Cheyenne Wells, CO 80810 - Cheyenne County

AUCTION LOCATION:4-H BUILDING, CHEYENNE WELLS, COLO

LEGAL DESCRIPTION: All of Section 10-12-45

LAND LOCATION: From the intersection of Hwys 40 and 385 in Cheyenne Wells, Colorado, go 11 miles North on Hwy 385 to County Road CC, then 3 miles West, 2 miles North and 1 mile West to the SE corner of the property. SIGNS WILL BE POSTED!

MANNER OF SALE: This real estate will be offered in one tract. Auction procedure and increments of bidding are at the discretion of the auction company.

TERMS: Buyer will pay 10% down day of sale, with the balance to be paid on or before July 22, 2014, or upon such terms as may be acceptable to the Sellers. Personal and corporate checks are acceptable for the down payment with the final payment to be made in certified funds. All funds will be held by the auction company in their trust account or by an identified title/escrow company. Bidding is not contingent upon financing. Financing, if necessary, needs to be arranged and approved prior to the auction. All bids are subject to Sellers confirmation. Announcements made day of sale take precedence over printed material and previously made oral statements.

MINERAL RIGHTS: Mineral rights are subject to prior reservations of record, and all of the Sellers interest, if any, will transfer to the Buyer at closing.

CROPS: There are no growing crops.

FSA INFORMATION: Cropland acres 53.5+

Grassland & expired CRP acres w/country home 519.5+

CRP acres- 67.0

Base Acres DCP Yield

Corn 53.3 126

All FSA farm program payments associated with the 2014 crop year will be subject to the new Farm Bill provisions.

CRP INFORMATION: There are 67.0 acres currently enrolled in the CRP program through 9/30/14 at $33.65 per acre for a total annual payment of $2,254.55. Buyer will receive 100% of the 2014 CRP payment, which will accrue from October 1, 2013, through September 30, 2014.

CLOSING: On or before July 22, 2014.

POSSESSION: Date of closing.

REAL ESTATE TAXES: Sellers will pay taxes for 2013 and prior years. Taxes for 2014 will be prorated to the date of closing. (2013 taxes = $ 757.58)

ACREAGES: Acreage figures are considered to be approximate and are from reliable sources based on (USDA) FSA figures. All FSA information is subject to change, including but not limited to the number of cropland acres, grass acres, base acreages and yields. FSA acres may not be the same as deeded acres or county appraiser acres. Acreages are not covered by title insurance.

ACCEPTANCE OF BIDS: The successful bidders will be required to enter into a real estate purchase contract immediately following the auction. Copies of the contract will be available prior to the sale.

EVIDENCE OF TITLE: Sellers will provide title insurance to the Buyer(s) in the amount of the purchase price with the premium to be paid by the Sellers. Title evidence will be provided on sale day.

INSPECTIONS: Each potential bidder is responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither Sellers nor Farm & Ranch Realty, Inc., its agents or representatives, are making any warranties about the property, either expressed or implied.

EASEMENTS: This sale is subject to all rights-of-way and easements, whether recorded or not. There are no current oil and gas leases of record per Cheyenne County Abstract.

AGENCY: Farm & Ranch Realty, Inc., its agents and representatives, are the Exclusive Agents of the Sellers.

AUCTIONEERS NOTE: This is an excellent opportunity to buy a square section of grass with a nice set of improvements, boasting A DELUXE SPECIAL LITTLE HIDEAWAY HOUSE. This house is well built and features underground sprinklers in the yard. There is also a good 2,480 sq. ft. Behlen curvette machine shed plus a barn that can used for calving or horses.

There is one CRP payment remaining of $2,254 to be paid on or about October 1, 2014, that will go to the Buyer. Those acres can then be utilized with the pasture or broken out as cropland.

This property is located 11 miles north and 6 miles West of Cheyenne Wells. Access is good via Hwy 385 and good county roads.

CALL NEAL MANN FOR MORE INFORMATION FOR A TOUR OF THIS PROPERTY.