158.18+/- Acres Hall County, NE

158.18+/- Acres Hall County, Nebraska

Selling on Our

UNRESERVED ONLINE AUCTION

October 18, 2022

Bidding opens October 4, 2022, and concludes October 18, 2022, at 10:00 a.m. CDT.

This nice farm is pivot and gravity irrigated. The tenant owns all the equipment, including the pivot, power units, gravity pipe, and fittings. According to the Central Platte NRD, there are 130.97 certified irrigatable acres. There are 3 wells on the property. Fairbanks Irrigation of Wood River has done the latest work. The latest invoices are on the website, but the seller has kept all the invoices for most, if not all the work, done over their ownership. The farm is close to a blacktop road and local markets, including an ethanol plant. Add this productive farm to your operation with the power of BigIron Realty!

NOTICE: Approximately one acre located on the south edge of the real estate may not be conveyed without a cloud on the title to the real estate at the time of closing. Counsel for the seller is working diligently to resolve this issue prior to closing, however, this notice is provided to you to advise that it may not be resolved prior to closing. Please call Rex Mahoney at 402-649-1816 for any questions.

The bidding increments will be $50 per acre. The final sale price will be calculated on a per acre basis times the highest bid received on each tract.

Plan to Attend the Online Meeting and Auction:

Ramada Midtown Conference Center

2503 S Locust

Grand Island, NE

BigIron Realty Agents will be at the Ramada Midtown Conference Center, in Grand Island, NE, on Tuesday, October 18, from 8:00 a.m. until the conclusion of the online auction. BigIron Realty Representatives will be there to assist Buyers with registering to bid online. Please come during the times to discuss the farm or call Rex Mahoney, listing agent, at 402-649-1816. You do not have to be present to bid online.

BIDDING PROCESS: You may place bids on this farm beginning October 4, 2022, and ending October 18, 2022, at 10:00 a.m. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled ending time, the bidding period is automatically extended for five more minutes. The extension process will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the last day of the auction to register to bid online. All bidders must be approved to bid. Register at least 24 hours prior to the last auction day, or call 402-564-3369 for assistance.

Legal Description: The NE ¼ of Section 15-T11N-R11W, Hall County, NE, containing 158.18+/- acres.

Land Location: Take Hwy 2 northwest of Grand Island, NE, to Airport Road. Proceed 6 miles west on the blacktop to N Schauppsville Road. Go 2 miles south to 13^th Street. The farm lies to the southwest of that corner.

Real Estate Taxes: $9,482.70

Investors: The long-time tenant will stay on if needed. The acreage is surveyed out and is not part of this sale.

Seller: Bruhn Family Farms

Title Services: Boone County Title & Escrow, Albion, NE.

For more information, contact listing agent:

Rex Mahoney, 402-649-1816

Terms:  The successful buyer will be required to enter into a written purchase agreement immediately after the sale. Buyer must make a $100,000 non-refundable down payment payable to BigIron Realty Trust Account. The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before December 6, 2022. Buyer will receive full possession on March 1, 2022. Seller will provide marketable title to the buyer, evidenced by Title Insurance. Boone County Title & Escrow, Albion, NE, will facilitate the closing. Title insurance and closing costs will be split 50/50 between the buyer and seller on each tract. The Seller will pay the 2022 real estate taxes, and the buyer will pay 2023 real estate taxes. The property will not be sold subject to financing. Please have all financial arrangements made prior to the auction. Buyer and seller agree to cooperate on a 1031 exchange, if applicable. The written purchase agreement to be signed by the seller and buyer after the auction is the sole and controlling document of this sale and supersedes all terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.