240+/- Acres Hall County

Irrigated Crop Ground

Selling in 2 Tracts

ONLINE ONLY

www.bigiron.com

Thursday, Dec. 15th, 2011 – 2:00 PM

Bid Today:  You can place bids now through Dec. 15th

Onsite Bidding Available Starting At 1:00 PM At

The American Legion in Shelton, NE on Dec. 15th,

Auction starts concluding and goes to final close at 2:15 PM

INFORMATION

Land Location:  From Shelton, NE go 2 ½ miles East on Hwy 30 then South 4 miles on Bluffs Center Road, Bluffs Center Road turns into Kyle Codner Road.  The quarter lies on the West side of the road and the 80 lies on the East side of the road.

Tract 1:  160 Acres

Legal:  The SE ¼ of Section 20-9-12W containing 160+/- acres Hall County, NE

General Description:  This 160 acre tract is pivot irrigated.  There is a 1996 Valley model 8000 center pivot.  The pivot has 7 long towers and measures 1,297 ft, there is 3 new spans on the end of the pivot.  The pivot has 10,000 hours on the hour meter and has had routine maintenance.   It is equipped with drop nozzles.   There are a total of 4 irrigation wells on the property. The well at the pivot point is the only well that has been used in recent years.  It has a U.S. motors Electric motor and 8 inch pump.  The powerline that supplies electricity to the pivot and motor runs along the south side of the farm.

 There is a drainage ditch that runs along east and west through the north half of the farm.  There is a residence and outbuildings that sell with the quarter. The home is a 3 bedroom one bath single story home that is in need of repair.  The master bedroom has a walk in closet, smaller bedroom, dining room and kitchen.  Propane heat.  This farmhouse currently has a tenant.

 The outbuildings include an insulated shop building 40’ x 40’ with a 20’ wide by 14’ high sliding door, 2 walk-n doors, concrete floor and 15’ concrete approach, 2 car garage and a Quonset type building that is approx 56’ x 21’ with a 14’ wide door and a walk-in door.

 2010 TAXES:  $7,574.92

2011 FSA PAYMENT:  $3,294.00

 Tract 2:  80 Acres

Legal: The S ½ N ½ SW ¼ & N ½ S ½ SW ¼ of Section 21-9-12W containing 80+/- acres Hall County, NE

 General Description:  This 80 acre farm is gravity irrigated. Water flows from west to east. The pipe is owned by the tenant and does not sell with the farm.  The well has been pulled and is being rebuilt and will be completed by closing.  The 80 has a US motors 15 Hp electric motor and 8 inch pump. There is a power line that runs along the west side of the farm.  The 80 is all cropland with the exception of a small tract of grass in the northwest corner.  It has a drainage ditch that runs along the North border.  This farm is well drained.

 Make plans to add either one or both of these farms to your operation.

 2010 TAXES:  $2,178.10

2011 FSA PAYMENT:  $720.00

Daniel, James, Bob Riley & Nancy Richardson Trust, Owners

Daniel Riley and James Riley, co-personal representatives

For more information, contact listing agents:

Rex Mahoney 402-649-1816 or Ron Stock 402-649-3705

Terms:  :  Immediately following the auction, the successful buyer will be contacted by Rex Mahoney and enter into a written purchase agreement The successful buyer 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 March 1, 2012.   Possession will be at closing.  Seller will provide marketable title to the buyer evidenced by a policy of title insurance.  Cost of title insurance and closing costs 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 on day of auction will take precedence over anything written or implied.  Stock Realty & Auction co. is working for the seller. 

Information was obtained from sources deemed reliable, but Broker makes no guarantees as to accuracy. All prospective buyers urged to fully inspect property and rely on their own conclusions