Pipestone, MN 56164(Pipestone County)

Tract 3 Location: From Woodstock, MN go 5 miles North on 180th Ave to 161st st then go 1 3/4 mile East on 161st to the farm. Auction of Tract 3 will be held at Tract 3 at 1:30 P.M.

Grange TWP Land Auction Date: September 26, 2022 To Be Sold At 10:30 A.M.

Auction to be held at the site of the farmland (Tract 1).

Rock TWP Land Auction Date: September 26, 2022 To Be Sold At 1:30 P.M.

Auction to be held at the site of the farmland (Tract 3)

Auctioneers Note: Our company is honored to represent the Te Slaa 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! Tracts 1 & 2 are contiguous and tract 3 offers an excellent opportunity with farming income and income from the wind tower on this property!

Abbreviated Legal Description of Tract #1: Tract 1 in the E1/2 of Section 17, TWP 107N, Range 45W, Pipestone County, MN. Subject to all easements and roadways of record.

General description of Tract #1: According to the recent survey, this property contains 120.15+/- gross acres of farmland. According to FSA/survey, this property contains approx. 118.09+/- tillable acres with the remainder in road and ditch and a .55 acre building site. This farm has a corn and soybean base combined with the adjoining farmland with a PLC yield of 147bu. on corn and a PLC yield of 43bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: J71A-Brookings, J93A-Hidewood-Badger, J90B-Kranzburg-Brookings, J86B-Vienna. According to Agri-Data this farm has a productivity index rating of 94.6 and a estimated average county CER rating of 71.9! This is a very attractive farm which is very conducive to farm with large equipment! This farm has 3/4 mile rows and very few waste acres! Make plans today to attend this auction! This farm has had extensive drainage tile installed with tile maps available! Contact auction company for details! Call today for a full informational brochure on this property! This farm will be sold based on the gross surveyed acres. This farm is sold subject to a fence agreement on the North boundary of this farm. Contact agent for details.

Abbreviated Legal Description of Tract 2: Tract 2 in the E1/2 of Section 17, TWP 107N, Range 45W, Pipestone County, MN Subject to all easements and roadways of record.

General description of Tract #2: According to the recent survey, this property contains 119.93+/- gross acres of farmland. According to FSA/survey, this property contains approx. 115.46+/- tillable acres with the remainder in road and ditch. This farm has a corn and soybean base combined with the adjoining farmland with a PLC yield of 147bu. on corn and a PLC yield of 43bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: J90B-Kranzburg-Brookings, J71A-Brookings, J93A-Hidewood-Badger, J86B-Vienna. According to Agri-Data this farm has a productivity index rating of 94.3 and a estimated average county CER rating of 71.9! This is a very attractive farm which is very conducive to farm with large equipment! This farm has 3/4 mile rows and very few waste acres! Make plans today to attend this auction! This farm has had extensive drainage tile installed with tile maps available! Contact auction company for details! Call today for a full informational brochure on this property! This farm will be sold based on the gross surveyed acres. This farm is sold subject to a fence agreement on the North boundary of this farm. Contact agent for details.

Abbreviated Legal Description of Tract #3: The Northeast 1/4 of Section 13, 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 Pipestone County Assessor, this property contains 160+/- gross acres of farmland. According to FSA, this property contains approx. 147.25+/- tillable acres, approx. 6.61 acres of CRP with an annual payment of $1,187.00 with a contract expiring 9-30-2026, with the remainder in road and ditch and grass waterways. This farm has a corn base of 117.9 acres with a PLC yield of 147bu and soybean base of 29.35 acres with a PLC yield of 43bu. The predominant soil types include: J99A-Lakepark, J104A-Svea, J96B, C2-Barnes-Buse, J101B-Hokans-Svea, J1A-Parnell, J31B-Arvilla-Sandberg, J42C-Sandberg-Arvilla. According to Agri-Data this farm has a productivity index rating of 88.9 and a county CER rating of 61.08! This farm has had over 30,000 feet of drainage tile line installed with maps available! Make plans today to attend this auction! This is a great opportunity to purchase an excellent tract of farmland with extensive drainage tile installed!! Call today for a full informational brochure on this property! This property has a wind tower located on it and is sold subject to the wind lease agreement with Navitas Energy. Buyer agrees to assume the current wind lease agreement and will receive all future wind payments for this property. Contact an agent for more details on the wind lease agreement!

Method of sale: Farms will be sold with the final bid x the final gross acres. Tracts 1 & 2 will be sold at 10:30 A.M. at the site of Tract 1. Tracts 1 & 2 will be offered in the choice method with the first successful bidder being allowed to select either 1 tract of their choice or both of the tracts. Tract 3 will be sold at 1:30 P.M. at the site of Tract 3. Tract 3 will be offered as one parcel. The tracts will not be combined in any way.

Taxes: The current Real Estate Taxes according to the Pipestone County Treasurer are approx. $4,157.00 per year on Tract 1, approx. $4,157.00 per year on Tract 2 and approx. $5,220.00 per year on Tract 3. Seller will pay the 2022 RE taxes when due and payable. Taxes are estimated and will be reassessed by the county due to recent surveys.

Possession: Full possession will be on March 1, 2023 or upon completion of the harvest of the current years crops. These farms are 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 November 15, 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. These farms are 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. 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. Buyer is required to assume the wind lease with Navitas Energy. 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. Jeff JohnsonAttorney For Sellers

Te Slaa Family- Owners