Top-Producing West-Central Saunders County Improved Dryland Farmland Auction

TOP PRODUCING WEST-CENTRAL SAUNDERS COUNTY IMPROVED DRYLAND
FARMLAND
AUCTION

* * * 160 ACRES SELLING IN 2 TRACTS * * *

MONDAY, FEBRUARY 15, 2010   2:00 PM
***POSTPONED UNTIL 2:00 PM DUE TO INCLEMENT WEATHER***
PRAGUE, NE: Auction held at the Parrish Hall on Main Street.

* * * TRACT # 1 – 80 ACRES WITH IMPROVEMENTS * * *

This Top-Producing Farm features approximately 80 acres of  Farmland, Pasture Land and Farmstead Building Site. The Farm has been utilized in the past as mostly a livestock operation with the majority of the land still remaining in pasture (approximately 45 acres) with the balance of approximately 28 acres in Farmland and approximately 7 acres in building site. A large portion of the pasture land could be broken up and farmed, if so desired, as all of the land is Highly Productive Class III soils MnC, MnC2 (Monona Silty Clay Loam) and ShD2, ShD3 (Sharpsburg Silty Clay Loam).
The Building Site features an older 2-Story, 5-Bedroom Farm Home, (2) Metal Quonset-type Storage Buildings, Barn, Corncrib, Small Grain Bin, Garage and a few other smaller Outbuildings. The Home features nearly 1,900 Square Feet of Living Area on 2 Levels, a Full Bath area, Newer Roof, Well & Septic System (All in last 10 years), but needs some tender loving care and updating. This Property Truly deserves your interest and inspection!

LEGAL DESCRIPTION: The West Half of the Southeast Quarter (W ½ SE ¼) of Section 31, Township 16 North, Range 6 East of the 6th P.M., Saunders County, Nebraska, containing approximately 80 acres, more or less.

2009 REAL ESTATE TAXES:
2009 REAL ESTATE VALUATION:

* * * TRACT # 2 – 80 ACRES * * *

This Top-Producing Farm features approximately 80 acres of Farmland with nearly all land that is tillable (Approximately 77 acres, more or less). The Land features all Highly Productive Class III Monona (MnC, MnC2) and Sharpsburg (ShD2 & ShD3) soils. Access to the Land is excellent, as there are County Gravel Roads on the entire East & South Boundaries. This farm also lays adjacent to Tract # 1 and can be purchased together for a square Quarter Section of Land. This Farm truly deserves your Interest & Inspection as well!

LEGAL DESCRIPTION: The East Half of the Southeast Quarter (E ½ SE ¼) of Section 31, Township 16 North, Range 6 East of the 6th P.M., Saunders County, Nebraska, containing approximately 80 acres, more or less.

2009 REAL ESTATE TAXES:
2009 REAL ESTATE VALUATION:

FARM SERVICE AGENCY (FSA) INFORMATION:

FARM NUMBER   - 9898
FARM ACRES    - 160
TILLABLE ACRES   - 110.3
CORN BASE    - 51.0 ACRES
YIELD (DRYLAND)   - 86 BUSHELS (DIRECT YIELD)
      108 BUSHELS (CC YIELD)
SOYBEAN BASE   - 53.8 ACRES
YIELD (DRYLAND)   - 27 BUSHELS (DIRECT YIELD)
      33 BUSHELS (CC YIELD)

TERMS OF THE REAL ESTATE AUCTION

An Earnest Deposit of $ 25,000.00 per Tract will be required on Auction Day. The Balance will be due on or before March 12, 2010. Title Insurance & Escrow Closing Fees will be divided equally between Buyers and Sellers. Marketable Title.

POSSESSION: Full 2010 Crop Year Possession will be given to the New Buyers on Closing Day.

REAL ESTATE TAXES: All 2009 and prior Years Real Estate Taxes will be paid by the Sellers. All 2010 Real Estate Taxes will be paid by the new Buyers.

AGENCY DISCLOSURE: Any/all Agents in involved in the Real Estate Transactions are Agents of and Represent the Sellers.

1031 EXCHANGES: Any Buyers desiring to do a 1031 Tax Exchange will need to make prior arrangements with the Auction Company at least 3 days prior to the Auction. We will attempt to accommodate any Buyers wishing to do an Exchange.

AUCTIONEER’S NOTE: Make plans to attend this Interesting Auction. The heirs of the Brtek Family have made the decision to sell the Home Farm place and are offering it at Public Auction. This is your opportunity to Purchase a Farm that has been in the same Family for nearly 90 years! For More Information, Please Contact the Auction Company or visit the web site at www.nitzauctions.com.

ROGER BRTEK, ELIZABETH (BETTY) HAMATA AND DIANNE CHMELKA – SELLERS