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3 TRACTS – 320 ACRES HAMILTON CO. LAND AUCTION

HEIRS OF RONALD AND MARJORIE COATS

CAROL L. REITER, BARBARA COLEMAN AND JOAN K. SWIGLE. - OWNERS

Community Center, Giltner, Nebraska

Friday, December 11, 2009
Starting at 1:30 P.M.

LISTINGS

TRACT 1

LOCATION: GILTNER, NE: 2 Miles South on blacktop.
LEGAL DESCRIPTION: NE ¼ SECTION 19, TOWNSHIP 9 NORTH, RANGE 7 WEST, HAMILTON COUNTY, NEBRASKA CONTAINING 160 ACRES MORE OR LESS.
THE FARM: A Highly Productive Rolling and Level Pivot Irrigated Farm. Currently Irrigated by a 10 Tower Pivot. Pivot System is not included in this sale.

IRRIGATION WELLS INFO:
Well: Randolf 100 HP 1-1 Ratio Gearhead – Natural Gas is available
Year Drilled: 1977
Column Size: 9 in.
Depth: 195'
GPM: 800
Static Level: 83'
Pumping Level: 105'

FSA INFO:
Special Note: The below figures are estimates due to Tracts 1 and 2 are combined at this time.
Farmland Acres: 160
Cropland Acres: 155.63
Corn Base: 87.8 Yield: 120
Wheat Base: 12.8 Yield: 37
Grain Sorghum: 4.6 Yield: 90
Soybeans: 20.6 Yield: 34
Direct Payment - 2009: $3,039.95 (Estimate Only)

SOILS: Majority Soils are: Hastings, Hord, Holder Silt Loams
REAL ESTATE TAXES: 2009: $5,280.46 (Estimate only by Co. Assessor due to possible split of Tracts 1 and 2)


TRACT 2

LOCATION: GILTNER, NE: 2 ½ Miles South on blacktop.
LEGAL DESCRIPTION: E ½ SE ¼ SECTION 19, TOWNSHIP 9, RANGE 7 WEST, HAMILTON COUNTY NEBRASKA CONTAINING 80 ACRES MORE OR LESS.
THE FARM: Improved Farm with Older Home, Granary/Garage and Chicken House: A Combination Gravity Irrigated, Dry cropland, and 8.3 acres in the pasture and building site.

IRRIGATION WELLS INFO:
Well: Amarillo 50 HP Gearhead – Natural Gas is available
Year Drilled: 1956
Column Size:
Depth:
GPM: 920
Static Level:
Pumping Level:

FSA INFO:
Special Note: The below figures are estimates due to Tracts 1 and 2 are combined at this time.
Farmland Acres: 80
Cropland Acres: 69.36
Corn Base: 39.2 Yield: 120
Wheat Base: 5.7 Yield: 37
Grain Sorghum: 2 Yield: 90
Soybeans: 9.2 Yield: 34
Direct Payment - 2009: $1,355.63 (Estimate Only)

SOILS: Majority Soils are: Holder, Hobbs, & Hord Silt Loams
REAL ESTATE TAXES: 2009: $2,893.30 (Estimate only by Co. Assessor due to possible split of Tracts 1 and 2)


TRACT 3

LOCATION: GILTNER, NE: 5 Miles South on blacktop and gravel to County Line (One Road) and 1 ½ miles east.
LEGAL DESCRIPTION: S ½ SE ¼ SECTION 33, TOWNSHIP 9, RANGE 7 WEST, HAMILTON COUNTY, NEBRASKA CONTAINING 80 ACRES MORE OR LESS.
THE FARM: Combination Dryland and Pastureland Farm with pivot irrigation potential.

FSA INFO:
Farmland Acres: 80
Cropland Acres: 40.5
Corn Base: 24.3 Yield: 119
Wheat Base: 3.5 Yield: 37
Grain Sorghum: 1.3 Yield: 90
Soybeans: 5.7 Yield: 34
Direct Payment – 2009: $835.65

SOILS: Majority Soils are Geary Silty Clay and Holder.
REAL ESTATE TAXES: 2009: 861.02 (Estimated Depending on 2009 Levy)


TERMS OF SALE: 15% down – payment required on sale day. Balance due by cash, certified funds or a direct wire to the Trust Account of Cornwell Inc Land Brokers - Auctioneers on or before December 30, 2009 at which time a title insurance policy showing marketable title will be delivered. Title insurance will be paid 1/2 by buyer and 1/2 by seller. Taxes for 2009 and All prior years will be paid by seller.

POSSESSION: Full Possession will be given on March 1, 2010.

NOTE: Each potential bidder is responsible for conducting their own independent inspections, inquiries, and due diligence concerning these properties.

This sale is not contingent upon the ability of the buyer to secure financing. Please consult with your loan agency if necessary prior to the auction. Cornwell, Inc. Land & Home Brokers - Auctioneers are Agents for the seller.

Tom Cornwell - Auctioneer
Phone: 1-800-909-3894
Fax: 402-694-3392
E-Mail: tcornwell@hamilton.net

TERMS:
Cash or Good Check.  Picture ID required for Bidder's Number. All items at bidder's risk when bid in.   No items removed until settled for.  Not responsible for accidents.


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Office Phone: 402-694-2216 • tcornwell@hamilton.net
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