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MAJOR INDIANA LAND AUCTION
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189.79+/- Acres offered in 2 Tracts
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98% Tillable Farmland
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186.41+/- Tillable Acres
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Top Quality, Highly-Productive Soils
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Excellent Road Frontage
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10,000 Bushel Grain Storage
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Available for 2014 Spring Planting!
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3 miles N.E. of Covington
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5 miles N.W. of Veedersburg
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60 miles W. of Indianapolis
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12 miles E. of Danville, IL
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Online Bidding Available
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Auctioneers Note: The farm will be immediately available for the 2014 planting season.
LAND AUCTION - 189.79+/- Acres offered in 2 Tracts, 98% Tillable Farmland
Fountain County, Indiana
Owner: Mona Witt, Susan Witte & Paula Freeman, Call 1-800-451-2709 with questions or auction managers Wed, Apr 2, 2014 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,366,400
| Tract(s): 1+2 | @ $2,366,400 | ($12,468/acre) |
OPEN HOUSE/INSPECTION DATES
Meet Todd or Keith at the farm on:
Wednesday, March 12th from 4-6PM
Saturday, March 22nd from 11AM - 1PM
PROPERTY LOCATION
Directions to Farm:
From the East: At the intersection of I-74 & State Road 41, travel north one mile to County Road 100N, turn West and travel 5 miles to County Road N 400W, turn north and the farm is situated on the west side of the road.
From the West: At the intersection of I-74 & State Road 63, travel north a mile and a half to County Road W 1200S, turn East and drive through Covington Indiana, road turns into Stone Bluff Road, follow approximately 3 miles to County Road N 400W, turn north and the farm is situated on the west side of the road.
AUCTION LOCATION
Covington Beef House-Oak Room, 16501 N State Road 63, Covington IN. 47932
TRACT DESCRIPTIONS
Tract 1:
80± ac
77.78 tillable acres with 1100 ft. of road frontage on County Road N 400W. Also on this tract is a 10,000 bu. grain bin with electric & LP tank. Predominant soils are Ragsdale (RbfA) & Edwardsville (EcoA) across the tract.
Tract 2: 109± ac 108.63 tillable acres with 1200 ft. of road frontage on County Road N 400W. Predominant soils are Ragsdale (RbfA) & Edwardsville (EcoA) across the tract.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: This property will be offered in 2 individual tracts, combination of tracts, or as a total 189.79+/- acre unit. The property will be sold in the manner resulting in the highest total sale price.
ACCEPTANCE 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.
DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cashiers check, personal check, or corporate check. Immediate possession is available to the winning bidder(s) with 20% down payment on the day of the auction. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
BUYERS PREMIUM: A 2% Buyers Premium will be added to the high bid(s) to determine the Contract Purchase Price.
CLOSING: The balance of the purchase price is due at closing, which shall take place within 10 days from delivery of marketable title. Closing on or about May 2, 2014 is anticipated. Closing costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the contract purchase price.
POSSESSION: Possession shall be given at closing. Immediate possession is available to the winning bidder(s) with 20% down payment on the day of the auction. Possession of the grain bin will be June 1, 2014.
REAL ESTATE TAXES: Buyer shall assume 2014 taxes payable in 2015. Buyer shall assume any Ditch Assessments due in 2014 and thereafter.
ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.
FSA INFORMATION: The Fountain County FSA Office shall make all acreage and base yield determinations.
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller, if any.
SURVEY: Current legal descriptions shall be used to convey the property. Any need for a new survey will be determined solely by the Sellers. The type of survey performed shall be at the Sellers option sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Sellers. The adjustments will be made only on tracts or combination of tracts that do not contain improvements.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation either expressed or implied, concerning the property is made by the Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction his or her own independent inspections, investigations, inquiries, 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. 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.
