Lot # : 1 - Land & Shop Building-Potential Home Building Site

PROCEDURE: Bidding begins to close Tuesday, August 3, 2021 at 2:00 P.M., with a soft close. Any bid placed in the final 3 minutes of an auction results in the auction automatically extending an additional 3 minutes. The bidding will extend in 3-minute increments from the time the last bid is placed until there are no more bids and the lot sits idle for 3 minutes. Therefore, the auction will not close until all biding parties are satisfied, and no one can be outbid in the last seconds without having another opportunity to bid again. TERMS: This is a cash sale, which means potential purchasers must have their financial arrangements secured prior to bidding. The sale of this property is not contingent upon Purchaser(s) obtaining financing. All financial arrangements are to have been made prior to bidding at the auction. By bidding, the bidder makes representation that the bidder has the present ability to pay the bid price and fulfill the Real Estate Contract. The high bid will only be considered binding upon the seller when seller signs the Purchase Agreement. Whether or not the bidding Internet platform indicated "sold" or "closed" the acceptance of high bid is only binding upon seller when seller signs the Purchase Agreement. Immediately upon the conclusion of the auction, the successful bidder(s) will be required to sign a real estate purchase contract and to deposit with RE Broker/Auctioneer, a nonrefundable earnest money payment of five (5) percent of the total purchase price. The earnest money payment will be made payable to Thorpe Realty & Auction Trust Account. Balance of the purchase price is due in certified funds upon closing, on or before September 3, 2021. Property is selling in "as is" condition. 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. Owner's title insurance will be provided with the cost of the owner's policy shared equally between the Purchaser & Seller. Titles of Dakota will be the closing agent and their closing service fee will be split equally between Purchaser and Seller. Seller is responsible for the 2020 real estate taxes payable in 2021. 2021 Real estate taxes payable in 2022 shall be prorated to date of closing. Tax proration will be based on the previous year's taxes. Land is sold subject to tenant's rights for the 2021 crop year. Seller will receive crop share for 2021. Purchaser receives full possession for 2022 crop year. Seller will convey to the Purchaser all oil, gas and mineral rights related to the Property. Seller makes no representation and does not warrant the nature and extent of such interests. Thorpe Realty & Auction is representing the Seller exclusively. DISCLAIMER: The property is currently zoned Agriculture Preservation Distrist (Ag land). New structure building would require a rezone depending on future use of the property. 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. Information contained herein is deemed to be correct but not guaranteed. Thorpe Realty & Auction is providing Internet bidding as a service to the Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall Bidder have any kind of claim against Thorpe Realty & Auction or anyone else if the Internet service fails to work correctly before or during the auction. Thorpe Realty & Auction reserves the right to preclude any person from bidding if there is any question as to the person's credentials, legal competence, etc. All decisions of the auctioneer are final.