Tuesday, March 11,2008 01:00 PM  thru  03:00 PM

From Johnstown, NE: travel 6 miles west on Hwy 20 to Tract 7 (headquarters and abandoned bin site) located on the south side of the highway. Then 3/4 mile north, 1-1/4 miles east, and 3/4 mile north to Tracts 1 thru 6. Watch for Signs!

Ainsworth Conference Center
606 East 4th Street
Ainsworth, NE 69210
(402) 387-2494

The property consists of 9 irrigated quarters of which 7 are enrolled in CRP. 920.2 acres of CRP, 260.5 cropland, approximately 630 acres of pasture with the balance being native grasses and recreational land.

Tract 7 includes a steel building (40ft x 75ft) with a 16ft door and concrete pads from existing 200,000-bushel grain facility located on Hwy 20.

Real Estate taxes for 2007 total $9,509.

Primary soil types are Simeon and Valentine.

All nine irrigation wells are in compliance and detailed information is available upon request.

Access to Tracts 1 through 6 are via a recorded easement from Hwy 20.

Tracts 2 and 5 each include a small portion or recreational land with excellent hunting.

PROCEDURE: The property will be offered in 7 individual tracts or any combination of tracts. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashiers check. The balance of the contract purchase price is due in cash at closing within 30 days. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING.

ACCEPTANCE OF BID PRICES: All successful bidders will sign a purchase agreement at the auction site immediately following the close of bidding. All final bid prices are subject to the Sellers acceptance or rejection.

BUYER BROKER PARTICIPATION: A commission will be paid to any properly licensed Buyer Broker who registers a successful buyer according to the Broker Participation Guidelines. Broker Registration Forms are available upon request. Forms must be completed and returned no later than 48 hours prior to the auction.

CLOSING: Closing shall take place 30 days after auction day, or as soon thereafter as applicable closing documents are completed. Anticipated closing date is on or before April 25, 2008.

POSSESSION: Possession will be given at closing.

TITLE: Seller shall provide an Owners Policy of Title Insurance in the amount of the purchase price, and shall execute a proper deed conveying the real estate to the buyer(s). The premium for the title insurance policy shall be split equally between the Buyer and Seller.

REAL ESTATE TAXES AND ASSESSMENTS: The 2007 calendar year taxes payable in 2008, shall be paid in the form of a credit to Buyer at closing. Buyer will be responsible for all taxes and assessments thereafter.

CRP CONTRACTS: Buyer agrees to assume and shall maintain the CRP contracts currently in place and indemnify Seller from loss or claims due to Buyers non-assumption, forfeiture or non-renewal of the said contracts. Buyer will execute a CRP-1 Successor Contract at closing. 2008 CRP payments will be paid to the Buyer.

EASEMENTS AND LEASES: Sale of said property is subject to any and all easements of record and any and all government leases. Please contact the auction company for details.

SURVEY: AT THE SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description. Any need for a new survey shall be determined solely by the Seller. The cost of the survey will be split equally between the Buyer and Seller if a survey is needed. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

MINERAL RIGHTS: The sale of the property shall include all mineral rights owned by the Seller, if any.

AGENCY: Westchester Auctions, LLC and its 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 agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. 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 believed to be accurate but 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. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.

NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.

NOTE: Videotaping, flash photography, and/or public announcements will be allowed on auction day ONLY with prior approval from Westchester Auctions, LLC.