Property Description

157.35+/- Acres Hamilton County, Nebraska

Selling On Our

UNRESERVED ONLINE AUCTION

September 17, 2020

Bidding opens September 3, 2020, and ends September 17, 2020, at 10:00 AM

This farm is selling on our unreserved online auction.  To register and bid, visit www.bigironrealty.com.

The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid.  Real Estate Agent reserves the right to adjust bidding increments.

 Plan to Attend the Informational Meeting & Auction:

Bremer Community Center

1604 L Street

Aurora, NE 68818

BigIron Realty Agents will be at Bremer Center in Aurora, NE, on Wednesday, September 16, 2020, from 1:00 PM to 3:00 PM and Thursday, September 17, 2020, from 8:00 AM until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty Representatives will be there to assist buyers with registering to bid online.  You do not have to be present to bid online, but you are required to be available by phone.

BIDDING PROCESS: You may place bids on this farm for 14 days beginning September 3, 2020, and ending September 17, 2020, at 10:00 AM. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.

General Description:  This very productive gently rolling farm has excellent access to local grain markets. The farm is irrigated with an 8 tower Valley pivot with a corner system; it has drops with i-wob nozzles, and a 60 HP electric motor.  There is a 60’ x 60’ steel building and 3-grain bins, a continuous flow dryer, holding bin, grain leg, and drive over pit.  This farm is a great opportunity to add to your operation!

No proceeds from the 2020 rents shall pass to the buyer. Propane tanks are not included. The east tank shall be relocated prior to closing onto the home acreage at an expense of the seller and the 2 west tanks shall be removed after tenants lease expires on 1 January 2021 by Bosselmans. Per escrow agreement, funds will be withheld from the sellers proceeds to allow funds in the amount of $4,362.19 to switch the corner system from inverted to trailing by Perfect Circle Irrigation in Central City. Electricity for buildings is currently tied to the home site and will be re-metered to the bin site at expense to the seller prior to closing. The buyer agrees that they have performed their due diligence, inspected the property, reviewed property lines / survey, the equipment, and accept all in its “As Is” condition. The buyer and seller agree that a part or whole of the purchase agreement may be assignable at closing.

Legal Description: The NW ¼ less a 3+/- acre tract of Section 35-12-6W Hamilton County, NE, containing 157.35+/- acres (exact acres to be determined by survey).

Land Location:  From Aurora, NE, go 7 miles north on Hwy 14 and 1 ¼ miles east on Road 20, the farm will be on the south side of the road.

2019 Taxes:   Approximately $9,000.00 (Due to splitting of Tract)

Owner:  Robert Jensen Jr. Estate

For more information, contact listing agents:

Jerry Hoegh 402-694-9224 or Bryan Knox 402-305-4870

Terms:  The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to BigIron Realty Trust Account.  The earnest deposit can be made by a personal check, company check, or by wire transfer. The balance will be due at closing on or before October 19, 2020. Seller will provide marketable title to the Buyer evidenced by title insurance; the title insurance and closing costs are split 50/50 between the Buyer and Seller.  The 2020 real estate taxes will be paid by the Seller, and the 2021 Real Estate Taxes will be paid by the Buyer.  The property will not be sold subject to financing.  Bidding increments may be changed at the discretion of the Real Estate Agent.  Please have all the financial arrangements made prior to the auction.  The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed, or implied and shall be the sole and controlling document for this real estate transaction.  BigIron Realty is working for the Seller.