TERMS:

TERMS AND CONDITIONS

Terms of Sale: 10% down day of sale, with the balance to be paid on or before May 18, 2018. Personal and corporate checks are acceptable down payment with the final payment to be certified funds. All funds will be held by the auction company trust account. Biding shall not be contingent upon financing, should financing be required it shall be arranged prior to the auction.  Online Bids will be accepted with prior arrangements.

Manner of Sale: Tracts will be auctioned individually only and will not be combined. Auction procedure and increments of bidding to be determined by auction company. Announcements made the day of sale take precedence over printed material and previously made oral statements.

Mineral Rights:   100% of mineral rights owned shall pass to the buyer.

Crops:  100% of 2018 and all future CRP payments and, 2/3 of growing crop to the buyer, the buyer shall pay crop insurance premium prior to closing.

Closing: Buyer may close as soon as closing documents are prepared - No later than May 18, 2018

Closing Agent: Cheyenne County Abstract Co. shall be the closing agent, location of closing to be  Cheyenne Wells, CO.

Possession: Day of sale and deposit of earnest money for fallow ground and after 2018 wheat harvest or 100% crop loss and release by the insurance company. 2018 growing wheat subject to a lease.

Real Estate Taxes: Taxes for 2018 to be paid by buyer. 

Acceptance of Bids: Each successful bidder will be required to enter into a Colorado Real Estate Sales Contract immediately following the auction. The 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 the seller. Title evidence will be provided on sale day.

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 at the auction.

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.

Agency: Rocking X Land Co. Ltd., its agents, and representatives are the exclusive agents of the seller. No cooperation available for other agents.

Note* Seller reserves the right to accept offers on this property at any time prior to 4/11/2018.

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