640 ACRES POLK COUNTY FARMLAND AUCTION
7 TRACTS
THURSDAY, JUNE 22, 2006 1:02 P.M.
Auction Site: Polk Town Hall, Polk, NE

Southeast Quarter (SE1/4) of Section Eight (8), Township Thirteen (13) North, Range Four (4) West of the 6th P.M., Polk County, Nebraska. This Farm is 160 acres pivot irrigated. The seven tower Reinke pivot and generator were purchased new in 2004, the 454 power unit (N.G.) was new in 2001. The well was completed in June of 1955 or 1956, registration # G-14756, and is at a 260' depth, static level of 90', pump column of 8" at 180', and pumped at 750 g.p.m. This farm is predominately Holder soils. The corn base is 88.9 acre, a Soybean base of 30.6 acres, Sorghum base of 21.8 acres. The Farm service payment is $3,706.00. This Farm Service information is an approximation. The real estate taxes for 2005 were $4,172.88.

An approximate 3-4 acre tract located in the Southwest Quarter (SW1/4) of Section Eight (8), Township Thirteen (13) North, Range Four (4) West of the 6th P.M., Polk County, Nebraska. Survey to be done to determine exact legal description. The home is three bedroom, one bath, 1272 square feet with a full unfinished basement and was built in 1961. It includes central air, double detached garage, a 40'x40' machine shed and three other out buildings. The grain handling in the yard sells with the land only in tract # 2. The estimated taxes for 2005 were $1,459.09. Shown by appointment.

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East Half of the Southwest Quarter (E1/2SW1/4) Section Seventeen (17), Township Thirteen (13) North Range Four (4) West of the 6th P.M., Polk County, Nebraska. This farm consists of 80 acres pivot irrigated crop ground. This farm has a Reinke seven tower pivot and generator that was purchased new in 2004. It is used to water the west 80 as well. There is a water easement that transfers to the new owner(s) from the property to the west. This farm consists of predominately Holder soils, with a little Cozad 1-3. The Corn base is 47.8 acres, Soybean base 16.4, and Sorghum base of 11.7 acres. The FSA government payment is $2080.00. This Farm Service information is an approxmation. The real estate taxes for 2005 were $1,947.34.

North Half of the Southeast Quarter (N1/2SE1/4) North of the Railway, Section Twenty (20), Township Thirteen (13) North, Range Four (4) West of the 6th P.M., Polk County, Nebraska. This farm consist of 102 irrigated acres of predominately Cozad and Holder soils. The well was completed in September of 1977, Registration # G-14755, at a depth of 247 ft., 18" casing, static level of 85', 8" column, and pumped at 750 g.p.m. This Farm also sells with a 350 Chevy power unit (NG). The Corn base is 61.2 acres, Soybean base is 21.1, and sorghum base is 15.0 acres with a payment of $2,670.00. This Farm Service information is an approximation. The real estate taxes for 2005 were $2,504.58. This farm also sells with a 11,000 bushel storage bin with drying floor and stirators.

West Half of the Northeast Quarter (W1/2NE1/4) of Section Twenty (20), Township Thirteen (13) North, Range Four (4) West of the 6th P.M., Polk County, Nebraska. This farm consists of 80 irrigated acres of predominately Cozad and Holder soils. There are 66 acres gravity irrigated with 14 acres grassland on North end of farm. The well was completed in June of 2001, Registration #G-111013, total depth of 300', pumping level of 104', Static level of 77', 8" column, and pumped at 800 g.p.m. This also sells with a 454 Chevy power unit (LP) that is approximately eight to nine years old. This farm has a 40.3 acre Corn base, 13.9 acre Soybean base, 9.8 acre Sorghum base. The FSA government payment will be $1,756.00. This Farm Service information is an approximation. The real estate taxes for 2005 were $1,880.68.

North Half of the Northwest Quarter (N1/2NW1/4) less the West 495' of Section Twenty (20), Township Thirteen (13) North, Range Four (4) West of the 6th P.M., Polk County, Nebraska. This farm consist of 63 dryland acres, 48 crop ground acres and the balance of 12 acres in pasture/grass. It has predominately Hobbs and Cozad soils. The Corn base is 26.8 acres, Bean base of 9.2 acres, and a Sorghum base of 6.6 acres. The FSA government payment will be $812.00. This Farm Service information is an approximation. The real estate taxes for 2005 were $1,185.92.

TERMS: The successful bidder will be required to enter into a legally binding purchase agreement and make an earnest deposit of 15% down day of sale payable to Norm Green Realty & Auction Trust Account. Balance due in full with certified funds on or BEFORE December 15, 2006. Buyer may elect to close any time prior to this scheduled date with a 30 day notice to broker. Title insurance will be furnished guaranteeing good title with the costs of the insurance split equally between buyer and seller and buyers will receive a warranty deed. Any surveys that may be required to establish a legal description or boundary line will be paid by the seller prior to closing. Seller will pay 2005 and 2006 taxes. Buyer will pay 2007 taxes. All 2006 crops and income shall be retained by the sellers and tenant. These farms sell subject to confirmation of sellers. Norm Green Realty & Auction and their associates are representing the sellers only as their agent. Any other terms, factors or conditions governing this sale will be announced day of auction.

POSSESSION: Tracts #1, #2, #4, #5, #6 and #7 will have full possession upon closing on Dec. 15, 2006. Fall field work can be negotiated. Tract #3 will have full possession March 31, 2007 with Landlord’s possession upon closing.

AUCTIONEER'S COMMENT: We have been commissioned by Strand Bros., Inc. to offer these farms at public auction. They are located in a great farming community with good soils and water. Plan on attending this auction and buy the auction way. Direct all inquiries to Ross Ronne or Michelle Ronne at 362-5595 and 366-7818 or John Romohr at 366-0288. This is a rare opportunity to buy quality, highly productive farmland, within close proximity to each other.

STRAND BROS., INC,. Owners