Acreage Site: $51,975
SW MN Land & Acreage Auction
Auction Date: Thursday, September 9, 2021 * 11AM
Auction Location: On-Site - 1967 250th St. Ivanhoe, MN 56142
Legal: NE4 Sec. 21-T111N-R45W, Ash Lake Twp., Lincoln County, MN
Owners: Clarence Lietz Heirs
Closing to take place on or before October 13, 2021. Tract 1 possession to take place at closing. Tract 2 is under lease expiring December 31, 2021, and is free to farm or rent in 2022. However, landlord possession will be given at closing. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% of the purchase price 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 taxes due and payable in 2022 will be prorated to the day of closing using the most current tax information available. 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 MN 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 Lincoln County, Minnesota Zoning Ordinances. In the event that there are different buyers, there will be a drain tile easement (Tract 2 over Tract 1) put in place at the time of closing to ensure future access, outlets, and maintenance. A survey/plat will be conducted for the farm site (Tract 1) in the event there are separate buyers, the costs will be split equally between buyers and seller. Once the survey is completed, the purchase price will be adjusted appropriately on acre adjustments on Tract 2 only. Closing may be extended based on county approval for the plat/survey. 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. Said property is sold as is. This is a cash sale. Subject to 5% Buyer Premium. This sale is subject to seller confirmation. Not responsible for accidents.