SHERIDAN COUNTY LAND AUCTION

Dick Minor, Jr. 

Tuesday November 10, 2009    1:30 pm

The sale will be held at The Gordon Livestock Auction Market (on the south-east edge of Gordon, Nebr.) following the regular cattle sale at approx. 1:30 pm.

320 Acre Farm & Feeding Facility

This would make anyone a nice headquarters for their farm or ranch operation. Buildings, Grain Storage, Home and Pens with approx. 1,600 ft. of cement bunk and pad to winter calves make this an excellent opportunity! This farm has been very well kept. With 221 acres under 2 Pivots and one well, the farm gives the versatility for spring crops and winter forage! Top notch Grain storage and handling resources. Mature Shelter Belt around Headquarters. The Farm is set up for efficiency!

Located: 1&1/2 miles west of Rushville, Nebraska on Hwy. 20 to 350th Ln., then north across old RR to the southeast corner. (Continue .7 mile west on 590th Rd. to the Headquarters drive)

IMPROVEMENTS: This Farm has a 2,216 sq. ft. Modern Home with 2,076 sq, ft. in the basement. Out Buildings include: a 40X50X16 Heated Shop Building, a 50X96 Quonset attached to leg, a 60X150X16 Steel Building, a 12X60 Platform Scale (50 ton), 5 - 8,000 Bu. Grain Bins with Unloading Augers, Drying Floors & Leg, Roller Mill, Covered Grain Receiving Facility, 4 - 250 bu. Hopper Bins, a 24X42 Barn or covered processing area, Bowman Hyd. Working Chute & Alleys, Steel Load Out Chute, and more! Irrigation Equipment includes a 2004 T&L Center Pivot (west) with 5067 Hrs. and 100 Hp. Motor and an early 80’s Lockwood (east).

LEGAL DESCRIPTION: S 1/2 Section 29, Twp 32N, R 44 West of the 6th PM in Sheridan County, Nebraska

COURT HOUSE records indicate a Total of 320 Acres with 221.1 acres of primarily class 1 & 2 Irrigated land, 20 Acres in Building site and Pens, 28 acres in Dry Farm ground, 44.7 acres Grass, 1 acre in Home and 5 acres in Roads. Estimated CH Value: $457,000.00 (Taxed at 71% on Ag Land and 90% on Improvements).

2008 Real Estate Taxes: $4,877.56. (Tax ID #’s: 810017016 & 810165590).

FARM SERVICE AGENCY: indicates 323 acres with 263.4 acres cropland.  A Corn Base of 190.3 acres with a yield of 82 bu. plus, a Wheat base of 7.2 acres with a 46 bu yield. Approximate Total 2009 FSA Payment $3,783.00.

POSSESSION: The Buyer will receive full possession of the land on closing.

NRD INFORMATION (Upper Niobrara): Well # G-052356. 221.1 Certified Acres. Meter #08-8-3365 (Installed). Meter started in spring of ’09, reading 10/09 was 2518 ÷ 221acres  = 11.4 inches used in 09 . There is no water allocation for this area at this time.

WELL INFORMATION: Well # G-052356. Date 3/11/1976, Drill depth: 504 ft.; Pumping level: 230 ft.; Static Level: 28 ft.; 1,000 Gallons per minute. The last 4 years the power cost has averaged $80.00 per acre.

PERSONAL PROPERTY: The personal property included in the sale of these lands shall be all attached equipment including a Lockwood Center Pivot & a T & L Center Pivot and their attached Pump and Motor, and all gates, panels and working chutes.

TITLE: Seller will convey property by Corporation Warranty Deed supported by Title Insurance, showing good and merchantable title subject to easements and restrictions of record at a cost of one-half to Seller and one-half to Buyer.

TAXES: Seller will pay customary closing costs and Taxes to December 31, 2009 based on the most recent tax and mill levy.

POSSESSION: The Buyer will have full possession of the land on closing.

MINERALS: The Seller’s are reserving No Minerals.

TERMS: The Sale Day Deposit: $50,000.00. The land is to be sold for Cash. All financial arrangements must be made prior to the Auction. The sale is subject to Seller confirmation; however, it is the Seller’s desire to sell to the highest and best bidder. The Sale Day Deposit will be made day of sale upon being the successful bidder which will require signing the Purchase Agreement. The deposit will be applied to the purchase price with the balance due at closing on or before December 18, 2009.

NOTE: Information Obtained From Sources Deemed To Be Reliable, But Is Not Guaranteed. Interested parties should and are expected to conduct their own analysis. All Agents representing Kraupie’s Real Estate & Auctioneers are working as Seller’s Agents. Buyers and Agents should note, we will not accept Sub-agency without prior written consent.  Announcements at sale supersede all prior advertising, printed or oral.