David City, NE 68632 - Butler County

Legal Description: W1/2NW1/4 Sec 9-T15N-R2E of the 6th PM, Butler County, Nebraska.

Acres: 79.2 tax assessed acres

Taxes: 2018 taxes $2,607

FSA: 32 acres dryland cropland with remainder in rangeland and excellent wildlife habitat. Natural springs feed two dams/ponds. Cropland soils primarily Hastings silt loam Class I&II. Crop areas provides excellent opportunity for wildlife food plots. Electric service is available along the west boundary.

FSA Base Acres: Corn 9.7 acres at 151 bu. PLC; Soybeans 9.7 acres at 42 bu. PLC. Possession - at Closing, subject to 2019 lease.

Taxes: 2018 real estate taxes paid by Seller; all 2019 taxes by Buyer.

Minerals: All owned oil, gas, and mineral rights pass to Buyer.

Acreages: Reported acreages were obtained from the County USDA-FSA office and the County Assessor. No warranty is expressed or implied as to exact acres included in the parcel. Legal description is subject to existing fence and field boundaries.

NRD: The property is located in and subject to rules and regulations of the Lower Platte North Natural Resources District.

Terms: This court ordered Referee Sale requires a 15% earnest deposit at signing of the Purchase Agreement immediately following the auction. Balance of the purchase price payable in certified funds at Closing upon Court Confirmation. There is no contingency for financing. The seller to convey title by referee deed; with title insurance evidencing merchantable title. Cost of the title insurance and an insured closing by the Title Company will be shared 50/50 by Seller/Buyer. Property sells subject to easements, rights-of-way, zoning, and restrictions of record; free and clear of all liens. The property sells in as-is condition; no warranty is expressed or implied as to the adequacy of any portion of the property.

Procedures: Eller Farm will be offered at Absolute Auction by the Referee, contingent upon Court Confirmation. The Purchase Agreement & Title Insurance Commitment are available from Agri Affiliates prior to the auction.