PARCEL #1:
231.19 +/- acres located 5 ¼ miles east of Scottsbluff on the south side of Highland Road. Excellent accessibility to markets. No buildings. Irrigation well plus Farmers Irrigation water rights. Long, smooth north to south irrigation rows on top quality soils. Elite farm and neighborhood!
LEGAL DESCRIPTION: Part NE1/4, W1/2SE1/4(North FID), Part SE1/4SE1/4 Section 25, Township 22 North, Range 54 West of the 6th P.M., Scotts Bluff County, Nebraska.
TOTAL ACRES: 231.19 According To The Scotts Bluff County Assessor.
WATER RIGHTS: 212.6 Acres Water Right Under Farmers Irrigation District with the 2011 O&M Charge of $4,889.80.
WELL REGISTRATION/CERTIFIED ACRES: Well Registered #G-110712. 211.8 Certified Irrigated Acres by NRD. Well Has 30HP GE Motor, and AB Switch Box.
REAL ESTATE TAXES: 2010-$4,694.56.
CROP BASE: 96.4 Acre Corn Base. Direct Yield 124. CC Yield 186/187.
POSSESSION: THE FARM IS LEASED FOR 2011. POSSESSION IS AT CLOSING SUBJECT TO 2011 FARM LEASE.
EAST COAST AG HOLDINGS-OWNER
Sale Terms
1) Sale is for cash, and not contingent upon buyer financing. Buyers should make any necessary financial arrangements prior to the sale.
2) Both parcels will be sold individually, and not offered as a combination. Parcels are selling by total dollars, and not by a per acre price.
3) Day Of Sale Earnest Deposits:
Parcel #1 $75,000.00
Parcel #2 $35,000.00
Balance of sale price, plus buyer’s closing costs will be due at closing in cash, certified check, or verified funds by wire transfer at closing. Preliminary Title Commitments will be available at the auction site day of sale.
4) Closing will be on or before February 10, 2011. Title Insurance and Closing Services Supplied by Thalken Title of Scottsbluff, Nebraska.
5) Properties are selling by legal description only, and no survey will be supplied to the buyer by the seller.
6) Information is from sources considered reliable, but is not guaranteed. Newman Realty, Helberg and Nuss Auctions & Realty, and the Sellers, make no warranty or guarantee as to acreages, well outputs, equipment ages, crop bases or payments, water right acres, or any other information included in advertising, information sheets, written or oral statements. Announcements made the day of sale shall take precedence over all other information.
7) Sellers will cooperate with the buyers in executing any 1031 Exchanges provided the exchange does not result in any additional cost to the Sellers, and closing is completed by February 10, 2011.
8) Sellers reserves a ½ non-participating royalty interest in and to all oil, gas, and minerals produced on the above described property for a period of 15 years from the date of deed conveying the property to the buyer. If production should occur during the reserve period, then the mineral reservation shall continue until production ceases in paying quantities.
9) Newman Realty, and Helberg and Nuss Auctions & Realty, and it’s agents are agents of, and are representing the sellers.
10) The auction is with reserve, and the Sellers reserve the right to reject any, and all bids.