5 Parcels - Frontier County, NE

PROCEDURES

Real Estate Seller Reserve Auction for Pursel Farms, Inc. The property will be offered in 5 parcels with no combinations. The Purchase Agreement and Title Insurance Commitment are available from Agri Affiliates prior to the auction.

TERMS & CONDITIONS

Terms - This cash sale requires a 15% earnest deposit at signing of the Purchase Agreement immediately following the Auction. The balance of the purchase price is payable in certified funds at Closing, on or before December 29, 2020 & January 15, 2021 There is no contingency for financing. Sellers to convey title by Warranty Deed; with Title Insurance evidencing merchantable title. Cost of Title Insurance and an Insured Closing by the Title Company will be shared 50/50 by Seller/Buyer. Property sells subject to easements, rights-of-way, zoning, and restrictions of record; Free and clear of all liens.  The property sells in “as-is” condition; No warranty is expressed or implied as to the adequacy of any portion of the property. Auction conducted as a Seller Reserve Auction.

Possession - Full possession at Closing, subject to a Building Lease on Parcel 4-expiring 2/28/2021, and a Farm Lease on Parcel 1, 2, 4 and 5-expiring 2/28/2021.

Taxes - Seller to pay 2020 real estate taxes. Buyer to pay all 2021 taxes.

Minerals - All owned oil, gas, and mineral rights pass to Buyer. 

Acreages - No warranty is expressed or implied as to exact acres included in the parcel. Legal description is subject to existing fence and field boundaries.

Internet Online Bidding - Bidding online will be offered to buyers. To qualify as an online bidder you must first complete a required phone interview with Agri Affiliates and provide bank reference information if requested. Buyer will set up bidder account, user name and password in the online bidder platform. Your final approval as a bidder must be completed 48 hours prior to the Auction.