SD Cropland Auction
Auction Date: Tu. Nov. 23, 2021 - 11 AM
Auction Location: On-Site - Northeast of Frankfort, SD
Online Bidding Opens: Su. Nov. 21, 2021
Legal: SW4 & E2 (Less Lot 1 of the Jacobs-Christopherson Subdivision) Sec. 4-T118N-R62W, Clifton Twp, Spink Co. SD
Owners: William Jacobs, Jason Jacobs, & Christopher Jacobs
Closing, legal title, and hunting rights to take place on or before December 28, 2021. This property is sold subject to the terms & conditions of lease expiring February 28, 2022. Possession to transfer March 1, 2022, and this property is free and clear to farm or rent for the 2022 Crop Year. Upon acceptance of the sale by the sellers, a non-refundable earnest money deposit equal to 10% will be due at the conclusion of the sale. If the buyer is not immediately available at the conclusion of the auction, the purchase agreement and non-refundable earnest money deposit must be complete within 24 hours from the close of the auction. 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. The 2020 RE Taxes due and payable in 2021 will be paid by the seller. The 2021 RE Taxes due and payable in 2022 will be paid by the seller as a credit to the buyer at closing based on the most current tax information. 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 are 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, reservations, or highways of record, if any, as well as any or all Spink County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Announcements made day of sale take precedence over any written materials. This is a cash sale. Property is sold as is. This sale is subject to seller confirmation and 5% Buyer’s Premium. Not responsible for accidents.