Hale Co 280.71 acres
Legal Description Tract 2: AB 1502, Block R, Section 28, West/2, Except Part Sold, 280.71 acres, more or less, Hale County, Texas.
Location: Approximately 11 miles south of Plainview, Texas on FM 400. FM 400 is the west boundary, County Road 215 is the south boundary, and FM 784 is the north boundary. Look for sign on FM 400.
Description:This land is located near the east/central part of Hale County being just south of Plainview, Texas, and just east of Hale Center, Texas. Excellent access is provided by FM 400 and FM 784. This land is currently enrolled in the USDA Conservation Reserve Program through 9/30/2032. There are 266.92 acres enrolled in the program. The annual payment is $4,805.00. The Buyer will be required to succeed the USDA CRP program and remain in compliance with all USDA CRP rules and regulations. Seller will retain the 2024 CRP payment. Buyer will receive the 2025 and subsequent CRP payments. The grass is in good condition. There are a few scattered trees that will be nice for livestock shade. Seller is unaware of any water wells on this property. The property lies 1 mile north-south, and 1/2 mile east-west. The northwest corner, southwest corner, and one house on FM 400 is owned by other parties and not included in this sale. Seller reserves all mineral interests currently owned. Seller reserves one-half of all royalties and payments generated by solar or wind. View soils summary, pictures and more information on my website at www.street.land
Note: Street Farm & Ranch represent the Seller in this transaction. If a Buyer uses another Broker, that Buyer must pay the other Broker's fee, if any. There is no Buyer's premium.
Auction Terms
These 2 tracts of land will be sold at auction on Tuesday, September 24th, 2024 at 10:00 am. Tract 1 will sell first, followed by Tract 2. The land will be sold "AS IS" with all faults. The Seller will have 30 minutes after the sale or last bid to accept or reject any or all bids. Buyer and Seller will sign a Texas Farm & Ranch Contract immediately after the sale. Buyer is required to pay 10% of the total sales price for earnest money day of sale, and close and fund the transaction within 45 days after the auction date. Countywide Title Company of Plainview, TX will provide a receipt for earnest money and will handle the title work and closing. Seller will provide title insurance and deed preparation. No survey will be furnished. Buyer will have 5 days after receiving the commitment and exception documents to object to defects, exceptions, or incumbrances to title disclosed in the commitment. Buyer's possession of property will occur upon closing and funding. Closing will be scheduled on or before November 8, 2024. Taxes will be prorated.
Important Information
EARNEST MONEY WILL BE NON-REFUNDABLE IF TRANSACTION FAILS TO CLOSE DUE TO BUYERS' INABILITY TO OBTAIN FINANCING, IF ANY. SOLD FOR CASH NOT CONTINGENT ON FINANCING*
Any announcements made day of sale take precedence over all other previous advertisements.
EACH BIDDER SHOULD PERFORM AN INVESTIGATION TO VERIFY THE INFORMATION IN THIS FLYER, AS NO WARRANTIES ARE CREATED WITHIN.
Note: Street Farm & Ranch represent the Seller in this transaction. If a Buyer uses another Broker, that Buyer must pay the other Broker's fee, if any. There is no Buyer's premium.
