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REFEREE’S

LAND AUCTION

300 Acres (+/-) Furnas County, NE

Pivot & Gravity Irrigated, Dry Cropland & Pasture with Lots of Trees & 1 Mile (+/-) of Republican River, a 2-Story 8-Bedroom House, Barn, Quonset, Steel Grain Bins & Storage Building

Plus 1.63 Acres (+/-) with House & Out-Buildings

REFEREE’S

LAND AUCTION

By Order of the District Court of Furnas County, Nebraska

Friday April 16, 2010 10 AM

Cambridge, NE * Community Building

FARMERS - HUNTERS - OUTFITTERS

Take advantage of this opportunity to acquire 300 Acres (+/-) of productive Furnas County, Nebraska Pivot & Gravity Irrigated Cropland & Dry Cropland, Lots of Trees with excellent Wildlife Habit & Dry Cropland along the Republican River plus a 2-Story 5-Bedroom House on 8 Acres (+/-) all located Southeast of Cambridge, NE. Also selling 1.63 Acres (+/-) with a Fixer House, a Well & Out-Buildings located Southwest of Cambridge, NE. Selling in 3 Individual Tracts.

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TRACT 1

Aerial Map - Soils Map - Topography Map

LOCATION: Approximately 1/2 mile South of Cambridge on Hwy 47 & 2 1/2 miles East on Dr 720

LEGAL DESCRIPTION: That part of the W½ SW¼ being Government Lot 5 lying south of the Republican River; and that part of the E½ SW¼ being Government Lot 6 lying south of the Republican River; the W½ SE¼ being Government Lot 7; a part of the NE¼ SE¼ being Government Lot 8; and the SE¼ SE¼ all in Section 27, Township 4 North, Range 25 West of the 6th P.M., Furnas County, Nebraska

THE TRACT: 140 Acres (+/-) consists of 31.85 Acres (+/-) Dry Cropland in 4 separate fields ranging from 3.54 to 13.08 Acres (+/-) in size, perfect for Food Plots. The balance of 108.15 Acres (+/-) is excellent Wildlife Habitat with lots of Trees bordered by the Republican River which is the North boundary of this Tract. Wild Turkey, White Tail Deer & many other species of Wildlife populate this Tract, providing outstanding Hunting & Recreational opportunities.

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TRACT 2

Aerial Map - Soils Map  - Topography Map

LOCATION: Approximately 1/2 mile South of Cambridge on Hwy 47 & 2 1/2 miles East on Dr 720

LEGAL DESCRIPTION: That part of the E½ NE¼ lying East of the drainage way in Section 34, Township 4 North, Range 25 West of the 6th P.M., Furnas County, Nebraska; and The W½ NW¼ of Section 35, Township 4 North, Range 25 West of the 6th P.M., Furnas County, Nebraska; and The West 16 rods of the E½ NW¼ of Section 35, Township 4 North, Range 25 West of the 6th P.M., Furnas County, Nebraska

THE TRACT: 160 Acres (+/-) consists of 80 Acres (+/-) Irrigated under a 6-Tower Reinke Pivot & 20 Acres (+/-) Gravity Irrigated from a 10-inch 2,000-gpm Well set at approximately 1,000-gpm. There is no motor or control box on the Irrigation Well. 40 Acres (+/-) Dryland & 12 Acres (+/-) Trees plus 8 Acres (+/-) with a 2-Story 8-Bedroom House, a Barn, a 38x60-ft (+/-) Quonset-Style Storage Building, a 36x64-ft (+/-) Steel Storage Building, Steel Grain Bins & other Out-Buildings located on this “acreage” which is near the center of this tract. This is a highly productive Farm with excellent soils. An Easement to provide access to Tract 1 may be implemented from the County Road Dr 720 along the West Boundary line of Tract 2. Said Easement will be 21 feet wide (+/-).

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Tr 2 Barn.JPG (121577 bytes)

Tr 2 House 1.JPG (136744 bytes)

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Tr 2 Quonset.JPG (136269 bytes)

Tr 2 Steel Grain Bins 3.JPG (111627 bytes)

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TRACT 3

LOCATION: Approximately 4 miles South of Cambridge on Hwy 47 and 1 1/4 mile West on Rd 717.

LEGAL DESCRIPTION: A tract of land located in N½ of Section 19, Township 3 North, Range 25 West of the 6th P.M., Furnas County, Nebraska, described as follows: Commencing at a point 10 feet west of the submersible well located thereon, thence east 422 feet, thence south 168 feet, thence west 422 feet, thence north 168 feet to the point of beginning, which tract includes a House & Out-Buildings located thereon, consisting of approximately 1.63 acres (+/-).

THE TRACT: 1.63 Acres (+/-) This small “acreage” consists of a rectangular-shaped tract of land with a House & other Out-Buildings situated along the South side of Rd 717.

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TERMS: The purchaser shall make a 15% earnest deposit the day of the auction. The balance due at Closing with Confirmation of Sale by the District Court of Furnas County, NE. Possession given upon Closing. 2009 and prior years real estate taxes paid by Seller. The cost of title insurance / escrow fee shall be divided equally among the Buyer and Seller. All of the property sells in “as is” condition, no warranties. Announcements made at the Auction take precedence over any advertising. Mark Hamel, Referee is appointed by James E. Doyle, IV, District Judge in the District Court of Furnas County, NE. Final Sale subject to Confirmation of Sale by the District Court of Furnas County, NE.