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SOLD

LAND AUCTION - 664+/- ACRES OFFERED IN 17 TRACTS IN CASS CO., NEBRASKA

Cass County, Nebraska

Owner: Hollenbeck Farms Mon, Feb 19, 2018

SOLD FOR $4,265,230

• 664+/- Acres offered in 17 Tracts • Productive Tillable Land • Pasture • Hunting & Recreation • 2 Homes • Potential Beautiful Country Building Sites • Online Bidding Available • 15+/- miles East of Lincoln • 30+/- miles Southwest of Omaha • EQUIPMENT SALE - TUESDAY, FEBRUARY 20 @ 10AM


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Monday, January 29 from 3 - 5 PM
Monday, February 12 from 3 - 5 PM
Meet at Tract 5


PROPERTY LOCATION

Tract 1: From the Intersection of Adams St. & SR 1 in Elmwood, NE travel west on Adams St. 3 mi. to 262nd St. Fletcher Ave. Turn north on 262nd St. and travel approximately 1.5 mi. Property will be on the left.
Tracts 2 & 3: From the Intersection of Adams St. & SR 1 in Elmwood, NE travel north on SR 1 for 2 mi. to Fletcher Ave. Turn west on Fletcher Ave. and travel approximately 2.5 mi. The property will be on the right.
Tracts 4 & 5, 15-17(ALL CONTIGUOUS): From the Intersection of Adams St. and SR 1 in Elmwood, NE travel north on SR 1 for 2 mi. to Fletcher Ave. Turn west on Fletcher Ave. and travel approximately 2.5 mi. The property will be on the left.
Tract 6: From the Intersection of Adams St. & SR 1 in Elmwood, NE travel west on Adams St. 2 mi. to 274th St. Turn north on 274th St. and travel approximately 1.5 mi. Property is on the right.
Tract 7: From the Intersection of Adams St. & SR 1 in Elmwood, NE travel west on Adams St. 2 mi. to 274th St. Turn north on 274th St. and travel approximately 1.5 mi. Property is on the left.
Tracts 8-14 (ALL CONTIGUOUS): From the Intersection of Adams St. & SR 1 in Elmwood, NE travel west on Adams St. 1 mi. to 286th St. Turn north on 286th St. and travel for 1 mi. to Havelock Ave. Turn west on Havelock Ave. and travel approximately .5 mi. Property will be on the left.

AUCTION LOCATION

From the intersection of US 34 (O St.) & SR 49 in Eagle, NE travel east on US 34 (O St.) for 7 miles to SR 1. Turn north on SR 1 and travel for approximately 2 miles on the left to The Quonset Bar & Grill, 126 S 4th St., Elmwood, NE 68349.

TRACT DESCRIPTIONS

Tract 1: 40± ac Sec 01-T10N-R9E - On 262nd St, 40+/- acres of High Quality farm land, consisting of predominately Yutan Silty Clay Loam with good access and lays very nice.

Tract 2: 40± ac Sec 31-T11N-R10E - On Fletcher Ave, 40+/- acres of High Quality farm land, consisting of predominately Yutan Silty Clay Loam with good access and lays very nice.

Tract 3: 40± ac Sec 31-T11N-R10E - On Fletcher Ave, 40+/- acres of High Quality farm land, consisting of predominately Yutan Silty loam with good access on both Fletcher Ave and 27th St.

Tract 4: 52± ac Sec 05-T10N-R10E - On Fletcher Ave, 52+/- acres that consist of 48+/- acres of tillable farm ground with soils consisting of Geary Silt Clay Loam and Yutan Silty Clay Loam with good drainage.

Tract 5: 9± ac Sec 05-T10N-R10E - 9+/- acres on Fletcher Ave with a beautiful brick home Newly Remodeled 2015, 2 baths 4 bedrooms, full walkout basement, with a 2 car garage. All electric home with 2 fireplaces. The acreage consists of 54 ft.x80 ft. Pole barn with several cattle corrals and automatic water. Also a 24 ft.x48 ft. 3 side pole bar for cattle or storage.

Tract 6: 22± ac Sec 05-T10N-R10E On 274th St, 22+/- acres, potential for a Great Hunting property with year round running water throughout the property.

Tract 7: 84± ac Sec 06-T10N-R10E – On 274th St, 84+/- acres of which the FSA indicates 61 acres are tillage farm land with a mixture of soils – Yutan Silty Clay, Pawnee Clay Loam, Judson Silty Loam. 27+/- acres consist of trees, waterways, and running water year round that would make a great recreational/hunting opportunity for the new owner.

Tract 8: 99± ac Sec 08-T10N-R10E - 99+/- acres on Havelock Ave and 286th St. that consists of 93+/- acres tillable good quality farm land with predominately Yutan Silty Clay Loam and Wymore Silty Clay Loam.

Tract 9: 33± ac Sec 08-T10N-R10E - 33+/- acres with easement access off of Havelock Ave. that consists of 34+/- acres of predominately Yutan Silty Clay Loam and Wymore Silty Clay Loam.

Tract 10: 67± ac Sec 08-T10N-R10E - 67+/- acres with access to 274th St. that consists of 64+/- acre tillable land with predominately Yutan Silty Clay Loam and Wymore Silty Clay Loam.

Tract 11: 48± ac Sec 08-T10N-R10E - 48+/- acres on Havelock Ave. and 274th St. that consists of 43+/- acres of tillable farm land with soils that are predominately Yutan Silty Clay Loam.

Tract 12: 23± ac Sec 08-T10N-R10E - 23+/- acres. Beautiful Home Site with a lot of great attributes for a dream home setting - 13+/- acre stocked pond with crappie, blue gill and large mouth bass. This tract has a lot of recreational value - thats hard to find today.

Tract 13: 23± ac Sec 08-T10N-R10E – 23+/- acres. Beautiful Home Site with a lot of great attributes for a dream home setting – 13+/- acre stocked pond with crappie, blue gill and large mouth bass. This tract has a lot of recreational value – thats hard to find today.

Tract 14: 5± ac Sec 08-T10N-R10E - 5+/- acres with a mix of grass and tillable, on Havelock Ave.

Tract 15: 38± ac Sec 06-T10N-R10E - 38+/- acres on Fletcher Ave. with 34+/- acres tillable consisting of Yutan Silty Clay Loam.

Tract 16: 5± ac Sec 06-T10N-R10E - 5+/- acres on Fletcher Ave. with a 1200 sq ft brick home with a 4 in. well, full basement, water softener, central air w/ fuel oil heat, 2 bedrooms, 1 bath, hardwood floors throughout the entire 1st floor, 40 ft.x60 ft. pole barn, 32 ft.x64 ft. timber framed barn with the balance of acreage grass and pasture.

Tract 17: 36± ac Sec 06-T10N-R10E - 36+/- acres on Fletcher Ave. consisting of 13+/- acres of tillable with the balance pasture and recreational.

TRACT MAP(S)

TRACT 1

TRACTS 8-14

TRACTS 2-7 & 15-17

SOIL INFORMATION


TRACT 1


TRACTS 2-7 & 15-17


TRACTS 2-8 & 15-17

AREA MAP(S)

PROCEDURE: The property will be offered in 17 individual tracts and any combination of tracts within Tracts 1-14, and 15-17. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts and tract combinations may compete.

BUYERS PREMIUM: The contract purchase price will include a Buyers Premium equal to 3% of the bid amount.

DOWN PAYMENT: 10% of the total contract purchase price will be due as a down payment on the day of auction, with the balance due in cash at closing. The down payment may be made in the form of cashiers check, personal check, or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller.

DEED: Seller shall provide Special Warranty Deed(s).

EVIDENCE OF TITLE: The Seller agrees to furnish an Owners Policy of Title Insurance in the amount of the purchase price. Cost of the Title Insurance to be split 50:50 between Buyer and Seller. Any lenders Title Insurance and endorsements will be paid by the Buyer.

CLOSING: The closing shall take place by March 20, 2018 or as soon thereafter as applicable closing documents are completed by Seller. Seller and Buyer shall share 50:50 the cost of closing.

POSSESSION: Possession shall be delivered at closing, except the possession of the home on tract 5 shall be delivered on June 1st 2018.

REAL ESTATE TAXES: The Seller shall be responsible for the 2017 calendar year taxes and the Buyer shall be responsible for the taxes due for 2018 calendar year and thereafter.

MINERALS: Seller reserves the right to reserve any and all mineral rights.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Seller.

ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate and Auction Company, Inc., The Lund Company and their representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY Announcements made the day of the sale take precedence over printed material or any other oral statements made.