334 +/- ACRE JEFFERSON COUNTY

LAND AUCTION

To be held at the Plymouth Community Building, located on Main Street in Plymouth, NE on

FRIDAY, DECEMBER 1ST, 2017

10 AM

TRACT I – 160 +/- ACRES (PIVOT IRRIGATED)

LOCATION: From the intersection of Highway 136 and 578 Avenue (Plymouth Highway), 3 miles North and ½ Mile East to the Southwest corner of the Tract.

LEGAL DESCRIPTION: The Southeast Quarter (SE ¼) Section Nine (9), Township Three (3) North, Range Four (4) East of the 6^th Principal Meridian, Jefferson County, Nebraska subject to easements and restrictions, whether of record or not.

GENERAL DESCRIPTION: This is a nice, rolling pivot irrigated farm with nearly 60% Crete Soils.  Per the Assessor, the tract contains 160 acres.

FSA DESCRIPTION: FSA data shows that there is a total of 158.4 acres of cropland.  DCP Crop Data is as follows:

IRRIGATION INFORMATION: The replacement well was drilled in 2000 60’ from the abandoned well.  It is 8 inches in diameter, 220 feet deep, and test pumped at 800 gallons per minute.  The 10 tower T-L pivot, pump, & gearhead are included in the sale.  The power unit is not included.

REAL ESTATE TAXES:  The 2016 gross real estate tax for this tract is $7,701.76.

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TRACT II – 94 +/- ACRES (DRYLAND)

LOCATION: From the intersection of Highway 136 and 578 Avenue (Plymouth Highway), 2 & 1/4 miles North to the Southwest corner of the Tract.

LEGAL DESCRIPTION: The West Half (1/2) of the Northwest Quarter EXCEPT a Fraction & the Northwest Quarter (1/4) of the Southwest EXCEPT a Fraction, All in Section Sixteen (16), Township Three (3) North, Range Four (4) East of the 6^th Principal Meridian,  Jefferson County, Nebraska subject to easements and restrictions, whether of record or not.

GENERAL DESCRIPTION: This gently rolling tract has approximately 45% Crete Soils and nearly 35% Burchard Soils.  Per the Assessor, the tract contains 94.04 acres.

FSA DESCRIPTION: FSA data shows that there is a total of 92.19 acres of cropland.  DCP Crop Data is as follows:

REAL ESTATE TAX:  The 2016 gross real estate tax for this tract is $2,900.56.

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TRACT III – 80 +/- ACRES (CRP)

LOCATION: From the intersection of Highway 136 and 578 Avenue (Plymouth Highway), 2 miles North & ¾ East to the Southwest corner of the Tract.

LEGAL DESCRIPTION: The East Half (1/2) of the Southeast Quarter, Section Sixteen (16), Township Three (3) North, Range Four (4) East of the 6^th Principal Meridian, Jefferson County, Nebraska subject to easements and restrictions, whether of record or not.

GENERAL DESCRIPTION: This gently rolling tract is mostly in CRP.  A creek and timber run through this tract that would be ideal for hunting.  Per the Assessor, the tract contains 80 acres.

FSA INFORMATION: FSA data shows that there is a total of 62.56 acres of cropland.  DCP Crop Data is as follows:

CRP CONTRACT INFORMATION: There are a total of 3 CRP contracts on this tract over 61.8 acres.  All contracts expire September 30^th, 2019.  The total payment is $6,100.  The 2017 payment shall belong to the Sellers.  The Buyer shall receive the 2018 and all subsequent years’ payments.  Buyer agrees to abide by the existing CRP contracts and assume all liability for future non-compliance and/or contract termination.

REAL ESTATE TAX:  The 2016 gross real estate tax for this tract is $1,705.37.

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INFORMATION FOR ALL TRACTS

MINERAL & WATER RIGHTS: Any mineral, water, or wind rights owned by the Sellers will transfer to the Buyer.

INSPECTION: The ground is open for inspection with respect for the tenant’s crop. 

POSSESSION: Full possession will be granted March 1, 2018.

TAXES: Seller shall be responsible for the 2017 taxes.  All prior years’ taxes have been paid by the Sellers.  The Buyer will be responsible for all subsequent years’ taxes.

MANNER OF SALE: The property will be sold by dollars per acre times the assessed acres.  The tracts will be offered individually and will not be combined.

TERMS: An earnest deposit equal to 20% of the purchase price shall be paid the day of the auction upon signing the purchase agreement.  The balance shall be paid on closing which will be on or about December 30^th, 2017 in the form of certified funds.  Title insurance and escrow closing fees shall be shared equally between Buyer & Sellers.  Any lender’s policy or required endorsements shall be the expense of the Buyer.  Abstract &Title, Inc. shall be the title insurance company.  Schultis & Son, Inc. will conduct the escrow closing.  The farm is not being sold subject to loan approval or with any contingencies.  Make all financial arrangements prior to the auction.  The property is sold in “AS IS” condition with no survey, warranties, inspections, repairs, or treatments provided or paid for by the Seller or Real Estate Firm.  Schultis & Son, Inc. are agents of and represent the Seller in this transaction.  Any announcements made the day of the auction take precedence over printed or oral information provided.  The sale is subject to confirmation by the Sellers.

THE RAHE FAMILY, OWNERS