KIMBALL COUNTY  LAND

AUCTION

MONDAY,   FEBRUARY 27, 2006

SALE TIME:  1:30 P.M.

Sale to be held at the Fire Hall in Dix, Nebraska

480 ACRES KIMBALL COUNTY LAND

CRP & FARM LAND

A good Dry land Wheat Farm in southeastern Kimball County

 and a quarter of CRP to be offered in Two Tracts

Tract One:  A good half section of producing farmland in a wheat, millet and summer fallow rotation.  

There are 135 acres seeded to wheat for harvest in 2006. The Buyer will receive a 1/3 Landlord’s share of the planted wheat and will receive the Landlord’s 1/3 share of the FSA Direct Payment.

FSA records indicate 293.9 Cropland; 146.7 of Wheat Base and 9.9 acres Barley Base.

N1/2 Section 3, Township 12N, Range 54 West of the 6th P.M., Kimball County, Nebraska

                 The 2005 Real Estate Taxes were  $795.16

TRACT ONE SOLD!  $60,500.00

Tract Two:  A Quarter Section of land enrolled in the Conservation Reserve Program.

                Please note that the CRP Contract expires in 2007, as opposed to 2008 that was advertised, however, the FSA has notified the Seller that the farm would be eligible to extend the contract for 2 more years at presumably the same rate.  The new Buyer may resign or the Seller can extend the contract themselves.

There are 154 acres of CRP under contract until 2007.

The CRP Payment to the Landowner (Buyer) is $4,697.00 per year to 09-30-2007.

SW1/4 Section 3, Township 12N, Range 54 West of the 6th. P.M., Kimball County, Nebraska

The 2005 Real Estate Taxes were $685.50

TRACT TWO SOLD!  $40,500.00

Location:  from Dix, Nebraska 13 miles south on CR 59 to CR 12 then 3/4 mile east to the northwest corner of Tract One. Tract Two is 1/2 mile south of this intersection on CR 61 to the northwest corner.

Minerals: The Sellers are reserving a one-half non-participating royalty interest in Oils, Gases and Minerals for 15 years from date of the deed (delivered on closing). The land is not under current gas, oil or mineral lease.

Terms:  This land to be sold for cash and is not contingent upon loan approval.  All financial arrangements must be made prior to the auction.  A Deposit of $10,000.00 for Tract One and $5,000.00 for Tract Two will be required day of sale upon being the successful Bidder and signing the Purchase Agreement.  The balance will be due on or before March 28, 2006 when possession will be given. The Seller will cooperate with the Buyer if using a 1031 Tax-Deferred Exchange (not to exceed the closing date).

The sale is subject to Seller confirmation; however, it is the intention of the Sellers to sell to the highest and best bidder. Contact Kraupie’s for complete information. Announcements at sale supersede all prior advertising printed or oral.

ROBERT KACZMAREK     and

 
ROGER KACZMAREK  - Owners