204 st, Iroquois, SD 57247 - Kingsbury County

BROKERS NOTE: This land auction presents a rare opportunity to own 80+/- acres of Kingsbury County farm land that has been in the Samelson Family since 1948! With good

access, this farm is approximately 6 miles northeast of Iroquois/Hwy 14, and has strong soils for an investment or add to an existing operation. According to FSA Information, this parcel contains 75.4 cropland acres with a 39.4 acre corn base with a 40bu direct and 120bu cc yield and a 31.1 acre soybean base with a 34bu direct yield and 40bu cc yield. According to Surety Agridata, the soil rating is strong with an overall rating of .692, predominately comprised of Houdek-Stickney complex with 0-2% slope. If you are looking for productive farm land in northwest Kingsbury County, plan to attend this auction and come prepared to buy.

TERMS: This is a cash sale.Closing will be scheduled on or before May 2nd 2013. Upon acceptance of the sale by the seller, a non-refundable Earnest Money deposit equal to 10% of the sale price due at the conclusion of the auction.If Buyer is not immediately available at the conclusion of the auction, the Purchase Agreement and 10% non-refundable Earnest Money deposit must be complete within 24 hours from the close of the auction. If buyer wants possession day of the sale, a 20% non-refundable earnest money deposit will be required sale day. The balance will be due at closing. Merchantable title will be conveyed and title insurance cost will be divided 50-50 between the buyer and seller.Closing costs are to be split 50-50 buyer and seller. All the 2012 RE taxes payable in 2013 will be paid by the seller. All of the 2013 RE taxes due and payable in 2014 will be paid by the buyer.This property will be free to farm or rent for this years farming season. The seller does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes.FSA yields, bases, payments and other information is estimated and not guaranteed and are subject to County Committee Approval.Information contained herein is deemed to be correct but is not guaranteed.Sold subject to existing easements, restrictions, reservation or highways of record, if any, as well as any or all Kingsbury County Zoning Ordinances.The RE licensees in this transaction stipulate that they are acting as agents for the seller.If a boundary survey is required it will be the responsibility of the purchasers.Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to a 7% buyer premium.This sale is subject to seller confirmation.