DESCRIPTION: This 127.05+/- Acre Conservation Reserve Program Tract located in central Lamb County on Farm to Market 1055.  This farm is relatively flat and very accessible with paved frontage down east boundary and well-maintained county road down north boundary.  The farm is in an area that has various types of use of land for agriculture production including cotton, grain sorghum, wheat, and grass for haying and grazing.

LEGAL DESCRIPTION: Being a 127.05+/- acre tract consisting of all of the East 127.10 acres as described in Volume 741, Page 346 of the Deed Records of Lamb County, Texas, (as held) of Labor Thirteen (13), League 633, Abstract No. 318, Certificate No. 20, State Capitol Lands, Abner Taylor Original Grantee, Lamb County, Texas,  further descripted on by Metes and Bounds on Exhibit A to Auction Sales Contract.

TOPOGRAPHY: Farm is fairly flat with relatively small slightly depressed areas in the NE part and SW parts.

IMPROVEMENTS: There are a couple of abandoned wells on the premises, but none are currently in operation and there is no guarantee or warranty of the wells capability.  There is an old house on the property that has not been lived in for approximately 10 years.  Home is not considered livable in current condition as basic systems to the house including but not limited to water well are not currently viable.

WATER FEATURES:  NONE

FENCING: NONE

WILDLIFE, HUNTING AND RECREATION: Area is well suited for a variety of game such as mule deer, dove, quail, crane and geese.

SOIL: Soils that comprise the tract consists primarily of Amarillo fine sandy loam, 0 to 1 percent slopes, Amarillo loamy fine sand, o to 3 percent slopes, Mansker fine sandy loam, o to 1 percent slopes, and Amarillo fine sandy loam, 1 to 3 percent slope, with minor areas of Veal fine sandy loam, 1 to 3 percent slopes and Randal clay, 0 to 1 percent slopes, occasionally ponded. Soil Map available in Property Information Packet.

USDA INFO: Farm is currently enrolled in the USDA Conservation Reserve Program (CRP) through September 30^th, 2031.  Acres enrolled are 118.22 with an annual payment per acre of $48.45 or an overall annual payment of $5,728.00.  FSA-156 available in Property Information Packet with details about base acres.

TAXES: 921.67 (2024 w/exemptions)

TITLE RESERVATIONS: Seller warrants that this Property will sell without Title reservations related to wind, mineral, or solar.

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

FURTHER REPRESENTATIONS: 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.

COMMENTS: Please call Monty Edwards to plan to view the property at 806-786-5426 or email him at monty@medwardsland.com. 

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).

Legal Description: Being a 127.05 acre tract consisting of all of the East 127.10 acres as described in Volume 741, Page 346 of the Deed Records of Lamb County, Texas, (as held) of Labor Thirteen (13), League 633, Abstract No. 318, Certificate No. 20, State Capitol Lands, Abner Taylor Original Grantee, Lamb County, Texas, and being further described by metes and bounds as follows:

BEGINNING at a Cotton Spindle, set at the Northeast corner of this tract of land, same being the

Northeast corner of said Labor 13, from whence a 1/2 inch iron rod, found at the Northeast corner of Labor 8 bears N. 2°45'33" E. 5554.31 feet and a 1/2 inch iron rod with a cap - "BLUE", found at the Northeast corner of Labor 12 bears S. 87°40'09" E. 2773.76 feet;

Thence S. 2°45'33" W. 2774.70 feet along the East line of said Labor 13, to a 60d Nail, found at the Southeast corner of this tract of land, same being the Southeast corner of said Labor 13;

Thence N. 87°42'35" W. 1993.28 feet along the South line of said Labor 13, to a 1/2 inch iron pipe,

found in the South line of said Labor 13 at the Southwest corner of this tract of land;

Thence N. 2°43'40" E. along the East line of the West 50 acres of said Labor 13, as described in that certain Warranty Deed recorded in Volume 578, Page 604 of the Official Public Records of Lamb County, Texas, at 2749.01 feet pass a 3/8 inch iron rod, found, a total distance of 2776.10 feet to a ½ inch iron rod with a cap - "CEC 10194378", set in the North line of said Labor 13 at the Northwest corner of this tract of land, from whence a 1/2 inch iron rod, found at the Northwest corner of Labor 14 bears N. 87°40'09" W. 3558.19 feet;

Thence S. 87°40'09" E. 1994.80 feet along the North line of said Labor 13 to the POINT OF

BEGINNING and containing 127.05 acres including part of County Road 182 on the North side and part of F.M. Highway 1055 on the East side.

 Bidding Open & Close Dates/Times:

o   Online Bidding Opens on January 28^th, 2025 at 5:00pm CDT

o   Online Bidding Closes on February 19^th, 2025 at 5:00pm 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, this is a reserve 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. Buyer agrees to indemnify, defend and hold harmless property owner from any damages resulting from Buyer's preview of the property. 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 Purchase 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 March 19^th, 2025.  Closing shall take place at Rowe Abstract & Title Company Closing Agent is Bridgette Thompson and her phone number is 806-385-4220, email is titlework@roweabstract.com. Out of state buyers will be afforded the opportunity to close remotely.

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

11) Minerals and Other Title Reservations and/or Special Provisions: Attached hereto as Exhibit(s) E, are materials specifically related to 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. Seller warrants that this Property will sell without title reservations of any kind, including but not limited to wind, mineral, or solar reservations.

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.

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 year’s 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 and confirmed by Seller.