Stanley & Mae Doane Land

February 25, 2003

Auction Time: 10:00 A.M.

       

Number of Acres: 260 Acres more or less.

Land located: 4 miles north and 4 miles east of Bayard, Nebraska

Legal Description: SW1/4NW1/4; SW1/4; that part of the S1/2SE1/4 lying south of the Canal, all in Section 4, Township 21N, Range 51 West 6th P. M., Morrill County, Nebraska

General Description: TO BE SOLD IN 2 TRACTS OR AS A UNIT

This is a nice little combination farm or place in the country with income potential. There is some beautiful lowland area with lots of trees that would make a home site.

Conveniently located. This farm has always had appeal with a nice wet bottom land area with lots of trees. The farm land is productive and carries a good water right.

TRACT ONE will be the SW1/4NW1/4 and the SW1/4 of Section 4, Township 21N, Range 51 West of the 6th P.M., Morrill County, Nebraska

This tract has 200 acres +/- with 99 acres irrigated cropland and101 Acres Grass. There is a 30' x 48' Steel Building, 2 overhead Doors, Walk-In Door, Insulation in Roof, OH Heat, also an Older Home, Barn & Corrals. A Half Mile Highway Frontage affords easy access.

Taxes: 2002 Real Estate Taxes were $1766.38

Irrigation Taxes: 108.9 acres of water right under Pathfinder Irrigation @ $23.00/ acre for $2504.70 per year There are 2.1 Acres Irrigation Right under Farmer's Irrigation District @ $23.00 per acre.

Earnest Deposit: $7500.00

TRACT TWO will be that part of the SE 1/4 lying South of the Canal, in Section 4, Township 21N, Range 51 West 6th P. M., Morrill County, Nebraska

There are 60 acres +/- with approx. 16 acres cropland (11 Acres newer Alfalfa) and the balance grass. Highway Frontage and Shelter Belt. Would make a scenic home site or acreage in the country.

Taxes: 2002 Real Estate Taxes were $340.30

Irrigation Taxes: There are 15.6 acres of water right under Farmer's Irrigation for a total of $358.80

Earnest Deposit: $2500.00

REAL ESTATE TAXES: The 2002 Real Estate Taxes will be paid by the Seller and the Buyer will be responsible for all of the 2003 taxes.

Farm Service Agency Information: The farm is signed up to participate in the Farm Program. The Crop base for the Unit is 51.4 Acres. The 2003 FSA projected payment will be $1800. 00. If sold in 2 Tracts it will be subject to split by the FSA County Committee.

Minerals: The Seller is reserving none of the existing minerals. All available minerals go with the land. There was a 10 year reservation on 1/2 of the minerals in Tract Two from 1998 Land is not under current oil, gas or mineral lease.

Possession: The Buyer will receive full possession on closing March 25th, 2003.

TERMS: Price to be determined at auction February 25th, 2003. The Land will sell at 10:00 A.M. ! The land will be sold for cash. A deposit of $7,500.00 will be required for Tract One and $2,500.00 for Tract Two and $10,000.00 for the Unit. This deposit will be made day of sale upon being the successful bidder and signing the Purchase agreement. The balance will be due on or before March 25, 2003 when possession will be given. All financial arrangements must be made prior to the auction as the land is not sold subject to the Buyer obtaining a loan. The land will be sold with a Warranty Deed free and clear of all liens and encumbrances. The land will be sold subject to Seller confirmation.

The information contained herein has been obtained from sources believed to be reliable. We have no reason to doubt It's accuracy, but we do not guarantee it. Buyers should make their own investigations and inspections. Please contact Kraupie's for additional information.

KRAUPIE’S

REAL ESTATE & AUCTIONEERS

P.O. BOX 100 BRIDGEPORT, NEBRASKA 69336

308-262-1150

www.farmauction.net