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Cozad Irrigated Farm Real Estate Auction

  • Irrigated Cropland

Auction Date: March 22, 2016 at 1:00 pm Central
Auction Location: Chipper Hall - Cozad, NE
Notice: Sold - $920,000
Description: 200 acres gravity irrigated with pivot potential, Dawson County, Nebraska. Offered at public auction Tuesday, March 22, 2016 at 1:00 p.m., Chipper Hall in Cozad, Nebraska
Location:

The farm is located in the productive Platte River Valley in Dawson County, Nebraska. Access is 3 miles north then 1 west of Cozad at the corner of Roads 765 & 419.

Terms:

This cash sale requires a 15% earnest deposit at signing of the Purchase Agreement immediately following the Auction. The balance of the purchase price is payable in certified funds at Closing, April 29, 2016. There is no contingency for financing. Sellers will convey title by War-ranty Deed; with Title Insurance evidencing merchantable title. Cost of the Title Insurance and an Insured Closing by the Title Company will be shared 50/50 by Seller/Buyer. Property sells subject to easements, rights-of-way, zoning, and restrictions of record; Free and clear of all liens. The property sells in “as-is” condition; No warranty is expressed or implied as to the adequacy of any portion of the property, surface irrigation rights, or irrigation equipment. Seller reserves the right to reject all bids, but fully intends to sell the property.

Legal Description:

SE1/4, and part NE1/4 Section 14-T11N-R24W.

Possession: Full possession at Closing; subject to 2016 farm lease.
Taxes: 2015 taxes $12,936.
Acreages:

Reported acreages were obtained from the County USDA-FSA office, and County Assessor. The farm sells without regard to acres. No warranty is expressed or implied as to exact acres. The legal descriptions are subject to existing fence/field boundaries.

Comments:

Cozad & Hall silt loam soils 75% Class I irrigated; balance Class II soils.
184.7 acres FSA cropland : 128.3 acres Corn Base @ 158 bushel PLC.

184.6 acres surface rights in Cozad Ditch Company. (currently irrigated by a center pivot owned by Tenant). Seller owns tower bridges for canal.

Buyer receives 2016 Cash Lease of $42,682, payable 1/2 March 1 and 1/2 September 1, 2016. Written lease terminates December 31, 2016.