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 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, Lyman County Title Company, PO Box 5, Kennebec, SD 57544. Balance of the purchase price is due in certified funds at closing on or before November 15, 2018. Buyer will receive full possession of this property after final payment has been made at closing.
In lieu of the current lease agreement, the buyer will assume the lease which expires on February 28th, 2021 for sixty (60) acres located on the East Half of Section (22) twenty-two in Township (107 N) one hundred seven north, Range (77 W) seventy-seven west of the fifth P.M., Lyman County, South Dakota. (Copies of the lease will be available upon request).
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 Seller will be transferred to the Buyer(s). All hunting rights will be transferred to the buyer(s) at the date of the closing. This property will be offered at the live auction by _X_ amount of dollars per acre times the taxable acres of 480 acres equals (=) total dollars $__________________.

480 ± Acres of Cropland & Hayland located in Brule Township, Lyman County, SD Auction Date: Thursday, October 4, 2018 @ 1:00 PM CST Auction Location: Hutch's Café – 308 E Hwy 16, Presho, SD This will be a live off-site auction with pre-bidding & online bidding available. Online bidders must pre-register at danclarkauctions.hidbid.com Possession will be upon final payment at closing on or before November 15, 2018!! This real estate property will be sold as one complete unit, and not offered individually. Property Location: From Presho, SD, starting from the Dakota Mill & Grain located on North Main Avenue, North 5.4 miles on 305th Avenue, West 1 mile on 235th Street, North 5.0 miles on 304th Avenue, East 2.0 miles on 231st Street. Watch for the auction sign! Seller: James J. Terca – Presho, SD Legal Description: 480.0 ± Acres – NW ¼, NE ¼, & SE ¼ of Section 22, Township 107N, Range 77W of the 5th PM, Brule Township, Lyman County, South Dakota Property Information: According to the USDA records, this property has 468.64 acres of cropland, and 12.09 acres of non-tillable. There will be 306.8 acres of crop land that currently is in the CRP program that expires on October 1, 2018. This property lies on the border of the Lower Brule Indian Reservation and his home to whitetail & mule deer as well as pheasant, sharptail grouse, and prairie chicken. This property consists of 39.3% of Class IVe, 21.7% Class IIIe, 13.2% Class IIIs, and 11.2% Class VIe soils. The overall productivity rating for this property is 54.8. This property has a dam centrally located on the three quarters. RE Taxes: $2,731.28 Tax Proration: All the 2017 & prior years RE taxes will be paid in full by the Seller(s). The 2018 taxes will be prorated to the date of closing. Inspection – Showing Dates: Auction signs will mark the property. Potential buyers may inspect the property at their own convenience. Please be respectful!! Private showings may be done by calling Dan Clark Auction & Realty, LLC (605) 842-3300 to schedule an appointment. Soil information is provided by Surety® Agridata. Crop and base acres information is provided from USDA Farm Service Agency.