B.J. MURDOCK REVOCABLE TRUST AUCTION

Property Description

1280± Deeded acres of farmland and CRP  

Legal: S2 Section 27, All Section 34, S2 Section 35, Township 19 South, Range 44 West

TERMS AND CONDITIONS

Bidding to open:  September 18, 2024 @ 8AM MTN and shall not end prior to September 25, 2024 @ 2PM MTN with soft close. Register to bid at

https://rockingxland.hibid.com/auctions

 Auctioneer recommends registering prior to open of bidding.

Terms of Sale: 10% down at conclusion of auction, with the balance to be paid on or before October 23, 2024. Cashier’s check or wire checks are acceptable down payment with the final payment to be certified funds. All funds will be held by the auction company trust account. Bidding shall not be contingent upon financing. Should financing be required it shall be arranged prior to auction. Winning bids shall be subject to the seller’s acceptance.

No Buyer (s) Premium

Manner of Sale: Tract will be auctioned individually only. Auction procedure and increments of bidding to be determined by auction company. Soft close at conclusion of auction.

Mineral Rights:  No minerals shall pass with surface rights

Closing: Buyer may close as soon as closing documents are prepared - No later than October 23, 2024.

Closing Agent: Kiowa County Abstract Co. shall be the closing agent, location of closing to be 1304 Goff, PO Box 128, Eads, CO. Closing fee shall be split 50/50.

Crops: 100% of the cropland is currently stubble. The past tenant has prepared to raise spring crops like he was farming it in 2025 and will be ready for spring planting. He would like to continue farming the cropland if an acceptable lease can be agreed upon with the new owner. The past lease was a crop share. Seller shall retain 100% of the 2024 CRP payments. Buyers shall receive 100% of 2025 and future payments. *(The current tenants’ inputs will be paid by the seller)

Possession: Upon closing.

Real Estate Taxes: Taxes for 2024 will be prorated to date of close.

Acceptance of Bids: Each successful bidder will be required to enter into a Colorado Real Estate Sales Contract immediately following the auction. Contract will be available for review prior to sale.

Evidence of Title: Seller will provide title insurance to the buyer in the amount of the purchase price. Premium to be paid by seller. Title evidence will be provided prior to sale. Title shall transfer with a special warranty deed

Acreages: Acreage figures are considered to be approximate and are from reliable sources based on County Assessed Acres.  All FSA information is subject to change. Assessed acres may not be the same as deeded acres.  No warranty is expressed or implied as to exact acreages of property.  All bids are for the tracts 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 on the auction website.

Inspections: All buyers (bidders) shall be responsible for conducting their own independent inspections and due diligence concerning pertinent facts about the property. Neither seller or Rocking X Land Co. Ltd., agents of, or representatives, are making any warranties about the property either expressed or implied. Statements, while not guaranteed, are from reliable sources.

Easements: This sale is subject to all rights of way and easements, whether recorded or not, and to oil and gas leases of record if any.

Estimated 2024 Taxes: $2,072.50 Property Tax

­­Agency: Rocking X Land Co. Ltd., its agents and representatives are the exclusive agents of the seller.

                                                                           REGISTER before AND BID AT WWW.ROCKINGXLAND.HIBID.COM                                                                                                                                   *All bidders must be approved by the auctioneer before the auction

Tract details

*Base acres calculated. FSA will make the final determination

TRACT #1         S2 Sec 27-T19S-R44W 320 AUCTION ACRES 163.6 AC           Cropland with a calculated Wheat base of 35.67ac and 26 BU PLC FSA office will determine final base, 144.92 AC CRP, $3,333 annual payment, expires 2030. Buyer shall receive 100% of 2025 and all future payments. 2023 Taxes $519.36

TRACT #2        All Sec. 34-T19S-R44W 640 AUCTION ACRES, 610.5 AC Cropland with a calculated Wheat base of 133.43 ac and 26 BU PLC FSA office will determine the final base. 2023 Taxes $1,038.7

The cropland (Wheat Stubble) has been sprayed this fall with Roundup, 2-4D, Dicamba, Tordon. Ready for spring crops

TRACT #3        S2 Sec. 35-T19S-R44W            317 AUCTION ACRES, 295.87 AC CRP, $8,737 annual payment, expires 2032. Buyer shall receive 100% of 2025 and all future payments. 2023 Taxes     $514.44

All tracts are subject to a current wind lease and easement (copy available with completion of NDA. High Bids shall be subject to the seller’s approval.