Pease Ranch Inc. 6079+- Acres

Auction Location: Richland County Event Center - Sidney, Montana

Auction Date: Wednesday August 14 th 2019

Auction Time: 2 p.m. mountain time

Preview: Tracts can be viewed at your convenience. Tract number signs have been posted on all tracts.  To preview buildings, home, and irrigation equipment on Tract 3 call for appointment.  877-243-6691

Tract 1: 639.4 +- Acres  with approximately 581.5+- Productive Tillable Acres, grain storage and 2 reservoirs. 

Tract 2: 641.93 +- Acres  with approximately 478.13 +- Tillable acres, water well and fenced for livestock 

Tract 3: 1943.05 +- Acres plus 640 acres State of Montana lease with 851+- Tillable acres includes many amenities including 2 irrigation reservoirs one of which is a 30+- acres, 8 water wells pumping into the irrigation reservoir, 224.11 +- acres under 2 irrigation pivots, 104.91 acres flood irrigated, 107.3 acre feet water commercial water marketing rights and water depot water is supplied from 2 fox hills wells,  water treatment building, cattle working facilities, 900 +- head feedlot with 2200 feet of bunk space, shelter belts, scale facility for both livestock and feed weights, grain storage, 3-Silage pits, Two homes, machine storage, barns and fenced for livestock.  First water rights to the North Fork of Red water creek. 
Great hunting opportunities on this tract attracting white tailed deer, mule deer,  pheasant and other upland game birds. 
Minus 20 acres with  1 home,  newer shop  that are not included in this tract.  

Tract 4: 613.49 +- Acres with 528 +- Tillable Acres. Fenced for livestock. Stock dam/irrigation diversion.

Tract 5: 642.76 +- Acres  with 362.17 +- Tillable Acres, water well and fenced for livestock. 2 stock dams. Approx. 2638.00/annual income from oil location site/pipeline.

Tract 6: 638.92 +- Acres with 392.27 +- Tillable Acres, stock dam and fenced for livestock 

Tract 7: 639.97 +- Acres with 300.61+- Tillable Acres , water well , stock dam and fenced for livestock. Homestead site. $1000/annual income from oil location site. 

Tract 8: 320.29 +- Acres with 122.81 +- Tillable Acres and fenced for livestock with water well.

In order to settle the corporation Tracts 9-15 have been removed from the auction. 

Tract 9: Removed from Auction 640.8 +- Acres

Tract 10: Removed from Auction 642.61 +- Acres

Tract 11: Removed from Auction 642.27 +- Acres

Tract 12: Removed from Auction 320.84 +- Acres

Tract 13: Removed from Auction 642.67 +- Acres

Tract 14: Removed from Auction 642.91 +- Acres

Tract 15: Removed from Auction 642.07 +- Acres

To be offered in individual tracts, combinations and its entirety at a live simulcast multi parcel auction event. 

Informational Seminar: Tuesday August 13 th 5 p.m. - Richland County Event Center - Sidney, Montana
This will be an opportunity to ask questions about the property, visit with auction reps and learn how to bid at a multi parcel land auction. 

Thank you for participating in today’s auction. The auction will be conducted by Kinsey Auctioneers & Real Estate, LLC on behalf of the owner of the real estate (the “Seller”). The real estate offered for sale at auction (the “Real Estate”) is fully described in the Contract for Purchase and Sale, a copy of which is available for inspection from Kinsey Auctioneers & Real Estate, LLC. 

1. Any person who registers or bids at this Auction (the “Bidder”) agrees to be bound by these Terms and Conditions, the auction announcements, and the Contract for Purchase and Sale.
2. Procedure: The property will be offered in 8 individual tracts, any combinations of tracts and as its entirety. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. The auction will be offered in individual tracts, combinations of tracts, and as a whole.
3. BUYER’S PREMIUM: A 5% buyers premium added to the final bid price will be the contract price. Example: If property sells for $100,000 x 5% buyers premium the contract price would be $105,000.
4. DOWN PAYMENT: 10% earnest money in form of cash, cashier’s check, or personal check. due at the end of auction. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have financing if needed, and are capable of paying cash at closing.
5. Preview: Tracts can be viewed at your convenience. Tract number signs have been posted on all tracts.  To preview buildings, home, and irrigation equipment on Tract 3 call for appointment.  877-243-6691
6. CLOSING: Balance to be paid at closing within 45 days of the end date of the auction or soon after as closing papers become available at Richland County Title, Inc., 1050 South Central Avenue Sidney, Montana. 
7. AS-IS, WHERE IS: Terms are "cash, as is, where-is. "Financing is allowed, but there are no financing contingencies and all financing must be in place prior to the closing date. The down payment monies will be deposited into escrow account and credited to Buyer at closing.
8. Property sells AS-IS with no contingencies.
9. CROPS RETAINED: All 2019 crops will be retained by seller. 
10. Closing costs:  Seller will pay any and all settlement fees and expenses, including , without being limited to, title searches, title insurance charges. 
11. If Buyer fails to close per terms of contract, the deposit is non-refundable. 
12. AUCTION BIDDER DEFAULT: Successful bidder not executing and returning the contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default. In the event a winning bidder fails to submit the signed Contract for Sale of Real Estate and 10% earnest money deposit, the winning bidder will be charged a penalty fee of $5,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Kinsey Auctioneers & Real Estate, LLC. and the Seller as provided in the Auction Terms and Conditions and the Contract for Sale of Real Estate. Kinsey Auctioneers & Real Estate reserves the right to sell to the second-highest bidder in the event the successful high bidder does not comply with the terms of the sale. Any dispute between Kinsey Auctioneers & Real Estate, its Agents or Representatives and the Buyer(s) will be tried in a court of jurisdiction in Fallon County, Montana. By bidding on the property, buyer agrees to all terms and conditions set forth 
13. POSSESSION:  November 1st 2019 with the exception of  Tract 3. Possession on Tract 3 will be March 15 , 2020. Stur-D working tub and squeeze chute will transfer with tract 3. 
14. Existing mined scoria that is stock piled on Tract 7 does not transfer to buyer. Any reclamation required by DEQ for existing scoria pit(s) will be at the seller’s expense.
15. DISCLOSURE: No mineral rights transfer with real estate. 
16. Property sells as-is. 
17. An Owners Policy from Richland County Title, Inc. will be provided at Seller’s expense giving marketable title subject to restrictions of record. 
18. DEED: Seller shall provide a warranty deed. 
19. TAXES: Taxes pro-rated through the date of closing. 
20. All information in this brochure was derived from sources believed correct, but is not guaranteed.
21. Buyers shall rely entirely on their own information, judgment, and inspection of property and record.
22. Auctioneer and assistants are seller’s agent.
23. Auction will be conducted at a Live Multi Parcel  Auction.
24. 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. Further, Seller disclaims any and all responsibility for Bidder’s 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. 
25. ACREAGE: All tract acreage, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photo maps. 
26. 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. 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. The type of survey performed shall be at the Seller’s option and sufficient for providing title insurance. 
27. 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. Induct 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 person’s credentials, fitness, etc. All decisions of the Auctioneer are final.  ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
28. Property sells subject to seller confirmation.  A 1031 exchange to be utilized in the sale of this property. 
29. Property Information Packet will be available online. If you have questions about the property call  Kinsey Auctioneers & Real Estate, LLC office telephone 877-243-6691.
30. Auctioneers reserve the right to remove any or all tracts from the auction at any time.