704.40 Acres Kearney County, Nebraska
4 PARCEL LAND AUCTION
Friday, January 20, 2023 @ 10:00 a.m.
Ruhter Auction & Realty, Inc. Auction Facility
2837 W Hwy 6 Hastings, NE
*Online Bidding offered with prior approval*
LEGAL DESCRIPTION: Southwest Quarter (SW ¼) on south side of RR, Section Twelve (12), Township Seven North (T7N), Range Thirteen West (R13W) of the 6th PM, Kearney County, Nebraska, 172.68 acres more or less depending on survey.
FARM LOCATION: Directly south of tract #3, across RR tracks.
DESCRIPTION: Quality pivot irrigated farm with good soils, strong underground water supplies, level to rolling terrain in an area with competitive markets.
SOIL TYPES: Coly & Kenesaw Silt Loams
FSA DATA TRACTS #3 & #4
CROP BASE ACRES PLC YIELD
CORN 217.40 184
SOYBEANS 59.20 57
WHEAT 5.70 39
TOTAL BASE 282.30
IRRIGATION EQUIPMENT: 8 Tower T-L Center Pivot, standard nozzles, GM 350 natural gas power unit, Johnson 110HP gearhead, overhead engine cover, 1,550 poly tank, Precision Point Control III
Well Registration G-065647 Completion Date 3/24/1981 900GPM Well Depth 188’, Static Water Level 59’, Pumping Level 80’, Column 9”
Farm is located in the Tri-Basin NRD 134.70 Certified Irrigated Acres
POSSESSION: March 1, 2023
704.40 ACRES KEARNEY COUNTY, NEBRASKA
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 March1, 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. The buyer will be responsible for all subsequent taxes. Title insurance will be split equally between the buyer and the seller. The sellers will convey fee simple title subject to any existing highways, easements, reservations, or encumbrances of record on file with Kearney County Register of Deeds. All equipment and improvements sell in “as is” condition.
Possession: Full possession for the 2023 crop year will be granted at closing. Possession for agricultural purposes will be granted upon earnest money deposit.
Auction Method: These farms will be offered separately and not in combination. All tracts will close simultaneously at the conclusion of the auction. Bids will be recognized in the order received. Bidding increments are at the discretion of the auctioneer. Any absentee bids or bidding on behalf of another person or entity must be approved by Ruhter Auction & Realty, Inc. and the seller.
Announcements: All inspections required by the purchaser will need to be made prior to the auction date. This sale is not contingent upon financing and while the information presented in marketing materials and on auction day were obtained from sources deemed reliable neither Ruhter Auction & Realty, Inc. or the seller makes any guarantees or warranties as to the accuracy. This property sells “AS IS WHERE IS” with no warranties either expressed or implied. Interested parties should conduct their own due diligence. Any announcements made Auction Day by Ruhter Auction & Realty, Inc. will take precedence over any previous oral statement, printed materials, or any other communication. Final bids are subject to seller confirmation/ acceptance.
Acres & Mapping: The maps used in promotional materials and at the auction may not be to scale and are meant for illustrative purposes only. The acres represented on these properties are simply used as a multiplier for total sales price. A survey has not been completed; however, we have used the best sources available to us in determining the correct acreage, but they are not guaranteed.
Bidding: The property will be offered in 4 tracts. 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
Sellers: Horan Family Farms LLC
Ruhter Auction & Realty, Inc. is acting as an agent for the seller.