LINCOLN COUNTY, SD LAND AUCTION
298.31 +/- Acres, Dayton Township
Located South of Harrisburg, SD
Monday, Oct. 31, 2022, 10:30 AM

Live/Online Auction

We will sell the following at a live/online public auction at the land site located from east side of
Harrisburg, SD, 2 miles south on 476th Ave or from Canton, SD, 7 miles north on SD Hwy 11 and 2 miles
west on 275th St.

Auctioneer’s Note: Location, Location, Location! This land is located just southeast of Harrisburg, SD, 6
miles south of Sioux Falls, 6 miles west of the South Dakota/Iowa border. Seldom does one have a
chance to purchase two adjacent tracts located in one of the fastest-growing areas of our region. Here
is a great opportunity to purchase land as an investment or to expand your current farming operation.
The land is in close proximity to grain elevators and a reasonable distance to ethanol plants. The
topography of the land is flat and has excellent productivity and soil rating. A certified wetland
determination has been completed and the land is available to farm to the new buyer for the 2023 crop
year. According to the FSA office there are 284.80 acres of cropland, 142.10-acre corn base/158-bushel
PLC yield and a 139.20-acre soybean base/42-bushel PLC yield.

The land will be offered in multiple tracts, will not be combined, and will be sold on a per-acre basis.
After the first round of bidding, the winning bidder will have choice of either tract or the option to take
both tracts. If the winning bidder elects to take both tracts, the sale will be completed. If the winning
bidder elects to buy only one tract, another round of bidding will take place for the remaining tract.

Tract 1: 149.03 +/-acres. Lots 1 and 2 NW ¼, except 1.10-acre RR ROW, 18-99-49, Lincoln County, SD.
The land has a soil rating of .858 and according to Surety-Agridata a productivity rating of 86.3. Primary
soils include: Wentworth -Chancellor silty clay loam, 0-2 percent slopes (59.3 % of the field) and
Chancellor Viborg silty clay loams (27.5% of the field). Taxes: $4,391.78. This property has an access
easement for Tract 2, if the tracts are sold separately. The access easement and driveway will be paid for
by the seller. The land includes 4 building eligibilities.

Tract 2: 149.28 +/- acres. NE ¼, except 6.72 acres RR ROW and the South 407’ of the North 1677’ of the
East 428’, 18-99-49, Lincoln County, SD. The land has a soil rating of .839. According to Surety-Agridata
the land has a productivity rating of 85.5. Primary soils include: Wentworth -Chancellor silty clay loam,
0-2 percent slopes (60.6 % of the field) and Chancellor-Wakonda-Tetonka complex and Chancellor-
Viborg silty clay loams. Taxes: $4,302.92. Northern Natural Gas Company has a pipeline easement on the
land. The land includes 3 building eligibilities.

TERMS: 15% nonrefundable down payment day of sale with the balance due at closing on or before Nov
16, 2022. Possession March 1, 2023. Title insurance and closing costs split 50/50 between buyer and
seller. 2022 taxes due in 2023 to be paid for by the seller. 2023 taxes due in 2024 to be paid for by the
buyer. If the land is sold in separate tracts, it will be the buyer’s responsibility and expense to determine
the boundary between the two tracts. The acres in this property are based on acres stated in the county
tax records with the acres to be understood to be “more or less”. The seller does not warranty or
guarantee that the existing fences lie on the true and correct boundary and new fencing, if any, will be
the responsibility of the purchaser pursuant to SD statutes. Any lines on maps are for informational
purposes only and are not guaranteed to be actual boundary lines of the property. The property is sold
in as-is condition and as a cash sale with no financing contingency. Sold subject to existing easements,
restrictions, reservations, or highway of record, if any. Information is deemed to be correct but it is not
guaranteed. All prospective buyers are encouraged to inspect the property and verify all data provided.
Statements made the day of sale take precedence over all written advertising. Real Estate licensees are
agents for the seller. Sold subject to confirmation of owner.

Heritage Trust, Owners
Darin Schaap, First Bank and Trust, Trustee

Auctioneers/Brokers:
Joel A. Westra Auctioneer, Chancellor, SD 605-957-5222
Joel R. Westra Auctioneer, Centerville, SD 605-310-6941
Phil Eggers, Broker Associate, Renner, SD 605-351-5438
Mark Zomer, Broker, Rock Valley, Iowa 712-470-2526

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.