Top Producing North Central Saunders County Non-Irrigated Farmland Estate Auction

TOP PRODUCING NORTH CENTRAL SAUNDERS COUNTY NON-IRRIGATED FARMLAND ESTATE AUCTION

* * * 160 ACRES SELLING IN 2 TRACTS * * *

SATURDAY, NOVEMBER 21, 2009  10:00 AM

CEDAR BLUFFS, NE: Auction will be held at the Cedar Bluffs Fire Hall Meeting Room on Main Street in Cedar Bluffs, NE.

* * * TRACT # 1  -  80 ACRES * * *

This Tremendous Top-Producing Farm features nearly all tillable crop acres in the Highly Productive Northern Todd Valley in North Central Saunders County! This highly productive farm features over 80% of Class I Sharpsburg Silty Clay Loam (ShA) with the balance in Class III Sharpsburg Silty Clay Loam (ShD2 & ShD3) and Fillmore Silty Clay Loam (Fi). The farm also does feature an older 36x40 machine shed and is located just 1 ¼ miles North of Hwy. 109. This Farm TRULY deserves your interest and inspection!

LEGAL DESCRIPTION: The North Half of the Southeast Quarter (N ½ SE ¼) of Section 27, Township 17 North, Range 7 East of the 6th P.M., Saunders County, Nebraska, containing approximately 80 acres, more or less.

2008 REAL ESTATE TAXES:   $   3,108.94
2009 REAL ESTATE VALUATION:  $  207,530.00 (New Valuation)

* * * TRACT # 2  -  80 ACRES * * *

This Tremendous Top-Producing Farm features a unique combination of Highly Productive Farmland in the Northern Todd Valley in North Central Saunders County AND a beautiful Panoramic View of the surrounding Countryside and also overlooking a small Farm Lake on the Farm directly South of the Farm. There are approximately 74 tillable acres on this Farm with the large majority of the land in Class III Sharpsburg Silty Clay Loam (ShD2, ShD3) & Monona Silt Loam (MnC) and Fillmore Silty Clay Loam (Fi), with the balance in Class I Sharpsburg Silty Clay Loam (ShA) soils. This farm also features an older Farm site with an existing old Corncrib on the Northwest corner of the Farm and is directly across County Road 16 from Tract # 1 and only 1 ¼ miles North of Hwy. 109. This farm also Truly deserves your interest and inspection!

LEGAL DESCRIPTION: The North Half of the Southwest Quarter (N ½ SW ¼) of Section 26, Township 17 North, Range 7 East of the 6th P.M., Saunders County, Nebraska, containing approximately 80 acres, more or less.

2008 REAL ESTATE TAXES:  $  2,209.40
2009 REAL ESTATE VALUATION:  $  138,810.00 (New Valuation)

FARM SERVICES AGENCY (FSA) INFORMATION:

FARM NUMBER             - 282
FARM ACRES               - 160
TILLABLE ACRES          - 150.5
CORN BASE                 - 76.0 ACRES
YIELD (DRYLAND)        - 110 Bushels (Direct Yield)
                                - 137 Bushels (CC Yield)
SOYBEAN BASE            - 74.5 ACRES
YIELD (DRYLAND)        - 40 Bushels (Direct Yield)
                                - 48 Bushels (CC Yield)

* * TERMS OF THE REAL ESTATE AUCTION * *

An Earnest Deposit of $ 25,000.00 per Tract will be required on Auction Day. The Balance will be due on or before December 22, 2009. Title Insurance & Escrow Closing Fees will be divided equally between Buyer and Seller. Marketable Title.
POSSESSION: Full 2010 Crop Year Possession will be given to the new Buyers on March 1, 2010.
1031 EXCHANGES: Any Buyers desiring to do a 1031 Tax Exchange will need to make prior arrangements with the Auction Company at least 3 days prior to the Auction. We will attempt to accommodate any Buyers wishing to do an Exchange.
REAL ESTATE TAXES: All 2009 & prior years Real Estate Taxes will be paid by the Sellers. 2010 and forward will be the responsibility of the New Buyers.
AGENCY DISCLOSURE: Any/all Agents involved in the Real Estate Transaction are Agents of and Represent the Sellers.

AUCTIONEER’S NOTE: Make your plans now to attend this Interesting Auction. Opportunities to Purchase an Excellent North Central Todd Valley Farm are few and far between, and on this Auction you have the Opportunity to Purchase 2 of them! For More Information, Please Contact the Auctioneers or visit the web site at www.nitzauctions.com.

LYMAN/CAMPBELL FARM PARTNERSHIP - SELLERS