71365 ROAD 367, Trenton, NE 69044 - Hitchcock County

LEGAL DESCRIPTION: E/2NE/4 & SW/4NE/4 OF 6-2-32

LOCATION: From Trenton, NE on Hwy 25, go mile South to Road 713, 2 miles East to Road 367, then mile North to the driveway on West side.

Located 6 miles from Swanson Reservoir & just South of the Republican River!!

MINERAL RIGHTS: Seller is transferring surface rights only.

CROPS: Crops are subject to a cash lease agreement with the 2011 payment to be prorated to the date of closing.

POSSESSION:

Tract 1: Date of closing, subject to tenants rights

Tract 2: Date of closing.

FSA INFORMATION:

Tract 1: Cropland acres - 85.1

Base Acres DCP Yield

Corn 46.0 119

Tract 2: Grassland & Improvements acres - 19.8

REAL ESTATE TAXES: Seller will pay taxes for all of 2010 and prior years. Taxes for 2011 will be prorated to the date of closing.

(2010 taxes are combined in the amount of $2901.92)

PRICE REDUCED:

Tract 1: $120,000 (Cropland acres)

Tract 2: $279,000 (Grass & Improvements)

TRACT 2 - IMPROVEMENTS

BEAUTIFUL, MODERN

1,608 SQ. FT. HOME

3 Bedrooms

2 baths

Fireplace

Underground sprinklers

2-car attached garage

Detached garage w/ small OH doors

Good barn built in 1915, well preserved

Large machinery building w/OH doors and other supporting outbuildings

There is a grass lane connecting the farmstead to the pasture.

There is a second home with 3 bedrooms that can be used as a guest cottage or hunting lodge!

IRRIGATION INFORMATION:

4 sideroll sprinklers are included in the sale. Well was overhauled in 2004, equipped with 6 pump (4 CFM).

8 of ditch water is available on the SW 31.6 acres at $33 acre cost per year which has already been paid for 2010 by Seller.

EQIP: 50.2 acres enrolled from 2009-2012 (2nd signup). Land was originally enrolled in EQIP in 2005.

Annual payment $5623 in 2010 & 2011 (no payment in 2012)

Buyer receives 100% of EQIP payments 2011