144.5+/- Acres Platte County

General Description

Good laying, 100% farmable, pivot irrigated farm.Zimmatic pivot with Generation II updates in 2013, including new sprinklers, new end gun booster and automatic restart and automatic reverse.A G.E. 100-hp electric motor powers the well that was originally test pumped to 1000 gpm.The well was totally rebuilt top to bottom in 2014.The farm is located in the Lower Platte North NRD and has 113.3 certified irrigation acres.The property is taxed as 144.5 acres, Newman Grove School District #13.

Bid Increment

The bidding increments will be $50/acre. The final sale value will be calculated based on 144.5 acres times highest bid.

BIDDING PROCESS:

You may place bids on this farm for 21 days prior to and including December 7th.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 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.

Attend Farm and Online Bidding Auction Information Meeting Wednesday, December 6th and Thursday, December 7th

Fowlkes Realty & Auction LLC

516 Hale Avenue

Newman Grove, NE

BigIron Realty agents will be at the BigIron Realty/Fowlkes Realty Office in Newman Grove, NE, on Wednesday, December 6th from 2:00 p.m. to 5:00 p.m. and on Thursday,December 7th from 8:00 a.m. until the conclusion of the online auction for buyers that need assistance with online bidding.Your attendance is not required to participate in bidding.You may bid from work, home, or use your mobile device.

LAND LOCATION:

Extreme NW Platte County, NE.From Newman Grove, 1½ miles West on 822½ Road to 535 Ave., then ½ mile South.Located in Walker Township.

LEGAL:

2016 TAXES:

$6,842.00

FSA INFORMATION:

144.53 cropland acres, 142.23 corn base acres, 144.53 DCP cropland, no wetlands. (Records have been transferred to Madison County FSA office)

SOILS INFORMATION:

(From the USDA web soil survey) Hobbs silt loam, Shell silt loam, Moody silt clay loam, Alcester silty clay loam, Nora silt loam and Nora-Crofton complex.

Terms

The successful buyer will be required to enter into a written purchase agreement 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 26, 2018. Buyer will receive full possession on the date of closing. Seller will provide marketable title to the buyer evidenced by a title insurance policy. The 2017 real estate taxes will be paid by the Seller. 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 controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed or implied. BigIron Realty is working for the seller. NOTE: The seller applied fertilizer to the land in November 2017 to assist the buyer in preparing for the 2018 crop. The buyer will, at closing, reimburse the seller for actual cost of the fertilizer, which is $8,922.50. (Breakdown of the cost is available at the broker’s office.) A first right of refusal on this property was granted to Ross and Amy Nelson in 2015. In that document the Nelsons have 3 days to match the highest bid received on this online auction. Should the Nelsons choose not to execute their option by Dec 11, 2017 or do prior to that time release their rights to the first right of refusal the high bid of the online auction will be accepted.

For more information, contact listing agent:

Dennis Fowlkes Cell:402-741-0809 Office:402-447-6113