GENERAL INFORMATION:
Unimproved 120 acre Boone County farm. Mostly
rolling, all adjoining, 100% farmable.
LEGAL DESCRIPTION:
The N1/2 SW1/4 and the SE1/4 SW1/4, Section
11, Township 21 North, Range 5 West of the 6th
P.M. Boone County, Nebraska.
FSA INFORMATION:
118.3 cropland acres, 43.9 corn base acres, 43.7
soybean acres.
TERMS AND CONDITIONS OF
SALE: Terms of sale are cash with a 10%
down payment the day of the auction and the
balance on or before June 16, 2008 the date of
final closing. At closing the buyer will receive
landlords possession and receive the 2nd half of
the 2008 cash rent. Full possession will be given
to the buyer March 1, 2009 following the
expiration of the 2008 lease.
Any base
acres to which the property is entitled will pass
to the buyer. Sellers will pay the 1st half of the
2008 taxes, buyer to pay 2nd half of the 2008
taxes. (2007 taxes were $2,124.04) Cost of title
insurance will be divided equally between buyer
and seller. Buyers are reminded this is a cash
sale. Any needed financing must be arranged prior
to bidding, no bids will be accepted that are
subject to financing. Fowlkes Realty & Auction
Co., Inc. and its agents represent the sellers as
sellers agents.
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