Tract 1

Ideally located on the corner of SH 86 and SH 214 in Parmer County, TX, this 316 +/- acre irrigated farm sits in a very productive market area. There are several dairies and commercial cattle feeding operations close by. The soil on this farm is primarily Olton clay loam 0% - 1% slopes. Irrigation water is provided by four submersible wells producing 300 gpm of water. The two 3,000 gallon fertilizer tanks, located at Well B and Well C will not convey with the farm. The north sprinkler is a 1995 JVC Model 2100 Sprinkler System that is nozzled for 300 gpm. The south sprinkler is a 2002 Valley Sprinkler System, also nozzled for 300 gpm. The current farmer operates one sprinkler at a time. The corners are in dryland cultivation. A Quonset barn is located on the west side of the property and will make good on-farm storage. This farm has great access with SH 86 on the north side, SH 214 on the west side, and CR Q on the south. 

Legal Description: W/2 of Section 18, T5S R4E Parmer County, Texas

INTERACTIVE BROCHURE

PROCEDURE:  This  315.597 +/- acres will be offered in one (1) tract.  Online bidding will take place beginning at 8:00 am CST Tuesday, November 9, 2021, and will “soft close” at 12:00 noon CST Thursday, November 11, 2021.  At 12:00 noon CST on Thursday, November 11, 2021, bidding will continue in five-minute increments until five minutes have passed with no new bids. 

BIDDER QUALIFICATION:  YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. Potential bidders must register to bid at this auction through our website at CliftLandAuctions.com. Your registration to bid must be approved by Clift Land Auctions before you can bid. You must agree to the auction terms and conditions during the registration process.

BUYERS PREMIUM: A five percent (5%) Buyer Premium is in effect on your purchase. The Buyer Premium will be added to the “Auction Price” to determine the “Sales Price” or “Contract Price”.

ACCEPTANCE OF BID PRICES:  This is an Absolute Auction. The successful bidder will sign a purchase agreement within two (2) hours of the close of the auction.  

DOWN PAYMENT: Ten percent (10%) down payment upon signing a purchase agreement The down payment may be paid in the form of personal check, business check, cashier’s check, or wire transfer. The remainder of the purchase price is payable in cash at closing. 

REAL ESTATE TAXES AND ASSESSMENTS: The Property Taxes will be prorated to the date of closing, and the Seller shall have paid all Property Taxes for prior years before closing. The Buyer will be responsible for any “rollback” in the property taxes. The Buyer will be responsible for all additional taxes imposed after the date of execution of the Special Warranty Deed by the Seller as a result of any change in use of any part of the subject property, the intent being that all such additional taxes shall be the responsibility of the Buyer and the Buyer’s heirs, personal representatives and assigns.

BROKER PARTICIPATION:   Contact the Auction office to obtain the broker participation guidelines.  

CLOSING:  Will take place on or before December 27, 2021, or as soon as applicable closing documents are completed. 

POSSESSION:  Possession will be given at closing and funding.

TITLE: Seller shall provide an Owner’s Policy of Title Insurance on the surface tract in the amount of the purchase price. Buyer will be responsible for all expenses related to acquiring a mortgagee’s title policy, if required. Seller shall execute a Special Warranty Deed conveying the surface estate to the Buyer.

PROPERTY CONDITION:  Property to be sold AS IS—WHERE IS and no warranty or representation, either express or implied, will be given to any bidder or Buyer.  Buyer shall release Seller of any and all liability.

EASEMENTS AND LEASES: Sale of the property is subject to any and all easements of record and any and all leases. 

SURVEY:  Seller will not pay for the cost of a survey of the property unless required to provide Title Commitment.

MINERAL RIGHTS:  All mineral rights owned by the Seller shall convey.  Seller shall reserve 60% of the wind royalty rights, including any extension of the existing lease agreement.

AGENCY:  Clift Land Auctions, LP and Clift Land Brokers and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in the promotion and advertisement of this auction is believed to be accurate, but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller, the broker, the auction company, or any of their respective representatives. All sketches and dimensions are approximate.  All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. Bidders should complete this due diligence prior to bidding on this auction. Increments in bidding are at the direction and discretion of the auction company. The seller, broker, and auction company 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 auction company are final. Online bidding will be available on our website for this Auction. If you need assistance in registering to bid on our website, please call our office at 800.299.5263. In accepting the terms and conditions for the use of our website, you agree to not hold Clift Land Auctions, LP, Clift Land Brokers, our affiliates, or our representatives responsible or liable for the functionality of the bidding platform. Problems in placing bids on the online bidding platform could be caused by internet connections, human error, wireless connections, etc. If you have trouble placing your online bid, immediately call Brady Cowan at (940) 733-9608 for assistance in placing your bid.