40 ... Acres Farm / Recreational / Building Site Property - Sold with NO RESERVE/NO MINIMUM

TERMS & CONDITIONS OF REAL ESTATE AUCTION: Successful bidder will be required to pay $10,000 non-refundable down payment to David L. Veo Realty Trust prior to 3:00pm CST December 1st, 2021. The successful bidder shall enter into a non-contingent “As Is” purchase agreement prepared by David L. Veo Realty, Broker, and pay non-revocable down payment to be held in escrow. The balance will be due at closing, approximately 45 days. The seller will furnish marketable title to said property. The Real Estate will be considered sold when all parties have signed the purchase agreement. Property is not subject to prior sale, is sold “As-Is with All Faults”. All announcements made by the auctioneer take precedence over any previous advertising or oral statements. Jokela Auction Co. and David L. Veo Realty represent the seller in this transaction. Square footage dimensions and acreage amounts are based upon information provided by the seller and are believed to be correct; however, purchaser shall bear the responsibility to confirm all calculations prior to the auction. All information contained in this brochure was derived from sources believed to be correct but is not guaranteed. Jokela Auction Co. & David L. Veo Realty are not responsible for errors or omissions. BUYERS PREMIUM: A 5% Buyers Premium will be added over and above the high bid. This will equal the contract price. Buyers is aware of the current drain tile outlet located on the NorthEast Corner of the subject property. Buyers agrees to grant permission to landowner across the road (remaining 80 acres) to have access for repairs and/or maintenance to the tile. This access easement will be included on the deed at closing. It is the intent of the seller to perform a 1031 exchange. Buyer agrees to sign all necessary documents to complete the 1031 at no additional cost to the buyer.