will be at the property site (Cochran Co.) on Tuesday,
February 19th from 10:00 am - 2:00 pm, to answer any
questions or show farmland for your convenience.
“Don’t Miss This Opportunity”
2,124.57 (+/-) Acres of Cultivated Farmland
Offered in Multi-Blocks Located in
Auction Will Be Conducted at the Mallet Event Center
WEDNESDAY, FEBRUARY 20, 2019 …. 1:30 pm
(Doors Will Open at 12:30 for early registration, questions, etc)
Charles Macha, Auctioneer #6911, (806) 893-7151
David Ehlers, RE Agent #0561585, (806) 548-4795
Stephens Realty, Broker
“Call Charles or David prior to auction to schedule viewing of property or questions.”
REAL ESTATE AUCTION TERMS & CONDITIONS
PROCEDURE: All Tracts will be offered in individual tracts, in any combination of
these tracts, or as a total unit per auction date and time. There will be open bidding
on all tracts and combinations during the auctions as determined by the Auctioneer.
Bids on tracts, tract combinations and the total property may compete. The property
will be sold in the manner resulting in the highest total sale price.
REGRISTRATION: Bids will be accepted only from registered bidders. Registration
begins at 12:30 pm at the Mallet Event Center in Levelland, Texas. Please bring
a driver's license for identification. Auction will begin at 1:30 pm.
BIDDING: The Auctioneer will determine all bid increments. All decisions by the
auctioneer regarding bid acceptance are final.
DOWN PAYMENT: 10% of the total contract purchase price will be due as a down payment
on the day of auction, with the balance due in cash at closing. The down payment
may be made in the form of cashier's check, personal check or corporate check. YOUR
BIDDING IS NOT CONDITIONAL UP FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING,
IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase
agreements at the auction site immediately following the close of the auction. The
auction bids are subject to the acceptance or rejection by the Seller.
DEED: Seller shall be obligated only to convey a merchantable title by individual
DEED and/or TRUSTEES DEED without warranty.
EVIDENCE OF TITLE: Seller agrees to make available to bidder, a preliminary title
insurance commitment to review prior to auction. The cost of title insurance, if
the buyer(s) elect to purchase the title insurance policy will be the responsibility
of the buyer(s). Seller agrees to provide merchantable title to the property subject
to matters of record, general conditions of title, and similar related matters. All
tracts sold "AS-IS".
CLOSING: The closing shall take place 30 days after the auction or as soon thereafter
as applicable closing documents are completed by Seller.
POSSESSION: Possession of the land shall be at closing or as soon thereafter as
current lease agreements expire and 2018 crops are harvested.
REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.
MINERALS: Seller specifically excepts and reserves all minerals, including without
limitation, oil, gas, coal, coal bed methane, and all other hydrocarbons, lignite,
and all metallic minerals, etc., if any, associated with the referenced real estate,
and the term "Property" will not include any mineral rights.
WIND RIGHTS: The Seller specially reserves 50% of all wind rights.
ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on
current legal descriptions.
AGENCY: Stephens Realty and Quality Auctioneers, 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 Quality Auctioneers. All sketches and dimensions in the
brochure to approximate. Each potential bidder is responsible for conducting his
or her own independent inspections, investigations, inquires, 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 assured 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 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.
NEW DATE, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time
to inspect any changes or additions to the property information.
SELLER: Daniel and Renee Silhan
Now is the TIME to buy “DIRT”.
Call Charlie or David
for details or to schedule a tour of this cultivated farmland that will
be offered in multi-blocks at auction on February 20th at the