Frank Stahly Trust Farm

Parcel #1 - Located in southern Seward County, approximately 4 miles north and 2 miles west of Dorchester, or 5 miles west and 4 miles south of Milford, Nebraska. Access provided by county gravel roads. (located on corner of Road 322 and Rokeby Road)

Parcel #2 - Located in southern Seward County, approximately 4 1/2 miles west and 3 miles south of Milford, Nebraska. (Farm located on Yankee Hill Road.)

SEALED BID AUCTION TERMS & CONDITIONS
Sale Procedure
The two parcels of land will be offered individually for sale by sealed bid.
Interested, potential buyers are to contact the Agri Affiliates, Inc. office in Kearney to request
a PROPERTY BID PACKET), which contains detailed instructions, agency disclosure indicating Agri
Affiliates, Inc. and all agents are acting as agent of Seller, and an offer to
purchase agreement. Written submission of bids will be received at the office of Agri
Affiliates, Inc.

2418 Hwy 30 E, Kearney, NE 68847,

or P O Box 1390, Kearney, NE 68848,

until 1:00 P.M., CST on December 27, 2019.

Bids should be in total dollar amount, and not per acre. Agri Affiliates, Inc. will notify the
successful bidder on or after December 27, 2019 of the Seller’s acceptance of offer. The
successful bidders earnest money check will be deposited upon Seller’s acceptance of the
real estate sales contract. Unsuccessful bidder’s earnest money checks will be returned after
December 27, 2019. Seller reserves the right to reject any and all bids, however, the
intent is to sell the property. Bidder may withdraw or raise their bids by submitting
additional bids any time prior to 1:00 P.M., CST December 27, 2019. There will be no 2nd
round of bidding unless there are two or more bids for the exact same amount. If this occurs, then
each party would be asked if they wish to raise their bid until concluded.

(BIDS SHALL REMAIN SEALED UNTIL 1:00 P.M., CST DECEMBER 27, 2019.)

Potential buyers shall be responsible for contacting agents of Agri Affiliates, Inc. prior to
submitting their bids for any additional pertinent information or updates.

Terms of Sale

Terms of sale are cash, there is no contingency for financing. A 10% earnest money
check, made payable to Agri Affiliates, Inc., will be required with submission of written offer,
and checks will be held by Agri Affiliates, Inc. until conclusion of bidding process on December
27, 2019.

Closing

Closing will take place on or before January 17, 2020.

Parcel #1 - S1/2 S1/2 Section 26-T9N-R2E of the 6th P.M., Seward County, Nebraska.

Parcel #2 - W1/2 SE1/4 Section 24-T9N-R2E of the 6th P.M., Seward County, Nebraska.

Parcel #1 - 160.0
Parcel #2 - 80.0

Parcel #1 - Total Cropland - 122.32 acres.
Government Base Acres: Corn 30.5 acres with PLC yield of 166 bu/acre
Grain Sorghum 8.0 acres with PLC yield of 90 bu/acre
Soybeans 23.7 acres with PLC yield of 51 bu/acre

Parcel #2 - Total Cropland - 16.22 acres.
Government Base Acres: Corn 8.1 acres with PLC yield of 166 bu/acre
Grain Sorghum 8.1 acres with PLC yield of 90 bu/acre

Parcel #2 - Livestock water provided by a small dam and natural springs.

Parcel #1 - Cropland soils consist primarily of very productive Class II, III, and IV Hastings silt and silty clay loams, with slopes of 1-11%. Soils of the pasture consist primarily of Hastings, Coly, and Hobbs silt and silty clay loams, with slopes of 0-30%.

Parcel #2 - Cropland soils consist of Class III, and IV Hastings silty clay loams, with slopes of 3-11%. Soils of the pasture consist primarily of Hastings, and Hobbs silt and silty clay loams, along with Meadin soils and Steinauar clay loam, with slopes ranging from 1-30%.

Parcel #1 is a well maintained productive farm located in a strong farming community. Property offers both agricultural and recreational amenity.

Parcel #2 offers agricultural value, with it having dry cropland along with pasture that is grazed. However, due to its terrain and heavily wooded areas, this property offers excellent recreational amenity, (i.e., hunting) with it home to numerous wildlife.