October 26, 2012 - 160 Acres of Lincoln County, SD Farmland

Upcoming Public Auction

Of 160+/–acres of Highland Twp, Lincoln County SD Farmland

Friday October 26, 2012–Sale time: 10:30 A.M.

Location: From Hoogendoorn Construction on the west edge of Canton SD at the intersection of Hwy 18 and Hwy 11 go 5 miles south on Hwy 11 to 287^th St. then go 2 miles west on 287^th St. then go North approx. ½ mile on 477^th Ave. Land is located on east side of road. Auction signs will be posted. Auction held at site of land.

Auctioneers note: We appreciate the opportunity to offer at public auction this 160 acre tract of farmland for the Donald L France Estate & Ava B. Lindekugel Estate. This is a very productive piece of farmland with good soil ratings. This attractive 160+/– acre tract of farmland would make an excellent addition to anyone’s current farming operation or would make a great investment. Don’t miss this opportunity!!                  

Legal Description: The NW ¼ of Section 8, Twp 97N, Range 49W of the 5^th P.M. Lincoln County, SD subject to public roads and easements of record.

General Description: This highly productive 160+/–tract of farmland has approx. 144.7 acres of tillable land. The balance of the land is in waterway and abandoned building site. With some cleanup more tillable acres could be added to farm. This farm has a corn base of 73.8 acres with a direct of 83 bu and cc yield of 116 bu and a soybean base of 70.9 acres with a direct yield of 27bu and a cc yield of 32bu.The predominant soil types include WHA-Wentworth chancellor, EAB, ESC-Egan, CD –Chancellor an CA -Chancellor. This farm according to the Agri Data Program has a soil productivity index rating of 83.3 and a soil rating of .843. The farm is classified as non-hel. This farm is well maintained and the topography is nearly level to a very gentle roll to a natural waterway. This farm has outstanding soils. This farm provides a great opportunity for everyone!!

Taxes: According to the Lincoln County Treasurer, the current net Real Estate taxes are approximately $3122.00 per year. 2012 Real estate Taxes Due in 2013 paid by Seller, 2013 Real estate taxes due in 2014 and all future taxes to be paid by buyer.

Method of sale: Farm will be sold as 160+/–tract of farmland.

Possession: Possession of the farmland will be when current crops are harvested.

Terms:  Purchaser(s) will be required to pay a non-refundable 10% of the purchase price immediately following the auction and also enter into a purchase agreement with the remaining balance due and payable on closing day on or before December 7, 2012 when the buyer shall receive a clear and merchantable title to the property. The sellers do not warranty or guarantee that the existing fence lies on the true and correct boundary and new fencing if any will be the responsibility of the purchaser pursuant to South Dakota Statues. Closing agent fee and Owners Title insurance policy will be utilized and split 50/50 between buyer and seller. The farm is being sold as is as a cash sale with no finance contingencies. 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 the data provided. Any announcements made the day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. The land sold subject to the confirmation of the sellers and court approval. If any additional information is requested please contact the agents listed below. Vande Vegte and Zomer Realty and Auction Inc./Westra Atkins Land and Auction are agents for the sellers. Brenda M. Ask is attorney for the sellers-also closing agent for sellers.

Donald L. France Estate & Ava B. Lindekugel Estate–—owner

Auctioneers:

Mark Zomer-712-470-2526

Darrell Vande Vegte-712-726-3428

Joel Westra-605-310-6941  

   Joel Westra -605-957-5222 

    Pete Atkins 605-351-9847