REAL ESTATE FOR SALE ON BIDS

REAL ESTATE FOR SALE ON BIDS  38548 135th St. – Aberdeen, SD  Outstanding opportunity to purchase a four bedroom home with up to 155 acres on the edge of Aberdeen! This updated  three story home abounds with character and history. Buildings include a 90’ x 196’ horse facility. This barn includes 23  stables, restroom and riding arena (58’ x 196’). You will also find 19 outdoor pens & riding arena. It is currently being used  as a horse boarding business and adds excellent revenue to the property. Balance of land is currently in grass & alfalfa but  could be tilled. From Aberdeen, SD (intersection of US Hwys 281 & 12): 2 miles south & ½ mile west.  Property can be viewed privately by contacting Thorpe Realty & Auction!  DESCRIPTION:  Tract One: (40 acres +/‐) SE1/4SW1/4 including Aberle’s Outlot A – Sec 27‐T123N‐R63W of the 5th P.M., Brown County,                      South Dakota. Includes home, outbuildings & 31 +/‐ tillable acres (currently alfalfa & grass)                      2009 RE Tax $1402.00  Tract Two: (115 acres +/‐) NE1/4SW1/4 & W1/2SW1/4 except land deeded – Sec 27‐T123N‐R63W of the 5th P.M.,                       Brown County, South Dakota. 114 +/‐ Tillable acres (currently alfalfa & grass) 2009 RE Tax $944.56  Tract Three: (155 acres +/‐) Combination of Tract One & Two – Total 2009 RE Tax $2346.56  TERMS & CONDITIONS:  1.) Interested parties should contact Thorpe Realty & Auction for a bid packet with detailed information and specific  terms and conditions of the sale.  2.) Written bids will be accepted until November 26, 2010 at 5:00 p.m. Central Time. Bids should be submitted for total  purchase price per tract, not per acre.  3.) The top five bidders for each tract will be invited to the final oral bidding. Oral bidding will be held 11:00 a.m. on  Tuesday, November 30, 2010. Bidding will be conducted using a Multi‐Parcel process.  4.) Successful bidders will deposit 5% irrevocable earnest money down day of sale with balance due in certified funds  upon closing, on or before December 30, 2010. Buyer will receive immediate possession upon closing. Property is  selling without Buyer contingency of any kind, have financial arrangements secured prior to bidding. Title insurance  and closing service fee will be split equally between Buyer and Seller. Seller shall pay the 2010 real estate tax  payable in 2011 based on the assessed valuation, occupancy status, and formula available at the time of closing.  Any  additional verbal announcements made at time of oral bidding shall take precedence over any prior written  statements. The Seller reserves the right to reject any or all bids. The Seller reserves the right to reject any or all  bids. Thorpe Realty & Auction represents the Seller exclusively.  For more information:   www.ThorpeRealtyAuction.com  Office: (605) 225‐7776 or 1‐877‐607‐9871  Peggy Thorpe  Broker  (605) 216‐1309 

Jim Thorpe  Broker  (605) 216‐7776 

Thorpe Realty & Auction Inc.  1812 6th Ave SE – Ste 2  Aberdeen, SD 57401 

REAL ESTATE BID FORM BID DEADLINE: Friday, November 26, 2010 at 5:00 p.m. Please clearly print information requested.

Name of Bidder(s): _______________________________________________________________ _______________________________________________________________

Address:

__________________________________________________________________

City, State, Zip: __________________________________________________________________ Phone#: ________________________________________________________________________ Email Address: __________________________________________________________________ Terms & Conditions:

1.) Written bids will be accepted until Friday, November 26, 2010 at 5:00 p.m. Central Time.  Bids should be submitted for total purchase price per tract, not per acre.  2.) The top five bidders for each tract will be invited to the final oral bidding. Oral bidding  will be held 11:00 a.m. on Tuesday, November 30, 2010. Bidding will be conducted using  a Multi‐Parcel process.  3.) Successful bidders will deposit 5% irrevocable earnest money down day of sale with  balance due in certified funds upon closing, on or before December 30, 2010. Buyer will  receive immediate possession upon closing. Property is selling without Buyer  contingency of any kind, have financial arrangements secured prior to bidding. Title  insurance and closing service fee will be split equally between Buyer and Seller. Seller  shall pay the 2010 real estate tax payable in 2011 based on the assessed valuation,  occupancy status, and formula available at the time of closing.  Any additional verbal  announcements made at time of oral bidding shall take precedence over any prior  written statements. The Seller reserves the right to reject any or all bids. Thorpe Realty  & Auction represents the Seller exclusively. 

Legal Description:

Tract One: (40 acres +/-) SE1/4SW1/4 including Aberle’s Outlot A – Sec 27-T123N-R63W of the 5th P.M., Brown County, South Dakota. Includes home & outbuildings. Bid Amount: $_________________________________________________________________

____________________________________________________________________________________ Tract Two: (115 acres +/-) NE1/4SW1/4 & W1/2SW1/4 except land deeded – Sec 27-T123N-R63W of the 5th P.M., Brown County, South Dakota Bid Amount: $_________________________________________________________________

____________________________________________________________________________________ Tract Three: (155 acres +/-) Combination of Tract One & Two

Bid Amount: $_________________________________________________________________ ____________________________________________________________________________________

The Owner retains the right to reject any or all bids. I/we submit this bid and understand the conditions set forth above and in the Notice of Sale. Signature and printed name of bidder(s): Signature:

___________________________________________________________________

Printed Name: ___________________________________________________________________ Date:

____________________________________________________________________

SUBMISSION OF BID: Mail or submit your bid in a sealed envelope to: Thorpe Realty & Auction 1812 SE 6th Ave Ste 2 Aberdeen, SD 57401 MARK ENVELOPE: Please mark on outside of bid envelope “Sealed Bid" in the lower left hand corner. Include return name and address on envelope.

Office: (605) 225‐7776 or 1‐877‐607‐9871  Peggy Thorpe  Broker  (605) 216‐1309 

Jim Thorpe  Broker  (605) 216‐7776   

Aerial Map

Tract 2

Tract 1

map center: 45° 26' 4.29, 98° 31' 52.59 scale: 5401

Maps provided by:

27-123N-64W Brown County South Dakota

©AgriData, Inc. 2010 www.AgriDataInc.com Field borders provided by Farm Service Agency as of 5/21/2008. Aerial photography provided by Aerial Photograpy Field Office.

10/31/2010

Soils Map

South Dakota Brown 027-123N-064W Aberdeen 154.5 10/31/2010

State: County: Location: Township: Acres: Date:

Maps provided by: Fsa borders provided by the Farm Service Agency as of May 23, 2008. Soils data provided by USDA and NRCS. Acres

Percent of field

Non-Irr Class

Productivity Index

©AgriData, Inc 2008 www.AgriDataInc.com

Code

Soil Description

Alfalfa hay

Barley

Bromegrass hay

Bromegrass alfalfa

Corn

Corn silage

Grain sorghum

Oats Soybea

Cv

Cresbard-Cavour loams

67.9

43.9%

IIIs

49

1.7

33

1.7

1.9

44

4.2

26

40

WfB

Williams-Cavour loams, 3 to 6 percent slopes

62.7

40.6%

IIIs

66

1.8

36

1.8

2

50

4.7

29

44

Hr

Harriet loam

7.6

4.9%

VIs

7

2

0.2

0.2

4

0.4

3

1

WfA

Williams-Cavour loams, 0 to 3 percent slopes

7.3

4.7%

IIIs

71

1.9

39

1.8

2.1

54

5.1

31

48

Tk

Tonka silt loam

5.1

3.3%

IVw

58

0.4

17

1.4

1.4

49

4.6

30

22

Cf

Cavour-Ferney complex

3.3

2.1%

Vs

27

0.8

18

1

1

18

1.7

11

20

Rc

Ranslo-Harriet loams

0.6

0.4%

Vs

17

0.4

8

0.7

0.7

14

1.3

8

8

Weighted Average

54.5

1.6

32

1.6

1.8

44.4

4.2

26

38.9

USDA USDA iiIiiIIi

Farm Service Agency

Legend

Brown County, SD

CJ Tract Boundaries

D Section-Township-Range

Map 1850 1236427 F7395

N

CRP Common Land Units

1:8,893

'l/--

May 5,2010

Rangeland

Wetland DetennlnatJon Identifoers lSDAFSA. rreps are for FSA Program actni'llstraton on~. There Is no gUBrtrltee or fapresertation to Us user m b the aa::uracy. o.mency, sulatilty or reli1bllty.

FSAM\PS CO NOT REPRESENT A LEGPLSURJEY. Theusor acx:~lsthedata 'as is am assumes all r1sIG asscx:iatedwith Is use.

'l/'rld.lffld roirts reflectreoords avalatjew;thNRCS end rrey or rrsy nol cmstihte a rul invenbry d th3 proJ:erty.

Tte USDA Farm SEJvice Pgen:y Ilssurres no f88p