Western Cheyenne County, NE 3 Parcels - 1 Combo

Pasture - Dryland - CRP - Lot in Potter

Tuesday, February 23, 2016 – 10:30 a.m. MT Country Inn & Suites ● Sidney, NE

POSSESSION: Possession of pasture, CRP, farm improve-ments & double wide upon closing. Possession of land in growing wheat upon 2016 harvest. Possession of stubble upon 2017 harvest.

WATER RIGHTS: Buyer(s) shall receive whatever interest, if any, Seller has in any water rights appurtenant to the property. GROWING CROPS: Seller to convey to Buyer(s) landlord ’s share of wheat currently planted. Buyer(s) to accept transfer of indemnity of crop insurance and pay premium at closing. REAL ESTATE TAXES: 2015 Real Estate Taxes due in 2016 to be paid by Seller. 2016 Real Estate Taxes due in 2017, and thereafter to be paid by Buyer(s). CRP CONTRACTS: Seller to convey all right, title, and inter-est to the existing CRP contracts to the Buyer(s) as successor in interest. Seller to convey the October 2016 CRP payment to Buyer(s). Buyer(s) assumes responsibility of the maintenance of the CRP acres, the obligations of the CRP contract, and agrees to enter into new CRP contract within 60 days after the closing. Buyer(s) assumes responsibility of the costs and penalties if Buyer(s) chooses to terminate the existing contracts. FSA DETERMINATION: FSA base acres and yields to pass with the Parcels and Combo, as designated within the detail bro-chure. Buyer(s) and Seller, at closing, to sign a memorandum of understanding stating the base acres and yields as designated within the detail brochure.

NOXIOUS WEEDS: There may be areas infested by noxious weeds, (i.e. rye, bindweed, canadian thistle, rye, goat/Johnson grass, etc). The location of and the density of noxious weeds is unknown at this time. ACREAGES: All stated acreages in the initial brochure, de-tail brochure, and visual presentation at the auction are approxi-mate and are obtained from aerial photos from the FSA office. The county tax records may indicate different acreages and no warranty is expressed or implied as to exact acreages of proper-ty. All bids are for the total parcel without regard to exact acre-age. There will be no adjustment in purchase price if acreage is different than what is stated in this brochure and/or stated at the auction. BIDDER REQUIREMENTS: Prior to auction, Buyer(s) to re-view the terms and conditions as set forth in the Detail Brochure. Detail Brochure may be obtained visiting the auction property page at www.reckagri.com or by calling Reck Agri Realty & Auc-tion. Bidding via cell phone, internet, and/or bidding on someone’s behalf, must be approved by Reck Agri Realty & Auction 24 hours prior to auction. A DETAIL BROCHURE is available upon request and is RE-QUIRED to bid at the auction, via cell phone, or online bidding. It includes the terms and conditions of the auction, pertinent facts, title commitment, and Farm, Ranch, & Land Purchase Agree-ment. For additional color photos visit the “McKinney Pasture, Dryland, & CRP Land Auction” Visual Tour on our website: www.reckagri.com. COPYRIGHT NOTICE: Photographs, video tapes, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission. Auction photographs may be used by Reck Agri Realty & Auction in publications, market-ing materials, and on its website.

AUCTION DATE/TIME/LOCATION: Tuesday, February 23, 2016, @ 10:30 a.m., MT at Country Inn & Suites, 664 Chase Blvd, Sidney, NE 69162. OVERVIEW: Dale McKinney Estate is offering 1,197+/- acres of pasture, dryland, CRP and a double wide trailer on a lot in Potter, NE for sale at auction. Located in western Cheyenne County, Nebraska, the Dale McKinney property includes 691.73+/- acres of pasture, 182.49+/- acres of dryland, 308.99+/- acres of CRP and a 70’ x 140’ lot with a 3 bedroom, 3 bath, double wide trailer in Potter, NE. Seller reserving 50% of all OWNED mineral rights. Possession of land in growing wheat upon 2016 harvest. Possession of stubble upon 2017 harvest. Possession of pasture, CRP, farm improvements, & double wide upon closing. Buyer(s) will receive 100% of the 2016 CRP pay-ment. CRP Contract #1428 expires 9/30/2020 with an annual payment of $5,324 @ $35.12/acre. CRP Contract #10109 ex-pires 9/30/2023 with an annual payment of $4,832 @ $30.70/acre. Livestock water via submersible well, windmill & pump jack. Land to be offered in 3 Parcels & 1 Combo.

SIGNING OF PURCHASE AGREEMENT: Immediately follow-ing the conclusion of the auction, the highest bidder(s) will sign Disclosure of Brokerage Relationships in Real Estate Transac-tions and will enter into and sign a Farm, Ranch, and Land Pur-chase Agreement for the amount of the bid. Required earnest money deposit to be in the form of a personal, business, or cor-porate check for 15% of the purchase price. Said earnest money is due upon the signing of the Farm, Ranch, and Land Purchase Agreement and to be deposited with Reck Agri Realty & Auction. Farm, Ranch, and Land Purchase Agreement will not be contin-gent upon financing. Terms and conditions of the detail brochure and oral announcements shall be incorporated and made a part of the Farm, Ranch, and Land Purchase Agreement. Sample Farm, Ranch, and Land Purchase Agreement is available within the detail brochure. CLOSING: Buyer(s) shall pay in electronic transfer funds or cashier's check (Good Funds), the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or be-fore March 24, 2016. Closing to be conducted by Cheyenne County Title and the closing service fee to be split 50-50 be-tween Seller and Buyer(s).

MINERALS: Seller reserving 50% of all OWNED mineral rights.

PARCEL #1A – PASTURE, CRP & IMPROVEMENTS: 606.19 +/- total ac; 389.89 +/- ac pasture; 209.14+/- ac CRP; 4.37 +/- ac improvement site; 2.79 +/- ac waste; Legal: All of 25, T15N, R53W, Cheyenne County, NE; Location: From Potter, 2 mi W & 1.3 mi N on east side of Rd 73; Property enrolled in CRP program, CRP annual payment is $3,944 @ $35.12/acre on 112.3 ac, Contract #1428 expires 9/30/2020; CRP annual payment is $2,971 @ $30.70/acre on 96.8 ac, Contract #10109 expires 9/30/2023; Livestock water via submersible & pump jack/electric motor; 864 sq. ft., 2 bdrm, 1 bath, 1 story home built in 1930; 22’ x 24’ detached garage; 30’ x 60’ quonset w/concrete floor; 6,000 bushel grain bin; barn; 2015 R/E taxes: $3,802.80.

PARCEL #1B – PASTURE, DRYLAND & CRP: 590.86 +/- total ac; 301.84 +/- ac pasture; 182.49 +/- ac dryland; 99.85 +/- ac CRP; 6.68 +/- ac waste; Legal: W1/2NE1/4, NW1/4, & S1/2 of 26, T15N, R53W, Cheyenne County, NE; Location: From Potter, 2 mi W & 1.3 mi N on west side of Rd 73; Proper-ty enrolled in CRP program, CRP annual payment is $1,380 @ $35.12/acre on 39.3 ac, Contract #1428 expires 9/30/2020; CRP annual payment is $1,860 @ $30.70/acre on 60.6 ac, Contract #10109 expires 9/30/2023; Livestock water via wind-mill w/pump jack/electric motor; 2015 R/E taxes: $3,232.04.

COMBO #1 (PARCELS #1A & #1B) – PASTURE, DRY-LAND, CRP & IMPROVEMENTS: 1,197.05 +/- total ac; 691.73 +/- ac pasture; 182.49 +/- ac dryland; 308.99 +/- ac CRP; 4.37 +/- ac improvement site; 9.47 +/- ac waste; Legal: All of 25; W1/2NE1/4, NW1/4, & S1/2 of 26; T15N, R53W, Cheyenne County, NE; Location: From Potter, 2 mi W & 1.3 mi N on both sides of Rd 73; Property enrolled in CRP pro-gram, CRP annual payment is $5,324 @ $35.12/acre on 151.6 ac; Contract #1428 expires 9/30/2020; CRP annual pay-ment is $4,832 @ $30.70/acre on 157.4 ac; Contract #10109 expires 9/30/2023; Livestock water via submersible, pump jack/electric motor, windmill w/pump jack/electric motor; 864 sq. ft., 2 bdrm, 1 bath, 1 story home built in 1930, 22’ x 24’ detached garage, 30’ x 60’ quonset w/concrete floor, 6,000 bushel grain bin; barn; 2015 R/E taxes: $7,034.84.

PARCEL #2—DOUBLE WIDE TRAILER HOME ON LOT IN POTTER: 1,356 square foot, 3 bedroom, 3 bath, 1973 Mo-bile Home w/single car garage on a 70' x 140’ lot in Lot 4, Block 5, Brady Addition; also known as 624 Sherman Street, Potter, Nebraska 69156. TERMS & CONDITIONS CONT’D…

ANNOUNCEMENTS: The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem relia-ble. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omis-sions, corrections, or withdrawals. The location maps are not intended as a survey and are for general loca-tion purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its con-dition and to rely on their own conclusions. All equip-ment and improvements are to be sold AS IS-WHERE IS, without warranty, representation or re-course to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Lim-ited Seller’s Agent. Announcements made by Reck Agri Realty & Auction, at the time of sale will take precedence over any previously printed material or other oral statements. Reck Agri Realty & Auction does not offer broker participation for the "McKinney Pasture, Dryland & CRP Land Auction". Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidder increments are at the discretion of the Broker.

Reck Agri Realty & Auction

PO Box 407

Sterling, CO 80751

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Tuesday, February 23, 2016 – 10:30 a.m. MT Country Inn & Suites ● Sidney, NE

Western Cheyenne County, NE 3 Parcels - 1 Combo

Pasture - Dryland - CRP - Lot in Potter