Upcoming Live Public Auction Of 123.15+/- Acres Of Land          

Located In Osborne TWP In Pipestone County, MN

This Land Is Located Northwest Of Edgerton, MN! This Tract Of Land Consists

Of 123.15+/-  Acres Of Land Which Includes 61.14+/- Acres Of Tillable Land, 19.28+/- Acres Of CRP &

 39.67+/- Acres Of Grassland/Pastureland!

This Is An Excellent Opportunity To Purchase A Multi Use Property!

Location: On the West Edge Of Edgerton at the intersection of 160th Ave and 21st St go North for 3/4 Mile to the Farm. The Farm is bordered on the East side by 160th Ave. and is bordered on the North Side by 31st St. Auction to held on site at the farm.Watch zomercompany.com for inclement weather.

Land Auction Date: November 16, 2022 @10:30 A.M.

Auctioneers Note: Our company is honored to represent Mike & Esther Homandberg in the sale of this excellent multi use property! This property is located in Osborne TWP, Pipestone County, MN! If you are a farmer or investor looking for an excellent tract of land with endless opportunities be sure to take a look at this property today! Watch zomercompany.com in case of inclement weather!

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Abbreviated Legal Description: Tract 1 in the NE1/4 of Section 20, TWP 105N, Range 44W, Pipestone County, MN. Subject to all easements and roadways of record. Sold Subject to Well Head Protection Area.

General description: According to the survey, this property contains 123.15+/- gross acres. According to FSA, this property contains approx. 61.14+/- tillable acres, approx. 5.57 acres of CRP with a annual payment of $1,121.00 with a contract expiring 9-30-2027, approx. 13.71 acres of CRP with an annual payment of $2,207.00 with a contract expiring 9-30-2035, and approx. 39.67 acres of pastureland/grassland with the remainder in road and ditch. Seller will retain the 10-1-2022 CRP payment and buyer shall receive the full 10-1-2023 CRP payment and all future CRP payments. This farm has a corn base only which is 66.08 acres with a PLC yield of 148bu. The tillable farmland is classified as NHEL. The predominant soil types of the tillable land include: J85A-Trotsky, J70A-Brandt, J69A-Athelwold, J80A-Lamoure-La Prairie, J23A-Lamoure, J74B-Estelline, J73E-Buse, J74A-Estelline. According to Agri-Data this tillable land has a productivity index rating of 76.7 and a estimated average county CER rating of 70.62! The owner of this property has had a Well Head Protection Agreement with the City Of Edgerton, MN which has expired in April of 2022. The City Of Edgerton, MN would like to continue this agreement and the buyer would receive all future payments from the City Of Edgerton, MN if the buyer agrees to renew the agreement. Contact An Agent for contact information for the City Of Edgerton to discuss the potential renewal of the agreement. This is a great opportunity to purchase an excellent tract of multi use land! It is not often that you have the opportunity to purchase a property with as much potential as this one! If you are a farmer or investor this is a great opportunity! If you are an outdoorsman looking for a hunting retreat this property would make an excellent property for that and would have the added benefit of CRP income, income from the tillable land and grassland/pastureland and income from the water protection agreement!!!! Do not miss the opportunity to purchase this Osborne TWP, Pipestone County, MN Land!

Method of sale: Farm will be sold with the final bid x the final gross surveyed acres. Auction will be held on site at the site of the farmland.

Taxes: The current Real Estate Taxes according to the Pipestone County Treasurer are approx. $2,650.00 per year. Seller will pay the 2022 RE taxes when due and payable.

Possession: Full possession will be March 1, 2023. This land is available to farm for the 2023 crop year.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit which will be payable to Winter Abstract & Title, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 16, 2022 when the seller will provide marketable title to the property. Owners title insurance policy and closing fees will be split 50/50 between the buyer and seller. Abstracts will not be provided. Closing will be conducted by Winter Abstract & Title. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to MN statutes. If buyer delays closing penalties will apply. All buyers are encouraged to do buyers due diligence. Buyer will be required to assume the CRP contract and will be responsible for any future midterm maintenance if required. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneer and Real Estate broker is representing the sellers. Buyer agrees to accommodate the sellers with a 1031 exchange. If any additional information is requested, please contact auction manager listed below.

Michael & Esther Homandberg- Owners

Sale Conducted by Zomer Company Realty & Auction

1414 Main St., Rock Valley, IA 51247

712-476-9443

Www.zomercompany.com

Mark Zomer Auction Manager—712-470-2526—MN Lic. #40641381

Zomer Auctions welcomes you to our current and future auctions.
Please carefully read the terms listed below. Thank You!

Zomer Auctions, its Employees and representatives (hereinafter “Company”) act merely as agents for Seller(s). All final bids are subject to the Seller's confirmation. The top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied and you agree to purchase and accept the property in an as-is condition. Information on the property is obtained by us from the Seller(s) and other sources and you hereby agree to hold harmless Company for any errors or omissions regarding the property being sold. This information includes but is not limited to physical condition, features, inadvertent errors in cataloging, authenticity or imperfections not specifically noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own inspection during Open Houses/Inspection periods or by appointment. Printed or verbal statements made by Company are matters of opinion and are made in good faith. Any announcements posted the day of the auction or announced at the live auction take precedence over all prior advertisements.
 
You acknowledge that you have the right and responsibility to inspect the property personally, or to have a third-party representative inspect the property for you. That by bidding on the property you have agreed to accept that property in its present condition with the description provided whether accurate or not.

Auction Close: Upon the completion of an auction and notification from the auction company to the buyer of the acceptance of the buyers bid by the seller. The buyer does hereby agree to immediately enter into a purchase agreement with the terms stated and shall immediately provide the earnest money deposit due.

These terms and conditions and any dispute arising out of or related to an auction shall be governed by and construed and enforced in accordance with the laws of the State of Iowa. Any legal action must be brought in Sioux County, Iowa, or another jurisdiction of Company’s choosing. Buyer agreed to abide by the laws of the State of Iowa.

When using our online auction services you are making firm commitments to purchase said property and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.  Fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. Buyers also acknowledge that the Internet may be an unreliable and error prone network. Company does not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion or that current bid shown is accurate. Buyers agree to hold Company harmless for any interruptions of online bidding. Further, Company has the sole discretion to accept or refuse any bid. Company retains the right, at Company’s sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please review auction terms often.

Bidder/Buyer responsibilities include but are not limited to the following:

All Buyers must provide their name, email address, daytime phone number and physical address at which they can be contacted for timely and accurate communication between Company and Buyer throughout any transaction or auction. Failure to maintain accurate and current contact information on Buyers account may lead to suspension of their account access until current contact information is provided to Company. All Buyers must provide valid credit card information, wire information or proof of funds if requested.

Buyers shall obey any and all local, state and federal laws and any and all violations of the same will result in termination of bidding and website use privileges with Company.

The final bidding will close and remain closed and no adjustments shall be made after closing.

Bidders acknowledge that online only auctions have an auto extend feature that means the auction will not close until all bidding parties are represented and satisfied. A bidder can place a max bid on one or more lots. The current bid price does not automatically go to the max bid unless the bidder selects to raise the bid to that price immediately by selecting the raise bid option. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified reaching your max bid only by ongoing bidding activity.

Company reserves the right to reject any and all bids for any reason. Company shall not be held responsible for any missed bids. All auctions are subject to the sellers confirmation.

Bidder shall be held liable for all bids placed from the bidders account.

Bidder acknowledges that some tracts may be sold in total dollars and some may be sold per acre. The tracts sold per acre shall be the purchase price times the gross acres of the property sold. Bidder acknowledges that the online platform may not always show the tenths of an acre sold however bidder acknowledges that the purchase price will still be calculated using the total gross acres of the tract being sold including the tenths even if they are not displayed.