TOP PRODUCING NORTHWESTERN DOUGLAS COUNTY
IRRIGATED AND DRYLAND
NO RESERVE FARMLAND AUCTION
192 ACRES SELLING IN 4 TRACTS
FRIDAY, NOVEMBER 3, 2023 10:00 AM
VALLEY, NE: Auction held at the Pines Country Club in Valley
Online Bidding available by clicking the 'Bid Online Now' button above.
Detailed information for each Tract may also be found by clicking the 'Bid Online Now' button above.
This Top Producing Farmland Auction features 4 separate Farms all located just North of Valley, NE. All 4 Farms are Top Producing and have Excellent soils, great access and even some development potential, as 1 of the Farms is in the City of Valley jurisdiction! All of the Farms are located within 3 miles of one another, so if you are interested in all 4 Farms, there is not much travel distance between them! These Farms TRULY deserve your interest and inspection! Any/all of them would be a great addition to your current operation!
TRACT # 1 – 40 ACRES NON-IRRIGATED
TRACT # 2 – 32 ACRES NON-IRRIGATED
TRACT # 3 – 40 ACRES PIVOT-IRRIGATED
TRACT # 4 – 80 ACRES NON-IRRIGATED
AUCTIONEER’S NOTE: Make your plans now to attend this Large and Interesting Auction! Due to the recent passing of Frank Vencil, the family has made the decision to sell the Farms to settle the Estate. This is a Once-in-a-Lifetime Opportunity to own some Top Producing and Top Quality Farms located just 5 short minutes from Omaha and all Farms are Selling Absolute to the Highest Bidder – NO MINIMUMS OR RESERVES! For additional info, brochure or a private tour of the Farms, Please contact the Auction Company at 402-727-8800. Coffee & Muffins Served at the Auction!
FRALYN FARMS, INC. – SELLERS
Each Tract Sold by the Acre
Tract #1 – 40 Acres (Bid Amount x 40 = Purchase Price)
Tract #2 – 32 Acres (Bid Amount x 32 = Purchase Price)
Tract #3 – 40 Acres (Bid Amount x 40 = Purchase Price)
Tract #4 – 80 Acres (Bid Amount x 80 = Purchase Price)
TERMS OF THE AUCTION: An Earnest Deposit of $ 100,000.00 per Tract will be required on Auction Day. The balance will be due on/before November 30, 2023. Title Insurance and Escrow Closing Fees divided equally between Buyer and Seller. Marketable Title will be Provided. 1031 Tax Exchanges Welcome (More Information available by contacting the Auction Office). Agents Represent Sellers. FULL 2024 CROP YEAR POSSESSION ON ALL 4 FARMS!
ONLINE BIDDING PARTICIPATION REQUIREMENTS: Valid Credit Card required for bidding approval. Authorize.net will ping your card for $500, this ping will come off within 72 hours. A credit card is required to bid but is not an accepted form of payment. The auction company reserves the right to ask for additional information to allow bidding on real estate.
.5% Buyers Fee Auction for Online Bidders ONLY-Successful high bid plus the buyer’s fee equals the total price offered. Winning bidder is contractually bound and will enter into a Contract to Purchase immediately upon being declared the successful bidder by the auctioneer. Upon the close of the auction, the winning bidder will be forwarded a Contract to Purchase via dotloop, all signors will need their own email address to facilitate signatures via dotloop. Signatures via dotloop or in person are required on auction day. All individuals and spouses purchasing the property are REQUIRED to sign the Purchase Agreement, no matter how many individuals are purchasing the property.
$100,000.00 as earnest money will be due upon acceptance of the Sales Contract by wire transfer or cashier's check.
This Auction transaction is NOT contingent upon financing, sale of another property, 1031 tax exchange, inspections or for any other reason – THIS IS A CASH TRANSACTION. 1031 Tax Exchange Buyers are all welcome, but the sale is not contingent upon the Buyers’ ability to perform an exchange, nor the successful completion of an exchange for any reason.
All Prospective Buyers are required to make all financing arrangements prior to bidding on the Property. The successful bidder is required to pay $100,000.00 as earnest money with a cashier's check or by wire transfer. Upon accepted offer all earnest money becomes nonrefundable.
Neither the Auction Company nor the Seller is responsible in the event of loss of signal by either side.
AUCTION TERMS
1. Any & all announcements made from the Auction Block take precedence over all printed material & advertising. The information provided in this catalog is deemed correct, but is in no way guaranteed. We will in no way be held responsible if the information provided to us was incorrect to begin with. While descriptions are believed to be correct, the Auctioneers or owners make no warranties or guarantees as to the genuineness, authenticity of or defect of any items & will not be held responsible for advertising discrepancies or inaccuracies. It is our sincerest intention to provide the potential buyer all the information that pertains to the various items.
2. ALL SALES ARE FINAL. All Property is offered in 'AS IS, WHERE IS' condition, unless otherwise specified by the Auctioneer. No Warranties, either expressed or implied, will be offered.
3. Once the Auctioneer says 'SOLD', the equipment becomes the Sole Responsibility of the Purchaser.
4. The Auction Company reserves the right to reject the Bid of any purchaser or revoke any/all bidding numbers from any purchase, who in the past has presented a problem for collection to either the Auction Company or Seller.
5. Any/all Purchasers will be expected to rely upon his/her personal inspection or investigation of the property being offered at the Auction, or that of an approved party to Buyer, and not upon any representation of warranty or condition by the Seller or the Auction Company. Seller or Auction Company will, in NO WAY, be held responsible for any discrepancies, damage or loss of any property of Buyer once the Auctioneer says SOLD.
6. Any/all prospective Purchasers will be required to register for a bidder's number and present proper identification when registering.
7. Earnest Deposit must be paid, IN FULL, on Auction Day. Personal Check or Cashiers Check Accepted. The balance will be due on or before closing date noted above.
8. Any/all announcements made from the Block on Auction Day will take absolute precedence over any matter of print or any matter of previously printed advertising.
9. Neither the Sellers or the Auction Company will assume any liability or responsibility for transfer costs or damages to the equipment resulting in a loss to the Purchaser, either due to negligence or natural accidental occurrence circumstances. Furthermore, Purchaser will hold harmless both the Sellers and the Auction Company, and their heirs and assigns, from any litigation and/or loss due to any lawsuit brought by Purchaser for any loss that he/she may endure.
10. By making a bid, regardless of how such bid is made, Bidder acknowledges that Bidder has received, read, understands, and agrees to comply with and be bound by the Terms.
11. Jack Nitz & Associates shall not be liable or responsible for any interruptions, termination or corruption of any audio feed, video feed or of any other internet registration, bidding or other online related service that occurs before, during or in connection with the auction sale, regardless of the cause of fault attributable to the interruption, termination or corruption of such services.
