Auction Note

WRITTEN BID LEASE AUCTION 1,430 +/- Crop/Pasture Acres & Farmstead - Wells County, ND Bids Due:  Friday, November 2, 2018 – 5:00 p.m. (CT) Oral Bidding:  Tuesday, November 6, 2018   Mail, Email or Fax Bids to: Pifer’s Auction and Realty Attn: Terry Thormodsgaard Trust, c/o Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 FAX: 218-477-1969 dhofland@pifers.com (bid forms are available to download above at www.pifers.com)   Auction Note: Seeking a single tenant to lease farmland and farmstead, with home, barn and shop.  Written bids will be accepted until 5:00 p.m. on Friday, November 2, 2018. This property features 580 +/- cropland acres, 649 +/- pastureland acres, 64 +/- grassland acres with highly productive soils and strong cropping history and a 12 +/- acre farmstead with a residence, shop, barns, and corrals.  This land is located south of Hurdsfield, ND in Bull Moose, Lynn and Silver Lake Townships, Wells County, ND. The successful bidder will have possession starting on or before January 1, 2019.  Bids will be submitted on an annual dollar per acre basis.    Contact:  Dwight Hofland at 701.630.4359, (dhofland@pifers.com) or Pifer’s Auction & Realty at 218.477.1968 for more information or a bid form (bid forms can also be downloaded at www.pifers.com).     Property Information: Parcel 1: Cropland Acres: 85 +/- Pastureland Acres: 50.2 +/- Legal: SW ¼ Section 25-146-73 Bull Moose Township, Wells County, ND. Driving Directions: From Hurdsfield, ND travel south on 29th Ave NE (1 mile) to 1st St NE, this will put you at the SW corner of Section 25 in Bull Moose Township.       Parcel 2:  Cropland Acres: 237 +/- Pastureland Acres: 29 +/- Farmstead: 12 +/- Legal: E ½ Section 12-145-73 Lynn Township, Wells County, ND. Driving Directions: From Hurdsfield, ND travel south on 29th Ave NE (3 ½ miles) to go east 1 mile this will put you at the southeast corner of the farmstead, the northeast corner of the southwest quarter of section 12 in Lynn Township.     Parcel 3: Cropland Acres: 13.1 +/- Pastureland Acres: 570 +/- Legal: All of Section 7-145-72 Silver Lake Township, Wells County, ND. Driving Directions: From parcel two, directly east along 30th Ave SE, to the corner of 30th Ave SE and 2nd St SE. This will put you at the southwest corner of the parcel.     Parcel 4: Cropland Acres: 245 +/- Grassland/Hayland Acres: 64 +/- Legal: N ½ Section 18-145-72 Silver Lake Township, Wells County, ND. Driving Directions: From parcel three, directly south on 2nd St SE. This parcel is the N ½ of section 18 in Silver Lake Township will put you at the southwest corner of the parcel.       OWNER: Terry Thormodsgaard Trust       Bidding Procedure: 1 - All written bids must be received before 5:00 p.m. on Friday, November 2, 2018. 2 - Written bids will be submitted on an annual per acre basis. 3 - The top written bids will be invited to the Oral Bidding, and will have an opportunity to raise their bid at a time and place designated by Pifer’s Auction & Realty. Oral bidding will be held on Tuesday, November 6, 2018, time TBD (CT). 4 - Bidders are bidding on a 3-year lease agreement. The lease agreement will begin on or before January 1, 2019 and terminate on December 31, 2021. 5 - Winning bidder will (upon Landowner acceptance) receive a lease agreement and will be required to return a signed copy to Pifer’s on or before November 20, 2018, with a letter of credit/good standing from their lending institution. Liability insurance policy is required. 6 - Annual rent will be due on or before March 15th, each year of the lease agreement. 7 - The landowner reserves the right to accept or reject any or all bids. 8 - All statements made the day of the Oral Bidding take precedence over all printed materials.   Mail, Email or Fax Bids to: Pifer’s Auction & Realty ATTN: Terry Thormodsgaard Trust, c/o Dwight Hofland 1506 29th Ave. S Moorhead, MN 56560 Fax: 218.477.1969 dhofland@pifers.com