September 6, 2012 - 111.65 Acres of Lincoln County, SD Farmland

High Quality 111.65 +/–Acres Lincoln County SD,

Lynn Twp Farmland At Auction

Thursday Sept. 6, 2012–Sale time: 10:30 A.M.

Location: Auction will be held at site of the land. Land is located from Hoogendoorn Construction (located on the West end of Canton SD at Hwy 11 corner) go 3 ¾ miles West on Hwy 18 to beginning of land. Land is located on the North side of Hwy 18. –475^th Ave. borders the West side of the farm.

Auction signs will be posted!

Auctioneers note: We are honored to have been asked and truly appreciate the opportunity to offer at public auction this 111.65 acre tract of farmland for the Bert Baker family. This piece of farmland is known in the area as one of the “CHOICE” pieces of farmland. This attractive 111.65 +/– 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 SW ¼ of Section 13, Twp 98N, Range 50W of the 5^th P.M. Lincoln County, SD except lots 1, 2 & 3 of Bakers Addition in the SW ¼ of Section 13, Twp 98N, Range 50W of the 5^th P.M. subject to public roads and any/all easements/encroachments of record. This land has recently been surveyed and will be sold based on surveyed acres.

General Description: This highly productive 111.65+/–tract of farmland has approx. 108.1 acres of tillable land. This farm will have an approx. corn base of 86 acres with a direct and cc yield of 86 bu and a approx. soybean base of 21.9 acres with a direct and cc yield of 34. The predominant soil types include WHA-Wentworth Chancellor silty clay loam with 0 to 2% slopes and CA-Chancellor Tatonka silty clay loam. This farm according to the Agri Data Program has a soil productivity index rating of 83.2 and a soil rating of .832. The farm is classified as non-hel. There is no housing Eligibilty on this property.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 and excellent drainage. This farm provides a great opportunity for everyone!!

Taxes: According to the Lincoln County Treasurer, the current net Real Estate taxes are approximately $2061.00 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.

Possession: Possession of the farmland will be March 1 of 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 November 1, 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. are agents for the sellers. Maureen McGill Hoogeveen is attorney for the sellers.

Bert Baker Estate—owner

Conrad Baker-personal representative—Jane Kienast –personal representative

Auctioneers:

Mark Zomer- VVZ Realty-712-470-2526

Darrell Vande Vegte- VVZ Realty–712-726-3428

Joel Westra Sr. Westra/Atkins 605-310-6941

Joel Westra Jr.- Westra/Atkins–605-957-5222

Pete Atkins- Westra/Atkins–605-351-9847