October 31, 2012 - 442.98 Acres of Union County, SD Farmland -

442.98 Emmet and Spink Twp’s Union County SD

Farmland at auction

Wednesday Oct.31, 2012—Sale time: 10:30 A.M.

Sold in 3 separate Tracts***All Tracts sold at site of Tract 1***

Location: All tracts of land sold at site of Tract 1—directions to Tract 1-(NE ¼ of Section 21-93-50)-from the Spink exit #31 on I-29 go 2 ½ miles east on Hwy 48 to Spink/473^rd Ave. then go ½ mile north on 473^rd Ave. Tract 2-(160 acres located in 5-93-50)-directions-from the Spink exit #31 on I-29 go ½ mile east on Hwy 48 to 471^st Ave. then go 3 miles north on 471^st Ave. to 310^th St. then go 1 mile east on 310^th St. to south side of Tract 2. Tract 3 (122.98 acres in 33-94-50) directions-from the Spink exit #31 on I-29 go ½ mile east on Hwy 48 then go 4 miles north on 471^st Ave. then go 1 mile east on 309^th St. then go ¼ mile north on 472^nd Ave. to north 80– to the south/east 80 acres go 1 ¾ miles east on 309^th St. from the intersection of 471^st Ave./309^th St.

Auctioneers note: We are honored to have been asked and appreciate the opportunity to offer at public auction this tract of farmland for the Leonard Zwiep Revocable Trust. These attractive pieces of farmland have been in this family for many years and represent a once in a lifetime opportunity. These Prime pieces of farmland would make an excellent addition to anyone’s current farming operation or would make a great investment! This is a great opportunity to purchase some farmland in this location!

Abbreviated Legal Description of Tract 1-Spink Twp: The NE ¼ of Section 21, Twp 93N, Range 50W of the 5^th P.M. Union County, SD– Subject to restrictions, reservations and easements of record.

General Description of Tract 1: This highly productive high quality 160 +–acre tract of farmland has according to the Union County FSA approx. 143.93 tillable acres with the balance in water ways, trees, road and ditch . This farm has a corn base of 97.4 acres with a direct yield and a cc yield of   86bu and a soybean base of 42.5 acres with a direct yield and cc yield of 27bu. The predominant soil types include: MCB-Moody silty clay loam, SA-Salix, BD-Benclare, ENB-Enet and Dempster, KA-Kennebec and CA-Calco. This farm is classified as –non-hel. The farm is not enrolled in the acre program. This farm has a soil productivity index rating of 68.6. This is an excellent producing farm.

Abbreviated Legal Description of Tract 2-Spink Twp: The S 60 acres of Lot 1 of the NE ¼ and the E ½ of the SE ¼ and the North ½ of the NW ¼ of the SE ¼ all in Section 5, Twp 93N, Range 50W of the 5^th P.M. Union County, SD. Subject to restrictions, reservations and easements of record.

General Description of Tract 2: This highly productive high quality 160+–acre tract of farmland has according to the Union County FSA approx. 129.96 tillable acres with the balance as follows: 12.61 acres of CRP which is enrolled in the CRP program until 9-2-2017 with an annual payment of $1066.00 and the balance in road/ditch. This farm has a corn base of 63.2 acres with a direct yield of 90bu and a cc yield of 128bu and a soybean base of 63.1 acres with a direct yield of 29 and cc yield of 35bu. The predominant soil types include: AE-Alcester loam, CBF-CNB2, CEB2-Crofton, WBB-WH-WBA-Wentworth and KA-Kennebec and EAC-Egan. This farm is classified –hel and has a conservation plan in effect. The farm is not enrolled in the acre program. This farm has a productivity index rating of 67.9.

Abbreviated Legal Description of Tract 3-Emmet Twp: The S ½ of the SW ¼ of Section 33, Twp 94, Range 50W of the 5^th P.M. less the W 750’ of the North 400’ and the N ½ of the SW ¼ Section 33, Twp 94, Range 50W of the 5^th P.M. except Lot 1 of Zwiep addition, an addition in the SW ¼ of the SW ¼ 33-94-50 and except Lot 2 of the Zwiep addition, an addition in the SW ¼ of the SW ¼ of 33-94-50W of the 5^th P.M. Union County SD according to the Recorded plats thereof subject to restrictions, reservations and easements of record..

General Description of Tract 3: This highly productive high quality 122.98+–acre tract of farmland has according to the Union County FSA approx. 121.44 tillable acres with the balance in terraces, road and ditch. This farm has a corn base of 106.9 acres with a direct and cc yield of 86 bu and a soybean base 10.6 acres with a direct yield and cc yield of 31. The predominant soil types include: MDC-Moody Nora, CNB, CND2-Crofton Nora, CBF, CBE2-Crofton silt loam, AB-Alcester and KA-Kennebec. This farm is classified as –hel and has a conservation plan in effect. The farm is not enrolled in the acre program. This farm has a productivity index rating of       approx. 60.

Taxes: According to the Union County Treasurer, the current net Real Estate taxes are approximately $3449.02 per year on Tract 1, $2911.14 on Tract 2 and $2420.48 on Tract 3. Seller will pay the real estate taxes thru fiscal year ending June 30, 2012 and taxes payable in September 2013 for taxes thru Dec. 31, 2012.

Method of sale: Tract 1 will be offered and will remain sold. Tract 2 will be offered and remain sold. Tract 3 will be offered and remain sold. Tracts will not be combined.

Possession of Tracts 1, 2 & 3: Possession of Tracts 1, 2 & 3 will be March 1, 2013-due to current lease.

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 Dec. 12, 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. Any trees in the township right of way that require removal will be the responsibility of the purchaser. 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 are agents for the sellers. James H. Pickner–attorney for the sellers. Union County Title closing agent for sellers.

Leonard Zwiep Revocable Trust—owners

John G. De Koster-Trustee

Auctioneers:

Mark Zomer-712-470-2526

  Darrell Vande Vegte-712-726-3428

   Joel R Westra-605-310-6941

Joel A Westra -605-957-5222   

  Pete Atkins 605-351-9847