Arnold, NE 69120 - Custer County

Davenport Farm is an excellent pivot irrigated quarter located 1 mile west of NE#40, 6 miles south of Arnold, with gravel road access by Kilmar Valley Road / Road #793. Absolute Auction

Davenport Pivot 153 taxed acres in SE1/4 Sec 30-T16N-R25W, in Custer County. Real estate taxes $3,220. 151.8 FSA cropland acres; 131.8 Certified Irrigated Acres in Lower Loup NRD. Well Registration G-056961: drilled 1977 to 380 ft; static level 268 ft, pumping level 283 ft, set at 800 gpm at drilling; includes Reinke Alumigator pivot, Randolph gear, Sargent pump (power unit owned by Tenant). Soils are 43% Class II, 51% Class III; excellent gently rolling level terrain. West boundary includes deeded land to the last tower, and an easement for the pivot overhang.

Our brochure information has been obtained from sources deemed reliable. We have no reason to doubt the accuracy, but the information is not guaranteed. Prospective Purchasers should verify all information. Announcements day of sale take precedence over printed or oral statements. Agri Affiliates, Inc. and all agents of Broker are acting as Agent of the Seller.

Procedures

This is a Cash Sale, with no contingencies for financing. Purchase Agreement, and Title Insurance Commitment are available from Agri Affiliates prior to the auction.

This is an Absolute Auction

Terms & Conditions

Terms - This Cash Sale requires a 15% earnest deposit with signing of the Purchase Agreement immediately following the auction. Balance of the Purchase Price is payable in certified funds upon Closing on or before December 18, 2012. Seller will convey title by Warranty Deed, Title Insurance evidencing merchantable title. Cost of the Title Insurance and Closing Protection Letter by the Title Company to be shared 50/50 by Seller/Purchaser. Property sells subject to easements, rights-of-way, zoning, and restrictions of record - free and clear of all liens. Property sells in as-is condition. No warranty is expressed or implied as to adequacy of any portion of the property for any purpose.

Possession - At Closing, subject to lease ending March 1, 2013.

Taxes - 2012 real estate taxes paid by Seller; 2013 by Purchaser.

Minerals - All owned oil, gas, mineral rights pass to Purchaser.

Acreage - Reported acres were obtained from County Assessor, and USDA-FSA. The property sells without regard to acres. No warranty is expressed or implied as to exact acres. Legal descriptions are subject to existing fence and field boundaries.

USDA-FSA - Property sells with all FSA Bases Acres, subject to final approval by County FSA Committee - 151.8 cropland acres, with 149.2 acres corn base at 116/155 bu.

NRD - Davenport Farm is located within the Lower Loup Natural Resources District, and subject to all rules and regulations. There currently is no restriction on pumping of irrigation water.

Seller :

Jim & Sherry Davenport

Listing Agent :

Jerry Weaver 308/539-4456

Tony Eggleston - Loren Johnson

Mike Polk - Bruce Dodson

Broker John Childears - North Platte, NE

308/534-9240

Kearney Office 308/234-4969