Name Lee Farmland Auction
Auctioneer Vander Werff & Associates
Type Live Webcast Auction
Date(s) 11/20/2020
Location Gray Wolf Saloon 130 Howard St
Edgerton, MN 56128
Buyer Premium no buyers premium
Description
76.16 Surveyed Acres of Burke Township, Pipestone County, MN Farmland At Auction Friday, November 20, 2020 @ 10:30 AM Auction to be held at the Gray Wolf Saloon, 130 Howard St, Edgerton, MN Live & Online Bidding Matthew and Eloise Lee Damain D. Sandy, Attorney ~ O'Neill, O'Neill & Barduson Law Firm, Pipestone, MN Location: From the east side of Edgerton, MN go approx. 1 mile east on Trosky Road, then 6 miles north on Hwy 18 (AKA 180th Ave) and 3/4 mile west on 81st. OR from Woodstock, MN go 3 miles south on Hwy 18 (AKA 180th Ave) and 3/4 mile west on 81st St. Signs Posted! General Description: Selling will a 76.16 surveyed acre farm located in Burke Township, Pipestone County, Minnesota. This farm is level to gently sloped. The primary soil types on the farm consist of the Trosky, Lamoure, Esteline, and Athelwold series. The productivity index on the tillable acres is 61.2. According to the FSA office the farm has approximately 66 tillable acres with the balance consisting of 5.95 acres of CRP ground, narrow creek, road and ditch. Brief Legal Description: The W 1/2 of the NW 1/4 excluding a tract in the NW 1/4 in Section 27-106-44, Pipestone County, Minnesota. Property contains 76.16 surveyed acres. The complete legal description will be according to the survey. CRP: There are currently 5.95 acres enrolled in the CRP program with a rental rate of $203.62 per acre. The contract will expire on September 30, 2032. Farm Corn Base/Corn Yield: The corn PLC yield on the entire NW 1/4 is 145 bushels, the soybean PLC yield is 43 bushels and the wheat PLC yield is 54 bushels. The corn base on the entire NW 1/4 is 50.39 acres, the soybean base is 39.66 acres and the wheat base is 3.15 bushels. Real Estate Taxes: The real estate taxes payable in 2020 will be paid by the sellers, the purchasers will be responsible for the 2021 real estate taxes payable. The 2021 estimated taxes are $2133 per year. Method of Sale: Bid price per acre times 76.16 surveyed acres via live and online auction simultaneously. Terms: 10% nonrefundable down payment is due on the day of the auction. The balance will be due on December 21, 2020. A late charge will apply for buyers delaying the closing. The abstract will be continued to date. The buyers will have 10 days from receipt of abstract to have the abstract examined. The sellers guarantee a clear and marketable title on the property. The owners reserve the right to reject any and all bids. Successful online bidder will be notified at the conclusion of the auction. Online bidders must agree to these terms and conditions as well as online conditions prior to registering and must be verified 24 hours prior to start of auction. Possession: December 21, 2020 Attorney for the sellers and closing agent: Damain D. Sandy, O'Neill, O'Neill & Barduson Law Firm, Pipestone, MN 507-825-4266. Auction Company Note: We are pleased to offer this Burke Twp farm on behalf of Matthew and Eloise Lee! The farm will be sold from the Gray Wolf Saloon on November 20, 2020. Check out our website at www.vw72.com for additional information. If you have any questions, give us a call and we thank you for your interest. Rich, Todd, Levi, Brent, and Shannon Note: This farm is being sold "as is." While every effort has been made to ensure the accuracy of the information herein provided, no warranty is given and no responsibility is assumed by the auction company, the auctioneers, the seller or their agents concerning condition of the property, the corn bases, corn yields or other supplied information. Property is being sold subject to any easements, including road, drainage, utility or other easements of record. All prospective purchasers are encouraged to inspect and verify information provided herein. Vander Werff & Associates Inc., represent the sellers for this transaction. Any announcements made the day of will supersede this advertisement. View our website for more info or to register to bid www.vw72.com Vander Werff & Associates Sanborn, IA 51248 712-729-3264 Rich Vander Werff 712-261-0298 Todd Hattermann 712-348-0111 Levi Mouw 712-441-6898 Brent Vander Werff 712-540-7591
Auction Terms & Conditions Terms and Conditions Auction Terms & Conditions All registered bidders must provide a letter of credit from a banking institution 24 hours prior to the start of the auction. Vander Werff & Associates and its Employees act merely as agents for sellers. All final bids are subject to the seller's approval. While the information we offer on item(s) is deemed accurate, no warranties are expressed or implied. Information on items is attained by us from the sellers and you agree to hold Vander Werff & Associates and their Employees harmless for any errors or oversights regarding the item(s) being sold. This information comprises but is not limited to year, model, hours, condition, options, structures, unintentional errors in cataloging, authenticity or imperfections not precisely noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own examination or by a third party, during Open Houses/Inspection periods. The winning bidder will be notified via email from the Auction Company. Printed or verbal statements made by the auction company are matters of belief and are made in good faith. ALL ITEMS ARE SOLD AS-IS WHERE-IS. Online auctions have a scheduled open and close date and time. Upon your accepted bid of an article, that article shall instantly become your responsibility and be at your risk (whether you have paid for that item or not). You agree that Vander Werff & Associates, its employees, and their sellers are not responsible for lost, stolen or damaged items and will not reimburse or discount items for any theft or damages. Buyers are accountable for any costs incurred to prepare their item(s) for transport. This includes but is not necessarily limited to the cost of any load out, disassembly, or transport and any/all other costs related to physical transfer of their item(s). Buyers are required to pick up sold items on scheduled pickup dates selected by the Auction Company. If payment is not made by scheduled pickup day, all purchases due will be charged to your credit card and subject up to a 3.45% fee. You further understand and agree that failure to remove items in the stated time could result in storage, removal fees and/or forfeited to the Auction Company. By using our online auction service you are entering into a legally binding contract to purchase said item(s). Bids may not be cancelled or withdrawn for any reason. You acknowledge that the internet may be an undependable and an error prone network. Vander Werff & Associates will not guarantee that bids placed online will be conveyed to or received by the auctioneer in an appropriate time frame. You agree to hold Vander Werff & Associates and their employees harmless for any disruptions in bidding and/or auction software. The auction company shall not be held responsible for any missed bids. Further, the auctioneer has the right to accept or refuse any bid(s) at their discretion. Vander Werff & Associates retains the right to add, delete or change some or all of our online services as well as the terms and conditions without notice. Please check back and review auction terms frequently. Bidder responsibilities are but not limited to the following: All bidders must provide their name, email address, phone number, address at which they can be contacted for communication between Vander Werff & Associates throughout any transaction or auction. Bidders will be accountable and must obey any and all local, state and federal laws any/all violations will result in conclusion of bidding and website use privileges with this auction company. All bidders must be liable to provide appropriate forms of payment for items bought. Bidders recognize that this auction has live and online bidding simulataneously. The final bidding will close and remain closed as the auctioneer sells the item. A bidder can place a maximum bid on one or more lots. The current bid price does not automatically go to the max bid. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified until reaching your max bid. When paying within the stated time our acceptable payment methods are cash, check, bank wire or credit card. If a credit card is used, your account will be charged up to a 3.45% convenience fee. If paying by bank wire there will be a $10 incoming wire fee. No items will be released until paid in full. All sales are final. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 8,500.00 500.00 USD
8,500.01 - 10,000.00 250.00 USD
10,000.01 - 9,999,999.99 100.00 USD
Currency USD
Buyer Premium no buyers premium
Payment Terms
Cash Check Bank Wire Credit Card In the event you are the high bidder, you will be contacted by Vander Werff & Associates, inc via email. Payment is due upon completion of auction.
Terms: 10% down on the day of the auction. The balance will be due on December 21, 2020.