ON BEHALF OF THE H. LOWELL SCHMALSHOF TRUST, THELMA M. SCHMALSHOF TRUST AND SULLIVAN AUCTIONEERS, THANK YOU FOR YOUR INTEREST IN THIS LAND AUCTION! METHOD & TERMS Tracts 1-8 will be sold on a price per acre basis. Tracts 1, 2, 3, 7 & 8 will be sold based on taxable acres. Tracts 4, 5 & 6 will be sold based on surveyed acres. Tract 9 will be surveyed and will be sold for the lump sum, total dollar amount. Tract 1 will be sold first. Tracts 2 & 3 will be offered next through the marketing method of “Buyers Choice,” whereas the high bidder can elect either or both tracts 2 & 3 for their high bid. If the high bidder does not elect both tracts, then the remaining tract will be offered. Tracts 4-8 will then be offered through the marketing method of “Buyers Choice”. Tract 9 will be sold last. The tracts will NOT be offered in their entirety at the conclusion of the auction. Immediately following the auction, the successful buyers 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 Tuesday, May 23, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2022 real estate taxes, due and payable in 2023. Buyer will be responsible for the 2023 RE taxes, as they will be getting the 2023 income. Possession will be given at the time of closing for Tracts 4,5,7,8 & 9. Possession for Tracts 1,2,3 & 6 will be subject to a farm tenancy for 2023 only. All tracts sell free and clear for 2023 hunting rights. Contact auction managers for farm lease details. 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, LLC pertaining to this property. Real estate is being sold “AS IS”.
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