TERMS:

TERMS: This is a Single Phase Sealed Bid Sale. Sealed bids accepted by 5pm, Wednesday February 7th, 2018, to Advantage Land Co 510 Main Ave, Ste 4 Brookings, SD 57006. Bids will be reviewed by Advantage Land Company and Seller by 5pm February 8th, 2018 and will notify bidders of their status. This sale is subject to First Right of Refusal by Donnie Hamlin in which he will have until February 15th, noon to exercise his first right. A bid deposit check must accompany the sealed bid in the amount of 10% of the sealed bid amount and made to Advantage Land Trust. In the event the bid is accepted, this 10% will become the non-refundable earnest money in the purchase agreement with the balance due at closing. If bid is not approved or accepted, the bid deposit shall be returned to the bidder in a timely manner. Any bidder which submits a sealed bid understands and agrees that the integrity of the sale requires that the Bidder’s Sealed Bid be an irrevocable offer to purchase the subject property throughout the term of the sale for the amount of the sealed bid. Seller reserves the right to accept or reject any bid or withdraw the property from sale. In the event of a tie bid, tie bidders will be asked to submit a final tie breaker bid.

This is a cash sale. Closing and possession will be on or before April 4th, 2018.  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 buyer and seller. The 2017 RE taxes due and payable in 2018, will be paid by the seller. The 2018 RE taxes due and payable in 2019 are purchaser’s responsibility. 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. A survey will not be provided and will be the purchasers responsibility if needed or requested. FSA yields, bases, payments and other information is estimated and not guaranteed and are subject to County Committee Approval. Information contained herein is deemed to be correct but is not guaranteed. Sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Hyde County Zoning Ordinances. This property is sold subject to the Wind Energy Easement with Triple H Wind Project, LLC with the total development payment to go to the purchaser for 2018, estimated to be $4 per acre in December 2018. 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 sale is subject to seller confirmation. Not responsible for accidents.