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General Description
Tract 2 is 112.29 acres with 87.5 certified irrigated acres with remaining acres dry cropland and roads. There is an irrigation well with a 50 hp electric irrigation motor and an Olson 10 tower center pivot that is included with this tract. The land is located on the Southwest edge of Cedar Rapids, Nebraska and the local elevator is only a few blocks away. Please visit www.bigironrealty.com to read the title insurance commitment and review the utility and submersible well easements on this tract.
Please Note the Special Bidding Instructions For Tracts 1, 2 & 3
The scheduled closing time on Tracts 1, 2 & 3 will be automatically extended when any one of the tracts receives a bid in the last 5 minutes and will close simultaneously when none of the tracts receives a bid for 5 minutes. This will allow bidders to monitor each tract without the fear of missing out on any one tract.
Bid Increment
The bidding increments will be $50 per acre. The final sale value will be calculated based on 112.29 acres times highest bid.
BIDDING PROCESS:
You may place bids on this farm beginning January 11. Bidding concludes on January 25th. 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:
Part of the SE¼ of Section 6-18-7W Boone County, NE containing 112.29+/- acres
The farmland and cropland acres for Tract 2 and Tract 3 are combined and will be split at the FSA office.
2017 Real Estate Taxes:
$5894.18
Land Location:
The land is located on the south edge of Cedar Rapids, Nebraska.Watch for the “for sale” signs.
Terms
The successful high bidder of each tract will be required to enter into a written purchase agreement. Buyer must make a 15% non-refundable down payment 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 March 1, 2018. Buyer will receive full possession on March 1, 2018. Seller will provide marketable title to the buyer evidenced by Title Insurance. Boone County Title and Escrow will facilitate the closing. Title insurance and closing costs will be split 50/50 between the buyer and seller on each tract. The current year real estate taxes will be paid by the Seller and 2018 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. 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.
Seller:
Geri A. Jasper and James J. Vanderloop, Trustees of the Mary Ann Vanderloop Revocable Trust
Seller’s Attorney:
Jarecki, Yosten & Maul, P.C., L.L.O.
Title Services:
Boone County Title & Escrow, LLC
For more information, contact listing agent:
Mark Stock 402-276-2077
Location
Terms
There may be several pages of items listed, scroll to the bottom of the screen to see all items. 1st 3 items close at Thu, Jan 25, 2018 10:00 AM CDT with each additional 3 items closing at 30 minute intervals there after unless time extends.The auction carries a 5 minute extension. Any bids placed in the last 5 minutes of a time slot will extend the lot 5 additional minutes. This is an unreserved online-only internet auction event.No minimums, no reserves, no buy backs, no one bidding for the Seller.Each piece will sell without reserve to the highest bidder. To sell Equipment, Real Estate, Livestock on our next auction call a sales representative today, 1-800-937-3558.