PRAIRIE COUNTY GRASSLAND AUCTION

+/-3467.1 ACRES DEEDED & +/-3600 ACRES LEASED BLM

TO BE SOLD IN (2) TWO PARCELS

AND AS AN ENTIRETY

 WEDNESDAY, AUGUST 4, 2010, 2:00 P.M.

 Sale Location:  The Claret Theatre in Circle, MT

OWNER:  Tibbetts Ranches Inc whose address is P O Box 807, Terry, MT  59349   will offer the following property to the public at auction.  The final bid will be subject to their approval.  The Owners reserve the right to accept or reject any and all bids.

PROPERTY LOCATION:  From Terry, MT take Hwy 253 North toward Brockway, MT for 11.5 miles, turn right for approximately 2.5 miles.

PROPERTY DESCRIPTION:

PARCEL (1) ONE

TOWNSHIP 14N, RANGE 50E

+/-1464 AUM’S

+/-4495.9 Acres w/ +/-2015.9 Acres of Deeded & +/-2480 Acres of BLM Leased

Deeded Land

Section 5--S2-------+/- 320 Acres

Section 7--ALL------+/-647.84 Acres

Section 8--W2NW4------+/-80 Acres

Section 18--S2------+/-323.1 Acres

Section 19--ALL-----+/-645 Acres

PARCEL (2) TWO

TOWNSHIP 15N, RANGE 50 E

+/-460 AUM’S

+/-1931.2 Acres w/ +/-1451.2 Acres of Deeded & +/-480 Acres of BLM Leased

Deeded

Section 31--ALL----+/-651.2 Acres

Section 32--E2------+/-320 Acres

Section 32--SW4-----+/-160 Acres

TOWNSHIP 14N, RANGE 50E

Section5--N2------+/-320 Acres

A title commitment has been ordered and will be available, at their request, to prospective buyers for inspection prior to sale day.  The above may or may not be the proper legal description; it was taken from the Prairie County tax receipts.  The above does describe the property to be sold.

Improvements       

Parcel One has approximately 28,000 feet of water line which feeds (8) Tanks, (2) Electric Wells and (1) Windmill.  This Parcel is fenced into (2) pastures. 

Parcel Two has (2) Electric Wells and a nice set of working corrals.  This Parcel is also fenced into (2) pastures.

 
Wildlife & Recreation

There are many big mule deer and antelope along with sharp-tail grouse on this property.

Mineral Rights:  No mineral rights transfer.

Water Rights:  All water rights held will transfer. 

Taxes:  Taxes will be pro-rated from the day of closing.

Title Insurance:  Standard owners’ title insurance will be provided by the seller through Prairie Abstract & Title, 203 S Logan Ave, Terry, MT  59349, 406-635-5472

Terms:  Cash.  20% down sale day, the balance due at closing the week of September 5, 2010 at the offices of Krutzfeldt & Jones LLP, Attorney, 1200 Pleasant Street, Miles City, Mt  59301, 406-234-1222

Buyers Premium:  A 2% Buyers Premium will be added to the winning bid price to arrive at the total contract price paid by the purchaser.

 Your bid is considered acceptance of the terms of this auction.  If you, the Buyer fail to close, the down payment is non-refundable.  If the Sellers fail to close, 100% of the down payment will be returned.  At this time there is no known reason that the Sellers would not be able to close.  All funds are held in the escrow account of Krutzfeldt & Jones LLP, Attorney, 1200 Pleasant Street, Miles City, MT  59301, 406-234-1222

Auctioneers Note

Tibbetts Ranches Inc has decided to liquidate a portion of their ranch at auction.  This property lies only (12) miles from Interstate 94. If you are looking for a cattle ranch with abundant grass, this is the place for you!  Tibbetts Ranches are good stewards of the land.  Some of the fences and markers may or may not be on the property boundaries.  Don’t miss this opportunity to own a great cattle ranch!

                                                          Rick

All information is from sources deemed reliable, but is not guaranteed by the Seller or the Auctioneers.  Offering is subject to error, omission, and approval of purchase by owner.  We urge independent verification of each and every item submitted to the satisfaction of any prospective buyer. 

It is every potential bidder/purchaser’s sole responsibility to accomplish his or her due diligence in whatever manner he or she deems advisable.

Announcements made sale day take precedence over any printed materials.  The property sells “As is-Where is.”

 RK Statewide Auction Service and its auctioneers are acting solely as auctioneers for the sellers.

For more information & showings contact

Rick Kniepkamp (406) 485-2548 or (406) 939-1632 cell

RK Auction Service

3489 Hwy 200 S

Lindsay, MT  59339

www.r-kauction.com