#00 • Nokleby
Part of Nokleby (live auction by Fladeboe Land)
The Nokleby Farmland Auction - Two Parcels of Chippewa Co Farmland: Parcel 1: 80.14 Surveyed Acres, 72.80+/- Tillable (FSA) Acres, 0.85 CRP Acres, located in part of the S1/2 of the SE1/4 of Section 17, Twp 119 (Mandt Twp), Range 40. Parcel 2: 79.86 Surveyed Acres, 77.21+/- Tillable (FSA) Acres, located in the N1/2 of the NW1/4 of Section 33, Twp 119 (Mandt Twp), Range 40. See surveys for exact legal descriptions. Announcements/Terms: Agency: Fladeboe Land discloses that we are representing the seller exclusively in these transactions. The seller will have the right to accept or reject the high bids when the auction concludes. AS-IS: You are buying these parcels strictly “As-Is - Where-Is.” Non-Contingent: You are buying these parcels non-contingent. Possession and Lease: The buyer(s) will take possession of the land after the closing(s). The new owner(s) will be able to farm these parcels in 2025 and after. The 2024 crop belongs to the current tenant. The 2024 cash rent belongs to the seller. Fall Tillage: The fall tillage has been completed. Buyer’s Premium: There will be a 4% buyer’s premium added over and above the bid prices on both parcels at the conclusion of the auction to create the contract prices. The purchase agreement amounts will be the total bid price, plus the buyer’s premium. Page 10 Earnest Money: The successful bidder(s) will pay down today a non-refundable cashier’s check in the amount of $40,000 per parcel. ($40,000 for Parcel 1 and $40,000 for Parcel 2.) The balance of the money is due and payable on the date of closing. Clear title will be given to the new buyer. Failure of performance by the buyer would require forfeiture of the earnest money. The closing(s) will be required to happen on or before December 27th, 2024, with Attorney Janice Nelson in Montevideo, MN. Abstracts: The seller will be responsible to pay for updating the abstracts and will provide one to the buyer(s). The buyer(s) will be responsible for any title opinion or title insurance costs (amt. unknown), any applicable recording fees and the buyer’s closing fee. Real Estate Taxes: All property taxes due and payable in 2024, as well as prior years, have been paid in full by the seller. All real estate taxes and possible special assessments due and payable in 2025 and after shall paid by the buyer(s). Both parcels currently have a Relative Ag Homestead status. It’s the buyer’s responsibility to file for homestead rights, if they qualify. Zoning: The seller, Fladeboe Land, and Chippewa County will not be held accountable or responsible for your future property plans, for example, building entitlements, selling, etc. It is the buyer’s responsibility to contact the appropriate County Zoning Office to confirm the eligibility of future building plans and/or changes from the current use of the property. Private Tile/Drainage: Private tile maps are included in the buyer’s information packet to the best of the seller’s knowledge. Additional maps regarding county drainage are also included in the buyer’s packet. The information is believed to be correct, but the seller and Fladeboe Land are not guaranteeing these maps. The information is also available at FladeboeLand.com and BidWrangler. FSA/NRCS: FSA & NRCS information is available in your buyer’s packet and at FladeboeLand.com and BidWrangler. According to the Chippewa Co. NRCS Office, the Wetland Determinations for both parcels are considered certified based on date. Both are labeled as NW, which is non-wetland. If the buyer(s) decides to improve the parcel(s) with tile, it will be up to a buyer’s own due diligence to discuss the plans with the NRCS Office. CRP Contract: The buyer of Parcel 1 will be required to assume the CRP Contract. There are 0.85 CRP acres located in Parcel 1 with the contract period ending 9-30-2026. The CRP payment will be prorated between the buyer and seller based on the recording date of the deed. Page 11 Easements: Copies of easements that have been recorded at the Chippewa County Recorder’s Office pertaining to these parcels have been included in the buyer’s booklet available onsite today. This information is also available on BidWrangler.com, as well as online at FladeboeLand.com. All easements run with the land. Survey: The land has been surveyed by O’Malley & Kron Land Surveyors Inc. Copies of the surveys are available in the buyer’s booklet and on FladeboeLand.com and BidWrangler. Acreage: We are representing Parcel 1 as 80.14 deeded/surveyed acres, 72.80+/- tillable acres as per FSA, and 0.85 CRP Acres. We are representing Parcel 2 as 79.86 deeded/surveyed acres, 77.21+/- tillable acres as per FSA. We will auction these parcels by the deeded/surveyed acre. The successful buyer will be multiplying what they paid per deeded/surveyed acre by the number of acres. The buyer’s premium will then be added to the total bid price amount, which combined will be the contract price that will be listed in the purchase agreement. (Bid amount per acre x the number of deeded/surveyed acres + buyer’s premium total = Total amount to be paid and the amount that will be listed on the purchase agreement.) Disclosures: All information obtained for this auction is from reliable sources. However, the seller, auctioneers and agents do not accept responsibility for the information presented, as it is the buyer’s responsibility to verify all information. On behalf of the Nokleby Family, thank you for your participation in this auction. I have read and understand these announcements/terms, which are a part of the purchase agreement, specifically pages numbered 10-12. __________________________________________________________________ (Sign and date above) __________________________________________________________________ (Sign and date above) Page 12
