Mitchell Land Booklet

We are honored to offer and present for sale at auc on the

Maurice & Hilda Mitchell Estates 1080+/‐ acres of Farm & Ranch Land Rose Hill Township of Co onwood County, Minnesota.

Double M Ranch

FARM and RANCH LAND AUCTION

Friday, January 9, 2015 at 10:00 A.M. In case of very inclement weather, please check our web site at www.danpikeauc on.com for details.

The alternate blizzard storm date would be Friday, January 16, 2015 @ 10:00 A.M., but please check our web site for updates!

Sale Loca on: The auc on will be held at the Westbrook Community Center in Westbrook, Minnesota

Auc on Conducted By Dan Pike & Associates Auc on Company 410 Springfield Parkway Jackson, MN. 507‐847‐3468 www.danpikeauc on.com Serving auc on clients in since 1975.

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Auction Introduction Dan Pike Auction Company, is pleased to offer the Maurice & Hilda Mitchell Estates 1080+/- acres of Southwestern Minnesota Ranch & Farm Land for sale at public auction on Friday, January 9, 2015 at 10:00 A.M. in Westbrook, Minnesota.

This is an unprecedented opportunity to purchase good quality Southwestern Minnesota Ranch & Farm Land at public auction. This property will be offered for sale in approximately 7 separate tracts. These tracts are contiguous and could be put kept together for one large ranch farm unit or could be added as individual smaller tracts to your farming operations or your investment portfolios. These tracts offer good quality soil types that are good for conventional row crop farming practices, excellent pasture land and three improved building sites. Two of the building sites offer nice modern homes and many other improvements that are well suited for cattle production.

Auction Terms All bidders MUST register at the auction for a bidding number with driver’s license identification. The successful bidders / buyers at the conclusion of the auction, will be required to enter into a Purchase Agreement / Contract and shall make a 20% NON-refundable earnest money down-payment the day of the auction. The sale will NOT be contingent upon any buyer financing or any other contingencies of the buyers. All unpaid contract balances shall be due and payable in full on or before March 16, 2015. Clear title will be granted upon closing. The buyer will have possession of the farmland and pastures for 2015 crop year and the building sites on July 1, 2015. The seller shall pay all real estate taxes that are due and payable in 2014 and the buyers shall pay all real estate taxes in 2015 and thereafter. All Properties are being sold “AS IS”, with no implied guarantee's or warranties whatsoever, except clear title. Property is being sold subject to any easements including road, drainage, utility or other easements of record. Upon completion of the signed purchase agreement, buyers will have the right to conduct fall tillage/fertilizer per terms of the agreement. The buyers are solely responsible for all inspections of the properties prior to their purchase and agree that they are purchasing the properties “AS IS”. The sale of each tract of land is subject to the seller’s approval. Seller reserves the right to accept or reject any or all bids. Seller reserves the right to offer tracts in any combination or manner that will benefit the seller. Any statements made at the auction may take precedence over any printed information. The seller and auction company reserve the right to offer these properties in any combination they so desire, which may vary from advertising materials. The Dan Pike & Associates Auction Company and staff represent the sellers solely with this auction and the sale of these properties.

PROPERTY LOCATION These properties are located from the junction of Highway #30 & County Road #7 at Westbrook, Minnesota 4 miles south and 1 mile east.

See plat map above and look for auction signs on County road #7.

METHOD OF SALE The real estate will be offered as a ‘MULTI-PARCEL” auction using our multi–parcel board bidding system. There will be open bidding on all tracts during the auction. Auction procedure and increments of bidding are at the discretion of the auction company. Any announcements made by the auction company the day of the auction take precedence over any print information.

PROPERTY INSPECTION Auction sales staff will be available on site on Friday, December 19, 2014 from 10:00 A.M. to 12:00 P.M. (Noon) for your inspection of the land and the improvements. Other inspections will be by appointment only with either Dan Pike at 507-847-3468, Murl Rupp at 507-829-3633 or Randy Eisfeld at 507-828-2440

Method of Sale The properties will be offered by farm groups as separate tracts via our multi-parcel board bidding system. Each tract will be offered independent from each other. On the first day November 1, 2012, we will begin with offering Farm Group #1 containing 3 separate tracts, followed by Farm Groups #2 & #3 with their respective tracts. On the second day November 2, 2012, we will begin with offering Farm Group #4 containing 4 separate tracts, followed by Farm Group #5 with 2 separate tracts of land.

Further Information Please review the brochure and call us or e-mail us with any questions. You can contact Dan Pike Auction Company at 507-847-3468 or www.dan@danpikeauction.com.

Disclaimer Dan Pike Auction Co. stipulate that they are representing the seller exclusively in this transaction. With regard to any parcel splits, the calculations are estimates only. The FSA will make all final determinations after the property is transferred. The information gathered for this brochure in its entirety is from sources deemed reliable, but cannot be guaranteed by Seller & Dan Pike Auction Co., or their staffs. The buyer must make their own independent investigation of the property. The buyer is purchasing the property “AS IS”.

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#1

#3

#2 #4

#6

#7 #5

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actu‐ al property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #1

Tract #2

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #5

Tract #3

Tract #4

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #6

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #7

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #1

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #1

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #2

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #2

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #3

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #3

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #4

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #4

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #5

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #5

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #6

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #6

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #7

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Tract #7

“All maps and informa on contained in this booklet and provided by the seller, seller’s agent & auc on company is believed to be correct but is not guaranteed. All lines on any maps are also for informa onal purposes only and are not guaranteed to be the actual property boundary lines. Buyers assume all liability for verifica on of data and informa on prior to bidding.”

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Auction Notes Tract #1: _________________________________________________ Tract #2: _________________________________________________ Tract #3: _________________________________________________ Tract #4: _________________________________________________ Tract #5: _________________________________________________ Tract #6: _________________________________________________ Tract #7: _________________________________________________

Thank you for attending the auction on behalf of Maurice & Hilda Mitchell Estates & Dan Pike Auction Company 26