Elwood, NE 68937 - Gosper County

160 Acres (+/-) Gosper County, NE

Pivot-Irrigated & Dry Cropland

ABSOLUTE LAND AUCTION

Wednesday - May 29, 2024 - 10 AM

Crystal Theater - 503 Nebraska Ave - Arapahoe, NE

Tobias Bud & Gwen DeVries - Owner

Take advantage of this opportunity to acquire 160 Assessed Acres of productive Gosper County, Nebraska Pivot-Irrigated & Dry Cropland offered in 1 Tract. Located 10 miles (+/-) Southwest of Elwood, NE.

LEGAL DESCRIPTION: SE4 Section 21 - T6N - R23W Gosper County, Nebraska

THE TRACT: 160 Acres (+/-) consists of 125 Acres (+/-) Pivot-Irrigated Cropland, 5 Acres (+/-) Gravity-Irrigated Cropland, 22 Acres (+/-) Dry Cropland & 4 Acres (+/-) Non-Tilled. This Tract has desirable, productive soils with access via Road 734 & Road 423 just 2 miles West of Hwy 283.

IRRIGATION EQUIPMENT: 8-Tower T-L Pivot with Drop Nozzles, End Gun with Shut-Off (Rebuilt in 2022) & 290/85R38 Tires, with a US Electric 100-HP Hollow-Shaft Motor & a Western Land Roller Pump set to 1270-gpm with 9-in Pump Column & 9-in Underground Pipe to the Pivot from the Well #G-061806.

NATURAL RESOURCES DISTRICT: Tri-Basin NRD has Irrigation Well #G-061806 registered with 130.38 Acres Certified for this Tract. The well is located on the NW4 27-6-23 Gosper County, NE.

IRRIGATION WELL & PIPELINE EASEMENT: The Irrigation Well #G-061806 & the connecting Underground Pipe located on the NW4 27-6-23 Gosper County, NE have an Easement for Access, Operation & Maintenance recorded for this Pivot on the SE4 21-6-23 Gosper County, NE.

2023 TAXES: $ 4482.84

FSA DATA: (This tract is combined with the NW4 27-6-23)

Contract Acres: Corn TBD Soybeans TBD

Yield Average: Corn 151 Soybeans 51

MINERAL RIGHTS: Buyer shall receive all Mineral Rights now owned by Seller, if any.

METHOD OF AUCTION: This Tract will Sell as 1 Tract undivided via Live Auction. Phone Bids during the Auction will be accepted with approved pre-registration.

SUBJECT TO: Existing fences, boundaries, covenants, easements, leases, oil and gas leases, if any, and roads as the same may appear of record. All acre amounts are Estimates Only.

POSSESSION: Option to buy out Tenant with Possession upon successful Closing of this Tract and also rent/lease the NW4 27-6-23 Gosper County or Landlords Possession of NW4 21-6-23 Gosper County on successful Closing with Full Possession March 1, 2025.

TERMS: The purchaser shall make a 20% earnest deposit the day of the auction by personal check, company check or wire transfer payable to Phelps County Title. The balance due at Closing on June 21, 2024. Option to buy out Tenant with Possession upon successful Closing of this Tract and also rent/lease the NW4 27-6-23 Gosper County or Landlords Possession of NW4 21-6-23 Gosper County on successful Closing with Full Possession March 1, 2025. If the Buyer exercises the buy out option, 2023 and prior years real estate taxes paid by Seller. If the buy out option is not exercised, 2024 and prior years real estate taxes paid by Seller and Seller retains 2024 rent/lease payment from Tenant. Seller will convey a good and marketable Title to the Buyer evidenced by a policy of Title Insurance. Phelps County Title in Holdrege, NE shall conduct the Title and Escrow services. The cost of Title Insurance / Escrow Fee shall be divided equally among the Buyer and Seller. This property will not be sold subject to the Buyer obtaining financing to consummate the transaction. Buyers must have financial arrangements made prior to the auction. All of the property sells in as is condition, no warranties. The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed or implied and shall be the sole and controlling document for this real estate transaction. Prospective buyers should inspect the property and draw their own conclusions. Heartland Partners Realty & Auctioneers are agents representing the sellers.

HEARTLAND PARTNERS REALTY & AUCTIONEERS * 402 Nebraska Ave. * Arapahoe, NE 68922

Mark (308) 962-6236 (Cell)