Miller Properties

 Includes 239 total acres (vs 267 assessed by Thomas County).  Divided by NE#2 at west edge of Halsey, just east of the Halsey (man-planted) National Forest : includes campsites, swimming pool, hiking, 4 wheeling, horse riding, other recreation.  Halsey has a nice restaurant.  Offered in 2 parcels and in combination.  155 acres sandhills north of the highway, 84 acres on Middle Loup River to the south.  Parcel 2 also includes 2 gravel pit fish ponds, CRP contract acres, some meadow, and treelines.  Access & amenities very favorable for Church or Youth Camp, trailer park, your cabin or residence, recreation headquarters, etc. 

Both parcels of the property must sell, or none sell. 

Parcel 1 - SW1/4NE1/4, S1/2NW1/4, part of SW1/4 lying north of Highway #2 in Section 1-T22N-R26W : 155 acres sandhills rangeland with windmill in near center, old improvement site with mature trees adjacent to the highway - house considered un-inhabitable.  Note fence location on northeast corner. 

Suggested Minimum   $   44,000

Parcel 2 - Part of SW1/4 lying south of Highway #2, except that part west of the Forest Reserve Highway, and except a 400x400x566 foot triangle in the southwest corner in Section 1-T22N-R26W : great access off Highway #2, gravel road on west.  Includes 1/2 mile, both sides of Middle Loup River; fish ponds in 2 prior gravel pits; 28.5 acres in USDA CRP @ $1,197 per year through 2011, Buyer receives all 2008-2011 payments, must assume the contract; some meadow along river & treelines. 

Suggested Minimum  $  76,000

Combination - Parcels 1 & 2 - Minimum Bid $120,000

Real  estate  Auction

#1 - Rangeland - 155 acres Sandhills Range

#2 - Recreation - 84 Acres Middle Loup River

West edge of Halsey, Nebraska - on NE Highway # 2

1 P.M. Thursday, May 15, 2008 at Stub’s Cafe in Thedford

Procedures

These Parcels sell at Public Auction, based on the Minimum Bid.  Placement of the Minimum Bid converts the auction to Absolute.  Both the Title Insurance Commitment & Purchase Agreement are available from Agri Affiliates for your review prior to the auction.

Terms & Conditions

Terms - This cash sale requires 15% earnest deposit at signing of the Purchase Agreement immediately following the auction.  Balance of purchase price is payable in certified funds at Closing on or before June 3, 2008.  Seller will convey title by Warranty Deed; with Title Insurance evidencing merchantable title.  Cost of Title Insurance and an Insured Closing by the Title Company will be shared 50/50 by Seller/Purchaser.  Property sells subject to easements, rights-of-way, zoning, and restrictions of record; Free and clear of all liens.  Property sells in as-is condition; No warranty is expressed or implied as to the adequacy of fencing, livestock water, range condition nor as to the adequacy of any portion of the recreational Parcel 2.  The Purchase Agreement will not be contingent on financing. If the Purchaser fails to Close on the Closing date due to financing, Seller may declare the Purchase Contract void, with Purchaser’s earnest deposit forfeited to Seller; or at the Seller’s Option, Buyer shall pay interest at the rate of 12% from the date of scheduled Closing until the actual Closing date. 

Possession - Full possession of the property will be given at Closing.

Taxes - 2007 real estate taxes paid by Seller; 2008 paid by Purchaser. 

Minerals - All Owned Oil, Gas, and Mineral rights pass to Purchaser. 

Acreages - Thomas County Assessor’s office indicates 267 acres; However, the physical property includes no more than 239 acres.    The property sells without regard to acres.  No warranty is expressed or implied as to the exact acres.  The legal descriptions are subject to existing fence and field boundaries, and land use trades if any. 

NRD - These parcels are located in the Upper Loup NRD (Natural Resource District), and subject to any controls or regulations.

Information contained in this brochure has been obtained from sources deemed reliable.  We have no reason to doubt the accuracy, but the information is not guaranteed.  Prospective Purchasers should verify all information.  Announcements day of sale take precedence over printed or oral statements.  Agri Affiliates, Inc. and all agents of Broker are acting as agent of the Seller.  All maps are approximations only, to be used as a general guideline, and not intended as survey accurate.

Leland Johnston, Listing Agent 308/645-2482

Mike Polk, Duane McClain, Loren Johnson

Bruce Dodson - Jerry Weaver - Broker John Childears

Tony Eggleston  Registered Appraiser

North Platte, Nebraska

www.agriaffiliates.com