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S.O. Randel Farm Real Estate Auction

  • Irrigated Cropland

Auction Date: April 25, 2016 at 1:00 pm Mountain
Auction Location: Red Willow County Fairgrounds
Notice: SOLD - $575,000
Description: 326 acres non-irrigated cropland and rangeland with nice steel building in Red Willow County, Nebraska. Offered at public auction Monday, April 25, 2016 at 1:00 p.m., Fairgrounds Community Building in McCook, Nebraska.
Location:

The farm has excellent access, bordering
on the west side of US#83, 11 miles south of McCook. Road 387 forms
the west boundary with Road 703 on the south.

Terms:

This cash sale requires a 15% earnest deposit at signing of the
Purchase Agreement immediately following the auction. Balance of the
purchase price payable in certified funds at Closing on or before May 31,
2016. There is no contingency for financing. Sellers will convey title by
Trustee 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.

Possession: at Closing, subject to 1/3 Farm Lease on 2016 wheat.
Acreages:

Reported acreages were obtained from the County USDAFSA
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.

Seller: S.O. Randel Farm, LLC
Comments:

S.O. Randel Farm has outstanding soils of 96% Class II Holdr ege &
Keith silt loams, 1-3% slopes. The farm has excellent access, bordering
on the west side of US#83, 11 miles south of McCook. Road 387 forms
the west boundary with Road 703 on the south. This auction is at Seller
Reserve. The Title Commitment, Purchase Agreement, and additional
information is available from Agri Affiliates prior to the auction.

Legal Description : N1/2 Section 27-T1N-R29W of the 6th PM, except
highway right-of-way. 326 tax assessed acres, non-irrigated cropland and
rangeland. 2015 real estate taxes $5,722. Very nice steel building 40X60;
uninhabitable house at building site with excellent tree protection.
65 acres fenced rangeland with submersible well. 259 acres excellent non-irrigated
cropland in 2 large fields, with 96% Holdrege & Keith Class II
silt loam soils. Buyer receives 1/3 share in growing 2016 winter wheat.