Legal Description: Fractional Southwest One-fourth (Frl.SW1/4) of section Seven (7), Township One Hundred Fourteen (114) North, Range Fifty (50) West of the 5th P.M., County of Deuel, State of South Dakota, also described as Government Lots Three (3) and Four (4) and the East One-half (E1/2) of the Southwest One-fourth (SW ¼) less the Pederson Addition

Taxes: $1,281.85

Possession: Immediately upon signing on purchase agreement and collection of earnest money.

Land Use: Agricultural

Sale Method: ONLINE AUCTION

Terms:

Earnest Money: 10% of purchase price
Contingencies: Seller doesn’t accept any contingencies of any kind. All bidders must have financial arrangements secured prior to bidding. All bids are cash bids.
Possession: Possession granted immediately upon execution of legal binding Purchase Agreement and collection of non-refundable 10% earnest money deposited into AgVisors, LLC Trust Account.
Earnest Payment: The successful bidder(s) will write a 10% check (nonrefundable), that must be used as earnest money made payable to AgVisors Trust Account upon conclusion of the auction, with the remaining balance due at closing. The payment may be in the form of cashier’s check, personal check, or company check. All funds will be deposited and held in AgVisors’ Trust Account until the day of closing.
Contract and Title: Upon the conclusion of the auction, the highest bidder(s) must sign a real estate purchase agreement contract provided by AgVisors, LLC. Sale is not contingent upon buyer(s) financing.
Costs- Title insurance and closing fees must be split equally by the seller and the buyer(s). The transfer fee must be paid by the seller. The new deed, prepared at closing, must be paid by the buyer(s).
Closing: The closing is on or before August 15th, 2019. Closing location TBD by seller and AgVisors, LLC.
Survey: Seller has not surveyed the tracts and makes no guarantee to number of acres on each tract.
Sale Method: Identification will be required to register to bid during this auction. Bidding increments are solely at the discretion of the Auctioneer. The Auctioneer may accept absentee, phone, or internet bids from bidders that cannot attend the auction or bid on behalf of the seller to advance toward any reserve until the reserve is achieved. All absentee or telephone bidders will be disclosed at the auction. Video and audio recording devices will be used during the auction which may be broadcast via internet or used other places. All decisions of the Auctioneer are final. AgVisors, LLC reserves the right to utilize or change the auction method at the Seller’s discretion, at any time.
Approval of Bids: Seller reserves the right to reject any or all bids.******
Agency: AgVisors, LLC represents the seller.
Seller: Poinsett Hutterian Brethren, Inc
Buyer’s Premium: This sale is subject to a 1.5% buyer’s premium (1.5% X purchase price).
Taxes: 2018 and 2019 real estate taxes to be paid by the seller.
Conditions: All prospective buyers are urged to inspect the property, its title, and to rely on their own conclusions. All tracts are sold ‘As Is’ and all tracts are subject to any rights, CRP, easements, restrictions and reservations of record and any other exceptions in the title work. You agree by bidding to abide by continuing any requirements of any government contracts or conservation programs, or pay any penalty associated with any violation of such programs. AgVisors and its representatives are agents or the seller. All announcements made on auction day take precedence over any previous material or statements.
Auctioneer: Jordan Holland