Farm Description: A highly productive pivot-irrigated farm featuring predominantly Hastings silt loam soils with gentle 13% slopes, and Muir silt loam soils. There are an estimated 131.89 +/- acres of irrigated cropland, 13.32 +/- acres of dry cropland, with the balance consisting of former CRP acres (contract terminated), roads, and a building site.

Irrigation Equipment: Electric Motor, Pump & Panel (pivot owned by current tenant)

Well Data: The farm is located in the Little Blue NRD. Well registration # G-100470. Well installed in 1999. When drilled, it pumped 1200 gpm.

2024 Real Estate Taxes (estimated): $8,967.86 2025 RE Taxes paid by Seller.

Tract 2 162.37 +/- Acres Pivot Irrigated Farm

Legal Description: The Northeast Quarter (NE ) of Section Six (6), Township Two (2) North, Range Three (3) West of the 6th P.M., Thayer County, NE

Taxable Acres: 162.37 +/- Acres (Auction Multiplier)

Farm Description: A highly productive pivot-irrigated farm featuring predominantly Crete silt loam soils with gentle 01% slopes, and Hastings silt loam soils with 1-3% slopes. There are 130.47 +/- acres of irrigated cropland, 26 +/- acres of dry cropland, with the balance consisting of roads and waterways.

Irrigation Equipment: Gearhead, Pump, Diesel Power Unit, & Generator (pivot currently rented)

Well Data: The farm is located in the Little Blue NRD. Well registration # G-031568. Well installed in 1969. When drilled, it pumped 1253 gpm.

Farm Service Agency Data:

FSA Farmland Acres: 157.71

FSA Cropland Acres: 156.67

Wheat Base Acres: 21 32 PLC Yield

Corn Base Acres: 117.50 184 PLC Yield

Soybean Base Acres: .10 57 PLC Yield

Total Base Acres: 138.60

2024 Real Estate Taxes: $6,623.20 2025 RE Taxes paid by Seller.

Tract 3 146.85 +/- Acres Pasture & Dry Cropland

Legal Description: The Northwest Quarter (NW ) of Section Thirty-one (31), Township Three (3) North, Range Three (3) West of the 6th P.M., Thayer County, NE

Surveyed Acres: 146.85 +/- Acres (Auction Multiplier)

Farm Description: This property features a combination of dry cropland and pasture. It includes approximately 95.03 +/- acres of grass and 45.81 +/- acres of dry cropland, with the balance consisting of former CRP acres (contract terminated), roads, and a building site. The soils are predominantly Geary silty clay loam with 1130% slopes and Hastings silt loam with 13% slopes.

2024 Real Estate Taxes (estimated): $3,562.10 2025 RE Taxes paid by Seller.

Tract 4 76 +/- Acres Pasture

Legal Description: The North Half (N ) of the Southeast Quarter (SE ) of Section Thirty-one (31), Township Three (3) North, Range Three (3) West of the 6th P.M., Thayer County, NE, except a 5.01-acre tract in the northeast corner.

Surveyed Acres: 76 +/- Acres (Auction Multiplier)

Farm Description: This property features 74 +/- acres of pasture with the remaining in roads. The soils are predominantly Geary silty clay loam with 7-30% slopes.

2024 Real Estate Taxes (estimated): $1,108.48 2025 RE Taxes paid by Seller

Tract 5 4.55 +/- Acre Acreage (House & Building Site)

Legal Description: 4.55 +/- acres located in the North Half (N ) of Section Thirty-one (31), Township Three (3) North, Range Three (3) West of the 6th P.M., Thayer County, NE

Surveyed Acres: 4.55 +/- Acres

Auction Multiplier: The acreage will be sold as the total dollar amount.

Acreage Description: The property features a 1-story farmhouse offering 1904 square feet of finished living space, a detached garage built in 2003, and a steel farm implement building with concrete floors measuring 48' x 96' x 14'. In addition, there are two steel grain bins with a combined estimated capacity of 31,500 bushels. The current tenant will retain possession of the building and grain bins through the February 28, 2026. Sold AS-IS, WHERE-IS. Contact auctioneers to view the property.

2024 Real Estate Taxes (estimated): $1,162.84 2025 RE Taxes paid by Seller.

Farm Service Agency Data: Tracts 1, 3, 4, and 5 are currently combined under one farm number with the FSA (Farm 3063, Tract 702).

FSA Farmland Acres: 384.64

FSA Cropland Acres: 205.04

Wheat Base Acres: 27.80 32 PLC Yield

Corn Base Acres: 163.80 165 PLC Yield

Soybean Base Acres: 2.20 61 PLC Yield

Total Base Acres: 193.80

Terms & General Information

Online Bidding: Live simulcast internet bidding will be available in addition to the live auction. All bidders must register at least 48 hours prior to the auction. Competitive online bidding opens Thursday November 20, 2025, at 8:00 AM and closes Friday November 21, 2025, at the conclusion of the live auction.

Server & Software Issues: In the event of technical difficulties, Brad Elting & Company, Inc. may extend, continue, or close bidding. Neither the company nor the software provider is responsible for missed bids or system failures.

Contract & Title: Immediately following the auction, the successful bidder(s) will sign a real estate purchase agreement and deposit the required earnest money with the title company selected by the Seller. The Seller will provide an owners policy of title insurance in the amount of the purchase price. The cost of title insurance and escrow closing services will be shared equally between Buyer and Seller.

Taxes: The Seller shall pay the 2025 real estate taxes and all prior years taxes. The Buyer shall be responsible for taxes for all subsequent years.

Survey: Survey cost to be paid by the seller.

Possession: Possession of the property shall be given upon closing subject to the current tenants rights through February 28, 2026. Full possession for the 2026 crop year.

Earnest Deposit: A 20% nonrefundable earnest deposit is required from the successful bidder on the day of the auction. The remaining balance is due on or before December 22, 2025. The property will not be sold subject to financing; all bidders must have financing arranged prior to the auction.

Conditions: This property is subject to all easements, covenants, and restrictions of record. The property is sold on an AS-IS, WHERE-IS basis with no warranties, either expressed or implied, by the Seller, Sellers agents, or Brad Elting & Company, Inc.

Additional Information: A property information packetincluding FSA data, aerial maps, tax records, soil maps, and other detailsis available upon request by contacting the Sellers agents, Brad Elting or Nathan Elting, at (402) 768-7270.

Agency: Brad Elting & Company, Inc. and its representatives are acting as Agents of the Seller. Acreage figures and data in this brochure are believed to be accurate but are not guaranteed by the Seller or Sellers agents. Prospective buyers are encouraged to conduct their own inspections and due diligence. Announcements made on the day of the auction take precedence over all prior advertising.

Auctioneers Note: Dont miss the opportunity to purchase high-quality farms with excellent soils, abundant water, and convenient access, all located near competitive grain markets. These farms will be sold ABSOLUTE to the highest bidder on Friday, November 21, 2025.

Seller: Leonard L. Schmidt Revocable Trust & Fred C. Schmidt Revocable Trust