• Productive Tillable Land • Woods • Hunting & Recreation • Potential Building Site • Whitko Schools
Land Auction, 38 Acres in 2 Tracts - Tillable Land, Woods & Potential Building Sites
West of Columbia City, Whitley County, Richland Township
Owner: Diplomat Family Limited Partnership Mon, Sep 27, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
For a private inspection call the sale manager.
PROPERTY LOCATION
West of Columbia City or East of Larwill on US 30 to CR 400 W, turn south (R&B Car Company)1 1/2 miles to Old Trail Rd., then turn west ¾ mile to property on North side of road.
AUCTION LOCATION
At the Eagles Nest Event Center at the Eagle Glen Golf Course North of US 30 on SR 205.
PROPERTY DESCRIPTION
Tax ID: 92-07-12-000-407.900-007
TRACT DESCRIPTIONS
Tract 1: 29± ac approximately 12 productive tillable acres, with the balance wooded and creek frontage. Great for hunting or recreation, an excellent location for a secluded building site.
Tract 2: 9± ac All wooded, many mature trees bordered by Spring Creek and Schuman Ditch. Deer hunters paradise. It is a swing tract and must be purchased by an adjoining land owner or in combination with Tract 1.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: Tracts 1 & 2 will be offered in individual tracts, or as a total unit. There will be open bidding on both tracts. The property will be sold in the manner resulting in the highest total sale price. Tract #2 is a swing tract and must be purchased by an adjoining land owner or in combination with Tract #1.
DOWN PAYMENT: 10% of the accepted bid as down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, cashier’s check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide a Warranty deed.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place 15 days after proof of merchantable title.
POSSESSION: At closing on non-tillable land, after harvest on tillable land.
REAL ESTATE TAXES: Pro-rate to day of closing.
DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.
ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Seller, cost of the survey will be shared 50/50 between Buyer and Seller. The type of survey performed shall be at the Seller’s option and sufficient for providing title insurance. Closing prices shall not be adjusted to reflect any difference between advertised and surveyed acres. In the event that the entire property sells to one buyer there shall be no survey.
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. Tract acreage has been estimated based on aerial photographs. The property is being sold on an “AS IS, WHERE IS†basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
