Oconto, NE 68860 - Custer County

Property - The property is located 9.5 southeast of Callaway or 7 miles north of Oconto, Nebraska. Great recreation is provided on the South Loup River just 15 miles south of Broken Bow, off NE#21.

Minimum Bid - The minimum acceptable bid will be $475,000.

Parcel - SE1/4 north of the river Section 30; Part NE1/4 north of the river Section 31-T15N-R21W of the 6th P.M., Custer County.

146.13 tax assessed acres; 2015 taxes $4,851. Includes 91.15 acres surface water rights from the South Loup river at 1.3 cfs (583 gpm); electric motor & lift pump, 7 tower Valley pivot on approximately 80 crop acres

35 acres in river bottom / recreation - outstanding wildlife habitat : deer, turkey, waterfowl. South boundary is the South Loup River, with excellent food source from irrigated crops. Possession of hunting rights at Closing.

Terms & Conditions

Terms - This cash sale requires a 15% earnest deposit at signing of the Purchase Agreement immediately following the auction. Balance of the purchase price payable in certified funds at Closing on or before November 8, 2016. There is no contingency for financing. Seller will convey title by Warranty Deed; with Title Insurance evidencing merchantable title. Cost of the Title Insurance and an Insured Closing by the Title Company will be shared 50/50 by Seller/Buyer. Property sells subject to easements, rights-of-way, zoning, and restrictions of record; Free and clear of all liens. The property sells in as-is condition; No warranty is expressed or implied as to the adequacy of any portion of the property.

Possession - at Closing subject to farm lease ending 12/31/2016, all rental income retained by Seller.

Taxes - 2016 real estate taxes paid by Seller; 2017 by Buyer.

Minerals - All Owned Oil, Gas, and Minerals pass to Buyer.

Acreages - Reported acreages were obtained from the County USDA-FSA office, and County Assessor. No warranty is expressed or implied as to exact acres included in the parcels. The legal descriptions are subject to existing fence and field boundaries.

NRD - The property is located in and subject to rules and regulations of the Lower Loup NRD.

Seller :

KMC 1978, LLC.

Listing Agent : Bruce Dodson 308/539-4455

John Childears 308/539-4450 Mike Polk 308/539-4446

Tony Eggleston 308/530-6200

Chase Dodson - Don Walker - Jerry Weaver

North Platte 308 / 534 - 9240