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7,320 Acres Offered in 5 Tracts

7,320 Acres Offered in 5 Tracts

Corona, NM, Lincoln County

Owner: Two Rivers Ranch, Inc. and Jack Dilts Tue, Mar 30, 2010 EASTERN

AUCTION IS OVER

• Located Near Corona, New Mexico • Tracts Ranging from 640 to 2,560 Acres • Ideal Opportunity for the Outdoorsman, Investor, & Rancher • Excellent Hunting Including Elk, Mule Deer & Mountain Lion • Unlimited Recreational Opportunities • Beautiful Mountain Views • Hunting Lodge • 120 Miles to Albuqueque • 130 Miles to Santa Fe • 130 Miles to Roswell • 6,880 Deeded Acres • 320 State Leased Acres • 120 BLM Acres


OPEN HOUSE/INSPECTION DATES

Tuesday, March 02,2010 12:00 PM thru 02:00 PM
Tuesday, March 16,2010 12:00 PM thru 02:00 PM

PROPERTY LOCATION

From Corona, NM travel southwest 9 miles on Hwy 54 to Co. Rd A019 (Gallinas Rd). Turn right (west) and go 3.8 miles to Y-intersection. Stay left at Y on C.M. Bryan Trail and go less than 0.1 mile and take immediate left on Co. Rd A020. Travel 1.9 miles to ranch entrance on right.

AUCTION LOCATION

Inn of the Mountain Gods Resort & Casino 287 Carrizo Canyon Road Mescalero, NM 88340 (just south of Ruidoso, NM)

PROPERTY DESCRIPTION

Improvement Descriptions: Tract 1 Hunting Lodge Master bedroom/bathroom Open floor plan with loft Wrap around deck New appliances Wood burning stove Electric furnace and water heater Two full baths Laundry room Machine shop Annual Property Taxes are $856.86 Access to Tracts 2, 3 and 5 will be via easement over existing roadways.


AREA MAP

Satellite area map of the auction location near Corona, NM, Lincoln County

TRACT MAP(S)

Tract map - 7,320 Acres Offered in 5 Tracts

AREA MAP(S)

Area map - 7,320 Acres Offered in 5 Tracts

Area map - 7,320 Acres Offered in 5 Tracts

PROCEDURE: The property will be offered in 5 individual tracts, any combination of tracts, or as a whole property. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier's check. The balance of the contract purchase price is due in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

ACCEPTANCE OF BID PRICES: All successful bidders will sign an Agreement to Purchase at the auction site immediately following the close of bidding. All final bid prices are subject to the seller's acceptance or rejection.

BROKER PARTICIPATION: A commission will be paid to any properly licensed Broker who registers a successful buyer according to the Broker Participation Guidelines. Broker Registration Forms are available from the Auction Company. Forms must be completed and returned no later than 48 hours prior to the auction.

CLOSING: Closing shall occur as soon as possible after applicable closing documents have been completed. Anticipated closing date is on or before April 29, 2010.

TITLE: Seller shall furnish the buyer(s) at Seller's expense an Owner's Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s).

REAL ESTATE TAXES & ASSESSMENTS: The 2010 calendar year taxes shall be prorated to the date of closing and shall be paid by the Seller in the form of a credit to the Buyer at closing. Prorations will be based on the 2009 tax information. Buyer will be responsible for all subsequent taxes.

EASEMENTS & LEASES: Sale of said property is subject to any and all easements of record and any and all government leases.

SURVEY: AT THE SELLER'S OPTION, the Seller shall provide a new survey where there is no existing legal description. Any need for a new survey shall be determined solely by the Seller unless such surveys are required by State or local law. The cost of the survey shall be paid by the Seller. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance and the transfer of merchantable title.

MINERAL RIGHTS: The sale of the property shall not include any mineral rights.

AGENCY: Westchester Auctions, LLC and its representatives are Exclusive Agents of the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS & CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

NOTE: Videotaping, flash photography, and/or public announcements will be allowed on auction day ONLY with prior approval from Westchester Auctions, LLC.

SELLER: Two Rivers Ranch, Inc. and Jack Dilts

None at this time