HOMESTEAD
Land & Management Co.

722 Main Street Creighton, NE 68729 (402)358-5100


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LAND AUCTION


819.66 TOTAL ACRES +/- ***Offered in 4 Parcels!***
Boyd County Cropland, Pasture & Recreational Land



Keith G. Bittner and the late Mary Bittner - Sellers


Sold At Auction Thursday, January 18, 2024

Dan Rohrer (402)841-1360 Listing Broker/Auctioneer




Online bidding available






Location of Land:
From Lynch, NE: Take Hwy. 12 approximately 3/4 mile east to 503 Ave., then go 1 mile south. (The land surrounds the cell tower on the east side of the road.)

Location of Auction:
Community Hall, Lynch, NE

2023 Taxes on 819.66 acres: $11,658.14 ($14.22/acre) Parcel #200015100; 200040600; & 200041001

General Information: This auction presents an opportunity to invest in a well-managed Boyd County farm/ranch consisting of approximately 200 acres of tillable cropland (currently cash rented) and 619 acres of hard grass pasture (previously leased for 100 cow/calf pairs for 5 months grazing).

The pastures are cross fenced, each with multiple water sources including tank sites, ponds, and natural springs. There are a total of seven tank sites throughout the property served by rural water. The owner has done an excellent job of maintaining the property through cedar tree clearing, weed control, and having replaced 75% of the fences within the last 10 years.

In addition to the ag income and production, the farm boasts excellent hunting opportunities. Multiple water sources, mature hardwoods, and crop fields provide the cover and food sources that provide exceptional habitat for whitetail deer, turkeys, upland game, bobcat, and more. Bring your camper, design your own cabin, add some tower stands, and seed some strategically placed food plots to create and enhance your own family hunting retreat.

The property has excellent road access just off Hwy. 12 and is centrally located just minutes from the Niobrara River, Missouri River, Fort Randall, and Lewis & Clark Lake. This area of Nebraska is widely known for world class hunting and fishing. If you are looking for a well- managed diversified property with ag income and recreational potential you will want to take a closer look at this farm. We welcome your inspection of these farms. Call for complete details!



Tract #1: 180 Acres +/- subject to completion of survey
(Part of Sec. 24 & 25, Twp. 33N, Rg. 10W, Boyd Co., NE)

This is a productive tract of cropland that is almost 100% tillable. Soils mainly consist of Reliance silt loam and Onita silt loam. Topography is nearly level to gently rolling. The farm has excellent paved road access. This tract was planted to soybeans and alfalfa in 2023.

The new buyer will receive landlord possession at closing and will assume the remainder of the existing written cash rent lease on the cropland expiring at the end of the growing season in 2026. Call for complete details!



Tract #2: 69 Acres +/- subject to completion of survey
(Part of Sec. 24, Twp. 33N, Rg. 10W, Boyd Co., NE)

This is a small tract of pasture/recreational land well suited for a potential cabin, home, or RV camp site. The property offers excellent paved road access, mature oak trees, and beautiful views of the surrounding countryside. Small tracts of recreational land such as this are very difficult to find.

The buyer will receive full possession of this tract at closing.



Tract #3: 259 Acres +/- subject to completion of survey
(Part of Sec. 24, Twp. 33N, Rg. 10W, Boyd Co., NE)

This tract offers a combination of quality grassland and approximately 28 acres of productive bottom farmland currently in alfalfa. The property offers good road access just off Hwy. 12 along with two ponds and a tank site with rural water in the pasture. Soils on the cropland consist of Hall silt loam, Monowi silty clay, and Grigston silt loams.

The buyer will receive full possession of the pasture at closing and landlord possession of the cropland subject to the remaining three years of the written lease. Call for complete details!



Tract #4: 311 Acres +/- subject to completion of survey
(Part of Sec. 25, Twp. 33N, Rg. 10W, AND Sec. 30, Twp. 33N, Rg. 9W, All in Boyd Co., NE)

This is a tract of quality hard grass pasture with the right combination of timber to offer great hunting opportunities as well. The pasture is cross fenced and has four tank sites sourced from rural water. This tract also offers a pond and small intermittent stream.

The buyer will receive full possession of this tract at closing.




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Click here to view a PDF version of the Sale Bill




LIVE & ONLINE BIDDING AUCTION TERMS, CONDITIONS, & REQUIREMENTS



TITLE & CLOSING:
Seller will provide marketable title to the buyer evidenced by an Owner's policy of title insurance, with the said cost being divided equally between buyer and seller. The lenders policy and any endorsements will be paid by the buyer if requested. Preliminary title search information is available upon request.

Closing shall take place on or before February 16, 2024. Any escrow closing fees charged by the closing agent will be equally divided between buyer and seller. The balance payable at closing must be in certified funds in the form of a cashier s check or wire transfer. Buyers failure to close on or before the closing date may be subject to paying seller interest payments or a daily penalty of up to $500 per day at the sellers election. Upon buyer default, the seller may also elect to engage other legal options including, but not limited to, retaining the earnest money deposit and selling the property to another party.

PURCHASE AGREEMENT & EARNEST MONEY:
The successful buyer will be required to enter into a written purchase agreement immediately upon conclusion of the auction. Online buyers agree to sign all documents immediately using electronic means. All bidders onsite or online will be required to also immediately deliver a 15% non-refundable down payment to be made payable to Homestead Land Company Trust Account. The earnest money deposit may be a check or wire transfer. Buyer must deliver a check to brokers office at 722 Main Street, Creighton, Nebraska or arrange for a wire transfer to our Real Estate Trust Account. Wiring instructions are available upon request. Buyers failure to meet all terms and conditions or perform and close on the real estate purchase agreement are subject to loss of their earnest deposit which will be retained by the seller and will not be refunded.

The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling documents of this sale and supersedes any and all other terms whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. Bidders must request to review the purchase agreement prior to bidding if they wish to review it. Buyers consent to the purchase agreement as written by bidding and waive any additional legal review of the purchase agreement once the auction has ended.

Property to be sold "AS IS" with no warranties or guarantees implied. Information provided herein was obtain from sources deemed reliable, but Broker makes no guarantees to its accuracy. All prospective bidders are urged to fully inspect the property, its condition and rely on their own conclusions. The property is sold subject to existing easements, restrictions, covenants or reservations of record, if any. Plat maps, aerial photos, and reference materials are not intended as a survey and are for general location purposes only.

POSSESSION:
Tract #1: The new buyer will receive landlord possession at closing and will assume the remainder of the existing written cash rent lease on the cropland expiring at the end of the growing season in 2026.

Tract #2: The new buyer will receive full possession of this tract at closing.

Tract #3: The buyer will receive full possession of the pasture at closing and landlord possession of the cropland subject to the remaining three years of the written lease.

Tract #4: The new buyer will receive full possession of this tract at closing.

RENT PROCEEDS & TAXES:
The seller will pay the 2023 and any prior years real estate taxes. The 2024 and future years real estate taxes will be the responsibility of the buyer.

SURVEY:
A survey will be conducted if necessary or as part of a pre-determined lot split. A buyer may perform any survey at their own expense provided however that it will not delay the auction or the closing and they hereby acknowledge that the resulting buyer initiated survey will not change the existing boundaries, acreage figures, legal description, or sale price.

FSA PROGRAMS:
By bidding, buyers agree that they will enroll and transfer any CRP acres or acres enrolled in government programs into their name upon gaining ownership or abide by continuing requirements of any government farm program, cost share improvement program, or conservation program on the premises. If buyer does not assume said contract(s) and enroll these acres they accept responsibility to pay any necessary penalties or withdrawal fees the program assesses and understand that the seller will not share in said costs or penalties incurred.

FSA base acres and yields will pass with the property as designated by reconstitution by the local USDA Farm Service Agency unless otherwise stated in the purchase agreement.

NOXIOUS WEEDS:
Seller and Sellers Agent disclose that there may be noxious weeds present on the property (i.e. musk thistle, Canada thistle, leafy spurge, purple loosestrife, etc ). The location of and density of noxious weeds is unknown at this time.

MINERAL RIGHTS:
All mineral rights owned by the seller, if any, will be conveyed to the buyer.

WATER RIGHTS:
Seller to convey all OWNED ground water rights and surface water rights to buyer, if any. It will be the buyer s responsibility to file any ownership transfer documents and pay any fees to the Nebraska Dept. of Natural Resources and/or local Natural Resources District upon gaining ownership at closing.

LEGAL DESCRIPTIONS/ ACREAGE:
Legal descriptions are subject to existing fence/field boundaries or land use trades or agreements, if any between adjacent landowners. All stated dimensions, sketches, and acreage figures are approximate or more or less and obtained from government tax records or FSA maps. The county tax records and FSA records may indicate different acreages and no warranty is expressed or implied as to exact acreages of property. The purchase price entered on the purchase agreement will be binding and will be for the total parcel without regard to exact acreage. Unless otherwise agreed upon in writing, there will be no adjustment in purchase price if acreage is different than what is published at the auction.

BIDDING PROCESS:
All ONLINE bidders must be registered and be approved to bid. Bidders are urged to register early as registration is required at least 24 hours prior to the auction beginning. Register at https://homesteadlandcompany.nextlot.com Bidders must satisfy the auction company with their identity and be authorized to bid. The auction company reserves the right to require bidders to satisfy the auctioneer of their financial ability to perform on this transaction prior to bidding has occurred. All online bidder s consent to phone calls, text messages or emails from the auction company and its agents. Prior to bidding, buyers may be required to provide the auction company verification of available funds to purchase the property and/or a bank loan approval letter with no contingencies. You do not have to be present to bid online but are required to be available by phone.

By registering and submitting bids on this auction you hereby agree to the Terms and Conditions set forth herein. All bids, in any form, are legally binding offers for real estate.

All buyers acknowledge that the Internet may be unreliable and error prone. The sellers and auction company will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. Buyers hereby hold Mossy Oak Properties- Homestead Land and Management Company, Inc, their associates, and the seller harmless for any technology failures or interruptions in online bidding due to the failure of the software to function properly for any reason or due to errors caused by the buyer s computer system or network. Bidding remotely does not guarantee anonymity.

Sale is not contingent upon buyer financing or appraisal; all preliminary financial arrangements must be made prior to the auction. All bids are considered to be CASH.

Bidding increments are solely at the discretion of the auctioneer. The auctioneer may accept absentee, phone, or internet bids from any qualified bidders. Being the high bidder does not form a contract until the auctioneer announces the property sold and the buyer is notified that the seller has accepted the bid.

Sale is contingent upon seller confirmation; however, it is their desire to sell to the highest and best bidder. The seller reserves the right to accept or reject any and all bids. The auction company and seller reserve the right to preclude any person from bidding if there is any question as to the persons credentials or fitness to bid.

AGENCY RELATIONSHIP:
Mossy Oak Properties - Homestead Land & Management Company, Inc., and its associates are representing the seller as sellers agents. All bidders acknowledge that they are representing themselves or have hired representation using their own financial means to complete the auction sale transaction.

Announcements made the day of the auction will supersede earlier announcements, verbal or written. All decisions of the Auctioneer are final.