Auction Note

LAND AUCTION (MINERALS INCLUDED!) 2,940.15 Acres – Hettinger County, ND Wednesday, September 18, 2013 – 1:00 p.m. (MT) View the Exclusive Property Video Below!     Auction Location:   Knights of Columbus - Mott, North Dakota   Auction Note:    This spectacular farm and ranch features nearly 3,000 acres of exceptional crop land, pasture land and hunting land in southwestern North Dakota.  The crop land has excellent soil productivity and strong cropping history while the grazing land is dominated by productive native grasses.  What’s more, this property features tremendous wildlife habitat for pheasants and deer.   All minerals owned as of record by seller will be provided for sale with the property.  Mineral information will be provided at the auction and upon completion of the mineral search.  All statements made at the auction takes precedence over all printed material.  All buyers are encouraged to verify all information provided in this catalog.  Pifer’s nor the seller and the seller’s representatives guarantee the accuracy of this information provided by other sources.  It is the buyers’ responsibility to conduct due diligence to verify all information.  The buyers agree to hold Pifer’s, the seller, and seller’s representatives harmless in all land and mineral related transactions.   The terms and conditions of the farm land leases will be provided to buyers at their request and at the auction.  The termination dates and cash rent payment dates are included in this catalog.  Cash rent payment amounts are available upon buyers’ request and at the auction.   Contact:  Kevin Pifer at 701-238-5810 for more information, or Pifer’s Auction & Realty at 877.700.4099 for a complete catalog.  View all detailed information at www.pifers.com.   Property Information - Parcels 1 & 2   Auction Note:  These two parcels have exceptional soil productivity for annual cropping and remarkable natural habitat for pheasants with the Hay Creek and Cannonball River running through them.  Both parcels have a crop land lease through 2014.   The buyer will receive the 2014 cash rent payment which is due March 15, 2014.    Independently they are tremendous parcels for cropping and hunting however combined they are one of the most desirable parcels in the region for cropping and hunting.  Both parcels were planted to wheat and canola in 2013.  Total crop acres are 271.76.       Driving Directions:  Parcels 1-2:   At the intersection of ND Hwy #21 and 105th Ave. SW approximately 2.5 miles west of Regent, ND proceed 1 mile north on 105th Ave SW, then 1 mile west on 68th St.  Proceed 3 miles north on 106th Ave. SW, then 1 mile west on 65th St. SW.               Parcel One:       Acres:  151.64 +/- Legal: SW¼ 30-135-95 Cropland:  150.8 +/- Est. Taxes (2012): $4.62 per acre or $720.30 (This is an estimate based on the combined tax statements for Parcels 1 and 2). This parcel features 150.8 +/- acres of exceptional cropland with a Soil Productivity Index of 71.9 and excellent habitat for pheasants.  The southwest corner of this property has the Cannonball River going through it.         Parcel Two:  Acres:  160 +/- Legal: SE¼ 30-135-95 Cropland:  122.3 +/- Est. Taxes (2012): $4.62 per acre or $719.47 (This is an estimate based on the combined tax statements for Parcels 1 and 2). This parcel features 122.3 +/- acres of good cropland with a Soil Productivity Index of 61.4 with the balance of acreage dominated by the Hay Creek and grass with an abundance of pheasants.           Property Information - Parcels 3-14   Auction Note: Parcels 3-13 are contiguous farmland featuring exceptional grazing land, cropland and hunting land.  Parcel 14 is on ND Highway #3 only a few miles from parcels 3-13.  These parcels are subject to crop and pastureland cash rent leases.           Driving Directions:  Parcels 3-14:   3.5 miles north of Mott on North Dakota Highway #8 and 3 miles west on 68th St. SW.  Parcel 14 borders Highway #8 on the west side and the remaining parcels are 3-4 miles west on 68th St. SW.               Parcel Three: Acres: 160 +/- Legal:   S¼ 6-134-93 Cropland:  143 +/- Taxes (2012):   $657.95 This parcel features 143 +/- acres of good cropland with a Soil Productivity Index of 61.6.  The balance of the property is grassland providing exceptional wildlife habitat and grazing land.  This parcel has established wheat base acres combined with another unrelated parcel.  This parcel is subject to a lease through October 1, 2014.  The buyer will receive the 2014 cash rent on March 15, 2014.  Wheat is planted in this parcel in 2013.           Parcel Four:      Acres: 160 +/- Legal: SW¼ 4-134-93 Cropland:  94.61 Taxes (2012):   $662.87 This parcel features 94.61 acres of good cropland with a Soil Productivity Index of 63.7 and 67.31 acres of pastureland.  This parcel is planted to Canola in 2013.  The buyer will receive the 2014 cash rent payment on March 15, 2014.  The lease expires on October 1, 2014.   The pastureland is highly productive and well fenced.  It is subject to a cash rent lease through October 1, 2014.  The buyer will receive the 2014 cash rent payment on March 15, 2014.                          Parcel Five:       Acres: 157.32 +/- Legal:   NW¼ 7-134-93 CRP:   84.82 +/- Acres @ $37.55/ac. = $3,185 (approx.) - Expires 9-30-2020 Taxes (2012): $557.54 This parcel features 84.82 +/- acres of CRP.  The balance of the parcel is grassland and exceptional hunting land.           Parcel Six: Acres: 160 +/- Legal:   NE¼ 7-134-93. CRP: 143.99 +/- Acres @ $37.55/ac. = $5,407 (approx.) - Expires 9-30-2020. Taxes (2012): $689.93 This parcel features 143.99 +/- acres of CRP with the balance in grassland and exceptional hunting land.           Parcel Seven: Acres: 156.96 +/- Legal : SW¼ 7-134-93 CRP: 88.14 +/- @ $35.18/ac. = $3,101 (approx.) - Expires 9-30-2020. Taxes (2012):   $559.77 This parcel features 88.14 +/- acres of CRP with the balance in grassland and water.  This parcel is exceptional pheasant and deer hunting land.         Parcel Eight: Acres: 160 +/- Legal: SE¼ 7-134-93 Cropland:   6.9 +/- CRP:   152.43 @ $35.18/ac. = $5,362 - Expires 9-30-2020 Taxes (2012): $684.56 This parcel features 152.43 acres +/- of CRP with the balance in grass.  The 6.9 +/- acres of cropland are subject to a cropland lease through October 1, 2014.         Parcel Nine:        Acres:   585.07 +/- Legal:   All of Section 8-134-93 less 54.93 acres in S½ S½ Cropland:   337.89 CRP:   54.71 +/- @ $32.33/ac. = $1,769 (approx.) – Expires 9-30-2019 Taxes (2012):   $2,222.51 This parcel features 337.89 acres of cropland, 170.05 acres of pasture and 54.71 acres of CRP. The 337.89 acres of cropland are subject to two crop leases.  The buyer will receive the crop cash rent payments beginning on March 15, 2014.   The pastureland is highly productive and well fenced.  It is leased through October 1, 2014.  The buyer will receive the cash rent payment on March 15, 2014.  The grazing season is considered a maximum of four (4) months.         Parcel Ten:        Acres: 160 +/- Legal:   NW¼ 9-134-93 Cropland:   66.17 Taxes (2012):   $608.52 This parcel features 66.17 acres of exceptional cropland and 97.22 acres of remarkable pastureland. The 66.17 acres of cropland, planted to wheat in 2013 are subject to a cropland lease through 2014.  The buyer will receive the 2014 cash rent payment on March 15, 2014.   The pastureland is leased through October 1, 2014.  The buyer will receive the 2014 cash rent payment on March 15, 2014.  The grazing season is considered a maximum of four (4) months.         Parcel Eleven:   Acres: 160 +/- Legal:   SW¼ 9-134-93 Cropland:   141.58 Taxes (2012): $485.53 This parcel features 141.58 acres of cropland with the balance in grass.  The pastureland is subject to a lease until October 1, 2014.  The 141.58 acres are subject to two cropland leases.  The buyer will receive the pasture and crop cash rent payments beginning March 15, 2014.         Parcel Twelve:  Acres:  480 +/- Legal:   Section 18-134-93 less 160 acres in W½ W½ Cropland: 287 Taxes (2012):   $1,739.24 This is an incredible parcel of farmland featuring 180 acres of exceptional and highly productive natural grasses for grazing and water throughout most of the central portion.  The 287 acres of cropland are highly productive and planted to wheat in 2013   The 180.7 acres of pastureland are subject to a cash rent lease through October 1, 2014.  The grazing use is limited to a maximum of four (4) months per year. The buyer will receive the 2014 cash rent lease payment which is due on March 15, 2014.   The 287 acres of cropland are subject to two leases.  The 115.75 acres of crop land in the southwest portion of the parcel are subject to a crop cash rent lease in the TIP program through September 30, 2016.  The buyer will receive the cash rent payments beginning on March 15, 2014.   The 171.63 acres in the north and east portion of the parcel are subject to a crop lease through October 1, 2014.  The buyer will receive the 2014 crop cash rent lease on March 15, 2014.         Parcel Thirteen:         Acres: 132.66 +/- Legal:   NE¼ 17-134-93 less 27.34 acres Cropland:   86.10 CRP:   43.26 @ $34.83/ac. = $1,507 – Expires 9-30-21 Taxes (2012): $589.74 This parcel features 86.10 acres of cropland with a Soil Productivity Index of 70.5 and 43.26 acres of CRP.  The cropland is subject to a cash rent lease through October 1, 2014.  The buyer will receive the 2014 cash rent lease on March 15, 2014.         Parcel Fourteen: Acres: 1 55.98 +/- Legal:   NE¼ 14-134-93 Cropland: 154.14 Taxes (2012):   $673.38 This parcel features 154.14 acres of cropland with strong cropping history and solid Soil Productivity Index of 65.  It is planted to canola and corn in 2013.  This parcel is leased through October 1, 2014. The buyer will receive the 2014 cash rent payment on March 15, 2014.           Additional Mineral Acres - Land Not Included   Auction Note:   In addition to the 14 parcels being offered, 3 mineral parcels are being offered as well.  These parcels include the mineral acres only, they land is not included.  The 3 parcels feature a total of 234.05 acres with mineral interest ranging between 25%-50%.    Buyers are encouraged to conduct their own due diligence.  Pifer’s nor the seller’s representatives do not guarantee the accuracy obtained by other sources.           Parcel A:  Gross Acres:   151.87 +/- Legal:     NE¼ 31-134-93 Interest:   25% +/-         Parcel B:  Gross Acres:   54.93 +/- Legal:   Tract in the S½ 8-134-93 Interest:   50 % +/-         Parcel C:  Gross Acres:   27.34 +/- Legal:   Tract in NE¼ 17-134-93 Interest:   50 % +/-           OWNERS:  Mary Ann Pekas Estate   This sale is managed by Pifer’s Auction & Realty, Kevin Pifer, and ND #715. All statements made the day of the auction take precedence over all printed materials.  This property is subject to prior sale. The seller reserves the right to accept or reject any and all bids.