B1: 155.3+/- Acres Boone County, Nebraska

1,594.38+/- Acres Madison & Boone Counties in Nebraska

Selling in 10 Tracts At

UNRESERVED ONLINE AUCTION

Bidding opens October 25, 2018, and ends November 8, 2018

Tract B1:  155.3+/- Acres

Here’s your opportunity to purchase a nice dryland quarter, just east of Albion right on Hwy 91.  The farm lays flat to rolling, typical of the area.  The FSA has 151.97+/- crop acres on this farm.

Attend The Online Auction Information Meeting

Cardinal Inn

2588 State Hwy 14

Albion, NE 68620

BigIron Realty Agents will be at the Cardinal Inn in Albion, Nebraska, on Tuesday, November 6, 2018, from 1:00 p.m. to 3:00 p.m., and Thursday, November 8, 2018, from 8:00 a.m. until the conclusion of the online auction.  Please come during the times scheduled to discuss the farm.  BigIron Representatives will be there to assist buyers with registering to bid online.  You do not have to be present to bid online but are required to be available by phone.

BIDDING PROCESS: You may place bids on these properties for 14 days beginning October 25, 2018 and ending November 8, 2018 (see below the special bidding instructions). This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed.  NOTE: Do not wait until the day the auction closes to register to bid online.  All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.

**PLEASE NOTE:  SPECIAL BIDDING INSTRUCTIONS ON ALL TRACTS

The scheduled closing time on all of the Madison County tracts will be at 10:00 a.m. 

The scheduled closing time on all of the Boone County tracts will be at 1:00 p.m.

The closing times will be automatically extended when any one of the coupled tracts receives a bid in the last 5 minutes and will close simultaneously when none of the tracts receive a bid for 5 minutes. This will allow bidders to monitor each tract without the fear of missing out on any other tract.

Legal Description: The NW ¼ of Section 21-20-5W Boone County, Nebraska, containing 155.3+/-acres

2017 Taxes:  $5,299.24

Land Location:  From Albion, Nebraska, go 5 miles east on Hwy 91

Seller:  Norman Ochsner Revocable Trust

Trustee:  Cornerstone Bank

Attorneys:  Dennis Collins of Jewell & Collins

Jim Fehringer of Fehringer & Mielak, LLP

For more information, contact listing agents:

Jim Stock 402-920-0604, John Stock 402-920-3180

The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a $100,000 non-refundable down payment to be payable to BigIron Realty Trust Account.  The earnest deposit can be made by a personal check, company check or by wire transfer. The balance will be due at closing on or before January 30, 2019. Buyer will receive full possession March 1, 2019. Seller will provide marketable title to the buyer evidenced by Title Insurance; the title insurance and closing costs are split 50/50 between the buyer and seller.  The 2018 real estate taxes will be paid by the Seller, and the 2019 Real Estate Taxes will be paid by the Buyer.  Property will not be sold subject to financing.  Please have all financial arrangements made prior to the auction.  All mineral rights that are owned by the Sellers if any will transfer to the new Buyer.  The seller will cooperate with any buyer wanting to complete a 1031 tax deferred exchange.  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 any and all other 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.