Cash or conventional financing only. Selling as is. ANNOUNCEMENTS AND STATEMENTS MADE BY NEW LONDON REAL ESTATE AT AND/OR DURING THE AUCTION WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR OTHER ORAL STATEMENTS. PROSPECTIVE BUYERS ARE ADVISED TO CONSULT WITH AN ATTORNEY OF THEIR CHOICE, WITH RESPECT TO THE PURCHASE OF ANY REAL PROPERTY INCLUDING, BUT NOT LIMITED TO, SEEKING LEGAL ADVICE FROM THEIR OWN ATTORNEY REGARDING DISCLOSURES AND DISCLAIMERS SET FORTH BELOW. AUCTION DATE & TIME: September 10th, 8:00am – September 12, 2024, 3:00pm (CST) AUCTION LOCATION: Online Only AUCTION FORMAT: This auction is an Online Only Auction, the property will be offered for sale to the highest bidder(s) and will be sold subject to seller confirmation. Our goal is to realize the highest return to the seller and to satisfy all interested parties by allowing bidders who are interested to have the same opportunity. Bidding is allowed to all registered bidders. Bidders will be required to pre-register online and provide the required information in order to receive bidder authorization. All bidding is open to the public. AUCTION PROCEDURES: The conduct of the auction and increments of bidding are at the direction and discretion of New London Real Estate. Announcements made by New London Real Estate representatives, or auctioneer, supersede all previously printed material. The auction is open to registered bidders. In the event of a dispute between bidders, the Auctioneer shall make the final decision to accept the final bid, to re-offer, and resell the property, or to remove the property from the auction. If any disputes should arise following the auction, the Auctioneer’s records shall be conclusive. Property(ies) are sold AS IS, WHERE IS, with NO Contingencies allowed. AUCTION REGISTRATION: All parties seeking to bid on the properties offered at auction must register online at NewLondonRealEstateinc.hibid.com prior to the auction conclusion. Bidders are encouraged and may register prior to the auction. Same-day registration will be allowed, and bidders should allow enough time to register and receive a bidding number prior to the auction. All bidders will be required to complete a statement (“Bidders Registration”) prior to the commencement of bidding that the bidder has inspected the property and sale documents and is financially capable of closing the transaction. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, national origin, or handicap. ***We use credit card verification to confirm bidder authenticity. Please note any verification amounts are immediately credited back to your account.*** REQUIREMENTS OF THE HIGH BIDDER(S): Immediately following the conclusion of the auction, the highest bidder(s) shall enter into and sign a Minnesota Real Estate Buy/Sell Contract for the amount of the winning bid, plus buyer’s premium. Required earnest money deposit to be in the form of wired funds, a personal, business, or corporate check for a minimum of 10% non-refundable earnest money (per contract), which is due upon the signing of the contract and to be deposited with TBD in Willmar, MN. The purchase contract shall not be contingent upon inspection, appraisal, or financing and shall be a Specific Performance contract. The properties will be sold without buyers’ contingencies of any kind, so make sure your financial arrangements are secure prior to bidding. The terms and conditions of the detailed brochure and oral announcements shall be incorporated into and made part of this contract. CLOSING: Purchaser(s) shall pay in cash, electronic transfer funds, or cashier’s check (Good Funds), the balance of purchase price (purchase price less earnest money deposit), plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before October 14th 2024. Closing is to be conducted by TBD and the closing agent fees are to be split equally between Sellers and Purchaser(s). All 2024 real estate taxes will be prorated between the sellers and the buyers based on the closing date. Sellers will pay for updating the abstract(s) and will provide them to the buyers at closing. The buyer will be responsible for any title opinion or title insurance costs, applicable recording fees and the buyer’s closing fees. POSSESSION: Possession of property upon completion of closing. PROPERTY CONDITION: The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, and its condition, and to rely on their own conclusions. The property is being sold AS IS, WHERE IS, without warranty, representation, or recourse to Sellers or Seller's Agents. TITLE: Sellers to pass title by Warranty Deed. The Purchaser(s) is to receive a TBD title commitment within the Property Information Packet, updated title commitment with the Purchaser(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner’s title insurance policy in an amount equal to the Purchase Price after closing. Title Insurance is to be used as evidence of marketable title and the cost of the premiums is to be that of the Sellers. Property to be sold subject to existing roads and highways; established easements and rights-of-ways; other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments will be available prior to closing. REAL ESTATE TAXES: Taxes shall be prorated to the Day of Closing with Sellers paying all taxes prior to closing. LEGAL DESCRIPTION: Parcel Number(s) A full legal description is available and will be provided as part of the purchase agreement at the close of the auction. ACREAGES: All stated acreages are approximate and are obtained from either the county tax records, current legal descriptions, and/or aerial photos, and FSA information. No warranty is expressed or implied as to the exact acreages of the property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in the purchase price of the acreage that is different from what is stated in this brochure and/or stated at the auction. The detailed brochure includes the estimated taxed acres. All price per acre calculations in the initial brochure, detailed brochure, and visual presentation at the auction are based on the TBD County, Minnesota Assessor records. Any crop, base, and harvest numbers are from FSA and NRCS dry land measurements. Mineral rights, if any, held by the seller will be transferred upon closing. However, the seller does not warrant the amount or adequacy of the mineral rights. ANNOUNCEMENTS: New London Real Estate and all other agents of the Broker are or will be acting as a Seller’s Broker unless noted otherwise. This is a Seller confirmation auction. The information contained herein has either been given to us by the owners of the properties or obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. New London Real Estate and the Sellers assume no responsibility for the omissions, corrections, or withdrawals. The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property and its condition and to rely on their own conclusions. All property is to be sold AS IS, WHERE IS, without warranty, representation, or recourse to Sellers. Property is to be sold by the Deeded Acre (Bid Price x Deeded Acres) or (Price Per Entire Parcel) Upon completion of the auction, a 6% buyer’s premium will be added to the final bid price to determine the total contract sale price. The purchase contract shall NOT be contingent upon any inspections, appraisal, or financing and shall be a Specific Performance contract. This will be a Soft Close Auction, any bid placed within the final 5 minutes (300 seconds) of the auction will extend the auction an additional 5 minutes. Bid extensions will continue and the auction will only stop once there have been no bids for 5 minutes. Announcements made by New London Real Estate at the time of sale will take precedence over any previously printed material or other oral statements. New London Real Estate reserves the right to request bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker and/or Auctioneer.