Spady Family Trust Land Auction — Adams County, Nebraska

Auction Date: January 27, 2021 at 1:00 pm CST

Auction Location: Lochland Country Club | 601 W. Lochland Rd., Hastings, Nebraska

Notice: SOLD - $1,540,000

Description: Join us for a land auction at Lochland Country Club, 601 W. Lochland Road, Hastings, Nebraska. Quality pivot irrigated quarter with excellent water and productive soils. Has excellent highway access and numerous recreational opportunities with grass and tree cover in the north pivot corners and access to the Little Blue River to the south.

Location:

7 miles south of Hastings, Nebraska on U.S. Highway 281

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, on or before March 12, 2021. There is no contingency for financing. Sellers to convey title by Trustee's Deed, with Title Insurance evidencing merchantable title. Cost of 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. Auction conducted as a Seller Reserve Auction with a $954,000 minimum bid ($5,704/acre).

Legal Description:

The North Half of the Southwest Quarter (N 1/2 SW 1/4) and the South Half of the Northwest Quarter (S 1/2 NW 1/4) of Section Twenty-Five (25), Township Six (6) North, Range Ten (10) West of the 6th P.M., Adams County, Nebraska, with exceptions.

Acres: 167.24

Possession: Full possession at closing

Seller: Norma W. Spady Family Trust

Terms:

Auction to be conducted as a Seller Reserve Auction with a $954,000 minimum bid ($5,704/acre). See full terms described in attached brochure.

Possession:

Full possession at closing.

FSA Information:

153.70 FSA cropland acres with 103.20 acres corn base @ 183 bu/acre; 9.9 acres grain sorghum base @ 75 bu/acre; 7.4 acres wheat base @ 36 bu/acre; and 3.0 acres soybean base @ 54 bu/acre. All cropland is considered non-highly erodible by the NRCS.

Water Rights:

Well registration #G050659. 151.1 certified irrigated acres, depth 156ft., 2,000 gpm. Pivot is nozzled at 900 gpm.

Soils:

Cropland soils consist primarily of Class I Cozad, Hord, and Cass silt loams, with lesser amounts of Class III and IV Holder, and Geary silt and silty clay loams.

Irrigation Equipment:

Western Land Roller pump and 100 hp Amarillo gearhead. Natural gas power unit and pivot irrigation system does not sell with the property.

Internet Bidding:

To qualify as a bidder, first complete a required phone interview with Agri Affiliates, then setup an account, username, and password in the online bidder platform. Final approval as a bidder must be completed 48 hours prior to the auction. Anyone may view the auction at agriaffiliates.bidwrangler.com without registration.