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POSITIVE REAL ESTATE

AUCTION Approx. 1,296.46 Acres in Sherman County A Balanced Combination of Irrigated Crop, Dry Crop, Pasture, Recreational Ground and Home site

Thurs., May 24, 2012 • 1 p.m. Sale Site: North Loup Community Center, 112 South B St. • North Loup, NE LAND LOCATION: From Highway #22 directly south of North Loup, Nebraska turn south on Ashton Ave. for approx. 7.5 miles, on 797 Road turn west approx. 1 mile to southeast corner of the property, then ½ a mile north on 483 Ave to building site and marked by Wolf Inc. signs. LEGAL DESCRIPTION: All of Sections 4 and 5, Township 16 North, Range 13 West of the 6th P.M., Sherman County, Nebraska. CERTIFIED IRRIGATED ACRES: 190.05 ACRES: 1,269.46+/- tax assessed acres 2011 REAL ESTATE TAXES: $16,422.12 IMPROVEMENTS: This balanced unit includes a must-see and ready-to-move into 5 bedroom, 3 bathroom home with open floor plan, master suite, attached double garage and all major appliances. There is also an older building site and barn located below the home. The land includes an 8 tower Zimmatic pivot, 7 tower T & L pivot, and 5 tower T & L pivot with 2 diesel power units, tanks and gearheads. BROKER’S COMMENTS: Top-notch real estate with recent planting of alfalfa and dirt work. Possible turkey and deer hunting make for the avid hunter’s paradise. The crop ground is good heavy based soil. FSA INFORMATION: FSA records indicate 521.9 acres of cropland with base acres of 5.8 acres oats, 240.5 acres corn, 108.2 acres soybeans for a total of 354.5 base acres. ACRE Program payment is $8,178.00. WELL INFORMATION: Nebraska Department of Natural Resources indicate Well #G-065702 was drilled 5-28-1970, 325’ depth with 23’ static level, 145’ pumping level, pumping 1000 gpm; and Well #G-136873 was drilled 12-8-1988, 385’ depth with 60’ static level, 115‘ pumping level, pumping 700 gpm. AGENCY CLAUSE: Wolf Inc. Auction & Real Estate is acting as agents of the seller, with duty to represent seller’s interest, and will not be an agent of the buyer. TERMS: 10% down the day of the sale with balance due at closing on or before June 26, 2012. Possession of the home will be June 26, 2012. Possession of the land will be March 1, 2013. Title insurance premium to be divided 50/50 between buyer and seller. 2011 Real Estate taxes will be paid by the seller. The rent for 2012 of the land will be given to the buyer as received from the tenant. Announcements and verification made by the Escrow agent or the agents of sale at the date and time of sale shall supersede any prior advertising. Sale is not contingent on buyer financing.

DAVID R. AND MARSHA R. PROSOSKI TRUST

Owners:

WOLF, INC. AUCTION & REAL ESTATE 1514 L Street - PO Box 328 Ord, NE 68862 308-728-3101 Steve Wolf, Broker & Auctioneer Dani Warner, Sales Associate Cory Wolf, Sales Associate www.wolfnebraska.com


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