TERMS:

TERMS: This is a cash sale. Closing and landlord possession will be on or before December 5th, 2016, as this land is sold subject to a lease expiring March 31, 2017. There will be a total fencing credit of $5,500 split between Tract 2 and 3 (see tracts for appropriate amount). If Tracts 2 & 3 are sold to separate buyers there will be a drainage easement over Tract 3 (Pasture) granted to the buyer on Tract 2 (Crop Land) for the rights to install a drain tile outlet into the water ditch. 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. 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 of the 2015 RE taxes due and payable in 2016 will be paid by the seller. The 2016 real estate taxes due in 2017 will be payed by the seller as a credit at closing based on previous year’s taxes. 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. On Tract 1, the home site will be surveyed out. If Tracts 2 & 3 are sold to separate buyers, total acres will be sold subject to a survey/approved plat and will be paid by the seller, with closing to occur after such plat approval. If there is one buyer on both tracts, a survey will be the purchasers responsibility if needed or requested. 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, reservations or highways of record, if any, as well as any or all Brookings 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. Said property is sold as is. This sale is subject to seller confirmation. Not responsible for accidents.