SCHMIDT IRRIGATED LAND AUCTION

Auction in Fairbury Nebraska, United States

24 Friday
January 24th, 2020
Schultis & Son, Inc.
Phone: 402-729-2435

SCHMIDT IRRIGATED LAND AUCTION

Auction in Fairbury Nebraska, United States

Friday at - 24th January , 2020

Notes

THIS IS A LIVE SIIMULCAST AUCTION. LEGAL DESCRIPTION: The NW 1/4 of Section 16, Township 3 North, Range 3 East of the 6th PM, Jefferson County, Nebraska.LOCATION: From the Junction of Hiways 15 and 136 at Fairbury, NE to about 3.5 northeast on Hiway 136 to 572 Ave. and 4 miles north to 718 Road or from Plymouth, NE to 6 miles west on Hiway 4 to 572 Ave. and 5 miles south to 718 Road. Directions are to the NW corner of the farm.GENERAL DESCRIPTION: This good producing, nearly level to rolling farms consists of 160 cares with 148.54 acres tillable according to FSA records. All cropland is designated as HEL. The farm has newer tile, terraces, and waterways in place. It has a newer (2017) Valley center pivot. There is no power unit, but there is a concrete pad and metal canopy for one. The farm consists of about 60% Crete soils. Owners have completed soil grid samplings and have applied lime, phosphat, and potash as needed. The well is 8", 700 gpm and was completed in 2016. Access is provided by good gravel roads on the north and west sides. The farm is enrolled in PLC for 202. The farm is not enrolled in HIP. Base acres and PLC Yield are as follows: Wheat, 27.7 base acres, 34 PLC yield; milo, 71.7 acres with 72 yield: soybeans, 6.8 acres and 35 yield.INSPECTION: The farm is open for inspection anytime.TAXES: 2019 and all prior years taxes are paid by the Seller. The 2019 real estate taxes ere $11,354.46.MANNER OF AUCTION: The price for the farm shall be dollars per acre times 160 acres.TERMS: A non-refundable earnest deposit of 10% of the purchase price shall be paid down upon signing purchase agreements. The balance shall be due on or before February 22, 2020 or when deed and title insurance commitment are deliverable to the the Buyer. The cost of title insurance and escrow closing shall be shared equally between the Buyer and Seller. Abstract & Title, Inc. shall be the title insurance company and conduct the escrow closing. The property is not being sold subject to loan approval and treated as a cash sale. 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. A 2% buyer's premium will be added to the high bid to determine the sale price for online buyers. Schultis & Son, Inc. are agents of and represent the Seller in this transaction.

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    160 ACRE IRRIGATED JEFFERSON COUNT...

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