing does not occur due to the default of Seller, Seller to reimburse Buyer(s) for fieldwork completed at custom rates and invoiced crop expenses. 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 & EQUIPMENT: Seller to convey all Seller's water rights, water wells, well permits, and equipment appurtenant to the property whether for irrigation or livestock use, including but not limited to the following: Well Permit #20998-FP and #17841-FP. The water rights are subject to the rules, regulations, and limitations of the Colorado Department of Water Resources and the local groundwater district. Water rights are being sold AS IS-WHERE IS without warranty or guarantee of any water right matters, pumping rates/adequacy of livestock/irrigation wells and condition of all irrigation equipment. Seller to provide list of irrigation equipment to be included and excluded. GROWING CROPS: No growing crops. FSA DETERMINATION: FSA base acres and yields to pass with the Parcels or Combo, 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. REAL ESTATE TAXES: 2020 real estate taxes due in 2021, to be paid by Buyer(s). LEGAL DESCRIPTION: Legal descriptions are subject to existing fence/field boundaries or land-use trades, if any. If the property sells in parcels and/or combo and a survey is required to create a metes and bounds legal description, Seller to provide and pay for said survey. Seller & Buyer(s) agree that closing may be extended up to 30 days if necessary to complete said survey. MINERALS: Seller shall reserve all oil, gas or other minerals, which the Seller owns and which are found on or beneath the subject premises, which reservation shall be for a period of 10 years from the recording of the deed and continuing so long as oil, gas or other minerals are being produced in paying quantities from the subject premises. NOXIOUS WEEDS & CHEMICALS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, canadian thistle, goat/Johnson grass, etc). The location of and the density of noxious weeds is unknown at this time. ACREAGES: All stated acreages in the initial 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. 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 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. 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 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 "KEN & DOROTHY MITCHELL 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. 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 Contract to Buy and Sell Real Estate (Land). For additional color photos visit the “KEN & DOROTHY MITCHELL LAND AUCTION” Visual Tour on our website: www.reckagri.com. COPYRIGHT NOTICE: Photographs, videos, 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.
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853.6 Acres of Pivot Irr & Grass to be sold without reserve @ The Ken & Dorothy Mitchell Land Auction – March 17, 2020 @ 1:30 PM, MT @ Yuma County Fairgrounds, Yuma, CO. The Mitchell family is offering 853.6 acres of Yuma County pivot irrigated and pasture for sale WITHOUT RESERVE at the Ken & Dorothy Mitchell Pivot Irrigated Land Auction. 260.3 acres ispivot irrigated and will be offered in parcels and 547.7 acres of pasture to be offered for sale as one parcel. The properties are located in West Central Yuma County, CO. From Yuma, CO, Parcel #1 is located 11 mi S, 1/2 mi E. From Yuma, CO, Parcels #2A & #2B is are located 12 mi S, 9 mi E, 1/2 to 1 mi S. Buyer(s) shall have possession for 2020 growing season of both the pivot irrigated and pasture. The water for the irrigated is provided by 2 irrigation wells with pumps via 2 Valley pivots. Pasture is fenced with 2 submersible wells. Offered in 3 parcels and 1 combo. LAND AUCTION KEN & DOROTHY MITCHELL Tuesday, March 17, 2020 1:30 PM, MT Yuma County Fairgrounds, Yuma, CO>

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Announcement: Information contained herein is presented on behalf of the seller. Reck Agri Realty & Auction, agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.