Upcoming Live Public Auction Of Farmland & Pastureland Located In Chanarambie TWP, Murray County, MN

This Land Is Located Northwest of Lake Wilson, MN!

Tract 1: 40.15+/- Gross Acres Of Tillable Farmland

Tract 2: 32.81 Acres Of Pastureland

This Is A Fantastic Opportunity To Purchase Farmland & Pastureland In Murray County, MN!

Tracts 1 & 2 Location: From the Cenex convenience store in Lake Wilson, MN go approx. 1 block West to Broadway Ave S. then go North/Northwesterly on Broadway Ave and continue on to 106th St. then continue around the curves until you reach the intersection of 50th ave and 111th St then continue North on the gravel on 50th Ave for approx. 1/2 mile to the beginning of tract 2. Tract 1 lies directly East of Tract 2.

OR From the Cenex convenience store in Lake Wilson, MN go approx. 1 block West to Broadway Ave S. then go North/Northwesterly on Broadway Ave to 91 then go 1/2 mile East on 91 until 91 turns and goes North then continue on 91 North for 2 miles to 121st St. then go 3/4 mile West on 121st St to Tract 1. Tract 2 lies directly West of Tract 1. Tract 1 adjoins 121st St. and Tract 2 adjoins 50th Ave. Auction signs will be posted. Auction will be held at the site of the land.

Land Auction Date: September 1, 2023 @10:30 A.M.

Auctioneers Note: The Zomer Company is honored to offer at auction these fantastic tracts of land in Murray County, MN! This farmland and pastureland offers a tremendous opportunity to purchase land in an area where land is not always available! Land parcels of this size are not always readily available! For a full informational brochure on this tract of land give us a call today! Auction will be held at the site of the land. Watch zomercompany.com in case of inclement weather!

zomercompany.com

Abbreviated Legal Description of Tract #1: Tract B in part of the W1/2 of the Northwest Fractional Quarter of Section 1, TWP 106N, Range 43W, Murray County, MN. Subject to all easements, special assessments, drainage taxes, wind/solar easements and roadways of record.

General description of Tract #1: According to the recent survey, this property contains 40.15+/- gross acres of farmland. According to FSA/survey, this property contains approx. 39+/- tillable acres with the remainder in road and ditch. This farm has a corn base of 24 acres with a PLC yield of 115bu. and soybean base of 11.60 acres with a PLC yield of 32bu and a wheat base of 1 acre with a PLC yield of 34bu.. This farm is currently planted to alfalfa. The tillable farmland is classified as NHEL. The predominant soil types include: J101B-Hokans-Svea, J107A-Lakepark-Roliss-Parnell, J23A-Lamoure, J96C2-Barnes-Buse, J12A-Marysland, J77A-Lamoure. According to Agri-Data this farm has a productivity index rating of 90.1! This farm has some drainage tile line installed and would make a fantastic addition to your operation! If you are younger farmer looking for a smaller tract of land to purchase or if you are looking to add a nice tract of land to your current land portfolio do not pass up this opportunity to purchase this quality tract of land in Murray County, MN! Call today for a full informational brochure on this property! This farm will be sold based on the gross surveyed acres.

Abbreviated Legal Description of Tract 2: Part of the W1/2 of the Northwest Fractional Quarter of Section 1, TWP 106N, Range 43W, Murray County, MN described as follows: beginning at an existing iron monument at the Southwest corner of the Northwest Fractional quarter of said section 1; thence North 00 degrees 10 minutes 46 seconds West, bearing based on Murray County coordinate system, along the West line of said Northwest fractional quarter and along the centerline of the township road, as exists, a distance of 2096.46 feet; thence South 88 degrees 01 minutes 00 seconds East a distance of 572.15 feet; thence South 00 degrees 41 minutes 50 seconds West a distance of 133.84 feet; thence South 51 degrees, 42 minutes, 32 seconds East a distance of 56.50 feet; thence South 00 degrees 45 minutes 55 seconds West a distance of 1422.98 feet; thence South 04 degrees 30 minutes 20 seconds East a distance of 307.99 feet; thence North 89 degrees 30 minutes 00 seconds West a Distance of 1061.33 feet, to the point of beginning. Subject to all easements, special assessments, drainage taxes, wind/solar easements and roadways of record.

General description of Tract #2: According to the survey, this property contains 32.81+/- gross acres of pastureland/hay land. The predominant soil types include: J77A-Lamoure, J23A-Lamoure, J107A-Lakepark-Roliss-Parnell. According to Agri-Data this farm has a productivity index rating of 50.9! This tract of pastureland does have a source of water from the Beaver creek which flows through the property. A portion of this pastureland is also currently being hayed! This is a fantastic opportunity to purchase a property with endless opportunities for either recreation or pastureland for your livestock! Do not miss out on the opportunity to purchase this tract of pastureland! Any new fencing if needed will be the sole responsibility of the buyer. Call today for a full informational brochure!

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 will be sold in the order listed and will not be combined in any way. Auction will be held at the site of Tract 1.

Taxes: The current Real Estate Taxes according to the Murray County Treasurer are approx. $729.88 per year combined on Tracts 1 & 2. Taxes are estimated and will be reassessed by the county due to recent surveys. Seller shall pay the 2023 RE taxes due in the calendar year 2023 which were based on the 2022 tax assessment. Buyer shall be responsible to pay the RE taxes due in the calendar year 2024 which were based on the 2023 tax assessments and all future taxes.

Possession: Full possession will be on March 1, 2024.

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 October 3, 2023 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. 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. If any additional information is requested, please contact auction manager listed below.

Ricky A. Mortensen- Owner

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

Zomer Company 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.