Elm Creek, NE 68836 - Phelps County

PHELPS COUNTY NEBRASKA LAND AUCTION

154.59 Acre High Quality Pivot Irrigated Farm

Auction Date: Wednesday, February 9th, 2022 at 10:00 AM

Phelps County Ag Society Building Holdrege, NE

Live Auction with Online Bidding

Located at the intersection of 746 & I Road. From Loomis, 11 miles north & 2 miles east. From Rustys, 5 miles west and 2 miles south.

Legal Description: Part of the Northwest of Section 27, Township 8 North, Range 19 West of the 6th PM, Phelps County, Nebraska

About the Farm: Well located tract of land in northern Phelps County. According to the assessor there is 154.59 acres. Provides access to several local grain elevators. A highly productive farm with good soils and a 2001 Valley 7 tower sprinkler system. Soils consist of a Hord Silt & Kenesaw Silt Loam. The farm has an electric well with Western Land Roller Pump, 40HP electric motor and underground to the center pivot and the west driveway to a riser.

FSA Information: Enrolled in ARC County. There are 85 corn base acres.

Well Registration & NRD: Located in Tri-Basin NRD. There are 137.67 Certified Irrigated Acres. Registration G-054317, Drilled 4/21/1969, 1,000GPM, 80FT Depth, 19FT Static, 36FT Pumping Level, 9 column

There is an active irrigation well in the southwest corner of the farm not currently being used. G-007320, Drilled 1/4/1957, 1500 GPM, 29FT Static, 48FT Pumping, 10 Column, 85FT Depth

Possession available March 1st, 2022. The tenant will be reimbursed for the winter wheat crop by the seller.

2021 Taxes: $10,184.60

Auction Terms: Method of Sale: The sale of this property sells at Live Auction subject to seller confirmation. Property will be offered as one unit. The auctioneer will determine the bid increments.

Payment: 10% deposit required day of auction with the signing of an Adam Marshall Land & Auction, LLC purchase agreement. Certified or personal check accepted. The balance will be due at closing on March 9th, 2022.

Possession: Full possession of the property will be given upon closing.

Financing: This sale is NOT contingent upon buyers financing. Prospective buyers should make their financial arrangements prior to the auction.

Condition: This property is selling in As Is condition. There are no warranties expressed or implied to the condition of the property

Taxes: 2021 and previous years real estate paid by the Seller. The 2022 taxes and subsequent years are to be paid by the buyer.

Title: Seller to convey title by warranty deed. Merchantable title will be made available. The cost of title insurance and escrow closing fees to be divided equally between the buyer and seller.

Agency: All representatives of Adam Marshall Land & Auction are acting as agents of the seller.

Minerals: All mineral rights owned by the sellers will pass to the buyers, if any.

Absentee Bids: Bidding via cell phone, and/or on someones behalf must be approved by Adam Marshall Land & Auction, LLC at least 24 hrs. prior to the auction.