LAND AUCTION

Friday, February 2, 2024, 10:00 a.m.

 

Phillips Memorial Hall

501 3^rd St., Phillips, Nebraska

 

Live auction with online bidding available.

Check Here for Online Bidding

 

This pivot-irrigated farm offered at public auction is a beacon of agricultural excellence nestled within 15 miles of vital markets including a seed corn processing plant, an ethanol production unit, and a major grain terminal. Surrounded by some of the nation's most fertile lands, this farm boasts not just top-tier soil quality but also abundant, reliable underground water supplies. This strategic location and our rich resources fuse to create an ideal environment for efficient and sustainable farming.

Location:  3 miles west of Aurora (or 5 miles east of the Phillips Spur) on Hwy 34 to K Road (Murphy Rd) then 6 miles north to 19^th Road then 1 mile east.  The farm is at the intersection of L Rd & 19^th Road.

 

 

 

 

 

 

 

 

 

Legal Description:  Northwest Quarter (NW ¼) in Section Two (2), Township Eleven North (T11N), Range Seven West (R7W) of the 6^th P.M. Hamilton County, Nebraska 160.11 acres more or less.

 

Equipment:  US Motors 75 hp electric well at pivot point, US Motors 50 hp gearhead on northeast well.  (Center pivot is owned by the previous tenant and not included.  The tenant has expressed a desire to sell the pivot to the new owner, however that would be between the buyer and the previous tenant)

 

FSA Information:

Farmland                                 155.22

Cropland                                  155.22

Corn Base                                132.3

Grain Sorghum Base               18.8

Soybeans Base                        3.5

Total Base                                154.6

 

Taxes:  $10,074.02 (2023)

   

  

   

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Terms:  A nonrefundable earnest money payment of $200,000 will be due the day of the auction.  The balance will be due on or before March 15, 2024, by certified funds, or a direct wire transfer to the closing agent.  The 2023 and all prior taxes will be paid by the sellers.  The buyer will be responsible for all subsequent taxes.  Title insurance will be split equally between the buyer and the seller.  The sellers will convey fee simple title subject to any existing highways, easements, reservations, or encumbrances of record on file with Hamilton County Register of Deeds.

 

Soil Sampling:  The buyer will be required to reimburse the previous tenant at closing for soil samples in the amount of $1,694.  Contact us for a copy of these soil sample results.
 

Online Bidding:  Bidders must contact Ruhter Auction & Realty, Inc. and accept the terms prior to being approved to bid.

 

Possession:  Possession for Agricultural Purposes will be granted March 1, 2024.  Full possession will be granted at closing.

 

Auction Method:  Bidding increments are at the discretion of the auctioneer.  Any absentee bids or bidding on behalf of another person or entity must be approved by Ruhter Auction & Realty, Inc and the seller. 

 

Announcements:  All inspections required by the purchaser will need to be made prior to the auction date.  This sale is not contingent upon financing and while the information presented in marketing materials and on auction day were obtained from sources deemed reliable neither Ruhter Auction & Realty, Inc. or the seller makes any guarantees or warranties as to the accuracy.  This property sells “AS IS WHERE IS” with no warranties either expressed or implied.  Interested parties should conduct their own due diligence.  Any announcements made Auction Day by Ruhter Auction & Realty, Inc. will take precedence over any previous oral statement, printed materials, or any other communication.  Final bids are subject to seller confirmation/ acceptance.

 

Acres & Mapping:  The maps used in promotional materials and at the auction may not be to scale and are meant for illustrative purposes only.  The acres represented on this property are simply used as a multiplier for total sales price.  A survey has not been completed; however, we have used the best sources available to us in determining the correct acreage, but they are not guaranteed.

 

Ruhter Auction & Realty, Inc. is acting as an agent for the seller.

 

Seller:  Noble Family Limited Partnership