Auction Location: Prague Parish Hall
Date: Friday, August 9, 2024 10:00 AM
FARM LOCATION: From Prague, 2 Miles West on Paved County Road R to County Road 29, then 1 mile North to Northeast corner of Farm.
FULL 2025 CROP YEAR POSSESSION GIVEN TO NEW BUYERS ON MARCH 1, 2025!
TRACT # 1 - 141.8 ACRES
This Rolling well-drained Farm features nearly 86% tillable land with the balance in pasture and trees. Soils featured are over 63% Class II (Colo – Ct) and Class III Monona (MnC, MnC2) & Sharpsburg (ShC2 & ShD2) with the balance in Class IV Monona (MnE2) and Roads. This farm is also directly adjacent to Tract # 2 that lies directly East of this Farm. The Farm has been well-managed over the years by a very good tenant and truly deserves your interest & inspection!
LEGAL DESCRIPTION: The East Half of the Northwest Quarter (E ½ NW ¼) and the balance of the West Half of the Northeast Quarter (W ½ NE ¼) of Section 33, Township 16, Range 5, Saunders County, Nebraska, containing 141.8 acres, more or less, excluding the existing building site which contains approximately 18 acres, more or less.
2023 REAL ESTATE TAXES: $ 5,274.98 ($ 37.20 per Acre).
FARM SERVICE AGENCY (FSA) INFORMATION:
FARM NUMBER - 12667
FARMLAND ACRES - 147.52 (Includes some land in acreage site currently Farmed by tenant).
TILLABLE ACRES (DCP CROPLAND) - 127.45
CORN BASE (NON-IRRIGATED) - 52.26 Acres
YIELD (PLC) - 126 Bushels
SOYBEAN BASE (NON-IRRIGATED) - 52.71 Acres
YIELD (PLC) - 42 Bushels
TRACT # 2 – 40 ACRES
This gently rolling, well-drained farm features over 32.5 acres of tillable land with the balance in a small creek surrounded by trees and the rest in roads. Soils featured are 63% Class II Judson (JtB), Class III Monona (MnC) and Sharpsburg (ShD2) and Class IV Monona (MnE2) with the balance in Class IV Adair & Pawnee (APD3) and Alluvial Land (Sy). This farm also lies adjacent to Tract # 1 to the West of this Farm. This Farm has also been well-managed by the same tenant as Tract # 1 and also truly deserves your interest and inspection!
LEGAL DESCRIPTION: The Northeast Quarter of the Northeast Quarter (NE ¼ NE ¼) of Section 33, Township 16, Range 5, Saunders County, Nebraska, containing 40 acres, more or less.
2023 REAL ESTATE TAXES: $ 1,561.20 ($ 39.03 per Acre)
FARM SERVICE AGENCY (FSA) INFORMATION:
FARM NUMBER - 12667
FARMLAND ACRES - 38.34 Acres
TILLABLE ACRES (DCP CROPLAND) - 32.58 Acres
CORN BASE (NON-IRRIGATED) - 13.36 Acres
YIELD (PLC) - 126 Bushels
SOYBEAN BASE (NON-IRRIGATED) - 13.48 Acres
YIELD (PLC) - 42 Bushels
2024 CASH RENT & REAL ESTATE TAXES: New Buyers will receive the 2nd half of the 2024 Cash Rent Payment ($ 15,173.92 directly from the current Tenant on December 1, 2024. The 2024 Real Estate Taxes will be divided equally between Buyer and Seller, based upon current 2023 Real Estate Taxes (Seller share will be credited to Buyer at Closing and Buyer will pay entire 2024 Real Estate Taxes when the come due on January 1, 2025.
TERMS OF THE AUCTION: An Earnest Deposit of $ 50,000.00 per tract will be required on Auction Day. The balance will be due on or before September 6, 2024. Title Insurance & Escrow Closing Fees divided equally between Buyer and Seller. Marketable Title Provided. Full 2025 Crop Year Possession given to new Buyers on March 1, 2025. 1031 Tax Exchanges Welcome. Agents Represent Sellers.
AUCTIONEER’S NOTE: Make your plans now to attend this Top Producing Land Auction! The Land is being sold to settle the Estate of Darlene Kavan by her family and is being sold Absolute to the Highest Bidder, No Minimums or Reserves! For Additional Information, Lots of Photos or your private tour of the Property, Please Contact the Auction Company. Coffee and Kolaches will be served at the Auction!
DARLENE KAVAN ESTATE – TRACI HUMMEL, PERSONAL REPRESENTATIVE
TERMS OF THE REAL ESTATE AUCTION: An Earnest Deposit of $ 50,000.00 per Tract will be required on Auction Day. For Live Bidders, the Earnest Deposit can be paid for with a Check. Online Bidder Terms are Below. The balance will be due on or before September 6, 2024. Title Insurance & Escrow Closing Fees divided equally between Buyer and Seller. Marketable Title Provided. Full 2025 Crop Year Possession given to new Buyers on March 1, 2025. 1031 Tax Exchanges Welcome. Agents Represent Sellers.
2024 CASH RENT & REAL ESTATE TAXES: New Buyers will receive the 2nd half of the 2024 Cash Rent Payment ($ 15,173.92 directly from the current Tenant on December 1, 2024. The 2024 Real Estate Taxes will be divided equally between Buyer and Seller, based upon current 2023 Real Estate Taxes (Seller share will be credited to Buyer at Closing and Buyer will pay entire 2024 Real Estate Taxes when the come due on January 1, 2025.
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.
.50 % 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.
$50,000.00 as earnest money per Tract 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 $50,000.00 as earnest money per Tract 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. Check Accepted for Live Bidders, Wire or Cashiers Check Accepted for Online Bidders. 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.
