Highway 136 & Cadams Road, Cadams, NE 68978 - Nuckolls County

REAL ESTATE AUCTION

MONDAY, OCTOBER 6

10:00 A.M.

Auction will be held in the Elks Club on Commercial Street in Superior, Nebraska

Legal Description: NE 17-2-6 Nichols Co. Nebraska

The farm is located on the corner of Highway 136 & Cadams Road.

The farm has 155.72 acres with 148.99 cropland acres with 9.58 acres of CRP. 139.41 acres of corn. .

Seller will pay 2014 taxes. 2013 taxes were: $3,345.40.

Terms: 10% of purchase price as down payment day of auction, the balance will be due upon closing on or before November 20, 2014. Down payment will be escrowed with Weltmer Phillips law office, escrow fees will be split 50/50 between seller & purchaser. Title insurance will be used, the cost will be split 50/50 between seller & purchaser.

Possession of tillable land will be upon closing. The payment of 9.6 acres of CRP will remain with the present renter until the end of the CRP contract (5.6 acres at $79.41 per acre expires October 2016: 1.5 acres at $80.00 per acre expires October 2016: 2.5 acres at $25.52 per acre expires October 2021). Purchaser must agree to succeed to the CRP-1 contracts, that the current tenant, Edd Epley will receive all the CRP payments for the duration of the contract and what rent Mr. Epley is paying on the CRP acres. Thummel Real Estate & Auction LLC is acting as seller agent. All statements made day of auction take precedence over printed material.

ALBERTA GUTSCHER