Upcoming Live/Online Public Auction Of 547.20+/- Acres Of

Farmland Located In Altona TWP In Pipestone County, MN

These Tracts Are Located North Of Pipestone, MN, Southeast of Elkton, SD,

East Of Ward, SD & Northwest Of Holland, MN To Be Sold As 6 Separate Properties!!

Properties 1, 2, 3 & 4 Are All Contiguous!

Property 1: 79.41+/- Acres — Property 2: 78.92+/- Acres — Property 3: 55.55 Acres

Property 4: 75.08+/- Acres — Property #5: 120+/- Acres — Property #6: 138.24+/- Acres

Properties 1 through 4 Location: From McDonalds in Pipestone, MN go 11 miles North on US HWY 75 to 211th St then go 1 1/4 mile West on 211th St to Property #1, Property #2 is directly West of Property #1, Property #3 is directly West of Property #2, Property #4 is located directly South of Properties #2 & #3 and is accessed from 60th Ave. Properties are all located East of 60th Ave and South of 211th St. or from Ward, SD go approx. 4 1/2 miles East on 211th St. to Properties 1-4.

Property #5 Location: From McDonalds in Pipestone, MN go 9 miles North on US HWY 75 to 191st St. then go 3/4 mile West on 191st to the farm. Farm is on the South side of 191st St. or from Ward, SD go 5 1/2 miles East on 211th St to 70th Ave. then go 2 1/4 miles South on 70th Ave. to the Farm.

Property #6 Location: From Ward, SD go 1 1/2 mile East on 211th St. to 20th Ave. then go 2 miles North on 20th Ave. to 231st St. then go 3/4 mile East on 231st St. to the farm. Farm is located North of 231st St. and West of 30th Ave. or from the South edge of Elkton, SD at the intersection of 486th Ave(33) and 218th St. go 2 miles South on 486th Ave. (33) to 220th St. then go 4 miles East on 220th St (241st St) to 30th Ave. then go 3/4 mile South on 30th Ave. to the farm.

Auction for all of the tracts will be held at the Pipestone Livestock Auction Market parking lot (1500 Seventh St SE, Pipestone, MN 56164)

Live Onsite Land Auction Date: October 26, 2022 10:30 A.M.

Auctioneers Note: Our company is honored to represent the Aberson Family in this fantastic offering of Pipestone County, MN farmland! This is truly a once in a lifetime opportunity to purchase farmland which has been in the Aberson family for many years! If you are looking to purchase one tract or if you are looking to purchase a large contiguous tract of land this auction provides the opportunity to do that! If you are looking to purchase quality Pipestone County, MN farmland this auction provides you the opportunity to do that! Watch zomercompany.com in case of inclement weather!

Abbreviated Legal Description of Property #1: Tract 1 in the East 1/2 of the NE1/4 & Tract 2 in the W1/2 of the NE1/4 of Section 23, TWP 108N, Range 46W, Pipestone County, MN. Subject to all easements and roadways of record.

General description of Property #1: According to the recent survey, this property contains 79.41+/- gross acres of farmland. According to FSA/survey, this property contains approx. 75.03+/- tillable acres with the remainder in road and ditch and a 2.88 acre grass area in the SE corner of the farm. This farm has a corn and soybean base combined with the adjoining farmland with a PLC yield of 137bu. on corn and a PLC yield of 40bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: J71A-Brookings, J90B-Kranzburg-Brookings, J93A-Hidewood-Badger, Z289A-Athelwold, J84B-Strayhoss. According to Agri-Data this farm has a productivity index rating of 94.4 and a estimated average county CER rating combined with property #2 of 71.15! This farm does have some drainage tile line installed and is a very attractive farm which is very conducive to farm with long rows! Make plans today to attend this auction! This is an attractive tillable tract of land in an area where land is not always available!

Abbreviated Legal Description of Property 2: Tract 3 in the N1/2 of Section 23, TWP 108N, Range 46W, Pipestone County, MN Subject to all easements and roadways of record.

General description of Property #2: According to the recent survey, this property contains 78.92+/- gross acres of farmland. According to FSA/survey, this property contains approx. 76.89+/- 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 137bu. on corn and a PLC yield of 40bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: J90B-Kranzburg-Brookings, J71A-Brookings, J84B-Strayhoss, J7B-Sverdup, J93A-Hidewood-Badger. According to Agri-Data this farm has a productivity index rating of 91.2 and an estimated county CER rating combined with Property #1 of 71.15. This is an attractive farm which is very conducive for farming with large equipment! This is a fantastic opportunity to purchase an inside tract of farmland which is nearly all tillable! Call today for a full informational brochure on this property! This is an excellent opportunity to purchase a nice tract of farmland in a great area!

Abbreviated Legal Description of Property #3: Tract 4 in the W1/2 of Section 23, TWP 108N, Range 46W, Pipestone County, MN. Subject to all easements and roadways of record.

General description of Property #3: According to the recent survey, this property contains 55.55+/- gross acres of farmland. According to FSA/survey, this property contains approx. 47.86+/- tillable acres, approx. 5.29 acres of grassland in the NW corner of the farm, with the remainder in road and ditch. This farm has a corn base, oats base and soybean base combined with the adjoining farmland with a PLC yield of 137bu on corn , a PLC yield of 50bu on Oats and a PLC yield of 40bu on soybeans. The predominant soil types include: J90B-Kranzburg-Brookings, Z152A-Lamoure, J93A-Hidewood-Badger, Z289-Athelwold, J71A-Brookings, J92C2-Buse-Vienna, Z150A-Rauville, J7B-Sverdup, J91B-Darnen. According to Agri-Data this farm has a productivity index rating of 86.2 and a county CER rating combined with Property #4 of 67.14! This farm has had drainage tile line installed! This farm provides an excellent opportunity to purchase a smaller tract of farmland! If you are beginning farmer or looking to add a nice tract of land to your operation be sure to attend this auction!

Abbreviated Legal Description of Property #4: Tract 5 in the N1/2 of the SW1/4 and Tract 6 in the W1/2 of the SE1/4 of Section 23, TWP 108N, Range 46W, Pipestone County, MN. Subject to all easements and roadways of record.

General description of Property #4: According to the recent survey, this property contains 75.08+/- gross acres of farmland. According to FSA/survey, this property contains approx. 71.07+/- tillable acres, approx. 3.17+/- acres of grassland/waterway in the SE corner of the farm, with the remainder in road and ditch. This farm has a corn base, oats base and soybean base combined with the adjoining farmland with a PLC yield of 137bu on corn , a PLC yield of 50bu on Oats and a PLC yield of 40bu on soybeans. The predominant soil types include: J84B-Strayhoss, J90B-Kranzburg-Brookings, J87A-Waubay, J93A-Hidewood-Badger, J74B-Estelline, J71A-Brookings. According to Agri-Data this farm has a productivity index rating of 86.5 and a county CER rating combined with Property #3 of 67.14! This is an inside tract of farmland with road on only 1 side! Make plans today to attend this auction!

Abbreviated Legal Description of Property #5: The North 120 acres of NW1/4 of Section 36, TWP 108N, Range 46W, Pipestone County, MN. Subject to all easements and roadways of record.

General description of Property #5: According to the Assessor, this property contains 120+/- gross acres of farmland. According to FSA, this property contains approx. 115+/- tillable acres with the remainder in road and ditch. This farm has a corn base of 57.94 acres with a PLC yield of 135bu and a soybean base of 57.06 acres with a PLC yield of 33bu. The predominant soil types include: J74A-Estelline, J74B-Estelline, J70A-Brandt, J85A-Trosky, J69A-Athelwold, J90B-Kranzburg-Brookings. According to Agri-Data this farm has a productivity index rating of 76 and a county CER rating of 65.9! This farm has had some drainage tile line installed! This is a very attractive farm which can be farmed in 1/2 mile rows which makes it very conducive for farming with large equipment! This farm has not been surveyed and will be sold based on the gross county acres. Make plans today to purchase this property!

Abbreviated Legal Description of Property #6: Tract 1 in the SE1/4 of Section 6, TWP 108N, Range 46W, Pipestone County, MN. Subject to all easements and roadways of record.

General description of Property #6: According to the recent survey, this property contains 138.24+/- gross acres of farmland. According to FSA/survey, this property contains approx. 133.32+/- tillable acres, approx. 1.78 acres of grass, with the remainder in road and ditch. This farm has a corn base of 64.20 acres with a PLC yield of 137bu and soybean base of 66.50 acres with a PLC yield of 40bu. The predominant soil types include: J70A-Brandt, J71A-Brookings, J93A-Hidewood-Badger, J47A-Swenoda, J7A-Sverdup, J74A-Estelline, J84A-Strayhoss, Z289A-Athelwold, Z288A-Trotsky, J7B-Sverdup. According to Agri-Data this farm has a productivity index rating of 87.3 and a county CER rating of 71.3! If you are looking for a nice tract of farmland in an area where land is not often offered for sale be sure to attend this auction! If you are a farmer or investor land has long term proven to be a great investment!

Method of sale: Farms will be sold with the final bid price times the gross acres. All of the properties will be sold in the choice method. The first successful top bidder of the first round of choice will have the option to select the tract of choice and then choice will continue to be offered on the remaining properties. Each successful top bidder of each round of choice will be permitted to select 1 tract only. Each successful top bidder will not be permitted to select more then 1 property in each round of the choice. Once a property in a round of choice is sold it will remain sold and it will not be available to bid on again. Tracts will not be combined in any way. Auction for all of the tracts will be held at the Pipestone Livestock Auction Market parking lot (1500 Seventh St SE, Pipestone, MN 56164)

Taxes: The current Real Estate Taxes according to the Pipestone County Treasurer for properties #1 & #2 are currently a total of $5,936.00 per year, the current taxes for Properties #3 & 4 are currently a total of $4,444.00 per year, the current taxes for Property #5 are $3,910.00 per year and the current taxes for Property #6 are $5,156.00 per year  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. These farms are available to farm for the 2023 crop year!

Field Driveways: Any field driveway modifications or installation of new field driveways will be the sole responsibility and the sole expense of the buyer.

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 O’Neill, O’Neill & Barduson Trust Account, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 12, 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 agent will be Scott Barduson with O’Neill, O’Neill & Barduson. 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. If buyer delays closing penalties will apply. All buyers are encouraged to do buyers due diligence. 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.  Scott Barduson—Attorney For Sellers

Henry J. & Viola J. Aberson Trusts- 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.