Friday, September 11 @ 10AM Located in Section 11, 14 ... · Prospectus. Balance of the purchase...

Barn

Auction Location On site at 67010 380th St. Watkins, MN 55389 Directions From Hwy 55 in Watkins, MN, South on Cty. Rd 2

1 mile, then East on 380th St. 1/4 mile.

Meeker Cty, MN

Multi Tract Farmland & Farmstead Auction

Forest Prairie Township

Opportunity to purchase 3 great tracts of tillable tiled farmland and a farmstead with several outbuildings. This land features loamy soils with productivity indexes into the upper 80s and low 90s. The farmstead could serve as a great farm base or as a nice rural residence located only a mile south of Watkins, MN.

Norbert (Sonny) Hennen Estate, Owner

Shop Shed

160acresoffered in

4 tracts

buyer’s

PROSPECTUS

ContactEric Gabrielson 701.238.2570

320.693.9371 TERMS: Ten percent down upon signing purchase agreement with balance due at closing in 30 days.

This is a 5% buyer’s premium auction.

24400 MN Hwy 22 South, Litchfield, MN 55355Ashley Huhn MN47-002, Eric Gabrielson MN47-006,

Randy Kath MN47-007, Scott Steffes MN14-51, Brad Olstad MN14-70, Bob Steffes MN14-09, Max Steffes MN14-031

SteffesGroup.com

Friday, September 11 @ 10AMLocated in Section 11, 14, & 15 160+/- Acres Subject to Survey 150+/- Cropland Acres 10+/- Acre Farmstead To be offered in 4 tracts Land has been tiled!Land will not be tilled backAll tracts enrolled in ARC County

2

The Terms and Conditions of Sale are set forth upon this page in this Buyer’s Prospectus and the Earnest Money Receipt and Purchase Agreement.

The information set forth is believed to be accurate. However, the owner of the properties and Steffes Group make no warranties or guaranties expressed or implied. Information contained in this document was collected from sources deemed to be reliable and is true and correct to the best of the writer’s knowledge. Auctioneers and owners will not be held responsible for advertising discrepancies or inaccuracies. All ANNOUNCEMENTS ON AUCTION DAY TAKE PRECEDENCE OVER PREVIOUSLY ADVERTISED INFORMATION. Prospective buyers are advised to consult with an attorney of their choice with respect to the purchase of any real property including but not limited to, seeking legal advice from their own attorney regarding disclosures and disclaimers set forth below.

TERMS & CONDITIONS.

TERMS & CONDITIONS• 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, October 16, 2015.

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

• 2015 taxes paid by seller. 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.

• All tracts will be offered on an individual basis. At the conclusion of the first round of bidding a recess will be taken. Bidding will then be reopened (at the last bid received) and all tracts will be offered again. The bidding will continue at the Auctioneer’s discretion. Our goal is to realize the highest return to the Seller, and to satisfy all interested parties by allowing bidders who are interested in one tract to have the same opportunity as multi-tract Buyers.

• 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.

• THIS IS A 5% BUYER’S PREMIUM AUCTION. FIVE PERCENT WILL BE ADDED TO THE FINAL BID TO ARRIVE AT THE CONTRACT SALE PRICE.

• 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 is due in cash at closing on or before Friday, October 16, 2015. Closing will take place at a closing company mutually agreeable to both Buyer and 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 guaranties as to the Seller’s performance.AGENCY DISCLOSURE Steffes Group, Inc. is representing the Seller and will be paid by the seller.POSSESSION Possession will be at closing unless otherwise agreed to in writing and agreeable by buyer and seller.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:1. Purchasing the property.2. Purchasing the property at a price you can afford. How is this accomplished?1. Estimate comparative value2. Experienced buyers always decide what to pay before the bidding begins.3. Inspect the property carefully.4. Compare with other properties available in the area.5. Check the selling price of previously sold properties.6. Discuss your buying plans with a lender. Have your financing arrangements made in advance.7. 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.

T1

T3

T2

T4

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 numbers on the sample grid do not reflect any expected value on the tracts we are selling.

All tracts will be offered on an individual basis. At the conclusion of the first round of bidding a recess will be taken. Bidding will then be reopened (at the last bid received) and all tracts will again be offered. The bidding will continue at the auctioneer’s discretion. Our goal is to realize the highest return to the seller, and to satisfy all interested parties by allowing bidders who are interested in one tract to have the same opportunity as multi-tract buyers.All bidding will be on a per tract basis. We will not have “per acre” bidding.

Sample Multi-Tract Bidding Grid.

This is an AUCTION! To the Highest Bidder.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. PLEASE NOTE THIS IS A SAMPLE

MULTI-TRACT BIDDING GRID AND DOES NOT REPRESENT THIS AUCTION SALE!

TRACT NUMBER ROUND 1 BIDDER ROUND 2 BIDDER ROUND 3 BIDDER

1 $168,000 8 $168,000 8 $168,000 8 SOLD

2 $140,000 7 $140,000 7 $140,000 7 SOLD

3 $152,000 8 $153,500 13 $163,500 13 SOLD

Meeker CountyMinnesota

5/27/2015

map center: 45° 17' 55.53, 94° 24' 57.68

scale: 7492

Aerial Map

11-121N-30W

Field borders provided by Farm Service Agency as of 5/21/2008.

4

Tract 1Legal Description: E1/2 SW1/4 Less

10 acre farmstead 11-121-30Acres: 70+/-Cropland Acres: 70+/-Concrete & plastic tile;

no maps available (1) building entitlement

on Northside of tract Property subject to surveyPlease Note: The land will be

surveyed.

State: MinnesotaMeekerCounty:11-121N-30WLocation:

Township: Forest PrairieAcres: 70Date: 5/18/2015

Soils data provided by USDA and NRCS.

Soil Map

Area Symbol: MN093, Soil Area Version: 8Code Soil Description Acres Percent of field PI Legend NonIrr Class *c Productivity Index

L353B Wadenill loam, 2 to 6 percent slopes 18.88 27.0% IIe 92

L324A Forestcity, overwashForestcity complex, 1 to 4 percent slopes 13.72 19.6% IIw 88

L337B WadenillSunburg complex, 2 to 6 percent slopes 12.20 17.4% IIe 88

L318A Lundlake silty clay loam, 0 to 1 percent slopes 7.11 10.2% IIIw 86

L350A Marcellon loam, 0 to 3 percent slopes 6.96 9.9% Iw 98

1801B Gardencity very fine sandy loam, 2 to 6 percent slopes 5.25 7.5% IIe 90

1185 Gardencity fine sandy loam, moderately wet, 0 to 2 percent slopes 4.76 6.8% I 90

101B Truman silt loam, 2 to 6 percent slopes 0.51 0.7% IIe 99

L322A Uniongrove loam, 0 to 2 percent slopes 0.28 0.4% IIw 88

L317A Barry loam, 0 to 2 percent slopes 0.26 0.4% IIw 87

L347A Klossner and Lundlake soils, 0 to 1 percent slopes, ponded 0.07 0.1% VIIIw 5

Weighted Average 90.1

Area Symbol: MN093, Soil Area Version: 8

*c: Using Capabilities Class Dominant Condition Aggregation Method


*c: Using Capabilities Class Dominant Condition Aggregation Method. Soils data provided by USDA and NRCS.




Soil Map




















Soil Map


















5/27/2015

map center: 45° 17' 55.53, 94° 24' 57.68

scale: 7492

Aerial Map

11-121N-30W


Tract 1 & 4 - 2015 Tax Statement

1. Use this amount on Form M1PR to see if you are eligible for a homestead credit refund ..............................

20152014

2015 2015

2015PROPERTY TAX

STATEMENT

AGRI HSTD

Step

.00

3,068.00

515,900

3,558.00

325 North Sibley

10-0129000 10-0129000

3,040.00

10-0129000

TC

PRCL#

MAY 15, 2015

CLEARWATER

2015

5857

Sent in March 2014

247.76

3,058.00

3

518,500

AGRI HSTD

AGRI HSTD

.00

NORBERT N HENNEN

Estimated Market Value:

3,010

Step

67010 380TH ST

543,500

55.25

Sharon M. Euerle

Sharon M. Euerle

5.74

New Improve/Expired Excls:

230.00

.00

67010 380TH ST

2014

Meeker Co. Treas.

3978-T

WATKINS MN 55389

SECT-11 TWP-121 RANG-30

Second half Taxes:

RCPT#

Meeker Co. Treas.

Property Tax StatementSent in November 2014

1,534.00

54.59

490,900

Taxes Payable Year

1,534.00

RCPT#

809.74

PRCL#

3978-T

10-0129000

RCPT#

* Does Not Include Special Assessments

692.21

AMOUNT DUE

1,534.00

3,058.00

www.co.meeker.mn.us

Sharon M. Euerle

463

5857

NORBERT N HENNEN

619.37

MID MN DEVELOPMENT

1

WATKINS MN 55389

Property Description:

1,534.00

1,397.69

3,288.00

3,068.00

Homestead Exclusion:

First half Taxes:

1,361.61

Values and ClassificationFOREST PRAIRIE TWP

WATKINS MN 55389

Proposed Tax

389.92

67010 380 ST

E 1/2 SW 1/4

NOV 16, 2015

PRCL#

3,058.00

25,000

Step

Litchfield, MN 55355-2155

AGRI HSTD

NORBERT N HENNEN

5.06

Property Class:

267010 380TH ST

Property ID Number: Taxable Market Value:

Total Taxes Due in 2015:

ACRES 80.00

3,147

490.00

3,068.00

1,320.14

3978-T

.00

639.97

Meeker Co. Treas.

3,068.00AMOUNT DUE

320-693-5345

3,068.00

25,000

.00

5857

1,286.25


5/18/2015

map center: 45° 17' 40.76, 94° 25' 2.57

scale: 5749

Aerial Map

14-121N-30W


6

Tract 2Legal Description: NE1/4 NW1/4

14-121-30 Acres: 40+/-Cropland Acres: 38+/-Concrete & plastic tile;





Soil Map

Area Symbol: MN093, Soil Area Version: 8Code Soil Description Acres Percent of field PI Legend NonIrr Class *c Irr Class *c Productivity Index

178 Granby fine sandy loam, 0 to 1 percent slopes 11.70 29.2% IVw 50

1096 FieldonDassel, depressional complex, 0 to 2 percent slopes 9.10 22.7% IIw 74

311C2 Shorewood silty clay, 6 to 12 percent slopes, eroded 5.57 13.9% IIIe 83

L332A Blue Earth mucky silt loam, lundlake catena, 0 to 1 percent slopes 3.74 9.4% IIIw 77

281 Darfur loam, 0 to 2 percent slopes 3.74 9.4% IIw 82

8C Sparta loamy sand, 6 to 12 percent slopes 2.10 5.3% VIs 35

96B Collinwood silty clay loam, 3 to 6 percent slopes 1.40 3.5% IIe 86



8B Sparta loamy sand, 1 to 6 percent slopes 0.49 1.2% IVs IIe 39


Weighted Average 68






5/27/2015

map center: 45° 17' 55.53, 94° 24' 57.68

scale: 7492

Aerial Map

11-121N-30W





Soil Map













Weighted Average 68







Soil Map













Weighted Average 68




Tract 2 - 2015 Tax Statement


20152014

2015 2015

2015PROPERTY TAX

STATEMENT

AGRI HSTD

Step

.00

834.00

156,600

834.00

325 North Sibley

10-0153000 10-0153000

826.00

10-0153000

TC

PRCL#

MAY 15, 2015

CLEARWATER

2015

5894

Sent in March 2014

59.41

794.00

3

157,200

AGRI HSTD

AGRI HSTD

.00

NORBERT N HENNEN


783

Step

67010 380TH ST

157,200

15.54

Sharon M. Euerle

Sharon M. Euerle

1.61


.00

.00

67010 380TH ST

2014

Meeker Co. Treas.

3978-T

WATKINS MN 55389


Second half Taxes:

RCPT#

Meeker Co. Treas.


417.00

15.98

156,600

Taxes Payable Year

417.00

RCPT#

171.79

PRCL#

3978-T

10-0153000

RCPT#


184.98

AMOUNT DUE

417.00

794.00

www.co.meeker.mn.us

Sharon M. Euerle

463

5894

NORBERT N HENNEN

174.25

MID MN DEVELOPMENT

1

WATKINS MN 55389


417.00

.00

794.00

834.00


First half Taxes:

.00


WATKINS MN 55389

Proposed Tax

66.55

NE 1/4 NW 1/4

NOV 16, 2015

PRCL#

794.00

Step


AGRI HSTD

NORBERT N HENNEN

1.48

Property Class:

267010 380TH ST



ACRES 40.00

786

.00

834.00

371.40

3978-T

.00

187.36

Meeker Co. Treas.

834.00AMOUNT DUE

320-693-5345

834.00

.00

5894

377.65


5/18/2015

map center: 45° 16' 58.81, 94° 25' 58.42

scale: 5755

Aerial Map

15-121N-30W

Field borders provided by Farm Service Agency as of 5/21/2008. 8

Tract 3Legal Description: SW1/4 SE1/4

15-121-30 Acres: 40+/-Cropland Acres: 39+/-Concrete & plastic tile;





Soil Map


L319A SwedegroveLundlake complex, 0 to 2 percent slopes 14.92 37.3% IIw 88

L307B Koronis loam, 2 to 6 percent slopes 9.15 22.9% IIe 88

L351A Houghton muck, lundlake catena, 0 to 1 percent slopes 8.59 21.5% IIIw 74




229 Waldorf silty clay loam, 0 to 2 percent slopes 0.37 0.9% IIw 85







5/27/2015

map center: 45° 17' 55.53, 94° 24' 57.68

scale: 7492

Aerial Map

11-121N-30W





Soil Map
















Soil Map













Tract 3 - 2015 Tax Statement


20152014

2015 2015

2015PROPERTY TAX

STATEMENT

AGRI HSTD

Step

.00

868.00

160,500

868.00

325 North Sibley

10-0165000 10-0165000

860.00

10-0165000

TC

PRCL#

MAY 15, 2015

CLEARWATER

2015

5911

Sent in March 2014

60.93

814.00

3

163,500

AGRI HSTD

AGRI HSTD

.00

NORBERT N HENNEN


803

Step

67010 380TH ST

163,500

15.94

Sharon M. Euerle

Sharon M. Euerle

1.65


.00

.00

67010 380TH ST

2014

Meeker Co. Treas.

3978-T

WATKINS MN 55389


Second half Taxes:

RCPT#

Meeker Co. Treas.


434.00

16.63

160,500

Taxes Payable Year

434.00

RCPT#

176.18

PRCL#

3978-T

10-0165000

RCPT#


192.51

AMOUNT DUE

434.00

814.00

www.co.meeker.mn.us

Sharon M. Euerle

463

5911

NORBERT N HENNEN

178.70

MID MN DEVELOPMENT

1

WATKINS MN 55389


434.00

.00

814.00

868.00


First half Taxes:

.00


WATKINS MN 55389

Proposed Tax

69.26

SW 1/4 SE 1/4

NOV 16, 2015

PRCL#

814.00

Step


AGRI HSTD

NORBERT N HENNEN

1.54

Property Class:

267010 380TH ST



ACRES 40.00

818

.00

868.00

380.60

3978-T

.00

194.99

Meeker Co. Treas.

868.00AMOUNT DUE

320-693-5345

868.00

.00

5911

393.07

10

Tract 4Farmstead located at 67010 380th St. Watkins, MN 55389 10+/- AcresTwo-story Home4BR, 1B, 45’ x 44 ½‘Built in 1941 Remodeled in 2006 New roof in 2013 New Septic in July 2015 Poured foundation

Attached 2-car 36’ x 24’ garage

Large breezewayPower overhead doorUtilities/Misc.Dual FuelLP Furnace

Electric Baseboard heatYork AC UnitNew steel siding 1995New windows 2005Maytag fridgeAmana dish washer 2013Frigidaire glass top stove

Maytag washer/dryer(2) basement freezers

(chest & upright)Newer water heater/softener

& furnaceMain floor master(4) Bedrooms upstairs

Barn w/ Attached Pole Barn Cattle Shed60’ x 36’ (barn) 60’ x 19’ Lean To60’ x 36’ x 11’ (Pole Barn Cattle Shed)Concrete floors New roof in 2014 New steel siding in 2006Block wallWater to barn (not in use)

Chief Hog Barn100’ x 40’ x 7 ½‘Steel frameSliding door30,000+/- ga. holding tank20,000+/- ga. holding tankBuilt in late 80’s

(5) Grain Bins24’x6 ring, approx. 6000 w/unload, no fan/no floorChief 18’x6 ring, full floor, approx. 3500 Bu., Newer

stirator w/unload auger, 24” Sukup dryer fan(1 phase), LP heat

21’x8 ring, approx. 5000 bu., no fan, w/unload augerBehlen 14’x 4 ring, approx. 2500 bu., w/unload auger14’x 5 ring, approx. 2500+/- bu., no floor

Machine Shed60’ x 34’ x 12’Pole FrameNew roof & doors in 2012Sliding door

General Info120’ +/- well- new in 90’sLP tank for house rentedProperty subject to survey

Hay Shed45’ x 24’ x 12’Wood post frameSteel roof

1-Car Garage26’ x 18’Concrete floorInsulated9’ x 7’ overhead doorNew roof & door in 2014


5/18/2015

map center: 45° 17' 51.2, 94° 25' 4.51

scale: 3211

Aerial Map

11-121N-30W



5/27/2015

map center: 45° 17' 55.53, 94° 24' 57.68

scale: 7492

Aerial Map

11-121N-30W


Chief Shop48’ x 39’ x 15’Heated & insulatedConcrete floor20’ x 13’ insulated

overhead door1-phase power, Lp heatBuilt in mid-90’s

Please Note: The land will be surveyed and have new septic installed.

Lean-to

Dryer Bin

100’

40’

Hog Barn

Hay Shed

Mac

hine

Sh

ed

Lean-to

Garage

GarageApron

Home

Barn Cattle Shed

7.5’Sidewall

12’Sidewall

11’Sidewall

15’Sidewall

12’Sidewall

Bins

24’

34’

60’ 60’

45’

60’

Storage Bin

36’

19’

18’

Shop39’

48’

24’45’

44.5’

26’

36’

12

Tract 4 Farmstead Photos

Abbreviated 156 FormU.S. Department of Agriculture

Farm Service Agency

Abbreviated 156 Farm Record

FARM:Prepared:

Page:Report ID: FSA-156EZ

Crop Year:

8659

2015

5/27/15 8:35 AM

1 of 2

Minnesota

Meeker

DISCLAIMER: This is data extracted from the web farm database. Because of potential messaging failures in MIDAS, this data is not guaranteed to be an accurate andcomplete representation of data contained in the MIDAS system, which is the system of record for Farm Records.

Farmland CroplandDCP

Cropland WBP WRP/EWP

StateConservation

GRP

OtherConservation

EffectiveDCP Cropland

DoubleCropped

NativeSod

Operator Name Farm Identifier

FAV/WRHistory

FarmStatus

Recon Number

CRPCropland

MPL/FWP

F#5973 into 8659, 8660

159.49 148.32 0.0 0.0 0.0

0.0 0.0 0.0

148.32

0.0

0.0

0.0

Active

148.32 N

115NORBERT N HENNEN 270932009

Farms Associated with Operator:5970

CRP Contract Number(s): None

Number ofTracts

2

PLCYield

CTAP TranYield

BaseAcreageCrop

CCC-505CRP Reduction

106CORN 131.1 0.0

34SOYBEANS 14.3 0.0

145.4Total Base Acres:


Cropland WBP WRP/EWP GRP

StateConservation

OtherConservation


DoubleCropped

NativeSod

CRPCropland

MPL/FWP

Tract Number: 1184 Description: I-2 & I-3/E2SW4/11/FP;NW4NW4/14/FP FAV/WRHistory

N

119.86 109.72 109.72 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0

0.0

BIA Range Unit Number:

CropBase

AcreageCTAP Tran

YieldPLCYield


CORN 10698.3 0.0

SOYBEANS 3410.7 0.0

Total Base Acres: 109.0

109.72

Wetland Status:

NHEL: no agricultural commodity planted on undetermined fields

Tract contains a wetland or farmed wetland

WL Violations: None

NORBERT N HENNENOwners:

HEL Status:

NoneOther Producers:

U.S. Department of Agriculture

Farm Service Agency

Abbreviated 156 Farm Record

FARM:Prepared:

Page:Report ID: FSA-156EZ

Crop Year:

8659

2015

5/27/15 8:35 AM

2 of 2

Minnesota

Meeker

DISCLAIMER: This is data extracted from the web farm database. Because of potential messaging failures in MIDAS, this data is not guaranteed to be an accurate andcomplete representation of data contained in the MIDAS system, which is the system of record for Farm Records.


Cropland WBP WRP/EWP GRP

StateConservation

OtherConservation


DoubleCropped

NativeSod

CRPCropland

MPL/FWP

Tract Number: 1349 Description: I-3/SW4SE4/15/FP FAV/WRHistory

N

39.63 38.6 38.6 0.0 0.0 0.0

0.0 0.0 0.0 0.0

0.0

0.0

BIA Range Unit Number:

CropBase

AcreageCTAP Tran

YieldPLCYield


CORN 10632.8 0.0

SOYBEANS 343.6 0.0

Total Base Acres: 36.4

38.6

Wetland Status:

NHEL: no agricultural commodity planted on undetermined fields

Tract does not contain a wetland

WL Violations: None

NORBERT N HENNENOwners:

HEL Status:

NoneOther Producers:

Trac

t 1&2

Trac

t 3

Please Note: All tracts are currently enrolled in ARC County

Date: ______________________

Received of _________________________________________________________________________________________________________________________________________

Whose address is ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

SS # ________________________ Phone # ________________________ the sum of ________________________ in the form of ________________________ as earnest money and in part payment of the purchase of real estate sold by Auction and described as follows:

____________________________________________________________________________________________________________________________________________________This property the undersigned has this day sold to the BUYER for the sum of ································································································· $ _____________________Earnest money hereinafter receipted for ······················································································································································ $ _____________________Balance to be paid as follows ····································································································································································· $ _____________________1. Said deposit to be placed in the Steffes Group, Inc. Trust Account until closing, BUYERS default, or otherwise as agreed in writing by BUYER and SELLER. By this deposit BUYER acknowledges purchase of the real estate subject to Terms and Conditions of this contract, subject to the Terms and Conditions of the Buyer’s Prospectus, and agreestocloseasprovidedhereinandtherein.BUYERacknowledgesandagreesthattheamountofdepositisreasonable;thatthepartieshaveendeavoredtofixadepositapproximatingSELLER’SdamagesuponBUYERSbreach;thatSELLER’SactualdamagesuponBUYER’Sbreachmaybedifficultorimpossibletoascertain;thatfailureto close as provided in the above referenced documents will result in forfeiture of the deposit as liquidated damages; and that such forfeiture is a remedy in addition to SELLER’S other remedies.2. Prior to closing SELLER at SELLER’S expense shall furnish BUYER an abstract updated to a current date showing good and marketable title. Zoning ordinances, building and use restrictions and reservations in federal patents and state deeds, existing tenancies, easements and public roads shall not be deemed encumbrances or defects.3. If the SELLER’S title is not insurable or free of defects and cannot be made so within sixty (60) days after notice containing a written statement of defects is delivered to SELLER, then said earnest money shall be refunded and all rights of the BUYER terminated, except that BUYER may waive defects and elect to purchase. However, if said sale is approved by the SELLER and the SELLER’S title is marketable and the buyer for any reason fails, neglects, or refuses to complete purchase, and to make payment promptly as above set forth, then the SELLER shall be paid the earnest money so held in escrow as liquidated damages for such failure to consummate the purchase. PaymentshallnotconstituteanelectionofremediesorprejudiceSELLER’SrightstopursueanyandallotherremediesagainstBUYER,included,butnotlimitedtospecificperformance. Time is of the essence for all covenants and conditions in this entire agreement.4. Neither the SELLER nor SELLER’S AGENT make any representation of warranty whatsoever concerning the amount of real estate taxes or special assessments, which shall be assessed against the property subsequent to the date of purchase.5. Minnesota Taxes: SELLER agrees to pay ____________________ of the real estate taxes and installment of special assessments due and payable in ____________________ BUYER agrees to pay ____________________ of the real state taxes and installments and special assessments due and payable in ____________________ SELLER warrants taxes for ____________________ are ____________________ Homestead, ____________________ Non-Homestead. SELLER agrees to pay the Minnesota State Deed Tax.6. North Dakota Taxes: ________________________________________________________________________________________________________________________________7. The property is to be conveyed by ____________________ deed, free and clear of all encumbrances except special assessments, existing tenancies, easements, reservations and restrictions of record.8. Closing of the sale is to be on or before ______________________________________________________________________________________ Possession will be at closing.9. This property is sold AS IS, WHERE IS, WITH ALL FAULTS. BUYER is responsible for inspection of the property prior to purchase for conditions including but not limited to water quality, seepage, septic and sewer operation and condition, radon gas, asbestos, presence of lead based paint, and any and all structural or environmental conditions that may affect the usability or value of the property.10. The contract, together with the Terms and Conditions of the Buyer’s Prospectus, contain the entire agreement and neither party has relied upon any oral or written representations, agreements, or understanding not set forth herein, whether made by agent or party hereto. This contract shall control with respect to any provisions that conflictwithorareinconsistentwiththeBuyer’sProspectusoranyannouncementsmadeatauction.11. Other conditions: Subject to easements, reservations and restrictions of record, existing tenancies, public roads and matters that a survey may show. Seller and Seller’s agent DO NOT MAKE ANY REPRESENTATIONS OR ANY WARRANTIES AS TO MINERAL RIGHTS, TOTAL ACREAGE, TILLABLE ACREAGE OR BOUNDARY LOCATION.12: Any other conditions: ______________________________________________________________________________________________________________________________13. Steffes Group, Inc. stipulates they represent the SELLER in this transaction.

SteffesGroup.comEARNEST MONEY RECEIPT AND PURCHASE AGREEMENT

In Cash at Closing

Buyer:

Steffes Group, Inc.

Seller:

Seller's Printed Name & Address:

Earnest Money Receipt & Purchase Agreement

USDA Maps

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All lines approximate

SteffesGroup.com

Multi Tract Farmland & Farmstead Auction

160acresoffered in

4 tracts

Friday, September 11 @ 10AM

T1

T3

T2

T4

Friday, September 11 @ 10AM Located in Section 11, 14 ... · Prospectus. Balance of the purchase...

Documents

Transcript of Friday, September 11 @ 10AM Located in Section 11, 14 ... · Prospectus. Balance of the purchase...