Holland, MN 56139(Pipestone County)

Auctioneers Note: Our company is honored to represent the Vreeman family in this offering of excellent Pipestone County, MN land! This land is in a great area and will be offered in 3 tracts! If you are looking for land in Pipestone County, MN then be sure to check out this excellent offering of land! Its hard to find large contiguous parcels of land like this!

Abbreviated Legal Description of Tract 1: Tract 1 in the N1/2 of Section 9, TWP 107N, Range 44W, Pipestone County, MN. Subject to all easements and roadways of record. Sold subject to existing wind tower lease/easements.

General description of Tract #1: According to the recent survey, this property contains 82.50+/- gross acres of farmland. According to FSA/survey, this property contains approx. 77.97+/- tillable acres with the remainder in road and ditch and grass waterways. This farm has a corn and soybean base combined with the adjoining farmland with a PLC yield of 152bu. on corn and a PLC yield of 38bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: J86B-Vienna, J79B-Vienna-Brookings, J78A-Lismore, J90B-Kranzburg, J93A-Hidewood-Badger, J71A-Brookings. According to Agri-Data this farm has a productivity index rating of 93.2 and a county CER rating of 69.3! Make plans today to attend this auction! The buyer of this land will receive the full rent for 2022 and will also receive a rent subsidy from the seller! Contact auction company for details! Call today for a full informational brochure on this property! This property is sold subject to a existing wind lease and easement agreement with EDF renewables. See below.

Abbreviated Legal Description of Tract #2: Tract 2 in the N1/2 of Section 9, TWP 107N, Range 44W, Pipestone County, MN. Subject to all easements and roadways of record. Sold subject to existing wind tower lease/easements.

General description of Property #2: According to the recent survey, this property contains 67.22+/- gross acres of farmland. According to FSA/survey, this property contains approx. 63.22+/- tillable acres with the remainder in road and ditch. This farm has a corn base only combined with the adjoining land with a PLC yield of 152bu on corn and a PLC yield of 38bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: J79B-Vienna-Brookings, J86B-Vienna, J78A-Lismore, J93A-Hidewood-Badger. According to Agri-Data this farm has a productivity index rating of 93.7 and a county CER rating of 69! Make plans today to attend this auction! The buyer of this farmland will receive the full rent for 2022 and will also receive a rent subsidy from the seller! Contact auction company for details! Call today for a full informational brochure on this property! This property is sold subject to a existing wind lease and easement agreement with EDF renewables. See below.

Abbreviated Legal Description of Tract #3: Tract 3 in the N1/2 of Section 9, TWP 107N, Range 44W, Pipestone County, MN. Subject to all easements and roadways of record. Sold subject to existing wind tower lease/easements.

General description of Property #3: According to the recent survey, this property contains 162.05+/- gross acres of farmland. According to FSA/survey, this property contains approx. 151.84+/- tillable acres with the remainder in road and ditch, grass waterways and windmill towers/access road. This farm has a corn base only combined with the adjoining land with a PLC yield of 152bu on corn and a PLC yield of 38bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: J86B-Vienna, J79B-Vienna-Brookings, J71A-Brookings, J93A-Hidewood-Badger, J90B-Kranzburg-Brookings, J78A-Lismore, J7B-Sverdrup. According to Agri-Data this farm has a productivity index rating of 92.4 and a county CER rating of 69! Make plans today to attend this auction! The buyer of this farmland will receive the full rent for 2022 and will also receive a rent subsidy from the seller! Contact auction company for details! This is a great opportunity to purchase an excellent tract of farmland!! Call today for a full informational brochure on this property! This property has 2 wind towers located on it and this property is sold subject to a existing wind lease and easement agreement with EDF renewables. See below.

Wind Tower Information: All Tracts are sold subject to a Wind Lease and Easement Agreement with EDF Renewables. The Lease expires on October 21, 2050. Two wind turbines and transmission lines are located on Tract 3. Transmission lines are also located on Tracts 1 & 2. The Easement for said turbines and their overhang and the transmission lines is perpetual subject to terms of said Lease. All future wind payments and proration to property owners will be pro-rated according to terms in said lease at the discretion of EDF renewables. For Further information please contact EDF Renewables at 1-844-943-0723.

Method of sale: Farms will be sold with the final bid x the final gross surveyed acres. This land auction will be held at Pipestone Livestock Auction parking lot (1500 7th St., SE, Pipestone, MN 56164). Properties will be offered in the choice method. The first successful bidder of choice will have the option of selecting choice of the parcels and then the remaining parcels will be offered choice until the final tract is sold. Each successful bidder of choice will be allowed to select 1 property and then choice will be offered again until all tracts are sold.

Taxes: The current Real Estate Taxes according to the Pipestone County Treasurer are approx. $2,970.00 per year on Tract 1, approx. $2,419.92 per year on Tract 3 and approx. $5,833.80 per year on Tract 3. Seller will pay the 2021 RE taxes when due and payable.

Possession: Landlord possession will be on closing day. Full possession will be on March 1, 2023. Buyer will receive the full rent for 2022 at closing and will also receive a rent subsidy from the seller. Buyers are responsible to terminate existing farm leases per MN statutes.

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 June 30, 2022. 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 Pipestone County 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. Sellers and agents/auction company do not warranty or guarantee any information concerning wind tower lease and easement terms. If buyer delays closing penalties will apply. 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. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below.