LAND AUCTION
BY UNDERWOOD REALTY & AUCTIONS
FILLMORE COUNTY FARM GROUND
WEDNESDAY, NOVEMBER 19, 2008 10:30 A.M.
AUCTION TO BE CONDUCTED AT:
LEGION HALL * FAIRMONT, NE

Legal Description: East One-half (E 1/2) Northeast Quarter (NE 1/4) Section Twenty One (21), Township Eight (8) North, Range Two (2) West of the 6th P.M., Fillmore County Nebraska.

* This property is located 2 miles East and 1 mile North of Fairmont, NE

* An unimproved 80-acre dry land tract consisting of 59.11 acres of  of cropland the balance is pasture, farmstead and county roads.  There is an abandoned building site on the property that lends little value to the farm.

* Landlords possession upon closing with full possession January 1, 2009. All rents and or program payments for crop year 2008 to be retained by the seller.

* FSA information: Wheat base of 27.2 acres with 34-bushel yield.  Grain sorghum base of 25.6 acres with 77-bushel yield and Soybean base of 6.4 acres with 27-bushel yield. Projected program payment, $1,060.00.

* 2007 Real Estate taxes are $1,336.78.

Terms & conditions: 10% earnest deposit day of auction required from successful buyer. Title insurance cost to be split evenly between buyer and seller. Balance of purchase price plus closing costs to be paid in full with certified funds upon closing and delivery of appropriate deed.

Closing within 30-days of auction unless both buyer and seller agree differently. Seller will pay 2008 real estate taxes and all previous years taxes. 2009 and subsequent taxes are the sole responsibility of the buyer.

The sale of this property is not contingent upon the ability of the purchaser to secure financing. Please consult your loan agency prior to auction.

Final bid subject to the confirmation of the Personal Representative for the Melvin T. Ackerman Estate.

Underwood Realty & Auctions is acting as seller's limited agent and as such is solely representing the seller in this transaction. By bidding on this property, bidders acknowledge and agree to the above listed terms and conditions. Any announcements day of auction shall take precedence over any printed material.
 

MELVIN T. ACKERMAN ESTATE, OWNER
Jason Ackerman, Personal Representative