*Online buyers, please read the complete terms of the auction before you bid.*

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Description Terms of Sale
Item Description: Translate description
Thank you for participating in the Erick & Margaret Loven FARM, HUNTING & LAKESHORE AUCTION. A 6% buyer's premium will apply to this sale.

Auction will be held at
Citizens Alliance Bank Meeting Room
451 Lakeview St, Lake Lillian, MN 56253

 Immediately following the auction, the successful bidder(s) shall enter into a written agreement with the seller and non-refundable earnest monies will be deposited in the Seller's Closing Attorneys Trust Account. $10,000 non refundable earnest money will be required from the buyer immediately following the auction.

Mr. Brad Schmidt from JMSK Law Office will be the seller's closing attorney.

Closing: Friday, October 23rd 11:00 A.M.

Possession: Granted after closing

Land will be sold on a multiplier of 46 deeded acres x the bid. The purchase agreement will be adjusted to a quantity of 45.7 acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.

Sellers will provide a clear and marketable title. Sellers will pay usual sellers costs, state deed tax and deed preparation. Buyers will pay the usual buyer costs, such as title insurance/title opinion, recording fee for the deed and all cost associated with the financing of the purchase. No Contingencies will be allowed from the buyer on this real estate transaction 

Taxes: The Real Estate Taxes and Assessments on record for 2020 will be paid by the seller. Buyers will pay taxes and assessments (if any) in 2021 and beyond. 

Sellers reserve the right to accept or reject any and all bids. 

6% Buyer's Premium will apply to the final accepted bid and will be added to equal full contract price. 

Henslin Auctions, Inc., Henslin Real Estate and Land, LLC. Brokerage and their agents represent the sellers and sellers alone in this transaction. 

Any Announcements made at the auction, whether verbal or written from the Proxibid Agent will take precedence over any and all written material. . The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is". Buyers are purchasing the property as-is, where-is with no warranties or guarantees expressed or impied. 

By placing a bid, you the buyer are agreeing to all the above terms and are legally obligated to fully execute the agreement. 

Special Terms
Property is offered under the specific terms provided in the printed and electronic versions of the auction brochure. Any and all inspections are the responsibility of the buyer prior to auction. Buyer is responsible for reviewing auction listing prior to close of sale to inspect any changes, corrections, or additions to property information. Property is being sold as is. Announcements sale day take precedence. Immediately following the close of the auction, the successful bidder will be required to enter into a purchase agreement. Purchase Agreement will be emailed to address on file and contract must be returned via email or fax. Refer to Lot #0 for specific method and terms for this sale. Bidding on the property is not contingent on financing, appraisal or any other contingencies.

1031 Language will be allowed to be added to the purchase agreement 

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 Thursday, Sep 17, 2020 | 11:00 AM  Central
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*Online buyers, please read the complete terms of the auction before you bid.*
*Online buyers, please read the complete terms of the auction before you bid.*
Lot number: 0
Seller: Henslin Auctions, Inc.
Ends: Thursday, September 17 | 11:00 AM  Central

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