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Auction Date: Monday, August 26, 2019 @ 10:00 AM CST
Auction Location: Presho Fire Hall, 100 E 9th St., Presho, SD
This will be a live off-site auction with pre-bidding & online bidding available. Online bidders must pre-register at danclarkauctions.hibid.com
This real estate property will be offered as four separate tracts, and will not be offered in any combinations or as a whole.
Property Location: From Presho, SD go east on SD Hwy 16 to the junction of US Hwy 183 & SD Hwy 16, then go South on US Hwy 183, 4.75 miles. Auction signs will mark the property.
Auctioneer Note: Dan Clark Auction & Realty, LLC has been given the honor to sell at a public auction these very attractive parcels of land that could serve as an excellent addition to any farming or livestock operation as well as a hunting or investment property. This property will be sold by the acre, based on the acres as stated on the county tax records, with the acres understood to be “more or less”.
Seller: Jenson-Wise Family LP
Legal & Physical Descriptions:
Tract 1 – The E ½ of Section nine (9), Township one-hundred four (104) North, Range seventy-seven (77) West of the 5th PM, Liberty Township, Lyman County, South Dakota.
Tract 2 – The SW ¼ of Section four (4), Township one-hundred four (104) North, Range seventy-seven (77) West of the 5th PM , Liberty Township, Lyman County, South Dakota.
Tract 3 – The NW ¼, Less ROW, Section ten (10), Township one-hundred four (104) North, Range seventy-seven (77) West of the 5th PM, Liberty Township, Lyman County, South Dakota.
Tract 4 – The NE ¼ Section ten (10), Township one-hundred four (104) North, Range seventy-seven (77) West of the 5th PM, Liberty Township, Lyman County, South Dakota.
Terms & Conditions:
This is a cash sale, which means potential buyers must have their financial arrangements secured prior to bidding. There will be no buyer contingencies offered or accepted for financing, inspections, or appraisals. Immediately upon the conclusion of the auction, the successful bidder(s) will be required to sign real estate purchase contract and to deposit with RE Broker/Auctioneer, a nonrefundable earnest money payment of ten (10) percent of the total purchase price. The earnest money payment will be made payable to the closing agency, Lyman County Title Company, PO Box 5, Kennebec, SD 57544. Balance of the purchase price is due in certified funds at closing on or before October 1, 2019. Buyer will receive full possession of this property after final payment has been made at closing.
Conveyance of marketable title will be transferred by Warranty Deed, free and clear of liens but subject to easements, reservations, and exceptions of record as well as statutory rights of way and other recorded easements at the time of sale. Owners’ title insurance policy will be provided to the buyer for examination prior to the auction. Cost of title insurance and closing fees will be divided equally 50% buyer & 50% seller.
This property is sold AS-IS / WHERE-IS. Property is being sold by legal descriptions only. Should a property survey become necessary, it will be at the buyers’ expense. Seller(s) do not warranty or guarantee the property boundaries are accurate. Any new boundary survey will be the responsibility of the Purchaser, pursuant to South Dakota statutes. All mineral rights (if any) owned by Seller will be transferred to the Buyer(s). All hunting rights will be transferred to the buyer(s) at the date of the closing. This property will be offered at the live auction by _X_ amount of dollars per acre times the taxable acres of each parcel equals (=) total dollars $__________________.
Property information provided was obtained from sources deemed reliable, however, the Seller(s) and Broker/Auctioneer are not making any guarantees to its accuracy. Potential buyers are encouraged to conduct both on-site and off-site inspections of the property to the extent deemed necessary and rely upon their own pre-auction inspection when bidding. The fence separating Tract 3 & Tract 4 may or may not be in the correct location. It is recommended the buyer(s) have a survey done at their own expense. The Auctioneer may accept absentee, phone or internet bids from bidders who cannot attend the auction. Bidding remotely does not guarantee anonymity. Video and audio recording devices will be in use during the auction which may be broadcast via the internet or used in other places. Winning bidder(s) acknowledges that they are representing themselves or have hired representation using their own financial means to complete the auction sales transaction. Dan Clark – Responsible Broker and associated licensees are acting as agents for the Seller and will be representing only the Seller’s interest in this transaction. Statements made day of sale take precedence over all written material. This property is being sold subject to the Seller’s approval. The Sellers reserve the right to accept or reject any and all bids.
All 2019 crops and hay will be retained by current lessee. All crops and hay will be removed from property before the closing date.
Tax Peroration: All the 2018 & prior years RE taxes will be paid in full by the Seller(s). The 2019 taxes will be prorated to the date of closing.
Inspection – Showing Dates: Auction signs will mark the property. Potential buyers may inspect the property at their own convenience. Please be respectful!! Private showings may be done by calling Dan Clark Auction & Realty, LLC (605) 842-3300 to schedule an appointment.
Soil information is provided by Surety® Agridata™. Crop and base acres information is provided from USDA Farm Service Agency.