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Tract 1 – 51 acres± (subject to survey)
Tract 2 – 2 acres± (subject to survey)
METHOD & TERMS
The Lorentson Property will be sold in 2 individual tracts, based on a survey that is currently in progress, with the said surveyed acres being used to constitute the final settlement price. Tract 1 will be sold first on a price per acre basis. Tract 2 will be sold next for a Lump Sum, total dollar amount. The tracts will NOT be offered in their entirety or in any combinations at the conclusion of the auction.
Ten (10%) percent of the bid price to be due on the day of sale with the balance due upon delivery of merchantable title. Closing is scheduled to be in approximately 30 days, on or before Friday, October 18, 2019. Immediately following the auction, the successful bidder shall enter into a written agreement with the seller. The real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing subject to a farm lease for the 2019 crop year. The farm sells with full farming rights for the 2020 crop year.
All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate, however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.
Representing Attorney: David Hvistendahl, Hvistendahl, Moersch, Dorsey & Hahn P.A., 311 Water St. S.,
Northfield, MN 55057, Phone: (507) 645-9358
Rice County Minnesota Land Auction
For more information, call:
Questions about this auction? Phone 217.847.2160 or email our office at [email protected].
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