165 ACRE BOB AND MARY LEWIS FARM FOR SALE BY SEALED BID AUCTION • EXCEPTIONAL CROP LAND AND TIMBER • Sealed bids will be received at the Law Office of Hammell & Murphy, P.L.L.P. located at 110 East Main Street in Caledonia, Minnesota, until Friday, November 11, 2016 at 4:00 P.M. for the purchase of agricultural real estate located approximately one and one half mile southwest of the City of Caledonia, Houston County, Minnesota. Property includes approximately 126 acres of tillable crop land, approximately 39 acres of timber. Tillable land has high CER of 88.45 and timber land contains mature timber ready to be logged. DCP crop data for tillable land contains 48.90 corn base acres, 69.10 soybean base acres having a PLC corn yield of 189 and PLC soybean yield of 50. Tillable land has a Crop Productivity Index Rating of 90.4. Property will be sold in one tract consisting of Houston County Parcel identification numbers 03.028.9000 and 03.029.5000.
Bids shall be made in writing, enclosed in a sealed envelope and plainly marked “Lewis Farm Sale” on the exterior. Bids shall contain the name, address and phone numbers of the bidder. Bids may be either delivered in person or mailed to Jed J. Hammell, Hammell & Murphy, 110 East Main St., Caledonia, MN 55921. Bids shall be deemed received on the date the bid arrives at the Law Office of Hammell & Murphy, P.L.L.P.
Initial sealed bids shall be accompanied by a cashier’s check made payable to “Hammell & Murphy, Trust Account” for five percent (5%) of the bid as an earnest money deposit. SELLER RESERVES THE RIGHT TO REJECT ANY AND ALL BIDS AND TO NEGOTIATE WITH BIDDERS, AND FURTHER RESERVES THE RIGHT TO CONDUCT A BID-OFF BETWEEN THE TOP SIX (6) BIDDERS. If seller exercises its right to conduct a bid-off, the bid-off shall occur on Wednesday, November 16, 2016 at 1:00 P.M. at the Hammell & Murphy law office. Seller reserves the right to conduct the bid-off according to seller’s discretion, including the right to conduct a confidential bid-off in person or by telephone.
The successful bidder will be required to enter into a Standard Minnesota Purchase Agreement; said agreement will provide for a closing date on or before December 31, 2016 for a portion of the property and January 10, 2017 for the remaining portion. The premises are being sold “AS IS” . If you should have any questions regarding this property or the bid procedure, please contact the law offices of Jed J. Hammell, Hammell & Murphy, P.L.L.P. 110 East Main St., Caledonia, Minnesota at (507) 725-3361 or by email at email@example.com.