All bidders must register their name, address, and telephone number in order to receive a bidding number.

Auction staff will be at the sale site approximately one hour prior to sale time.  The successful bidder will be required to sign an Earnest Money Receipt and Purchase Agreement at the close of the real estate auction.  A total deposit of 10% of the purchase price will be required.  Those funds will be placed in the Steffes Group Auction Trust Account as good faith money until closing.

Purchasers who are unable to close because of insufficient funds will be in default and the deposit money will be forfeited.

Balance of the purchase price must be paid in full with cashier’s check at closing on or before Friday, July 29th, 2022.

Seller will provide up-to-date date abstracts at their expense and will convey property by Warranty Deed.

2022 Taxes to be paid by the BUYER. Subsequent taxes and or special assessments, if any, to be paid by buyer. Real Estate Taxes are subject to reassessment under new owner.

Closing Agent Fee will be shared equally between Buyer and Seller.

Please note the bidding will not close and property will not be sold until everyone has had the opportunity to make his or her highest and best bid.

The auction sale is for registered bidders and their guests.  All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, natural origin, or handicap. 

THE PROPERTY WILL BE SOLD AS IS WITH NO WARRANTIES EXPRESSED OR IMPLIED.

THE PROPERTY WILL BE SOLD SUBJECT TO OWNER CONFIRMATION.

PROPERTY SOLD WITHOUT WARRANTY
All dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation.  Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents. The property will be sold AS IS and without any warranties or representations, express or implied.

SUCCESSFUL BIDDER
The successful bidder of the property shall be determined by competitive bidding. Should any dispute arise between bidders, the auctioneer shall have the right to make the final decision to either determine the successful bidder or to re-offer the property that is in dispute.  The auction will be recorded and the auctioneer’s records shall be conclusive in all respects.

CLOSING
The successful bidder will be required, at  the close of the auction, to complete the Earnest Money Receipt and Purchase Agreement.  A sample contract is included in this Prospectus.  Balance of the purchase price must be paid in full at closing. Closing will take place at a professional closing company mutually agreeable to both Buyer & Seller.

SELLER’S PERFORMANCE
The Seller has agreed to the terms of the sale as published.  However, the Broker and Auctioneer make no warranties or guarantees as to the Seller’s performance.

AGENCY DISCLOSURE
Steffes Group, Inc. is representing the Seller.

POSSESSION

Possession will be at closing unless otherwise agreed to in writing and agreeable by buyer and seller.

* Please Note: All equipment pictured inside buildings will be sold separately as a part of the Kurpius Revocable Trust Farm Auction taking place Tuesday, June 14th beginning at 10AM.

MINERAL RIGHTS
All mineral rights, if any, held by Seller will be transferred upon closing.  However, the Seller does not warrant the amount or adequacy of the mineral rights.

ENVIRONMENTAL DISCLAIMER
The Seller, Broker and Auctioneers do not warrant with respect to the existence or nonexistence of any pollutants, contaminants or hazardous waste prohibited by federal, state or local law.  Buyer is responsible for inspection of the property prior to purchase for conditions including but not limited to water quality, and environmental conditions that may affect the usability or value of the property.  No warranties are made as to the existence or nonexistence of water wells on the property, or the condition of any wells.

EASEMENTS AND SURVEY
The property to be sold is subject to any restrictive covenants or easements of record and any results that an accurate survey may show.  

BIDDING PROCEDURE
As a buyer you have two objectives to accomplish:

Purchasing the property.

Purchasing the property at a price you can afford.

How is this accomplished?

Estimate comparative value.

Experienced buyers always decide what to pay before the bidding begins.

Inspect the property carefully. 

Compare with other properties available in the area. 

Check the selling price of previously sold properties.

Discuss your buying plans with a lender.  Have your financing arrangements made in advance.  

This sale is not subject to financing.

AVOID OVER OR UNDER BIDDING

Always bid on a property toward a price.  

Establish that price before the bidding begins.  By doing this you will avoid getting caught up in the auction excitement and pay a price that is too high for the market or one that you cannot afford.  It will also make you confident to bid to your established fair market value.  Many bidders who do not plan ahead end up with regrets after the auction because they were too nervous or uncertain about their judgment to bid.

THE BIDDING STRATEGY

Research and know the value of the property.

Have your financing arranged before the auction.

Establish your highest and best bid before the bidding begins.

Make your bids promptly to force other bidders up or out without delay.

ADA, MN FARMSTEAD AUCTION

Farmstead Located: From Ada, north 12 miles on MN Hwy. 9, Farmstead on east side of the Hwy.
2502 320th Ave, Ada, MN 56510

AUCTIONEER’S NOTE: Here is a great opportunity to bid on and buy at public auction a Norman County, MN farmstead. This farmstead includes over 68,000 bushels of grain storage, several outbuildings including a heated shop, and bare acres that provide opportunity for additional growth whether you desire to build a home or more storage. Don’t miss this chance to own property on MN Hwy 9, a 225 mile stretch of state highway spanning from Crookston to New London MN.

Preview Dates: Thursday, June 2 from 12-3PM & Saturday, June 11 from 9AM-1PM

TUESDAY, JUNE 14, 2022 AT 11:00AM     

   AUCTION LOCATION: 2502 320^th Ave, Ada, MN 56510     

 Please Note: This auction is offered in conjunction with the Kurpius Revocable Trust Farm Auction     

NORMAN COUNTY, MN – LOCKHART TOWNSHIP

Description: 13.54+ Surveyed Farmstead located at 2502 320^th Ave, Ada, MN 56510 Sections 9 & 16-146-46

View Full Legal Description Here

View Survey Here

Total Acres: 13.54 +

PID#: 13-554000 & part of 13-5517000

Taxes (2022): $750.00 (includes all PID # 13-5517000)

OUTBUILDING & BINS

2-Stall Garage: 30’x25’, electrical, concrete floor (uneven), 8’ ceiling, Walk in Door (NW Corner), (3) Windows on W wall, 9’x7’ O/H garage door opening (S door), 10’93” O/H garage door opening (N door)

Cold Storage Hay Shed: 100’x77’, gravel floor, electrical panel in NE corner no lights, 11’ side walls through N and S bays, 18’ wide bays, (2) windows evenly spaced in bays, (4) windows evenly spaced along west wall, open front facing east

Heated Shop: 80’x77’, concrete floor, 8’x7’ small garage door on SE corner, walk in Door between small garage door and large bi-fold door, 30’x16’ bi-fold door, 18’ bay on north end gravel floor, 20’x54’ concrete apron in front east of building, septic tank south of building

Well House: 6’x6’, active well w/pump and pressure tank, 302’ Well drilled in Oct 1979 MN Unique Well #163163

Outbuilding: 49’x29’, electrical with lights, concrete floor (uneven), old stove (NW corner), sliding doors on south side, walk in door on east side

Shop: 37’x25’, 14’x9’ O/H door, windows on W and E sides, concrete floor (uneven)

Quonset: 59’x31’, 17’x11’ O/H door, concrete floor (uneven), sliding doors

Cold Storage Building: 26’x31’, sliding door on W side

Storage Building: 14’x10’, walk in doors on E and N ends

Butler Grain Bin (Bin 12): 21’ diameter, 5,901± bu. capacity

Butler Grain Bin (Bin 1): 21’ diameter, 5,901± bu. capacity

Butler Grain Bin (Bin 2): 21’ diameter, 5,901± bu. capacity

Butler Grain Bin (Bin 3): 18’ diameter, 3,493± bu. capacity

Bin 4: 15’ diameter grain bin

Butler Grain Bin (Bin 5):18’ diameter, 4,278± bu. capacity 

Butler Grain Bin (Bin 6): 18’ diameter, 4,278± bu. capacity

Cold Storage Machine Shed: 90’x40’, electrical box no lights, concrete floor, sliding doors on S end one door panel missing, some tin damage on W end

Brock Grain Bin: 36’ diameter, 24,774± bu. capacity, grain saver take out auger with bin sweep, (2) guardian series 10 hp bin fans for aerated floor

Butler Grain Bin: 18’ diameter, 4,278± bu. capacity

GSI Grain Bin: 21’ diameter, 4,553± bu. capacity

Butler Grain Bin: 18’ diameter, 5,062± bu. capacity

(4) grain bins unknown bu. capacity & brand

TERMS: Ten percent down upon signing purchase agreement with balance due at closing in 45 days. 

For a detailed Buyer’s Prospectus with complete terms and conditions contact Martin Peterson at Steffes Group, 701.237.9173 or 320.905.5325.

Kurpius Revocable Trust

Karen Kurpius, Trustee