buyer s PROSPECTUS 2016 Thursday, November 10 @ 10AM acres offered in 11 tracts View Exclusive Property Video SteffesGroup.com or scan the code! Cavalier Co., ND Fremont Township Auction Location American Legion 306 10th St, Walhalla, ND 58282 Land Located NW of Walhalla, ND Land Auction This is a rare opportunity for a farmer or investor to purchase a large quantity of land located in a single township where much of the land has been closely held among families for decades. 1,176.68+/- acres to be sold in 11 tracts highlighted by 971+/- cropland/tillable acres. Join us for this land auction event at the American Legion in Walhalla, ND! Wayne & Roxanne Gapp, Owners Contact Max Steffes 701.237.9173 701.212.2849 Tract 3 Tract 4 Tract 7 2000 Main Avenue East, West Fargo, ND 58078 Scott Steffes ND81, Brad Olstad ND319, Max Steffes ND999 SteffesGroup.com TERMS: 10% down upon signing purchase agreement with balance due at closing in 30 days.
TERMS & CONDITIONS. All bidders must register their name, address, and telephone number in order to receive a bidding number. Auction staff will be at the sale site approximately one hour prior to sale time. The successful bidder will be required to sign an Earnest Money Receipt and Purchase Agreement at the close of the real estate auction. A total deposit of 10% of the purchase price will be required. Those funds will be placed in the Steffes Group Auction Trust Account as good faith money until closing. Purchasers who are unable to close because of insufficient funds will be in default and the deposit money will be forfeited. Balance of the purchase price must be paid in full with cashier s check at closing on or before Friday, December 16, 2016. Seller will provide up-to date abstracts at their expense and will convey property by Warranty Deed. 2016 taxes to be paid by seller. Subsequent taxes and or special assessments, if any, to be paid by buyer. Real Estate Taxes are subject to reassessment under new owner. Closing Agent Fee will be shared equally between Buyer and Seller. All bidding will be on a per tract basis. We will not have per acre bidding. All tracts will be offered on an individual basis. At the conclusion of the first round of bidding a recess will be taken. Bidding will then be reopened (at the last bid received) and all tracts will be offered again. The bidding will continue at the auctioneer s discretion. Our goal is to realize the highest return to the seller, and to satisfy all interested parties by allowing bidders who are interested in one tract to have the same opportunity as multi-tract buyers. Please note the bidding will not close and property will not be sold until everyone has had the opportunity to make his or her highest and best bid. The auction sale is for registered bidders and their guests. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, natural origin, or handicap. THE PROPERTY WILL BE SOLD AS IS WITH NO WARRANTIES EXPRESSED OR IMPLIED. PROPERTY SOLD WITHOUT WARRANTY All dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents. The property will be sold AS IS and without any warranties or representations, express or implied. CRP CONTRACTS Buyer(s) agree to follow all requirements of conservation plans and practices required by the FSA & NRCS to maintain eligibility in the Conservation Reserve Program. Buyer(s) agree to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer(s) further agree to indemnify and hold harmless the sellers/tenant for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. SUCCESSFUL BIDDER The successful bidder of the property shall be determined by competitive bidding. Should any dispute arise between bidders, the auctioneer shall have the right to make the final decision to either determine the successful bidder or to re-offer the property that is in dispute. The auction will be recorded and the auctioneer s records shall be conclusive in all respects. The Terms and Conditions of Sale are set forth upon this page in this Buyer s Prospectus and the Earnest Money Receipt and Purchase Agreement. The information set forth is believed to be accurate. However, the owner of the properties and Steffes Group make no warranties or guaranties expressed or implied. Information contained in this document was collected from sources deemed to be reliable and is true and correct to the best of the writer s knowledge. Auctioneers and owners will not be held responsible for advertising discrepancies or inaccuracies. All ANNOUNCEMENTS ON AUCTION DAY TAKE PRECEDENCE OVER PREVIOUSLY ADVERTISED INFORMATION. Prospective buyers are advised to consult with an attorney of their choice with respect to the purchase of any real property including but not limited to, seeking legal advice from their own attorney regarding disclosures and disclaimers set forth below. 2 CLOSING The successful bidder will be required, at the close of the auction, to complete the Earnest Money Receipt and Purchase Agreement. A sample contract is included in this Prospectus. Balance of the purchase price is due in cash at closing on or before Friday, December 16, 2016. Closing will take place at a professional closing company mutually agreeable to both Buyer & Seller. SELLER S PERFORMANCE The Seller has agreed to the terms of the sale as published. However, the Broker and Auctioneer make no warranties or guaranties as to the Seller s performance. AGENCY DISCLOSURE Steffes Group, Inc. is representing the Seller. POSSESSION Possession will be at closing unless otherwise agreed to in writing and agreeable by buyer and seller. MINERAL RIGHTS All mineral rights, if any, held by Seller will be transferred upon closing. However, the Seller does not warrant the amount or adequacy of the mineral rights. ENVIRONMENTAL DISCLAIMER The Seller, Broker and Auctioneers do not warrant with respect to the existence or nonexistence of any pollutants, contaminants or hazardous waste prohibited by federal, state or local law. Buyer is responsible for inspection of the property prior to purchase for conditions including but not limited to water quality, and environmental conditions that may affect the usability or value of the property. No warranties are made as to the existence or nonexistence of water wells on the property, or the condition of any wells. EASEMENTS AND SURVEY The property to be sold is subject to any restrictive covenants or easements of record and any results that an accurate survey may show. BIDDING PROCEDURE As a buyer you have two objectives to accomplish: 1. Purchasing the property. 2. Purchasing the property at a price you can afford. How is this accomplished? 1. Estimate comparative value. 2. Experienced buyers always decide what to pay before the bidding begins. 3. Inspect the property carefully. 4. Compare with other properties available in the area. 5. Check the selling price of previously sold properties. 6. Discuss your buying plans with a lender. Have your financing arrangements made in advance. 7. This sale is not subject to financing. AVOID OVER OR UNDER BIDDING Always bid on a property toward a price. Establish that price before the bidding begins. By doing this you will avoid getting caught up in the auction excitement and pay a price that is too high for the market or one that you cannot afford. It will also make you confident to bid to your established fair market value. Many bidders who do not plan ahead end up with regrets after the auction because they were too nervous or uncertain about their judgment to bid. THE BIDDING STRATEGY Research and know the value of the property. Have your financing arranged before the auction. Establish your highest and best bid before the bidding begins. Make your bids promptly to force other bidders up or out without delay.
Sample Multi-Tract Bidding Grid. Please note the bidding will not close and property will not be sold until everyone has had the opportunity to make his or her highest and best bid. The numbers on the sample grid do not reflect any expected value on the tracts we are selling. All tracts will be offered on an individual basis. At the conclusion of the first round of bidding a recess will be taken. Bidding will then be reopened (at the last bid received) and all tracts will again be offered. The bidding will continue at the auctioneer s discretion. Our goal is to realize the highest return to the seller, and to satisfy all interested parties by allowing bidders who are interested in one tract to have the same opportunity as multi-tract buyers. All bidding will be on a per tract basis. We will not have per acre bidding. This is an AUCTION! To the Highest Bidder. The bidding will not close and property will not be sold until everyone has had the opportunity to make his or her highest and best bid. PLEASE NOTE THIS IS A SAMPLE MULTI-TRACT BIDDING GRID AND DOES NOT REPRESENT THIS AUCTION SALE! TRACT NUMBER ROUND 1 BIDDER ROUND 2 BIDDER ROUND 3 BIDDER 1 $168,000 8 $168,000 8 $168,000 8 SOLD 2 $140,000 7 $140,000 7 $140,000 7 SOLD 3 $152,000 8 $153,500 13 $163,500 13 SOLD T1 T2 108th St 32 T6 107th St 55 T3 T4 T5 T8 T9 T10 123rd Ave NE 123rd Ave NE T7 55 View Exclusive Property Video at SteffesGroup.com or scan the code! Walhalla 32 32 T11 3 32
Plat Map Lines approximate Cavalier County, ND T1 T2 T6 T3 T4 T5 T7 T8 T9 T10 T11
Tract 1 Tract 1: Description: NW ¼ Section 5-163-57 Deeded Acres: 153.24+/- Cropland Acres: 124+/- Wooded Acres: 26+/- Soil Productivity Index: 75 Taxes (2015): $978.47 Tract Note: Predominately cropland with some mature trees on the far E and SW corner. Located directly off of a well-maintained road with multiple access points. T1 55 T2 Lines approximate T3 108th St T4 T5 T8 T6 T9 T10 123rd Ave NE 123rd Ave NE 107th St T7 ² 31 5.25 ommon Land Unit u_classification_code Cropland &- &- Non-Cropland Tract Boundary PLSS 1 119.54 NHEL 28 28T 1 9.15 2 115.09 etland Determination Restricted 1 #*&- Tract #1 Limited 119.54 Exempt ") NHEL from Conservation Compliance Provisions 26 ited States Department of Agriculture (USDA) Farm Service Agency (FSA) maps are for FSA P wnership; rather it depicts the information provided directly from the producer 25.23 and/or National Ag sumes all risks associated with its use. USDA-FSA assumes no responsibility for actual or con ograms. Wetland identifiers do not represent the size, shape, or specific determination of the a undaries and determinations or contact USDA Natural Resources Conservation Service (NRCS 31 5.25 Cavalier County, ND 9.15 T2 T T11 Wetland Determination Restricted #*&- Limited Exempt from Conservation ") Compliance Provisions Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index F143A Barnes Svea loams, 0 to 3 percent slopes 31.59 25.5% IIc 85 F512A Rolette clay loam, 0 to 3 percent slopes 30.90 24.9% IIs 84 F110A Suomi, moist Kelvin complex, 0 to 3 percent slopes 21.97 17.7% IIs 86 G582B Mekinock Edgeley loams, 0 to 6 percent slopes 12.64 10.2% VIs 49 I498A Hattie clay, 0 to 2 percent slopes 11.10 9.0% IIs 84 F12A Vallers, saline Parnell complex, 0 to 1 percent slopes 6.72 5.4% IVw 31 F3A Parnell silty clay loam, 0 to 1 percent slopes 4.61 3.7% Vw 25 F143B Barnes Svea loams, 3 to 6 percent slopes 2.48 2.0% IIe 75 F590F Olga silty clay loam, wooded, 15 to 35 percent slopes 1.10 0.9% VIIe 33 F512B Rolette clay loam, 3 to 6 percent slopes 0.89 0.7% IIe 81 Weighted Average 75.3 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 5
Tract 2 Tract 2: Description: NE ¼ Section 5-163-57 Deeded Acres: 150.44+/- Cropland Acres: 110+/- Wooded Acres: 40+/- Soil Productivity Index: 82 Taxes (2015): $959.68 Tract Note: Productive Rolette clay loam cropland in addition to a heavily wooded area on the N end of the tract offering habitat for deer and other wildlife. Located directly off of a well maintained road. T1 55 T2 Lines approximate T3 108th St T4 T5 T8 T6 T9 T10 T11 123rd Ave NE 123rd Ave NE 107th St 1 4 L 28 28T 1297 9.15 26 2 115.09 9.15 T1 T 1297 2 115.09 NHEL 27 32.8 0 315 630 1,260 F 2016 Program Y Map Created January 20, Farm 96 S32 T164N R57 (FSA) maps are for FSA Program administration only. This map does not represent a legal survey or reflect a oducer 25.23 and/or National Agricultural Imagery Program (NAIP) imagery. The producer accepts the data 'as is' T7 onsibility for actual or consequential damage incurred as a result of any user's reliance on this data outside F cific determination of the area. Refer to your original determination (CPA-026 and attached maps) for exact nservation Service (NRCS). 27 Tract #2 &- Cavalier County, ND 32.8 25 4.71 Wetland Determination #*&- Restricted Limited Exempt from Conservation ") Compliance Provisions Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index F512A Rolette clay loam, 0 to 3 percent slopes 87.37 79.4% IIs 84 F512B Rolette clay loam, 3 to 6 percent slopes 15.01 13.6% IIe 81 F110A Suomi, moist Kelvin complex, 0 to 3 percent slopes 4.68 4.3% IIs 86 F3A Parnell silty clay loam, 0 to 1 percent slopes 3.00 2.7% Vw 25 Weighted Average 82.1 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 6
Tract 3 Lines approximate T 12859 Cavalier County, ND Tract 3: Description: W ½ SW ¼ & NE ¼ SW ¼ Section 9-163-57 Deeded Acres: 120+/- Cropland Acres: 103+/- Soil Productivity Index: 80 Taxes (2015): $957.62 1 9.55 NHEL Tract Note: Made up of mostly Rolette clay loam. Located off of a well-maintained road. Tract #3 T1 55 T2 T4 T5 T3 108th St T6 107th St T8 T9 T10 123rd Ave NE 123rd Ave NE T7 T 12859 2 102.87 NHEL T11 ² Wetland Determination Restricted #*&- Limited Exempt from Conservation ") Compliance Provisions Well (closed) Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index F512A Rolette clay loam, 0 to 3 percent slopes 57.32 55.7% IIs 84 F512B Rolette clay loam, 3 to 6 percent slopes 26.94 26.2% IIe 81 I498A Hattie clay, 0 to 2 percent slopes 7.12 6.9% IIs 84 F302A Vang loam, 0 to 2 percent slopes 4.32 4.2% IIs 63 F594D Olga silty clay loam, 9 to 15 percent slopes 3.57 3.5% IVe 53 F203B Waukon loam, 3 to 6 percent slopes 2.89 2.8% IIe 76 F590F Olga silty clay loam, wooded, 15 to 35 percent slopes 0.71 0.7% VIIe 33 Weighted Average 80.7 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 7
Tract 4 Lines approximate Cavalier County, ND Tract 4: Description: NE ¼ Less 54 AC Section 9-163-57 Deeded Acres: 106+/- Cropland Acres: 95.61+/- Soil Productivity Index: 73 Taxes (2015): $787.43 Tract Note: Predominate soil types include Rolette clay loam & Hamar loamy fine sand. T1 T2 108th St 1 42.48 HEL Tract #4 4 5.56 T 756 T5 55 T4 T5 T3 T8 T9 T10 T6 107th St 123rd Ave NE 123rd Ave NE T7 T 756 2 53.13 NHEL 3 77.43 HEL T11 Wetland Determination Restricted #*&- Limited Exempt from Conservation ") Compliance Provisions 7 Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index I587A Rolette clay loam, 0 to 3 percent slopes 40.72 42.6% IIs 86 I359A Hamar loamy fine sand, 0 to 1 percent slopes 28.12 29.4% IVw 50 I587B Rolette clay loam, 3 to 6 percent slopes 25.95 27.1% IIe 80 I589F Olga silty clay loam, wooded, 15 to 35 percent slopes 0.57 0.6% VIIe 34 F590F Olga silty clay loam, wooded, 15 to 35 percent slopes 0.25 0.3% VIIe 33 Weighted Average 73.3 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 8
Tract 4 Survey Cavalier County, ND Excluded Tract #4 Excluded Tract #4 9
Tract 5 Lines approximate Tract 5: Description: W ½ NW ¼ Section 10-163-57 Deeded Acres: 80+/- Cropland Acres: 77.43+/- Soil Productivity Index: 63 Taxes (2015): $502.20 Tract Note: Square and flat 80 with Averson loam and Hegne silty clay soils. Tract #5 Cavalier County, ND T1 55 T2 T4 T5 T3 108th St T6 T8 T9 T10 T11 123rd Ave NE 123rd Ave NE 107th St T7 1 42.48 HEL 2 53.13 NHEL T 756 T 756 3 77.43 HEL Wetland Determination #*&- Restricted Limited Exempt from Conservation ") Compliance Provisions Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index I309A Arveson loam, 0 to 1 percent slopes 35.84 46.3% IIw 60 I334A Hegne silty clay, moderately saline, 0 to 1 percent slopes 21.02 27.1% IIIs 49 I587A Rolette clay loam, 0 to 3 percent slopes 18.53 23.9% IIs 86 I359A Hamar loamy fine sand, 0 to 1 percent slopes 2.04 2.6% IVw 50 Weighted Average 63 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 10
Tract 6 Lines approximate Cavalier County, ND Tract 6: Description: S 924 of SE ¼ SE ¼ Section 3-163-57 Deeded Acres: 28+/- Cropland Acres: 16.61+/- Soil Productivity Index: 71 75 x 42 x 14 Morton Building 20 x 14 door Pole frame 200 Amp Service (6) 4,200 Bu. Grain Bins (2) Yorks w/ full floor air & fans Power Adjacent to Rural Water Line Taxes (2015): $207.93 Tract Note: Building site with power, machinery/grain storage, and a small amount of tillable acreage. This tract could be a suitable site to construct additional machinery/ grain storage or a residence. T1 55 T2 T3 108th St T4 T5 T8 T6 T9 T10 123rd Ave NE 123rd Ave NE 107th St T7 Tract #6 T 9886 1 6.5 NHEL 3 6.92 UHEL 2 3.19 UHEL &- Wetland Determination Restricted #*&- Limited Exempt from Conservation ") Compliance Provisions Well T11 Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index I293B Cashel silty clay, 0 to 6 percent slopes, occasionally flooded 6.55 39.4% IIe 78 I590B Vang Coe complex, 2 to 6 percent slopes 5.17 31.1% IIIe 56 I130A Hegne Fargo silty clays, 0 to 1 percent slopes 3.91 23.5% IIw 82 F393A Inkster loam, 0 to 2 percent slopes 0.98 5.9% IIe 72 Weighted Average 71.7 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 11
Tract 7 Lines approximate Tract 7: Description: S ½ NE ¼ & N ½ SE ¼ Section 11-163-57 Deeded Acres: 160+/- Cropland Acres: 152.77+/- Soil Productivity Index: 77 Taxes (2015): $1,898.76 Tract Note: Productive square and flat quarter with Cashel & Hegne-Fargo silty clay soils. 2 3.37 Tract #7 Cavalier County, ND T1 55 T2 T4 T5 T3 108th St T6 107th St T8 T9 T10 123rd Ave NE 123rd Ave NE T7 T 766 17 152.77 NHEL T11 Wetland Determination Restricted #*&- Limited Exempt from Conservation ") Compliance Provisions Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index I293B Cashel silty clay, 0 to 6 percent slopes, occasionally flooded 82.08 53.7% IIe 78 I130A Hegne Fargo silty clays, 0 to 1 percent slopes 60.03 39.3% IIw 82 I334A Hegne silty clay, moderately saline, 0 to 1 percent slopes 10.66 7.0% IIIs 49 Weighted Average 77.5 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 12
Tract 8 Tract 8: Description: S ½ NE ¼ Section 15-163-57 Deeded Acres: 80+/- Tillable Acres: 30+/- Pasture/Grassland Acres: 38+/- CRP Acres: 12+/- Est. Payment: $423+/- or $35.30/AC Expiration Date: 2021 Well: 25 D x 4 W with submersible pump Power Adjacent to Rural Water Line Taxes (2015): $197.67 Tract Note: Mixed use land with tillable acres, CRP, and lightly wooded low-lying grassland. This tract could be suitable for livestock, a site to build grain/ machinery storage, and or a hobby farm residence. Adjacent to a well-maintained road. T1 55 T2 Lines approximate T3 108th St T4 T5 T6 T8 T9 T10 123rd Ave NE 123rd Ave NE 107th St T7 5 27.3 HEL 22 7.97 HEL T 9299 T10 17 10.67 T 12179 T 9299 Tract #8 2 11.47 HEL Cavalier County, ND T 9299 CRP CRP 13 20.2 HEL 3 7.3 HEL Wetland Determination #*&- Restricted Limited Exempt from Conservation ") Compliance Provisions Well Septic Tank T11 21 49.27 HEL 15 0.8 30 51.53 T 9299 20 20.76 HEL 16 5.74 4 11.5 HEL Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index I362B Maddock Hecla loamy fine sands, 2 to 6 percent slopes 22.45 50.1% IVe 48 I359A Hamar loamy fine sand, 0 to 1 percent slopes 18.31 40.9% IVw 50 I362E Maddock loamy fine sand, 9 to 25 percent slopes 3.62 8.1% VIIe 22 I659A Binford sandy loam, 0 to 3 percent slopes 0.42 0.9% IIIe 45 Weighted Average 46.7 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 13
Tract 9 Lines approximate Tract 9: Description: PT OF S ½ SW ¼ Section 15-163-57 Deeded Acres: 59+/- Cropland Acres: 59.66+/- Soil Productivity Index: 51 Taxes (2015): $258.44 Tract Note: Predominate soils include Olga silty clay loam, Binford-Coe complex, and Inkster loam soils. Cavalier County, ND T8 T1 T2 108th St T6 107th St 55 T4 T5 T3 T8 T10 T9 123rd Ave NE 123rd Ave NE T7 Tract 23 #9 59.66 HEL T10 T11 Wetland Determination Restricted #*&- Limited Exempt from Conservation ") Compliance Provisions Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index F594D Olga silty clay loam, 9 to 15 percent slopes 13.46 22.6% IVe 53 F304A Binford Coe complex, 0 to 2 percent slopes 12.31 20.6% IIIe 40 F304C Coe Binford complex, 6 to 9 percent slopes 11.69 19.6% VIs 29 F393A Inkster loam, 0 to 2 percent slopes 8.38 14.0% IIe 72 I587B Rolette clay loam, 3 to 6 percent slopes 4.78 8.0% IIe 80 F512A Rolette clay loam, 0 to 3 percent slopes 4.18 7.0% IIs 84 F304B Binford Coe complex, 2 to 6 percent slopes 3.68 6.2% IIIe 38 F590F Olga silty clay loam, wooded, 15 to 35 percent slopes 1.02 1.7% VIIe 33 F512B Rolette clay loam, 3 to 6 percent slopes 0.16 0.3% IIe 81 Weighted Average 51.4 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 14
Tract 10 Lines approximate Tract 10: Description: SE ¼ Section 15-163-57 Deeded Acres: 160+/- Tillable Acres: 126+/- CRP Acres: 27+/- Est. Payment: $953 or $35.30/AC Expiration Date: 2021 Soil Productivity Index: 63 Taxes (2015): $854.44 Tract Note: Quarter adjacent to well-maintained road with Rolette clay loam and Maddock-Hecla/ Hamar loamy fine sand soils. T8 T 9299 Tract #10 2 11.47 HEL Cavalier County, ND CRP 13 20.2 HEL HEL T1 55 T2 T4 T5 T3 108th St T6 107th St T8 123rd Ave NE 123rd Ave NE T10 T9 T7 T9 21 49.27 HEL 15 0.8 30 51.53 NHEL T 9299 20 20.76 HEL 18 11.28 HEL 16 5.74 HEL 14 11.5 CRP T11 Wetland Determination Restricted #*&- Limited Exempt from Conservation ") Compliance Provisions Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index I587A Rolette clay loam, 0 to 3 percent slopes 56.83 38.7% IIs 86 I362B Maddock Hecla loamy fine sands, 2 to 6 percent slopes 36.86 25.1% IVe 48 I359A Hamar loamy fine sand, 0 to 1 percent slopes 16.74 11.4% IVw 50 I362E Maddock loamy fine sand, 9 to 25 percent slopes 14.33 9.8% VIIe 22 I587B Rolette clay loam, 3 to 6 percent slopes 12.13 8.3% IIe 80 I659A Binford sandy loam, 0 to 3 percent slopes 7.56 5.2% IIIe 45 F594D Olga silty clay loam, 9 to 15 percent slopes 2.26 1.5% IVe 53 Weighted Average 63 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 15
Tract 11 Lines approximate Cavalier County, ND Tract 11: Description: N ½ SW ¼ 27-163-57 Deeded Acres: 80+/- Cropland Acres: 76.01+/- Soil Productivity Index: 69 Taxes (2015): $524.57 Tract Note: Predominate soils include Rolette clay loam, Hattie clay, and Olga silty clay loam. Located ½ mile off of Hwy. 55. T1 T2 108th St T6 107th St 3 3.41 Tract #11 T 10388 55 T3 T4 T5 T8 T9 T10 123rd Ave NE 123rd Ave NE T7 1 76.01 NHEL 2 1.85 Wetland Determination #*&- Restricted Limited Exempt from Conservation ") Compliance Provisions T11 ² Area Symbol: ND019, Soil Area Version: 20 Code Soil Description Acres Percent of field PI Legend Non Irr Class *c Productivity Index F512B Rolette clay loam, 3 to 6 percent slopes 25.20 33.2% IIe 81 I498A Hattie clay, 0 to 2 percent slopes 20.72 27.3% IIs 84 F594D Olga silty clay loam, 9 to 15 percent slopes 13.31 17.5% IVe 53 F45A Colvin silty clay loam, 0 to 1 percent slopes 12.21 16.1% IVw 45 F512C Rolette silty clay loam, 6 to 9 percent slopes 2.63 3.5% IIIe 64 F591F Olga Kloten complex, wooded, 9 to 35 percent slopes 1.94 2.6% IVe 32 Weighted Average 69.3 Area Symbol: ND019, Soil Area Version: 20 *c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS. 16
Tax Statements Tract 1 17
Tax Statements Tract 1 18
Tax Statements Tract 2 19
Tax Statements Tract 2 20
Tax Statements Tract 3 21
Tax Statements Tract 4 22
Tax Statements Tract 5 23
Tax Statements Tract 6 24
Tax Statements Tract 7 25
Tax Statements Tract 8 26
Tax Statements Tract 9 27
Tax Statements Tract 10 28
Tax Statements Tract 11 29
Abbreviated 156 Farm Records Tract #6 30
Abbreviated 156 Farm Records Tract #11 31
Abbreviated 156 Farm Records Tract #7 32
Abbreviated 156 Farm Records Tract #1, 2 Tract #8, 9, 10 33
Abbreviated 156 Farm Records Tract #3 34
Abbreviated 156 Farm Records Tract #4, 5 35
CRP Contract Tract 8 & 10 36
Property Pictures Cavalier County, ND 37
Notes Cavalier County, ND
EARNEST MONEY RECEIPT & PURCHASE AGREEMENT EARNEST MONEY RECEIPT AND PURCHASE AGREEMENT SteffesGroup.com Date: Received of Whose address is SS # Phone # the sum of in the form of as earnest money and in part payment of the purchase of real estate sold by Auction and described as follows: This property the undersigned has this day sold to the BUYER for the sum of $ Earnest money hereinafter receipted for $ In Cash at Closing Balance to be paid as follows $ 1. Said deposit to be placed in the Steffes Group, Inc. Trust Account until closing, BUYERS default, or otherwise as agreed in writing by BUYER and SELLER. By this deposit BUYER acknowledges purchase of the real estate subject to Terms and Conditions of this contract, subject to the Terms and Conditions of the Buyer s Prospectus, and agrees to close as provided herein and therein. BUYER acknowledges and agrees that the amount of deposit is reasonable; that the parties have endeavored to fix a deposit approximating SELLER S damages upon BUYERS breach; that SELLER S actual damages upon BUYER S breach may be difficult or impossible to ascertain; that failure to close as provided in the above referenced documents will result in forfeiture of the deposit as liquidated damages; and that such forfeiture is a remedy in addition to SELLER S other remedies. 2. Prior to closing SELLER at SELLER S expense shall furnish BUYER an abstract updated to a current date showing good and marketable title. Zoning ordinances, building and use restrictions and reservations in federal patents and state deeds, existing tenancies, easements and public roads shall not be deemed encumbrances or defects. 3. If the SELLER S title is not insurable or free of defects and cannot be made so within sixty (60) days after notice containing a written statement of defects is delivered to SELLER, then said earnest money shall be refunded and all rights of the BUYER terminated, except that BUYER may waive defects and elect to purchase. However, if said sale is approved by the SELLER and the SELLER S title is marketable and the buyer for any reason fails, neglects, or refuses to complete purchase, and to make payment promptly as above set forth, then the SELLER shall be paid the earnest money so held in escrow as liquidated damages for such failure to consummate the purchase. Payment shall not constitute an election of remedies or prejudice SELLER S rights to pursue any and all other remedies against BUYER, included, but not limited to specific performance. Time is of the essence for all covenants and conditions in this entire agreement. 4. Neither the SELLER nor SELLER S AGENT make any representation of warranty whatsoever concerning the amount of real estate taxes or special assessments, which shall be assessed against the property subsequent to the date of purchase. 5. Minnesota Taxes: SELLER agrees to pay of the real estate taxes and installment of special assessments due and payable in BUYER agrees to pay of the real state taxes and installments and special assessments due and payable in SELLER warrants taxes for are Homestead, Non-Homestead. SELLER agrees to pay the Minnesota State Deed Tax. 6. North Dakota Taxes: 7. The property is to be conveyed by deed, free and clear of all encumbrances except special assessments, existing tenancies, easements, reservations and restrictions of record. 8. Closing of the sale is to be on or before Possession will be at closing. 9. This property is sold AS IS, WHERE IS, WITH ALL FAULTS. BUYER is responsible for inspection of the property prior to purchase for conditions including but not limited to water quality, seepage, septic and sewer operation and condition, radon gas, asbestos, presence of lead based paint, and any and all structural or environmental conditions that may affect the usability or value of the property. 10. The contract, together with the Terms and Conditions of the Buyer s Prospectus, contain the entire agreement and neither party has relied upon any oral or written representations, agreements, or understanding not set forth herein, whether made by agent or party hereto. This contract shall control with respect to any provisions that conflict with or are inconsistent with the Buyer s Prospectus or any announcements made at auction. 11. Other conditions: Subject to easements, reservations and restrictions of record, existing tenancies, public roads and matters that a survey may show. Seller and Seller s agent DO NOT MAKE ANY REPRESENTATIONS OR ANY WARRANTIES AS TO MINERAL RIGHTS, TOTAL ACREAGE, TILLABLE ACREAGE OR BOUNDARY LOCATION. 12: Any other conditions: 13. Steffes Group, Inc. stipulates they represent the SELLER in this transaction. Buyer: Seller: Steffes Group, Inc. Seller's Printed Name & Address:
Land Auction Cavalier Cty, ND 2016 Thursday, November 10 @ 10AM acres offered in 11 tracts View Exclusive Property Video SteffesGroup.com or scan the code! SteffesGroup.com