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  • Published Date

    September 11, 2018
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PRIME FARMLAND FOR SALE BY SEALED BIDS Lynn A. Johnson Law Office, LLC September 18, 2018 at 10:00 a.m PO Box 217, Slayton, MN 56172 P: 507-836-6757; email lynnj1@frontiernet.net LEGAL DESCRIPTION: The Northwest Quarter (NW%) less North 333' of West 325' Section 14-106-41 Township One Hundred Six (106) North Range Forty-One (41) West of the 6th P.M. Murray County, Minnesota FARM INFORMATION: The property is a 157.51 acre unimproved tract of farmland, which includes approximately 155.01 tillable acres and 2.50 Road Right of Way acres. The till able acres are currently farmed in a corn and soybean rotation. The farm has a Corn Base of 77.30 acres, with a PLC yield of 173 bushels and a Soybean Base of 72.90 bushels with a PLC yield of 45 bushels. CER is 71.79 and CPI is 87.60 The property is bordered by County Blacktop Road (#30/10 1st Street) to the orth, with cropland bordering the South and East property lines, and resi dential housing and grassland along the west property line. The farm also is accessible from 101st Street. METHOD OF SALE aled bids, with the privilege of increasing the same, will be received at Lynn A. Johnson Law Office, LLC, either by delivering the bids or by mailing the bids to her office at P. O. Box 217, Slayton, MN 56172 on or before September 18, 2018 at 10:00 a.m. At such time, the bids will be opened and all bidders pres ent will be allowed to increase their bid until the successful high bid is reached and approved by the seller. TERMSOF SALE: The successful bidder will be required to enter into a written purchase agree ment along with a lender pre-approved letter or a proof of funds letter nest money payment will be due immediately after the sale from the successful bidder. Buyer will enter into a purchase agreement A 10% non-refundable ear immediately after the sale The balance of the purchase price is due and payable at closing. Closing will be held within ninety (90) days of the sale date, at the office of Lynn A. Johnson Law Office, LLC. Sellers will provide marketable title to Buyer as evidenced by an Abstract of Title continued and certified to date. 2018 Real Estate Taxes will be paid by the Seller. Buyer will be able to prepare the land for 2019 crop once all 2018 crops have been harvested and removed. Seller reserves the right to reject any and all bids. Lynn A. Johnson, Attorney for the Arlene Johansen family.