NW McCone County River Ranch

NW McCone County
LAND AUCTION
Wednesday February 17, 2010 2:00 PM

+/- 9920 Total Acres to be offered to the public at auction
+/- 4420 Deeded balance State & BLM lease

Offered in two tracts and as an entirety

Sale Location: The Claret Theatre, 319 Main Street, Circle, Montana

Property Location: South side of the Missouri River on Hwy 528, +/- 16 miles east of Fort Peck, MT, +/- 28 miles west of the Missouri river bridge/Hwy 13 south of Wolf Point.

Owner: Glen K. Idland and Connie Mae Idland whose address is 214 Prairie Road, Circle, Montana will offer the following property to the public at auction. The final bids will be subject to the owner’s approval. The owner reserves the right to accept or reject any and all bids.

DNRC EQUIP program in place to construct numerous fences, wells, pipelines, water tanks and to dredge one dam, can be transferred or canceled.

Click on buttons below for information and maps of the EQUIP Program

Tract One:

Township 26 North Range 43 East
Section 24 N2, E2SE4
Section 25 E2NW4, NE4

Township 26 North Range 44 East
Section 17 N2NE4
Section 17 SW4SW4, E2SW4, NW4SW4
Section 18 Lots 2, 3, 4, 5, SE4NE4, NE4SE4
Section 18 SE4SE4
Section 19 E2NE4
Section 19 NW4NE4
Section 19 Lot 4
Section 30 S2, NW4, S2NE4
Section 31 N2NE4

+/- 3270.03 Total Acres
+/- 1920.03 Deeded
+/- 512 cultivated
+/- 471 irrigated land currently being farmed dryland
+/- 166 acres State Lease (66 Aum’s)
+/- 1184 BLM Lease (172 Aum’s)

Water
1 Dam
2 working wells
2 cased wells not in use
1 sand point well not in use

Improvments
40 X 60 Butler building

Power: McCone Electric Co-op

Tract Two:

Township 25 North Range 43 East
Section 2 NW4SW4
Section 3 N2S2, SE4SW4, SW4SE4
Section 9 E2
Section 10 W2
Section 10 SW4SE4
Section 11 S2SE4
Section 14 N2NE4, SW4NE4, W2SE4, NW4, N2SW4, SE4SW4
Section 14 SW4SW4
Section 15 E2NE4
Section 15 W2, SE4, NW4NE4

Township 26 North Range 43 East
Section 35 S2

+/- 6650 Total Acres
+/- 2480 Deeded
+/- 4170 BLM Lease (888 Aums)
Water
3 developed springs
Multiple natural springs
4 New BLM water pits
7 dams

Improvements
Fenced
3 developed springs

The property is being sold by legal description, not by the acre. All figures are estimates made from information provided by the appropriate government agencies. A title commitment has been ordered and will be available, at their request, to prospective buyers for inspection prior to sale. The title company will provide the proper legal descriptions. The above does describe the property to be sold. Fences, headlands and temporary markers may or may not be the property boundaries.

Click on buttons below for Maps

Property Highlights
Trophy deer (mule & whitetail), antelope and game birds are found in abundance on the property. Missouri river fishing on the State/BLM leases and world class fishing on nearby Fort Peck Lake.

Mineral Rights: No mineral rights transfer.

Fossil Rights: Owners reserving 50% of fossil rights

Water Rights: All water rights held will transfer.

Leases: Upon BLM and DNRC approval all BLM permits and DNRC leases transfer at closing

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

Closing costs: Split equally between the Buyer and the Seller.

Title Insurance: Standard owners title insurance will be provided by the seller through First American Title Company of Montana, 304 N Kendrick Ave, Glendive, Montana 59330 Telephone 406-365-5482

Terms: Title will be transferred by warranty deed with title insurance. A ten-percent (10%) non-refundable down payment of the total contract price will be due on sale day. The balance is due in cash at closing within 60 days at the office of: Navratil & Herring, Attorneys PC, Scott Herring, attorney, 215 S. Kendrick, Glendive, MT 59330. Telephone 406-377-5273.

NO BUYERS PREMIUM WILL BE CHARGED

All funds are held in the escrow account of Scott Herring, attorney, 215 S. Kendrick, Glendive, MT 59330.

COOPERATION IN IRC 1031, TAXED DEFERRED EXCHANGE:
It is the intention of the Seller to create an IRC Section 1031 tax deferred exchange. Buyer, agree that the Sellers rights and obligations under this sale may be assigned to facilitate such exchange. Buyers agree to cooperate with Sellers in any manner to enable Sellers to qualify for said exchange at no additional cost or liability to Buyers. Sellers will co-operate with 1031 Buyers in the same manner.

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 Seller would not be able to close.

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 the 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 prior to bidding. Announcements made sale day take precedence over any printed materials. The property sells "As is-Where is."

MONTANA LAND AUCTIONS, INC and its auctioneers are acting solely as auctioneers for the seller

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