Hwy 18, Cambridge, NE 69022 - Frontier County

309 Acres (+/-) Frontier County, NE

Pivot Irrigated, Dry Cropland & Grass

ABSOLUTE LAND AUCTION

Wednesday October 16, 2019 10 AM

Community Building - Cambridge, NE

Douglas A. Houser - Owner

Take advantage of this opportunity to acquire 309 Acres (+/-) of productive Frontier County, Nebraska Pivot Irrigated, Dry Cropland & Grass offered in 1 Tract. The tract consists of 92.4 Acres (+/-) of productive Cropland with desirable, productive Soils plus 180 Acres (+/-) of Grass. This farm is located 16 miles (+/-) Northeast of Cambridge with Hwy 18 dividing the two quarters.

LEGAL DESCRIPTION: SE (Less a Tract in S S) of Section 3 & NE (Less a Tract in NE NE & a Tract in N N) of Section 10 All in T6N - R25W Frontier County, Nebraska

THE TRACT: 309 Acres (+/-) consists of 50 Acres (+/-) Irrigated under the Pivot and 60.68 Acres (+/-) Dry Cropland. The Cropland on this tract is predominantly Holdrege & Hall Silt Loam soils. The Pivot acres were oats and the balance cane this year. Hwy 18 lies between these quarters & County Road 412 along the East side of the North quarter provides good access. A concrete culvert under Hwy 18 for cattle to pass through connects the pastures with 180 Acres (+/-) of Grass. A stock well with a submergible pump on the South side of the Hwy and underground pipe to the tank in the North pasture provides water for both sides with serviceable boundary fence around the pastures. A 9-Acre (+/-) tract of grass on the North end of the North pasture has no division fence and the Seller rents this.

IRRIGATION EQUIPMENT: Reinke 7-Tower Pivot with Drop Nozzles, End Gun with shut-off & 11-22.5 Tires on all towers except the end tower has 11.2-38 tires. Cummins BT4 4-Cyl. Turbo Diesel Engine with 8724 hours showing, cooling tank, gauges and a 1000-Gallon Diesel Fuel Tank. An Amarillo Gearhead with a Western Land Roller Pump set to 800-gpm with 8-in Aluminum Pipe to the Pivot.

NATURAL RESOURCES DISTRICT: Middle Republican NRD has Irrigation Well #G-092542 registered on NE 1-6-25 with 95 Acres Certified.

NEBRASKA DNR DATA: 6 Well at 800-gpm

FSA DATA: (estimate)

Contract Acres: Corn 51.83 Soybeans 7.68 Grain Sorghum 20.99 Wheat 14.81 Oats 7.34

Direct Yield Average: Corn 87 Soybeans 40 Grain Sorghum 63 Wheat 38 Oats 48

2018 TAXES: $ 3738.36

POSSESSION: Buyer shall receive Landlords Possession at Closing with Full Possession March 1, 2020.

MINERAL RIGHTS: Buyer shall receive all Mineral Rights now owned by Seller, if any.

METHOD OF AUCTION: This Tract will Sell as one Tract undivided.

SUBJECT TO: Existing fences, boundaries, covenants, easements, leases, oil and gas leases, if any, and roads as the same may appear of record. All acre amounts are Estimates Only.

TERMS: The purchaser shall make a 20% earnest deposit the day of the auction. The balance due at Closing with first half on or before November 1, 2019 and second half on or before January 8, 2020. Upon Closing, Buyer shall receive Landlords Possession with Full Possession March 1, 2020. 2019 and prior years real estate taxes paid by Seller. The cost of Title Insurance / Escrow Fee shall be divided equally among the Buyer and Seller. All of the property sells in as is condition, no warranties. Announcements made at the Auction take precedence over any advertising. Prospective buyers should inspect the property and draw their own conclusions. Heartland Partners Realty & Auctioneers are agents representing the sellers.