277 +/- Acres Burt County Farmland Auction - Selling in Two Tracts

December 4, 2017

1:30 p.m. - Tekamah City Auditorium, Tekamah, NE

Owners:  Shafer Family Farm Trust

Direction to Property:    From Tekamah:  Head East on M St. Continue onto Rd GH.  Follow to 45 and CR IJ.  Property sits on the South side of the Road.  Watch for Signs.

FSA Information:  Actual FSA Information will be determined after split.

Corn Base: 228.5       CC Yield: 153          Bean Base:  24.5        CC Yield:  52               Farmland: 276.23       Cropland:  253.59

Tract 1:  156 +/- Acres.  Exact Acres to be determined upon final survey.  Includes 13+/-Acres of Timber.

Legal Description:  N 1/2 SE 1/4 & SW 1/4 SE 1/4 Section 12, Township 21, Range 11 & NW 1/4 NE 1/4, Section 13, Township 21, Range 11, Arizona Township, Burt County, Nebraska.

2015 Taxes:  $9,014.36

Includes:  (2) Towable Pivots:  1 - 1977 4 Tower Electrogator 680, 2 pads.   1- 1977 4 Tower Electrogator 80, 2 pads, Both updated to Low pressure spring of 2017. 

New electric well service spring of 2017.  Includes underground wire from road.  Electric panel boxes and new 40 hp. US Motor.

Approximately 90 Sections (2700 ft.) 7" High Pressure Irrigation Pipe. 

Well Registration #59136

Tract 2:  121 +/- Acres.  Exact Acres to be determined upon  final survey.

Legal Description:  N 1/2 SW 1/4 & SW 1/4 SW 1/4 Section 12, Township 21, Range 11, Arizona Township, Burt County,       Nebraska. 

2015 Taxes:  $6,704.48

Includes:   1 Non Towable Pivot:  1975 10 Tower Reinke Minigator (High Pressure) 60 hp. US Motor.  Motor Rebuilt by the Pump Shop in Tekamah. 

Well Registration # G-33842

Terms of Auction: The successful bidder will be required to enter into a written Purchase Agreement with a 10% down payment the day of the auction.  The balance will be due at closing on or before January 4, 2018.  Full possession at closing with Tenant's Rights in place until March 1, 2018.  Seller will provide marketable title to the Buyer, evidenced by a policy of Title Insurance.  Cost of Title Insurance will be divided equally between Seller and Buyer.  The 2017 and prior Real Estate Taxes will be paid by Seller.  Property will not be sold subject to financing.  Please have all financial arrangements made prior to the auction.  All announcements the day of the auction will take precedence over anything written or implied.

Conditions:  This sale is subject to all easements, covenants, leases and restrictions of record.  All property is sold “as is-where is” with no warranties or guarantees, expressed or implied, by Sellers or Auctioneers.

Announcements:   Property information provided herein was obtained from sources deemed reliable, but the Auctioneer or Seller make no guarantees as to its accuracy.  All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions.  All sketches, dimensions, and acreage figures in this information are approximate or “more or less.”  Any announcements made auction day by the Auctioneer will take precedence over previous material or oral statements.  Bidding increments are solely at the discretion of the Auctioneer.  No absentee or telephone bids will be accepted at the auction without prior approval of the Auctioneer.  All decisions of the Auctioneer are final.  While it is the Sellers intent to sell, they reserve the right to reject the final bid.  Olson Pearson Auctions and Realty and their representatives are agents of the Seller.