Paxton, NE 69155 - Keith County

Perlinger Pivot is located on county oiled Paxton-Elsie Road, 6 miles south of the Paxton I-80 interchange.

160 taxed acres in NE1/4 Sec 18-T12N-R35W, Keith County. 2011 estimated real estate taxes $4,430. Includes 100 hp electric submersible irrigation well, Reinke pivot operating as windshield wiper (6,362 hours). Sale will include 125 Certified Irrigated Acres, to allow full pivot revolution after removal of buildings (currently irrigates 115 acres). Irrigation well G-129658; drilled in 2004 to 380 ft; set at 800 gpm, with 168 ft static, 234 ft pumping. 3 corners in dryland cropland. Soils 91% Class II Kuma, Satanta, & Keith silt loams. FSA Base: wheat 63.5; oats 5.9; sorghum 18.9. Older buildings: un-inhabitable house, sheds, grain bins. Excellent soils, irrigation equipment, great location on county oiled road.

Procedures

Perlinger Pivot sells at Absolute Auction. The farm has excellent soils, terrain, and location on county oiled road. This is a Cash Sale, with no contingencies. The Purchase Agreement, Title Insurance Commitment, and supplemental information is available from Broker prior to 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 at Closing on or before April 19, 2012. Seller will convey title by Warranty Deed, with 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. The 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 the adequacy of irrigation equipment, water rights, building improvements.

Possession - Full possession at Closing.

Taxes - 2011 real estate taxes paid by Seller; all 2012 by Purchaser.

Minerals - all Owned oil, gas, mineral rights pass to the Purchaser.

Acreage - Reported acres were obtained from the 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 including all existing FSA Bases, subject to final approval by the County FSA Committee.

NRD - Perlinger Pivot is located in the Twin Platte NRD and subject to any rules and regulations. This NRD does not have a pumping limitation.