Lot # : 2 - Tract 2

This is a cash sale, which means potential buyers must have their financial arrangements secured prior to bidding. There will be no buyer contingencies offered or accepted for financing, inspections, or appraisals. Immediately upon the conclusion of the auction, the successful bidder(s) will be required to sign a real estate purchase contract and to deposit with RE Broker/Auctioneer, a nonrefundable earnest money payment of ten (10) percent of the total purchase price. The earnest money payment will be made payable to the closing agency Joshua M Reisetter, First Dakota Title, The Title Resource Network, 600 S Main Ave Suite 101, Sioux Falls, SD 57104 (605) 692-5727 Balance of the purchase price is due in certified funds at closing on or before October 19, 2022. Buyer(s) will take full possession after final payment at the date of the closing. Conveyance of marketable title will be transferred by Warranty Deed, free and clear of liens but subject to easements, reservations, and exceptions of record as well as statutory rights of way and other recorded easements at the time of sale. Owners’ title insurance policy will be provided to the buyer for examination prior to the auction. Cost of title insurance and closing fees will be divided equally 50% buyer & 50% seller. This property is sold AS-IS / WHERE-IS. Property is being sold by legal descriptions only. Should a property survey become necessary, it will be at the buyers’ expense. Seller(s) do not warranty or guarantee the property boundaries are accurate. Any new boundary survey will be the responsibility of the Purchaser, pursuant to South Dakota statutes. All mineral rights (if any) owned by Sellers will be transferred to the Buyer(s). This property will be offered at the live auction by _X_ amount of dollars per acre times the taxable acres, equals (=) total dollars $__________________. This property will be sold by the acre, based on the acres as stated on the county tax records, with the acres understood to be “more or less”. All of the 2021 and prior years taxes will be paid in full by the Sellers. DISCLAIMER: Property information provided was obtained from sources deemed reliable, however, the Seller(s) and Broker/Auctioneer are not making any guarantees to its accuracy. Potential buyers are encouraged to conduct both on-site and off-site inspections of the property to the extent deemed necessary and rely upon their own pre-auction inspection when bidding. The Auctioneer may accept absentee, phone or internet bids from bidders who cannot attend the auction. Bidding remotely does not guarantee anonymity. Video and audio recording devices will be in use during the auction which may be broadcast via the internet or used in other places. Winning bidder(s) acknowledges that they are representing themselves or have hired representation using their own financial means to complete the auction sales transaction. Dan Clark – Broker/Auctioneer and all associated licensees are acting as agents for the Seller and will be representing only the Seller’s interest in this transaction. Statements made day of sale take precedence over all written material. This property is being sold subject to the confirmation of the Sellers. Special Provisions: In lieu of a previous lease agreement, the Buyer(s) must honor the previous lease agreement in its entirety. Lessee shall have the right to plant a crop in the fall of 2022 for harvest in 2023, and if so, planted, Lessors shall receive a one-third share of such crop as well as one-third of the government farm program payments thereon; however, Lessee shall be limited to planting no more than 285 acres to a crop in the fall of 2022. All hunting rights will remain with the Lessee until the expiration of the lease on February 28, 2023. For a complete copy of the current lease, contact Auctioneer/Broker. To see the full Buyers Packet with the location & soil maps, terms & conditions, and pictures/ drone video of the property go to www.danclarkauctions.com Property will be marked by signage.