Setzepfandt Sale Bill

LOCATION & GENERAL INFORMATION

The Setzepfandt Farms are located in Section 25, T114N- R34W, Norfolk Township, Sections 29 & 32, T114N-R33W, Palmyra Township, & Sections 6 & 8, T113N-R33W, Bandon Township, Renville County, Minnesota. All tracts are generally located 8 miles south of Bird Island, MN or 7 miles north of Franklin, MN (Bird Island, MN is located approximately 30 miles south of Willmar, MN). Mark your calendars now to participate in this Major West Central Minnesota Land Auction in Renville County! All tracts feature top quality soils with strong CPI ratings from 91 to 96.2! The tracts lay very well with excellent farm ability and are relatively in close proximity to each other, offering great access to major roads. We urge you to check out these top quality farms that have been in the Setzepfandt Family for nearly 70 years! AUCTION TO BE CONDUCTED AS A VIRTUAL, ONLINE AUCTION. IF YOU NEED ASSISTANCE WITH BIDDING, PLEASE CONTACT OUR OFFICE AT (844) 847 - 2161 ADDITIONAL INFORMATION, PHOTOS & BIDDING AVAILABLE ONLINE: www.SullivanAuctioneers.com

METHOD & TERMS

The Setzepfandt farm will be sold on a price per acre basis, based on surveyed acres. All tracts will be offered through the marketing method of “Buyer’s Choice”, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered “Buyer’s Choice” until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Wednesday, October 29, 2025. The seller will provide an abstract showing clear and marketable title. Buyer responsible for title insurance if desired. Seller will pay all the 2025 real estate taxes. Buyer will pay all 2026 taxes and beyond. Seller will retain all farm rental income for 2025, including any CRP payments for the 2025 year. Buyer will receive possession after the 2025 crop has been removed. New buyer will be responsible for fall tillage. Open lease for 2026 crop year and beyond. Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property. All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers pertaining to this property. Real estate is being sold “AS IS”.

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