Farmland Auction in Southern Minnesota and Northern Iowa

SOLD! Farmland Auction

Owners: William & Ardene Post MN Real Estate Trust

Sale Date: Thursday, November 19, 2020 @ 10:00 A.M.

Sale Location: Lakefield American Legion Hall at 413 Main Street in Lakefield, MN

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Location: From the I-90 interstate exit at Lakefield, Minnesota 1-1/2 miles south on Highway #86 to Jackson County #34, then 2-1/2 miles west. Watch for auction signs.

Legal Description: Northwest Quarter except West 50 Acres in Section Twenty Five (25), Township One Hundred Two (102) North (Rost Township), Range Thirty-Seven (37) West Jackson County, Minnesota.

Jackson County Parcel #15.025.0300.

Method of Sale: Live Public Auction at the Lakefiled American Legion Hall at 413 Main Street in Lakefield, Minnesota on Thursday, November 19th at 10:00 A.M. (In case of Inclement Weather/Blizzard back up date would be 11/20/2020 at the same time. Watch our web site for updates should weather be poor.)

Method of Bidding: Live Public Auction

Possession: 2021 Crop Year

Terms: The property will be offered in One – 110-acre tract. The Buyer or Buyers shall enter into a purchase agreement and make a 20% Non-Refundable down-payment the day of the auction. The closing shall be held on December 29, 2020 with the balance being due and payable in full at closing. Farm is being sold subject to a cropland lease for 2020 with the Sellers retaining the 2020 lease. The sale will NOT be contingent upon any buyer financing. The buyer is responsible for all real estate taxes that are due and payable in 2021 and thereafter. Property is being sold “AS IS”, Property is being sold subject to any easements including road, drainage, utility or other easements of record or pending. The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statues. The buyers are responsible for all inspections of the property prior to their purchase of it. The sale is subject to the seller’s approval. Any statements made at the auction may take precedence over any printed information. Auction Company & Staff represent the seller in this transaction.

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