Chippewa CountyMinnesota

3/5/2020

Map Center: 44° 53' 33.38, -95° 28' 4.63

Aerial Map

32-117N-38W

0ft 427ft 853ft

Field borders provided by Farm Service Agency as of 5/21/2008.

Legal Description: S ½ SW ¼ of Section 32-117-38 (Stoneham Twp) Chippewa County, MN. Date & Time: Wednesday, April 1, 2020 at 11:00 am Location: Maynard Community Center, 321 Mabel St., Maynard, MN 56260Farm Information: 80 deeded acres, 68.09 tillable acres, CPI 90.1, 2019 Real Estate Taxes $3,070Farm contains internal tile drainage and gently rolling topography. Terms: Sealed bids due at noon on March 31, 2020. Only registered bidders may attend and must be registered to participate in auction. Bidding Sheet, Instructions and Farm Information are available upon request by calling Tyler or Corey at 507-532-5120 or online at www.nfmco.com

60 years in business serving all of Minnesota, Iowa, South and North Dakota.

This information provided herein is received from other sources and is believed to be correct NORTHWESTERN FARM MANAGEMENT COMPANY, Broker does not warrant its accuracy. We strongly suggest you contact the appropriate sources to confirm this information.

Loe Heirs Farm Sealed Bid Auction

301 S. O’Connell St. Marshall, MN 56258 Farm Management • Farm Sales • Farm Appraisals

Contact Tyler Erickson Licensed Real Estate Salesperson

Office: 507-532-5120Cell: 507-227-8402Fax: 507-532-0293

Tyler@nfmco.comLand@nfmco.com • www.nfmco.com

Broker

Contact Corey Prins Licensed Real Estate SalespersonOffice Ph: 507-532-5120

Cell Ph: 507-829-4864Fax: 507-532-0293

Corey@nfmco.comLand@nfmco.com • www.nfmco.com

Chippewa CountyMinnesota

3/5/2020

Map Center: 44° 53' 33.38, -95° 28' 4.63

Aerial Map

32-117N-38W

0ft 427ft 853ft

Field borders provided by Farm Service Agency as of 5/21/2008.

State: MinnesotaChippewaCounty:32-117N-38WLocation:

Township: StonehamAcres: 68.09Date: 3/5/2020

Soils data provided by USDA and NRCS.

Soils Map

Area Symbol: MN023, Soil Area Version: 22Code

Soil Description Acres Percent of field Non­Irr Class Legend Non­Irr Class *c  Productivity Index

J30A Tara silt loam, 1 to 3 percent slopes 19.37 28.4% Ie 99

J46B Byrne silt loam, 1 to 6 percent slopes 19.26 28.3% IIe 90

J51A Bearden­Quam, depressional, complex, 0 to 2 percent slopes 19.06 28.0% IIs 91

J34B Byrne­Buse complex, 2 to 6 percent slopes 7.72 11.3% IIe 90

J77A Lamoure silty clay loam, 0 to 2 percent slopes, frequently flooded 2.68 3.9% VIw 20

Weighted Average 90.1

*c: Using Capabilities Class Dominant Condition Aggregation MethodSoils data provided by USDA and NRCS.

SEALED BID LAND AUCTION

Parcel described as:

South Half of the Southwest Quarter (S ½SW ¼) Section 32, Township 117 N, Range 37 W

(Stoneham Township), Chippewa County, MN.

Times and Dates

Tuesday March 31, 2020

– Bids and earnest money check must be received by Northwestern Farm

Management Company by 12:00 PM (Noon).

Wednesday April 1, 2020

– All persons submitting bids will have opportunity to raise bids at Maynard

Community Center in Maynard, MN at 11:00 AM.

Sealed bid instructions:

1. All potential buyers shall deliver or mail a sealed bid by 12 pm (Noon) Tuesday,

March 31st, 2020 to Northwestern Farm Management Company, Attn: Tyler

Erickson, 301 South O’Connell St., Marshall, MN 56258.

2. Minimum Bid is $320,000 or $4,000 per deeded acre on 80 deeded acres.

3. All bids must be accompanied by a $5,000.00 check for earnest money made out to

Northwestern Farm Management Trust Account.

4. The written bid shall state the total purchase price for the entire property.

5. Only registered bidders may attend and participate in the auction

6. All persons submitting a written bid will be allowed to raise their bid after all bids

have been opened.

7. The property described above will be sold in “As Is and Where Is” condition.

8. 2020 Real Estate Taxes will be paid by Buyer.

9. Possession will be granted immediately after closing. Available to farm in 2020.

10. The successful bidder or bidders will enter into a purchase agreement and shall pay as

earnest money 15% of the successful bid on the day of the auction.

11. The entire balance of the purchase price will be due and payable on or before April

20th

, 2020 at which time marketable title shall be conveyed.

12. Unsuccessful bidders will have checks returned to them at the conclusion of auction.

13. The sellers reserve the right to reject any and all bids and to waive any irregularities

in the bidding.

14. Property to be sold subject to any road, drainage, utility or other easements of record.

15. Announcements the day of the auction take precedent over written material.

BID SHEET FOR LOE HEIRS FARM

Legally described as

South Half of the Southwest Quarter (S ½ SW ¼) Section 32, Township 117 N, Range 37 W

(Stoneham Township), Chippewa County, MN.

Submit bids in writing to:

Northwestern Farm Management Company

Attn: Tyler Erickson

301 South O’Connell Street

Marshall, MN 56258

All bids must be received by 12:00 pm (Noon) Tuesday, March 31, 2020.

Minimum bid is $320,000 or $4,000 per deeded acre

Bid must be accompanied by a $5,000 earnest money check

Total Bid Amount $___________________________

Submit $5,000 earnest money check to Northwestern Farm Management Company Trust Account.

All bidders who have submitted a bid in writing will have opportunity to raise their bid on Wednesday,

April 1, 2020 at the Maynard Community Center in Maynard, MN at 11:00 AM.

Successful bidder will sign purchase agreement at the conclusion of the auction and make earnest money

payment of 15% of final purchase price. Sale is not contingent on buyer financing. Bidders must be

prequalified. Unsuccessful bidders will have $5,000 checks returned to them at conclusion of auction.

Seller reserves the right to refuse any and all offers.

NAME: _______________________ LENDER’S NAME: _______________________

ADDRESS:______________________ ADDRESS:______________________

_______________________ ______________________

PHONE: _______________________ PHONE: _______________________

Email : _______________________ Email : _______________________