SOLD - $8,620/ACRE
Tuesday November 29, 2011 10:00 A.M.
The auction will be held at the Garden Café/Quality Inn Banquet Center, 2205 Osborne Drive East, Hastings, Nebraska.
The farm is located from Hastings, 6 miles south on Showboat Boulevard, then 2¼ miles east on Oregon Trail Road.
Legal Description: The East Half of the Northwest Quarter of Section Fourteen (14), Township Six (6) North, Range Nine (9) West of the 6th P.M., Adams County, Nebraska, 80 acres more or less.
This is an exception gravity irrigated farm served by an 8” irrigation well and a reuse pit that captures the run off water from the entire farm.
The farm consists of one consistent soil type throughout and the terrain is very level.
The location of the property, being situated very close to major grain terminals, 2 ethanol production plants as well as major livestock feeding facilities, make this an excellent prospect for both the investor or farmer.
Terms: A payment equal to 20% of the purchase price will be due the day of the auction. The balance will be due and payable to the closing agent on or before December 29, 2011 by cash, certified funds or a direct wire transfer. At closing, the seller will present a title insurance binder indicating marketable title vested in the names of the sellers. Cost of title insurance will be paid equally by the buyer and seller. Transfer will be by Warranty Deed. The farm sells with full possession for the 2012 crop year. The 2011 and all prior taxes will be paid by the sellers.
Disclosures: All inspections required by the purchaser need to be completed prior to the auction date. Ruhter Auction & Realty Inc. is the agent for the sellers. This sale by auction is not contingent upon the ability of the purchaser to secure financing.
Seller: Vi’s 80 LLC