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LAND AUCTION - 480+/- ACRES IN 3 TRACTS IN STEELE COUNTY, NORTH DAKOTA
Thu, Sep 19, 10:00 AM
Steele County - North Dakota

Owner: Red River Trust

SOLD FOR $1,179,350

• 480+/- Acres in 3 Tracts • Mostly Tillable • Productive Soils • Grassland • 430+/- Cropland Acres per FSA • Investment Potential • 10+/- Miles South of Finley • 45+/- Miles Southwest of Grand Forks • 50+/- Miles Northwest of Fargo • Bid on an individual tract or any combination of tracts! • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.

OPEN HOUSE/INSPECTION DATES
Wednesday, September 11 from 9-11am
Meet a Schrader/Steffes Representative at Goodness Cafe in Hope, North Dakota with any questions about the property.

PROPERTY LOCATION
From the intersection of State Route 32 and County Highway 8A, 8+/- miles south of Finley, ND, travel east on County Highway 8A 3+/- miles to a farm road marked with an Auction sign. Turn south and travel 1/2 mile to the property.

AUCTION LOCATION
Hope American Legion, 204 Steele Avenue, Hope, ND 58046. From Intersection of State Route 38 and Steele Avenue, on the west side of Hope, travel east on Steele Avenue over the railroad tracks into town. Auction is one block past the tracks on the south side of the street.

TRACT DESCRIPTIONS
Tract 1: 160± ac mostly all tillable, with approximately 157 acres tillable. Mostly Hamerly-Tonka and Harmerly-Wyard soils.
SEC 13-145-056 SW/4. 2018 taxes of $1,502.65
Tract 2: 160± ac with approximately 127 acres tillable and balance in grassland. Mostly Binford-Coe and Barnes-Buse soils.
SEC 13-145-056 NW/4. 2018 taxes: $1,222.34
UPDATE: this property does not include any CRP land.
Tract 3: 160± ac mostly tillable, with approximately 146 acres tillable. Mostly Binford­-Coe and Barnes­-Buse soils.
SEC 12-145-056 SW/4 2018 taxes: $1,064.66


SOIL INFORMATION

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PROCEDURE: The Properties will be offered in 3 individual tracts, any combination of tracts, and as a total 480+/- acres. There will be open bidding on tracts, combinations, and the whole during the auction as determined by the Auctioneer. Bids on tracts, combinations of tracts and the total property may compete.

BUYERS PREMIUM: A Buyers Premium of 3% will be charged to the Buyer. The Buyers Premium shall be added to the high bids to obtain the Total Contract Purchase Price.

DOWN PAYMENT: 10% down payment on the day of auction. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: All final bid prices are subject to the Sellers acceptance or rejection. All successful bidders will be required to sign Purchase Agreements at the auction site immediately following the close of the auction. The form Purchase Agreement is available for your inspection.

DEED: Seller shall provide a limited warranty deed or equivalent deed sufficient to convey insurable title to the real estate. Real estate is sold subject to all rights of way, legal highways, leases, easements of public record, and all other matters of public record.

EVIDENCE OF TITLE: Seller will provide a preliminary title insurance commitment to review prior to auction. At closing the cost of issuing the owners title policy shall be shared equally (50:50) by Buyer and Seller.

CLOSING: The balance of the purchase price is due at closing, which will take place 30 days after the auction, or as soon thereafter as applicable closing documents are prepared by the Seller. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs relative to the Buyer securing a mortgage and lenders title insurance policy shall be paid by the Buyer(s).

POSSESSION: Possession is at closing subject to the tenants rights. Seller to retain all 2019 farm rent.

REAL ESTATE TAXES: Buyer shall assume 2020 calendar year taxes due in 2021.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction or where Seller otherwise determines a survey is appropriate. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. Combination purchases will receive a perimeter survey only. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller and Auction Company disclaim any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

EASEMENTS: Subject to any and all existing easements.

AGENCY: Schrader Real Estate & Auction Company, Inc., Steffes Group, Inc. and their representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. Your bid is based soley on your inspection. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.