Madison

County

LAND AUCTION

Monday, March 12, 2007 · 1 p.m.

AUCTION LOCATION: Senior Center Downtown Newman Grove, Nebraska

LAND LOCATION: From Newman Grove, NE approximately 8 miles North on Highway 45 (big curve towards Petersburg) then 1/4 mile East on 830 Road.

80 ACRES

LEGAL DESCRIPTION: The E1/2NW1/4 of Section 27, Township 22 North, Range 4 West of the 6th P.M. Madison County, Nebraska.

FSA INFORMATION: 78.0 cropland acres, 52.2 corn base acres, 6.3 soybean base acres and 5.0 oats base acres.

TERMS AND CONDITIONS OF SALE: The terms of sale are cash with a 10% downpayment the day of auction and the balance on or before April 2, 2007 the date of final closing.The property is under an existing lease which expires March 1, 2008. Buyer will receive landlord possession at closing and full possession March 2, 2008.

GENERAL INFORMATION: Unimproved dryland farm with approximately 78 cropland acres of Hobbs, Crofton and Nora-Crofton Soils. The 2006 taxes were $1,891.10.

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Fowlkes Realty & Auction Logo

500 Hale Street · Newman Grove, NE 68758

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

Charles H. Carnes, Sr.

Trustee of the Youngquist Power of Appointment Trust, Owner

 

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