A 10% non-refundable earnest money deposit shall be due on the day of the auction, with the balance due on or before July 31, 2026. Closing costs and title insurance shall be divided equally between the buyer and seller. The buyer shall receive a rent credit at closing in the amount of $7,920.00 attributable to the 2026 cropland acres. Possession of the acreage, recreational acres, water acres, and residential improvements shall be granted to the buyer at closing. The seller shall be responsible for all 2025 real estate taxes payable in 2026. The buyer shall be responsible for all 2026 real estate taxes payable in 2027 and thereafter. A survey has been completed for the dryland portion of the property, establishing 64.5 acres of surveyed dryland acres. The total deeded acres of the property is 161.25 acres; however, the remaining acres could not be surveyed due to portions of the property being under water at the time of the survey. As a result, the property is being sold per county recorded acres of 161.25. This property is being sold subject to all easements, restrictions, reservations, and rights-of-way of record, if any, and is subject to seller confirmation. The property is offered and sold in its present "AS IS, WHERE IS" condition, without warranties or guarantees of any kind, expressed or implied. Any personal property free of liens remaining with property at closing will become possession of buyers. Prospective buyers are encouraged to conduct their own independent inspections and due diligence regarding the property, including but not limited to current and future land uses, farming practices, zoning regulations, utility systems, water systems, and eligibility for government or conservation programs. Preliminary title work will be ordered and made available prior to the auction. The sellers did not occupy the property and therefore have not completed a Seller's Property Condition Disclosure Statement. The sellers have disclosed that their father passed away in the residence. The sellers also report that a pressure switch was recently replaced on the property's water system. Following replacement, the system was functioning; however, there is currently limited water pressure. The sellers make no representations or warranties regarding the condition or operation of the well, water system, plumbing, or any other improvements. Either the buyer or seller may elect to utilize a 1031 Tax-Deferred Exchange. Should either party elect to do so, the transaction shall remain otherwise unaffected, and all costs associated with the exchange shall be the responsibility of the electing party. All information contained herein and all statements made regarding the property are believed to be accurate but are not guaranteed. Announcements and statements made on the day of the auction shall take precedence over all previously published materials, advertisements, and oral statements. The seller does not warrant or guarantee that any existing fences are located on the true property boundaries. Any new fencing required following closing shall be the sole responsibility of the buyer. Bids may not be cancelled or retracted for any reason. The auction company and brokerage firm represent the seller exclusively in this transaction.
Spring Valley Twp., Clark Co., SD
