LIVE AND ONLINE - 80+/- Acres of Cropland & Acreage Site in Lake Co, SD
Start Bidding:
6/20/2019 11:00:00 AM CTEnd Bidding:
6/20/2019 3:00:00 PM CTEvent Date:
6/21/2019 11:00:00 AM CT
Address:
22273 465th AveTERMS:
Terms: Closing and landlord possession will be on or before July 23rd, 2019; date may need to be adjusted if there are two buyers. If there are two separate buyers, a plat will be conducted for exact acres and legal descriptions; however, the price paid at auction will not change even if acres change. Plat to be split three ways between both buyers and seller. If there is one buyer, there will be no plat ordered. A plat to be conducted by Civil Design Inc in Brookings and will need to be approved by Lake County. Tract 1: There is no lease on this tract and buyer will take full possession at closing. Upon acceptance of the sale by the seller, a nonrefundable earnest money deposit equal to 5% of the sale price if sold separately due at the conclusion of the auction. Tract 2: Landlord possession will be given at closing as this tract is leased for the 2019 farming season. Full possession to be given after 2019 harvest. Seller to credit buyer at closing in the amount of $5,350 at closing for ½ years rent. Upon acceptance of the sale by the seller, a nonrefundable earnest money deposit equal to 10% of the sale price if sold separately due at the conclusion of the auction. Upon acceptance of the sale by the seller, a nonrefundable earnest money deposit equal to 10% of the sale price if sold as a unit due at the conclusion of the auction. If buyer is not immediately available at the conclusion of the auction, the purchase agreement and 10% non-refundable earnest money deposit must be completed within 24 hours from the close of the auction. The balance will be due at closing. Merchantable title will be conveyed, and title insurance cost will be divided 50-50 between the buyer and seller. Closing costs are to be split 50-50 between buyer and seller. All of the 2018 RE taxes due and payable in 2019 will be the responsibility of the seller. All of the 2019 real estate taxes due in 2020 will be prorated to the date of closing between the buyer and seller, based on the estimated break out and most current tax information and will be credited to seller from buyer at closing. Information contained herein is deemed to be correct but is not guaranteed. The seller does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. FSA yields, bases, payments and other information is estimated and not guaranteed and is subject to Lake County Committee Approval. Sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Lake County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Announcements made day of sale take precedence over any written materials. Said property is sold as is. This is a cash sale. This sale is subject to seller confirmation. Not responsible for accidents.