Upcoming Live Public Auction Of 400+/- Acres Of Farmland Located In Grange TWP & Rock TWP In Pipestone County, MN

Tract 1 & 2 are located Northeast of Pipestone, MN & Tract 3 is located Northeast of Woodstock, MN!

Tract 1: 120.15+/- Acres Located In Grange TWP Which Is High Caliber & Contiguous To Tract 2

Tract 2: 119.93+/- Acres Located In Grange TWP Which is High Caliber & Contiguous To Tract 1

Tract 3: 160+/- Acres Located In Rock TWP Which Has Had Over 30,000 Feet Of Drainage Tile Line Installed

Tracts 1 & 2 Location: From MacDonalds in Pipestone, MN go 5 miles North on US HWY 75 to 151st St. then go 1 3/4 miles East on 151st to the farms. Tracts 1 & 2 adjoin. Auction of Tract 1 & 2 will be held at 10:30 A.M. at Tract 1

Tract 3 Location: From Woodstock, MN go 5 miles North on 180th Ave to 161st st then go 1 3/4 mile East on 161st to the farm. Auction of Tract 3 will be held at Tract 3 at 1:30 P.M.

Grange TWP Land Auction Date: September 26, 2022  To Be Sold At 10:30 A.M.

Auction to be held at the site of the farmland (Tract 1).

Rock TWP Land Auction Date: September 26, 2022 To Be Sold At 1:30 P.M.

Auction to be held at the site of the farmland (Tract 3)

Auctioneers Note: Our company is honored to represent the Te Slaa family in this offering of excellent Pipestone County, MN land! This land is in a great area and will be offered in 3 tracts! If you are looking for land in Pipestone County, MN then be sure to check out this excellent offering of land! Tracts 1 & 2 are contiguous and tract 3 offers an excellent opportunity with farming income and income from the wind tower on this property! Watch zomercompany.com in case of inclement weather!

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Abbreviated Legal Description of Tract #1: Tract 1 in the E1/2 of Section 17, TWP 107N, Range 45W, Pipestone County, MN. Subject to all easements and roadways of record.

General description of Tract #1: According to the recent survey, this property contains 120.15+/- gross acres of farmland. According to FSA/survey, this property contains approx. 118.09+/- tillable acres with the remainder in road and ditch and a .55 acre building site. This farm has a corn and soybean base combined with the adjoining farmland with a PLC yield of 147bu. on corn and a PLC yield of 43bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: J71A-Brookings, J93A-Hidewood-Badger, J90B-Kranzburg-Brookings, J86B-Vienna. According to Agri-Data this farm has a productivity index rating of 94.6 and a estimated average county CER rating of 71.9! This is a very attractive farm which is very conducive to farm with large equipment! This farm has 3/4 mile rows and very few waste acres! Make plans today to attend this auction! This farm has had extensive drainage tile installed with tile maps available! Contact auction company for details! Call today for a full informational brochure on this property! This farm will be sold based on the gross surveyed acres. This farm is sold subject to a fence agreement on the North boundary of this farm. Contact agent for details.

Abbreviated Legal Description of Tract 2: Tract 2 in the E1/2 of Section 17, TWP 107N, Range 45W, Pipestone County, MN Subject to all easements and roadways of record.

General description of Tract #2: According to the recent survey, this property contains 119.93+/- gross acres of farmland. According to FSA/survey, this property contains approx. 115.46+/- tillable acres with the remainder in road and ditch. This farm has a corn and soybean base combined with the adjoining farmland with a PLC yield of 147bu. on corn and a PLC yield of 43bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: J90B-Kranzburg-Brookings, J71A-Brookings, J93A-Hidewood-Badger, J86B-Vienna. According to Agri-Data this farm has a productivity index rating of 94.3 and a estimated average county CER rating of 71.9! This is a very attractive farm which is very conducive to farm with large equipment! This farm has 3/4 mile rows and very few waste acres! Make plans today to attend this auction! This farm has had extensive drainage tile installed with tile maps available! Contact auction company for details! Call today for a full informational brochure on this property! This farm will be sold based on the gross surveyed acres. This farm is sold subject to a fence agreement on the North boundary of this farm. Contact agent for details.

Abbreviated Legal Description of Tract #3: The Northeast 1/4 of Section 13, TWP 107N, Range 44W, Pipestone County, MN. Subject to all easements and roadways of record. Sold subject to existing wind tower lease/easements.

General description of Property #3: According to the Pipestone County Assessor, this property contains 160+/- gross acres of farmland. According to FSA, this property contains approx. 147.25+/- tillable acres, approx. 6.61 acres of CRP with an annual payment of $1,187.00 with a contract expiring 9-30-2026, with the remainder in road and ditch and grass waterways. This farm has a corn base of 117.9 acres with a PLC yield of 147bu and soybean base of 29.35 acres with a PLC yield of 43bu. The predominant soil types include: J99A-Lakepark, J104A-Svea, J96B, C2-Barnes-Buse, J101B-Hokans-Svea, J1A-Parnell, J31B-Arvilla-Sandberg, J42C-Sandberg-Arvilla. According to Agri-Data this farm has a productivity index rating of 88.9 and a county CER rating of 61.08! This farm has had over 30,000 feet of drainage tile line installed with maps available! Make plans today to attend this auction! This is a great opportunity to purchase an excellent tract of farmland with extensive drainage tile installed!! Call today for a full informational brochure on this property! This property has a wind tower located on it and is sold subject to the wind lease agreement with Navitas Energy. Buyer agrees to assume the current wind lease agreement and will receive all future wind payments for this property. Contact an agent for more details on the wind lease agreement!

Method of sale: Farms will be sold with the final bid x the final gross acres. Tracts 1 & 2 will be sold at 10:30 A.M. at the site of Tract 1. Tracts 1 & 2 will be offered in the choice method with the first successful bidder being allowed to select either 1 tract of their choice or both of the tracts. Tract 3 will be sold at 1:30 P.M. at the site of Tract 3. Tract 3 will be offered as one parcel. The tracts will not be combined in any way.

Taxes: The current Real Estate Taxes according to the Pipestone County Treasurer are approx. $4,157.00 per year on Tract 1, approx. $4,157.00 per year on Tract 2 and approx. $5,220.00 per year on Tract 3. Seller will pay the 2022 RE taxes when due and payable. Taxes are estimated and will be reassessed by the county due to recent surveys.

Possession: Full possession will be on March 1, 2023 or upon completion of the harvest of the current years crops. These farms are available to farm for the 2023 crop year!

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit which will be payable to Winter Abstract & Title, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before November 15, 2022 when the seller will provide marketable title to the property. Owners title insurance policy and closing fees will be split 50/50 between the buyer and seller. Abstracts will not be provided. Closing will be conducted by Winter Abstract & Title. These farms are being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to MN statutes. Sellers and agents/auction company do not warranty or guarantee any information concerning wind tower lease and easement terms. If buyer delays closing penalties will apply. All buyers are encouraged to do buyers due diligence. Buyer will be required to assume the CRP contract and will be responsible for any future midterm maintenance if required. Buyer is required to assume the wind lease with Navitas Energy. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneer and Real Estate broker is representing the sellers. Buyer agrees to accommodate the sellers with a 1031 exchange. If any additional information is requested, please contact auction manager listed below.  Jeff Johnson—Attorney For Sellers

Te Slaa Family- Owners

Sale Conducted by Zomer Company Realty & Auction

1414 Main St., Rock Valley, IA 51247

712-476-9443

Www.zomercompany.com

Mark Zomer Auction Manager—712-470-2526—MN Lic. #40641381

Zomer Auctions welcomes you to our current and future auctions.
Please carefully read the terms listed below. Thank You!

Zomer Auctions, its Employees and representatives (hereinafter “Company”) act merely as agents for Seller(s). All final bids are subject to the Seller's confirmation. The top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied and you agree to purchase and accept the property in an as-is condition. Information on the property is obtained by us from the Seller(s) and other sources and you hereby agree to hold harmless Company for any errors or omissions regarding the property being sold. This information includes but is not limited to physical condition, features, inadvertent errors in cataloging, authenticity or imperfections not specifically noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own inspection during Open Houses/Inspection periods or by appointment. Printed or verbal statements made by Company are matters of opinion and are made in good faith. Any announcements posted the day of the auction or announced at the live auction take precedence over all prior advertisements.
 
You acknowledge that you have the right and responsibility to inspect the property personally, or to have a third-party representative inspect the property for you. That by bidding on the property you have agreed to accept that property in its present condition with the description provided whether accurate or not.

Auction Close: Upon the completion of an auction and notification from the auction company to the buyer of the acceptance of the buyers bid by the seller. The buyer does hereby agree to immediately enter into a purchase agreement with the terms stated and shall immediately provide the earnest money deposit due.

These terms and conditions and any dispute arising out of or related to an auction shall be governed by and construed and enforced in accordance with the laws of the State of Iowa. Any legal action must be brought in Sioux County, Iowa, or another jurisdiction of Company’s choosing. Buyer agreed to abide by the laws of the State of Iowa.

When using our online auction services you are making firm commitments to purchase said property and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.  Fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. Buyers also acknowledge that the Internet may be an unreliable and error prone network. Company does not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion or that current bid shown is accurate. Buyers agree to hold Company harmless for any interruptions of online bidding. Further, Company has the sole discretion to accept or refuse any bid. Company retains the right, at Company’s sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please review auction terms often.

Bidder/Buyer responsibilities include but are not limited to the following:

All Buyers must provide their name, email address, daytime phone number and physical address at which they can be contacted for timely and accurate communication between Company and Buyer throughout any transaction or auction. Failure to maintain accurate and current contact information on Buyers account may lead to suspension of their account access until current contact information is provided to Company. All Buyers must provide valid credit card information, wire information or proof of funds if requested.

Buyers shall obey any and all local, state and federal laws and any and all violations of the same will result in termination of bidding and website use privileges with Company.

The final bidding will close and remain closed and no adjustments shall be made after closing.

Bidders acknowledge that online only auctions have an auto extend feature that means the auction will not close until all bidding parties are represented and satisfied. A bidder can place a max bid on one or more lots. The current bid price does not automatically go to the max bid unless the bidder selects to raise the bid to that price immediately by selecting the raise bid option. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified reaching your max bid only by ongoing bidding activity.

Company reserves the right to reject any and all bids for any reason. Company shall not be held responsible for any missed bids. All auctions are subject to the sellers confirmation.

Bidder shall be held liable for all bids placed from the bidders account.

Bidder acknowledges that some tracts may be sold in total dollars and some may be sold per acre. The tracts sold per acre shall be the purchase price times the gross acres of the property sold. Bidder acknowledges that the online platform may not always show the tenths of an acre sold however bidder acknowledges that the purchase price will still be calculated using the total gross acres of the tract being sold including the tenths even if they are not displayed.