#0a • Terms and Conditions

Part of Gerald A. Brown Trust and Donna Mae Brown Estate (timed auction by Tony Montgomery Realty & Auction Company)

Status: Available

This auction will be a 10-day Online Auction.  Bid Price X 155.6 Acres + 3% buyers Fee = Full Contract Purchase Price.   Terms of sale include but not limited to buyer(s) being responsible to perform their own “due diligence” regarding all aspects of the purchase to include having their own legal representation.  Tony Montgomery Realty & Auction Company, (TMRA), is representing the sellers exclusively on all aspects of this real estate sale.  A 3% buyer’s fee will be added on to final bid price to achieve full contract purchase price.  Buyer(s) shall have all financing secured before bidding on this auction as there shall be NO contingencies to include but not limited to financing involved with the sale.  All real estate taxes due and payable in the year of 2026 will be paid for by seller.  At the conclusion of the auction, buyer(s) and seller shall enter into a standard vacant land MN purchase agreement drafted by TMRA and buyer shall deposit non-refundable earnest money in the amount of $200,000 immediately as time is of the essence.  Closing shall be on or before December 4, 2026.  Seller, TMRA and all legal representatives of seller are making no warranties or guarantees other than that stipulated through a Personal Representatives/Trustee’s Deed.  All bidders are required to pre-register with TMRA prior to bidding. Seller is selling and Buyer is buying the subject property "AS-IS" with no guarantees or warranties implied or expressed other than that stipulated through a Personal Representatives/Trustee's Deed.  Tony Montgomery Realty & Auction Company is representing the seller exclusively in this real estate transaction.  Buyer acknowledges that they have completed all of buyer's "due diligence" towards the purchase of the subject property and is relying on no information other than that they, the buyer, have secured from their own deemed reliable sources.  Buyer has their own legal representation regarding all aspects of this purchase.   The subject property has been offered through a ten day public online auction.  Buyer agrees to place $200,000 down in form of non-refundable earnest money.  Buyer has agreed to all terms herein and has purchased the subject property with no contingencies to include but not limited to financing. Buyer has secured all financing prior to bidding on this auction.  If for any reason buyer fails to close on the subject property and seller complies with all herein, buyer agrees to forfeit all earnest money to seller with no contest and both parties shall immediately sign a cancellation of agreement.  Buyer has agreed to pay a three percent buyer's fee added on to final bid price to achieve full contract purchase price.     Real Estate taxes due and payable in 2026 shall be paid in full by seller.  All real estate taxes due and payable in 2027 and thereafter shall be the buyer's responsibility.  2026 real estate taxes are $10,106. Seller shall deliver any abstract of title and a copy of any owner's title insurance policy for the property, if in Seller's possession or control, to Buyer or Buyer's designated title service provider.  Buyer shall obtain the title services determined necessary or desirable by Buyers representative, including but not limited to title searches, title examinations, abstracting, a title insurance commitment, or any title opinion at Buyer's selection and cost and provide a copy to seller.  All costs pertaining to the before mentioned title services shall be of the buyer's responsibility.   Land is currently under rental agreement through the 2026 crop year.  Buyer shall have full possession once all farm emblements have been removed providing closing on the subject property has been successfully accomplished.