Auctioneers Note: Our company is honored to have been selected to offer this great tract of farmland for sale at public auction! This is a great opportunity to expand your current operation or investment portfolio! Call an auctioneer listed below today to receive a full informational packet! Auction will be held at the Adrian, MN Country Golf Club parking lot (849 Maine Ave., Adrian, MN).

Abbreviated Legal Description: The W1/2 of the NE1/4 of Section 3, TWP 103N, Range 43W, Nobles County, MN to be described by survey. Subject to all public easements and roadways of record.

General description: According to the Nobles County Assessor, this property contains 81.59+/- gross acres of farmland to be determined by certified survey. According to FSA, this property contains approx. 82.86+/- tillable acres (to be adjusted after survey) with the remainder in road and ditch. This farm has a corn base of 42 acres with a PLC yield of 161bu. And a soybean base of 40.86 acres with a PLC yield of 44bu. The tillable farmland is classified as NHEL. The predominant soil types include: P12B-Everly, P28A-Ransom, P29A-Rushmore, P43A-Wilmonton, P30B-Sac. According to Agri-Data this farm has a productivity index rating of 94.7 and a county CER rating of 74.69! Make plans today to attend this auction! This is an inside tract of land which is all tillable except for the road and ditch. This farm is leased for the 2022 crop year and the buyer shall receive the full rent for 2022 at closing and the seller will also be subsidizing the current rent!! Call for details! Call today for a full informational brochure on this property!

Method of sale: Farm will be sold with the final bid x the final gross surveyed acres. Farm will be surveyed prior to auction. Auction will be held at the Adrian, MN Country Golf Club parking lot (849 Maine Ave., Adrian, MN)

Taxes: The current Real Estate Taxes according to the Nobles County Treasurer are approx. $2,884.00 per year. Seller will pay the 2021 RE taxes when due and payable

Possession: Possession of the farm will be on March 1, 2023 due to the current farm lease. Buyer will receive the full rent for the 2022 crop year at closing and will also receive a rent subsidy from the seller. Purchaser shall be responsible to terminate the existing lease on the property per MN Statutes.

Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit which will be payable to Nobles County Abstract & Title, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before June 2, 2022. Seller will provide marketable title to the property. Owners title insurance policy and closing fees will be split 50/50 between the buyer and seller. Abstract will not be provided. Closing will be conducted by Nobles County Abstract & Title. Purchaser shall be responsible to terminate the existing lease on the property per MN Statutes. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to MN statutes. If buyer delays closing penalties will apply. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below.

Marvin W. Kanengieter Trust- Owner