Tract 1: 321.71+/- Acres Wheeler County, NE

562.71+/-Acres Wheeler County, Nebraska

Selling in 2 Tracts On Our

UNRESERVEDONLINE AUCTION

Tuesday, June 21, 2022

Bidding opens June 7, 2022, and ends June 21, 2022, at 11:00 A.M CDT

Tract 1: 321.71+/- Acres 

This tract of land consists of 107.8+/-acres of dryland farm ground, 207.2+/- acres of pasture, and an older building site that has a large barn, uninhabitable house, and outbuildings.  This site would make a nice place for somebody to build a new home.  There is an underground water line running to the pasture from the submersible well at the building site.  There are two pens surrounded by established shelterbelts that would make excellent calving pens.  This tract also has development potential. 

The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid.  Real Estate Agent reserves the right to adjust bidding increments.

Plan to Attend the Informational Meeting &Auction:

Senior Center

150 N Elm St.

Spalding, NE 68665

BigIron Realty Agents will be at the Senior Center in Spalding, NE, on Tuesday, June 21, 2022, from 8:00 A.M. CDT until the conclusion of the online auction. Please come during the times scheduled to discuss the farm.  BigIron Realty Representatives will be there to assist Buyers with registering to bid online.  You do not have to be present to bid online, but you are required to be available by phone.

BIDDING PROCESS: You may place bids on these farms for 14 days beginning Tuesday, June 7, 2022, and ending Tuesday, June 21, 2022, at 11:00 A.M.  This unreserved online auction features bidding extensions. The closing times will be automatically extended when anyone of the coupled tracts receives a bid in the last 5 minutes and will close simultaneously when none of the tracts receive a bid for 5 minutes.  This will allow bidders to monitor each tract without the fear of missing out on any other tract. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call800-887-8625 for assistance.

Legal Description:  The N½ of Section 10, Township 21, Range 10, Wheeler County, NE, containing 321.71+/-acres.

2021 Taxes:   $2,842.96

Land Location:   From Spalding, NE, at Hillbill’s Diesel go 10 ½ miles northwest on Old Hwy 101.  The farm lies on the southwest corner of the intersection of Old Hwy 101 & 827^th Road.

Owner:   

Francis J. Schmidt and Leona M. Schmidt Inter Vivos Trust
For more information, contact listing agents:

Don Kaiser 308-750-2785
Ashley Kaiser: 308-750-1630

Terms:  The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to BigIron Realty Trust Account.  The earnest deposit can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before December 1, 2022.  Possession will be on March 1, 2023. The Seller will provide marketable title to the Buyer evidenced by title insurance; the title insurance and closing costs are split 50/50 between the Buyer and Seller.  The Seller will pay the 2022 real estate taxes, and the Buyer will pay the 2023 real estate taxes. The property will not be sold subject to financing.  Bidding increments may be changed at the discretion of the Real Estate Agent.  Please have all financial arrangements made prior to the auction.  The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document 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.  BigIron Realty is working for the Seller.