Keuten Estate 240 Acre Adams County
LAND AUCTION

Friday, December 7, 2012 - 10:00 am

BOTH TRACTS SOLD TOGETHER FOR $7,025/ACRE

The auction will be conducted at the Garden Café/ Hastings Hotels Banquet Facility, 2205 Osborne Drive East, Hastings, Nebraska.

**THIS PROPERTY WILL BE SOLD WITH NO RESERVE**

Method of Sale: These 2 tracts will be offered separately and in combination and will be sold in the manner best suiting the seller.

Location of Farms: From the west side of Trumbull go about 2 ½ miles south on Heartland Avenue or Road A, or from the intersection of US Hwy 281 and Lochland Road on the north side of Hastings go about 5 miles east.

Tract #1:

Legal Description: Southeast Quarter (SE ¼) of Section Twenty-four (24), Township Eight North (T8N), Range Nine West (R9W) of the 6^th P.M., Adams County, Nebraska, 160 acres more or less.

Description: This property features 138.3 acres of rolling farmland irrigated by a center pivot and a building site with a 1979 split level home. There is underground pipe from the well to allow for gravity irrigation of the east pivot corners. The balance of the acres are in native grass. There have been buildings recently removed that allow the pivot to make a full circle.

Equipment: 2008 Valley 8000 center pivot, US Motors 70 hp 6:5 gear head, well, pump and underground pipe. There is natural gas supply to the pivot point.

Tract #2:

                                                                                                             

Legal Description: East Half (E ½), Southwest Quarter (SW ¼) of Section Twenty-four (24), Township Eight North (T8N), Range Nine West (R9W) of the 6^th P.M., Adams County, Nebraska, 80 acres more or less.

Description: This property features 45.7 acres of farmland that includes 30 acres of gravity irrigation. The balance is in native grasses and treed areas with a creek running through the property creating excellent habitat.

Terms: A payment equal to 20% of the purchase price will be due the day of the auction. The balance will be due on or before December 28, 2012 by cash, certified funds or a direct wire transfer to the closing agent. The 2012 and all prior taxes will be paid by the sellers. Title insurance will be split equally between the buyer and the seller. All equipment sells in as is condition.

Possession: Full possession for the 2013 crop year will be granted to the purchaser.

A PIP (Property Information Packet) will be available by contacting Ruhter Auction & Realty, Inc. The PIP includes aerial mapping, soils and topography maps, FSA, and well information, etc.

Disclaimer: All inspections required by the purchaser will need to be made prior to the auction date. This sale is not contingent upon financing.

Ruhter Auction & Realty, Inc. is acting as the agent for the sellers.

Sellers: Rotha Keuten Estate, Joleen Ekstein and Dean Keuten