Madison

&

Boone County

LAND AUCTION
Monday, December 11, 2006 · 1 p.m.

Auction and Land Location: From Newman Grove, NE

2 miles West on 822 1/2 Road (hard surface county road)

(Turn West off highway 45 at Burrows St. which becomes 822 1/2 Road)


CHOICE 155 ACRES

GENERAL INFORMATION: Mostly nearly level bottomland (NHEL) with a farmstead along the North boundary. The farmstead will first be offered as an approximate 4 acre tract separate from the farmland, then offered combined with the farmland as one unit, selling in whichever method totals the highest selling price for the sellers. The farmland is presently pivot irrigated with the well powered by a 75 hp electric motor. The pivot, motor and pump are owned by the tenant. The buyer will be given a $30,000 credit/allowance at closing to be used toward the purchase of the present irrigation equipment or new replacement.

LEGAL DESCRIPTION: The SE1/4 of Section 31, Township 21 North, Range 4 West of the 6th P.M. Madison County, Nebraska. (County oiled road on North boundary passes through the middle of the section)

FSA INFORMATION: 145.6 cropland acres, 103.1 corn base acres with a 122 bu. yield, 41.9 soybean base acres with a 37 bu. yield. Classified as NHEL, does not contain wetlands.

WELL INFORMATION: Irrigation well new in 1996, static water level 75’, pumping level 120’, total well depth 312", pumping rate set at 800 gpm.

TAX INFORMATION: (Includes house, buildings and bins) Taxed as 155 Acres. 2005 taxes: $5,035.24.

SOILS INFORMATION: Hobbs silt loam, shell silty clay loam, Alcester silty clay and Nora-Crofton Complex.

 

ACREAGE

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Attractive Colonial Style 5 bedroom Home. Recent new windows, siding, roof and high efficiency furnace. Detached big family room/recreation room with fireplace.

Other improvements include: 24’x 26’ detached garage, 40’x50’ barn, 44’x80’ machine shed, 26’x42’ granary, 3 grain drying and storage bins with approximately 25,000 bu. of storage. Concrete silo, and other misc. bldgs.

Call for an appointment to see these improvements – Call Dennis at 402-447-6113.

This acreage with improvements will be offered both separate from the farmland and then together with the farmland as one unit, selling in the method creating the greatest total sale price for the sellers. Cost to survey off acreage is sold separate will be divided equally between buyers and seller.

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100 ACRES

GENERAL INFORMATION: Rolling dryland farm located about 1/2 mile West of the 155 acres. Good producing soils,100% farmable except for shelterbelt on North boundary. 95.1 cropland acres with a 66.9 corn base and a 27.3 soybean base. 2005 taxes: $1,631.96. (Taxed as 100 acres).

LEGAL DESCRIPTION: NE1/4 SE1/4, N1/2S1/2SE1/4, S1/2NW1/4SE1/4 all in Section 36, Township 21 North, Range 5 West of the 6th P.M. Boone County, Nebraska.

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TERMS AND CONDITIONS OF SALE

The terms of sale are cash with a 15% down payment immediately following the auction at which time the buyer or buyers will be required to enter into a written purchase contract calling for the balance on or before March 1, 2007, the date of final closing. Possession on final closing. The seller will be paying the 2006 taxes and the buyer or buyers paying the 2007 and all subsequent years’ taxes in full. Cost of title insurance and the costs associated with closing will be divided equally between buyers and sellers. Should survey be required, the cost of survey shall be divided equally between buyers and sellers. Any difference in acres, plus or minus, that might be determined as a result of that survey shall not change the sale price of that tract or any other tract involved in this auction. Any and all base acres which the FSA office shows the property to have will pass to the buyer(s). Any announcements made day of auction shall take precedence over any earlier announcements, verbal or written. Information contained herein is from sources we deem reliable, however is not guaranteed. No warranty is made or implied as to property boundaries, soil productivity, or water supply. Buyers should inspect the property, gather their own information, and bid accordingly. This property, like property that sells anywhere, is being sold subject to all easements, gas, oil or mineral reservations and all restrictions of record if there are any. Buyers are reminded this is a cash sale. Any needed financing should be arranged prior to bidding. Fowlkes Realty & Auction Co., Inc., and its agents represent the seller as sellers’ agents.

Fowlkes Realty & Auction Logo

500 Hale Street · Newman Grove, NE 68758

(402) 447-6113 or (800) 275-5522

 

CLARENCE NELSON TRUST AND DELORIS NELSON TRUST, OWNERS

Douglas C. Nelson & Kathleen M. Lee, Trustees

 

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