Cornerstone Bank
LAND AUCTION
591 ACRES +/-, OFFERED IN THREE (3) TRACTS
NUCKOLLS COUNTY FARMLAND
TUESDAY, MARCH 9, 2010 @ 2:00 P.M.
LAWRENCE, NE, LEGION HALL

MYERS BROTHERS FARM TRUST
CORNERSTONE BANK, AGENT

TRACT #1

– LEGAL DESCRIPTION: The South Half (S ½ ) of Section Twenty Seven (27), Township Three(3) North, Range Eight (8), West of the 6th P.M., Nuckolls County, Nebraska.
2009 REAL ESTATE TAXES: $3,792.70

SOILS INFORMATION: The soils on this tract include but are not limited to: Hastings Silt Loam (1-3% & 3-7% Slopes), Geary Silty Clay Loam (7-11% Slopes), Geary –Uly Complex (11-30% Slopes)
FSA INFORMATION : Farm Number 796, Farmland -324.0 Acres, Cropland – 163.7 Acres, Grain Sorghum Base – 76.1 Acres Yield- 66 bu, Wheat Base- 44.4 Acres Yield – 33 bu, Corn Base – 16.4 Acres Yield – 65 bu Soybean Base -13.0 Acres Yield – 25 bu, Oats Base -1.6 Acres Yield -47 bu. (Note: 33.1 acres of wheat planted in 2009 for 2010 harvest)

TRACT #2

– LEGAL DESCRIPTION: The North Half (N1/2) of the Northeast Quarter (NE ¼) and the Southwest Quarter (SW ¼) of the Northeast Quarter (NE ¼), of Section Thirty Three (33), Township Three (3) North , Range Eight (8), West of the 6th P.M., Nuckolls County, Nebraska.
2009 REAL ESTATE TAXES: $1,982.82
SOILS INFORMATION: The soils on this tract include; Hastings Silt Loam (0-1%, 1-3% & 3-7% Slopes), Uly Silt Loam (11-30% Slopes).
FSA INFORMATION: Farm Number 796, Farmland 124.0 Acres, Cropland – 102.6 Acres, Grain Sorghum Base -47.5 Acres Yield – 66bu, Wheat Base – 27.7 Acres Yield – 33 bu, Corn Base – 10.3 Acres Yield – 65 bu., Soybean Base – 8.1 Acres Yield – 25 bu, Oats Base-1.0 Acres Yield – 47 bu. (Note: 91.8 acres of wheat planted in 2009 for 2010 harvest)

TRACT #3

- LEGAL DESCRIPTION: The Southwest Quarter (SW ¼) of Section Twenty Eight (28), Township Three (3) North, Range Eight (8), West of the 6th P.M., Nuckolls County, Nebraska.
2009 REAL ESTATE TAXES: $2,049.82
SOILS INFORMATION: The soils on this tract include: Hastings Silt Loam (0-1%, 1-3% & 3-7% Slopes), Holder Silty Clay Loam (7-11% Slopes), Uly Silt Loam 11-30% Slopes)
FSA INFORMATION: Farm Number – 795 Farmland – 160 Acres, Cropland – 107.7 Acres, Grain Sorghum Base – 54.1 Acres Yield – 72 bu, Wheat Base- 29.3 Acres Yield – 44 bu, Soybean Base – 3.5 Acres Yield – 37 bu, Oats Base- 4.4 Acres Yield – 42 bu. (Note: 30.0 acres of wheat Planted in 2009 for 2010 harvest)

TERMS: Required down payment of 20% of the sale price at the conclusion of the sale. Closing to occur on or near April 9, 2010. A title insurance policy will be issued to insure marketable title. The cost of owner’s policy of title insurance will be split ½ to seller and ½ to buyer. Conveyance of title on the farm will be by Trustee’s Deed. 2009 and all prior years Real Estate Taxes will be paid by the Seller. Seller reserves the right to reject any and all bids. All property, real and personal, is being sold on an “As is, where is” basis and no guarantees are made or implied by seller or agent. Any other terms or condition s governing the sale of these tracts will be announced the day of the sale. Announcements made day of sale will take precedent over written advertisements. Cornerstone Bank, Agent for the seller, and Underwood Realty and Auction are representing the seller only in all aspects of this transaction. Landlord’s possession upon closing, full possession subject to tenants’ 60% share of the 2010 winter wheat and will be granted upon completion of wheat harvest.

For more Information Contact:
Cornerstone Bank
Trust Department
402-363-7411

Auction conducted by: Underwood Realty & Auction
Auctioneer: Mike Hoffschneider

Due to the possibility of incorrect information and typographical errors, the auctioneer, owner printer and web designer, will not be held responsible for any errors that might appear in this advertisement. However, every effort has been made to describe the sale items accurately. The auctioneer's announcements on day of sale will take precedence over printed matter.

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Underwood Realty and Auctions Jack and Linda Underwood
111 Rd S
Exeter, NE 68351
Phone/Fax 402/266-8561