This is Auction #4 with 40 Acres M/L – Sells in One Tract in Hutchinson County, South Dakota. For Information contact Scott Steffes of Steffes Group, Inc. at 701.237.9173.

HUGE THREE DAY LAND AUCTION

824.04 ACRES – TWO STATES – FIVE COUNTIES

IOWA & SOUTH DAKOTA

Auctioneer’s Note: Please join us for this Absolute Public Auction, selling to the highest bidder with no reserve or minimum bid.  An excellent opportunity to invest in farmland or add to your farming operation. 

AUCTION #4 – WEDNESDAY, JULY 3, 2019 AT 10 A.M.

40 Acres M/L – Sells in One Tract – Hutchinson County, South Dakota

Auction to be held at the Scotland City Hall, 410 Main Street, Scotland, SD

100% Interest In 40 Deeded Acres M/L
Land is located 1 mile east of Kaylor on Section Line Road/290th St., then ½ mile north on 419^th Avenue.

Legal Description:The Northeast Quarter of the Southeast Quarter (NE1/4SE1/4) Section 28, Township 97 North, Range 59 West of the 5th P.M. Hutchinson County, South Dakota.

FSA indicates 38.19 acres tillable of which 19.4 acres are in the CRP program as follows:
19.4 acres at $100.83 = $1,956.00 and expires on 9-30-2020.

Majority soil types include: Clarno Bonilla, Clarno, Tetonka
Located in Section 28, Sharon Township, Hutchinson County, South Dakota.

Parcel #097.59.28.4010
Real Estate Taxes
Net                              $659.36

TERMS FOR SOUTH DAKOTA
• 10% down payment on July 3, 2019, upon signing purchase agreement with balance due at closing with a projected date of August 6, 2019.  Possession will be at closing, subject to tenant’s rights.
• The successful bidder will be required to sign an Earnest Money Receipt and Purchase Agreement at the close of the real estate auction. A total deposit of 10% of the purchase price will be required. Those funds will be placed in a Real Estate Trust Account as good faith money until closing.
• Closing will take place at a professional closing company determined by seller.
• Prior to closing, Seller at Seller’s expense and election shall furnish to Buyer either: (i) an abstract of title updated to a current date, or (ii) an ALTA title insurance commitment for an owner’s policy of title insurance in the amount of the purchase price. Seller shall provide good and marketable title. Zoning ordinances, building and use restrictions and reservations in federal patents and state deeds, existing tenancies, easements and public roads shall not be deemed encumbrances or defects.
• Real Estate Taxes will be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.
• Closing Agent Fee will be shared equally between Buyer and Seller.

Scott Steffes SD Broker License #4762 – Steffes Group, Inc. – 701-237-9173

Special Provisions for All Tracts:

• The farms are rented for the 2019 farming season.  The seller shall keep all 2019 rent payments.
• Farm leases will be terminated by the seller and full possession will be available for the 2020 crop year.
• It shall be the obligation of the buyer(s) to report to the appropriate  County FSA office and show filed deed(s) in order to receive the following if applicable:   A. Allotted base acres.  B. Any future government programs.  C. CRP prorate. Please note that the final tillable acres and final CRP acres will be determined by the FSA office.
• Buyer(s) agrees to follow all requirements of conservation plans and practices required by the FSA to maintain eligibility in the Conservation Reserve Program. Buyer agrees to accept responsibility and liability for any actions by the buyer which would endanger eligibility for the CRP or actions that would require repayment of the CRP payment or payments. Buyer further agree to indemnify and hold harmless the sellers for any recovery sought by the FSA due to actions of buyer, which would violate the requirements of the CRP. In the event the buyer elects to take the ground out of CRP, the buyer will be responsible to the seller for any prorate of the CRP payment that the seller would have received.
• Seller shall not be obligated to furnish a survey. 
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.
• The buyer(s) shall be responsible for any fencing in accordance with Iowa/South Dakota state law.
• If one buyer purchases more than one tract, the seller shall only be obligated to furnish one abstract and deed. (husband & wife constitute one buyer)
• The buyer(s) shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required it shall be at the expense of the buyer(s).
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The buyer(s) acknowledge that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer(s) are buying this real estate in its “as is” condition and there are no expressed or implied warranties pertaining to the real estate.
• Steffes Group, Inc. is representing the Seller.
• Closing will take place at seller’s attorney office, unless other closing arrangements are made.
• Any announcements made the day of sale take precedence over advertising.

Cool Acres, LLC
Brian Heemstra, Scott Heemstra & Diane Clevenger

Steve Hendricks – Kersten Brownlee Hendricks PLLC – Attorney for Seller

Scott Steffes – SD Broker License #4762 – Steffes Group, Inc. – 701-237-9173

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