LEGAL DESCRIPTION: The Northeast Quarter (NE ¼) of Section of Eleven (11), Township Seven North (7N), Range Eight West (R8W) of the 6th PM, Clay County,
Nebraska, 160.02 acres more or less.
FARM LOCATION: Directly north of Tract #1.
FARM DESCRIPTION: High quality pivot irrigated farm with level terrain, excellent soils, strong underground water supplies.
SOIL TYPES: Crete Silt Loam, Hastings Silt Loam, Butler Silt Loam
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 January 18, 2023 by cash, certified funds or a direct wire transfer to the closing agent. The 2022 and all prior taxes will be paid by the sellers. Title insurance will be split equally between the buyer and the seller. All equipment and improvements sell in “as is” condition.
Terms & Conditions. By placing a bid, bidder acknowledges that they have read and accept all terms and conditions. It is the responsibility of the buyer to understand all terms and conditions prior to bidding!
Bidding: The properties will be offered in 3 tracts, with CHOICE to winning bidder. The price obtained will be by the multiplier X the acres of tract or tracts chosen. The winning bidder does have the right to take up to 3 parcels at the price obtained per acre. NOTICE The Runner-Up Bidder will have the right to purchase any remaining parcels at the same price as the high bidder. If the runner-up bidder declines the opportunity, the bidding will restart on any remaining parcels with CHOICE if more than 1 tract remains. Bids will be recognized in the order received. In the event of a tie bid between an internet bidder and a bidder on the floor, the bid on the floor will be given priority. Internet connections may be delayed or unreliable as the sole source of communicating a bid to the Auctioneer. Neither the Seller nor Ruhter Auction & Realty, Inc. shall bear any responsibility for internet connections or delayed bidding.
INTERNET BIDDERS - Please register to bid online at least 48hours prior to Auction day. Late registrations shall be accepted at the discretion of Ruhter Auction & Realty, Inc. Online Bidders will be required to speak with a company representative in order to complete the bidding approval process. By placing a bid you are entering into a contractual agreement with the seller to purchase the real estate should you be the highest bidder. Failure to follow through with your role in the transaction will result in negative consequences up to and including legal action to recoup damages caused to seller due to breach of contract. This is a simulcast auction, bidding can take place online or at the live auction. Property sold "As Is, Where Is," with no warranty or guarantees, expressed or implied, by the seller or Ruhter Auction & Realty, Inc. Bidders accept the property "WITH ALL FAULTS", whether or not immediately apparent. It is strongly recommended that bidders inspect the property before placing a bid. Auction Software and Ruhter Auction & Realty, Inc. will not be held liable for any software or software malfunctions. Winning bidder will be notified of acceptance of the high bid immediately after the auction is closed. Successful bidder will then be required to enter into a standard purchase agreement with the Seller. A 20% earnest money deposit of sale price will be required within 24 hours that is non-refundable.
Ruhter Auction & Realty, Inc. is acting as an agent for the sellers.
Seller: Morgan Land Co.
429 ACRES CLAY COUNTY, NEBRASKA
PREMIER PIVOT IRRIGATED
3 PARCEL LAND AUCTION
FRIDAY, DECEMBER 2, 2022 AT 10:00 AM
Ruhter Auction & Realty, Inc. Auction Facility
2837 W Hwy 6 Hastings, NE
*Online Bidding offered with prior approval*
LOCATION: From Harvard, NE & Hwy 6 junction, 4 miles west, north side, or from Hastings, NE, 8.5 miles east on Hwy 6. All tracts are contiguous and lie on the west side of road F.
Farms are located in the Upper Big Blue NRD & contain 416.36 certified
Tract #1 $9,679.30 Tract #2 $9,836.60 Tract #3 $6,739.62
POSSESSION: Possession for Agricultural Purposes March 1, 2023