DESCRIPTION: Good investment opportunity just over 1 mile west of Sudan on FM 298.  This large 383.9 +/- acre Conservation Reserve Program Tract has almost 1 mile of paved frontage.  With great accessibility this farm boasts mostly Amarillo fine sandy loam which is a soil that is well suited for non-irrigated crops such as cotton, wheat, and milo as well as a variety of native grasses.

LEGAL DESCRIPTION: Labors Twenty-one (21) and Twenty-two (22), League Two Hundred Seventeen (217), Crockett County School Lands, Lamb County, Texas.

Save and Except

2.87 acres out of the Southeast corner of Labor 21being further described by metes and bounds as follows:

BEGINNING at a 1/2 inch iron rod found for the Southeast corner, same being the Southeast corner of said League 217 and the Northeast corner of League 216;

THENCE N.84°04'04”W. 1005.09 feet along the South line of said League 216 to a point for the West corner;

THENCE along a curve to the left having a Chord Bearing of N.77°16'48”E., a Chord Distance of 925.32 feet and a Radius of 1432.47 feet to a point for a corner;

THENCE N.59°34'31”E. 151.23 feet to a point in the East line of said League 217, for the North corner;

THENCE S.4°57'19”W. 385.64 feet to the POINT OF BEGINNING and containing 2.87 acres of land, more or less.

TOPOGRAPHY: The farm is flat to gently sloping with areas that have a few terraces.  The farm in general slopes downward from the SW corner which is at 3840’ ASL toward the NE corner that is at 3796’ ASL with the slope gradual at first and increasing as you near the NE corner.

IMPROVEMENTS: There is an old homestead on the farm that is not in livable condition, and a Quonset barn at same location.  There was at one time a residential well located on property but current condition or viability of the well is unknown.

WATER FEATURES:  There are no significant water features on this property.

FENCING: There is no fencing on the property other than some remnants of an old hot wire fencing that was left by a tenant several years ago.

WILDLIFE, HUNTING AND RECREATION: This farm is located in area that has good quail, dove and mule deer hunting.

SOIL: Soils on Farm are predominantly classified as Amarillo fine sandy loam with some Randall Clay in small playa area in SW part of tract.

USDA INFO: The tract is currently enrolled in the USDA Conservation Reserve Program (CRP) with a Contract period of 10-01-2020 thru 09-30-30.  The enrolled acres according to contract are 377.39 and the payment/acre is $37.93 for an annual payment amount of 14,314.00.

TAXES: $1658.42 from 2022 w/exemptions

RESERVATIONS: Owner making reservations as described in Addendum to Auction Contract which is available on this site or on requests.

FURTHER REPRESENTATIONS: There were two pits dug by Thomas Brooks several years ago. One was used as an earth tank to water cattle. Not sure of use of other tank, both tanks are still uncovered.

COMMENTS:  For more information or to schedule a showing of this property contact Monty Edwards at 806-786-5426.

Online Auction Bidders Agreement
THIS IS A LEGALLY BINDING DOCUMENT. IF YOU DO NOT UNDERSTAND THE TERMS AND CONDITIONS AS SET FORTH HEREIN, PLEASE CONSULT AN ATTORNEY PRIOR TO SIGNING.
 I ___________________________________________________________ (Buyer) agree to immediately enter into a Purchase Contract if I am declared the high bidder (winning bidder) by the auctioneer during the following auction:
Description of Land (Full legal descriptions in Title Company).

Labors Twenty-one (21) and Twenty-two (22), League Two Hundred Seventeen (217), Crockett County School Lands, Lamb County,
Texas.
Save and Except
2.87 acres out of the Southeast corner of Labor 21being further described by metes and bounds as follows:
BEGINNING at a 1/2 inch iron rod found for the Southeast corner, same being the Southeast corner of said League 217 and the Northeast corner of League 216;
THENCE N.84°04'04”W. 1005.09 feet along the South line of said League 216 to a point for the West corner;
THENCE along a curve to the left having a Chord Bearing of N.77°16'48”E., a Chord Distance of 925.32 feet and a Radius of 1432.47 feet to a point for a corner;
THENCE N.59°34'31”E. 151.23 feet to a point in the East line of said League 217, for the North corner;
THENCE S.4°57'19”W. 385.64 feet to the POINT OF BEGINNING and containing 2.87 acres of land, more or less.

 Bidding Open & Close Dates/Times:
o   Online Bidding Opens on June 28th, 2023 at 6:00pm CDT
o   Online Bidding Closes on July 26th,  2023 at 6:00pm CDT
 By signing below, I agree that I have read and fully understand the Online Auction Bidders Agreement and the Terms and Conditions of this auction.
I fully understand and agree that an Online Auction Bidders Agreement MUST be signed and returned to the auction company, prior to being allowed to bid in the Online Auction.  As a bidder, it is solely my responsibility to contact the auction company at (806)686-6371 or the Auctioneer directly at (806)786-5426 with any questions regarding the auction, purchase agreement, or terms & conditions, prior to placing any bids in said auction. 
 Online Auction Terms & Conditions

1) Seller’s Confirmation: The property is being offered in an Online Only Auction, with all bids being subject to approval by Seller.

2) Auction Bidding Registration: Online bidder hereby acknowledges that they must be properly registered for the online auction by completing and signing the (Online Auction Bidders Agreement), which will be sent by email via DocuSign. Upon completing this registration form and receiving approval, bidding privileges will be turned on. If you need assistance with registration, you may contact Monty Edwards at (806)786-5426 or by email at Monty@MEdwardsAuction.com.  Seller(s) may at their sole discretion request additional registration requirements from any bidder unknown to them or the auction company.

3) Bidding Opens/Closes: The Online Only Auction (i.e. Internet Auction) bidding shall be opened and begin closing on the dates and times stated above.  

4) Property Preview: The property can be previewed by contacting the auction company at (806) 686-6371 or the Auctioneer directly at (806) 786-5426.  Property previews are encouraged prior to placing a bid in the auction. There may be cattle in the pasture, so please keep all the gates closed while inspecting. Please do not drive in tall grass to avoid fire hazard. Direct all questions to the auction company, see website for preview dates when staff will be onsite. 

5) No Financing Contingency: By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder’s ability to obtain financing. By placing a bid in this auction, bidders are making a “cash offer” to purchase the property and financing is NOT a contingency in the purchase agreement.

6) Buyer’s Premium: A Five Percent (5%) Buyer’s Premium shall be added to the final bid price placed online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property.

7) Purchase Contract: Winning bidder hereby agrees to enter into a Contract to Purchase the property immediately upon being notified of the Seller’s acceptance of their winning bid. Upon the close of the auction the winning bidder will be forwarded via email the Auction Real Estate Sales Contract to purchase the property. A signed copy of the Auction Real Estate Sales Contract must be received by the Auction Company (United Country Real Estate - M. Edwards Realty & Auction) within 24 hours from the time said Purchase Contract was sent to the winning bidder. The Auction Real Estate Sales Contract may be (hand delivered, faxed, or scanned and emailed).  A copy of the Auction Real Estate Sales Contract is available for review online prior to placing any bids in the auction.    

8) Down Payment/Earnest Deposit: A non-refundable down payment of Ten Percent (10%) of the total contract purchase price will be wire transferred or hand delivered in the form of certified funds to the Title Company no later than 48 hours following the close of auction. See closing agents contact information below. The balance of the purchase price will be due in full at closing.

9) Closing: Closing shall be on or before August 29th, 2023.  Closing shall take place at Rowe Abstract and Title Company, 306 Phelps Avenue, Littlefield, TX 79339. Closing Agent is Bridgette Thompson and their phone number is (806) 385-4220, email is titlework@roweabstract.com . Out of state buyers will be afforded the opportunity to close via email, mail and wire transfer of certified funds.

10) Easements: The sale of the property is subject to any and all easements filed of record.

11) Minerals and Other Reservations and/or Special Provisions: Attached hereto as Exhibit(s) E ___are materials specifically referencing reservations or special provisions that will be a part of the purchase contract to be executed in compliance with Section 7 hereof.  Buyer acknowledges receipt of such Exhibits and specifically consents to the inclusion of such reservations and special provisions in the aforementioned purchase contract.

12) Survey: In the event any purchased tract requires a survey to determine the legal description, the cost of the survey will be paid by the Seller. If the same buyer or entity purchases two (2) adjoining tracts and no interior survey is required to separate said tracts, then any additional survey desired by the buyer will be at the buyer’s sole discretion and cost.  

13) Possession: Possession of the property will be given upon payment in full of the purchase price and transfer 
of title at closing, subject to the existing agricultural leases, as follows:

14) Title: Seller shall provide a Preliminary Title Commitment for the property being sold. Seller shall pay for the issuance of the Title Policy for the property being sold and transferred. Seller shall execute a Special Warranty Deed conveying the property to the buyer(s).

15) Taxes: Seller shall pay any previous years taxes (if due), and the current year’s real estate taxes shall be prorated to the date of closing. 

16) Online Auction Technology (Disclaimer): Under no circumstances shall Bidder have any kind of claim against United Country Real Estate – M. Edwards Realty & Auction, Broker of record, or anyone else, if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technology faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the “Maximum Bid” feature on the bidding platform and lock in their maximum bid amount, if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.

17) Soft Close: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 3 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

18) Disclaimer: All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice.  There are no warranties either expressed or implied pertaining to this property. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller’s reserve price (if applicable). The property is available for and subject to sale prior to auction. By participating in this auction, Buyers hereby acknowledge that any bid(s) placed by them is a binding agreement to purchase the property, subject to the bid being approved by Seller (if applicable).

19) Pre-Auction Offers: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions, and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner.  Seller may accept or reject such offer at their sole and absolute discretion.  When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance.