Bancroft, NE 68004 - Thurston County

320 +/- Acres Thurston County Farm Land

TO BE SOLD AT AUCTION

The property will be sold in three (3) Tracts. Approximate acres: Tract 1, 93.3 Acres; Tract 2 135.4 Acres; Tract 3 92 Acres (These are approximate acres. Survey to be done by day of sale.) The land is rented out for the 2012 crop year on a 60/40 basis with the owner paying 40% of the fertilizer.

In case of inclement weather, the auction will take place on March 19, same location, beginning at 1:30 P.M.

Legal Description:

S-T-R: 28-24-8 Acres: 155.45 N2SE4, S2SE4 Less W150' of SW4SE4 155.4500 Acres

S-T-R 33-24-8 Acres: 23.98 Lots 5 & 6 (N2NE4) Less Ditch & Less W 150' Lot 6 23.9800 Acres

S-T-R 27-24-8 Acres: 119.2 W2SW Less Ditch, E2SW4 S of Ditch, Lot 2 of SW4SE4 119.2000 Acres

S-T-R: 34-24-8 Acres: 33.99 Lot 6 Less Sub Lot 1 & Ditch Lot 7 & 8 Less Ditch 33.9900 Acres

Corn

Base Acreage 181.4

Direct Yield 79

CC Yield 112

Soybeans

Base Acreage 141.1

Direct Yield 33

CC Yield 39

Total Government Payment $4,039.00

Total Cropland

322.5 Acres

2011 Taxes

$11,674.62

(These figures are for the entire farm. The split will be

determined by survey.)

Terms of Auction: The successful bidder will be required to enter into a written purchase agreement with a 10% down payment the day of the auction. The balance will be due at closing on or before April 16, 2012, Full possession at closing with tenants rights in place until March 1, 2013. Seller will provide marketable title to the Buyer, evidenced by a policy of title insurance. Cost of title insurance will be divided equally between Seller and Buyer. The 2011 real estate taxes will be paid by Seller. Property will not be sold subject to financing. Please have all financial arrangements made prior to the auction. All announcements the day of the auction will take precedence over anything written or implied.

Conditions: This sale is subject to all easements, covenants, leases and restrictions of record. All property is sold as is-where is with no warranties or guarantees, expressed or implied, by Sellers or Auctioneers.

Announcements: Property information provided herein was obtained from sources deemed reliable, but the Auctioneer or Seller make no guarantees as to its accuracy. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions. All sketches, dimensions, and acreage figures in this information are approximate or more or less. Any announcements made auction day by the Auctioneer will take precedence over previous material or oral statements. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final. While it is the Sellers intent to sell, they reserve the right to reject the final bid. Olson Pearson Auctions and Realty and their representatives are agents of the Seller.