OPEN HOUSE/INSPECTION DATES

Tuesday, October 13 3-5 PM Central
Tuesday, October 27 3-5 PM Central
Meet a Schrader representative at Tract 6.

PROPERTY LOCATION

To Tracts 1, 2 and 3: Take US 231 south out of Rensselaer for approximately 3 miles to State Road 16. Turn west (right) onto State Road 16 and go approximately 4 miles to County Road 980 W. Turn south (left) on CR 980 W and go approximately .3 mile to the property on both sides of the road.
To Tracts 4, 5 and 6: From the intersection of US 231 and State Road 16, south of Rensselaer, travel west approximately 5 miles on State Road 16 to County Road 1080 W. Turn north (right) on CR 1080 W and go 1.5 miles to the property on the north side of CR 850 S.
Part of Sections 7, 8, 20 & 21, T28N, R7W, Jordan Township. Part of Section 5, T28N, R7W, Newton Township.

AUCTION LOCATION

Knights of Columbus, 325 E. Vine St., Rensselaer, IN 47978.
From downtown Rensselaer at the Jasper County Courthouse head northeast for 2 blocks on US 231 (Washington St.). Turn left on US 231 (N. McKinley Ave.) and go approximately .4 miles to E. Vine St. (E. Vine St. is the first street south of the railroad tracks). Turn east (right) on E. Vine St. and go 1 block to auction site.

TRACT DESCRIPTIONS

Tract 1: 40± ac All tillable except for roads. Approximately 1/4 mile of road frontage on both County Roads 980 W and 1080 S. Nice square 40+/- acre parcel with productive soils and a lot of road frontage.

Tract 2: 79± ac All tillable except for the road. Soil types consist of Rensselaer loam, Montgomery silty clay loam, Watseka loamy fine sand, Simonin loamy sand and Sparta sand. Road frontage on County Road 980 W.

Tract 3: 55± ac FSA considers 49.22 acres as cropland, of which 2.4 acres are in the Conservation Reserve Program (CRP). The CRP contract terminates on September 30, 2020. The annual payment is $612 or $255.15 per acre. This parcel is improved with a 24 ft. diameter dryer bin with 2 auger stirator, burner and fan. Seller reports 8,500 bushel storage capacity to the bottom of stirator. The LP tank is not being sold with the property. There is also a 22 ft. bin with 6,500 bushels of storage capacity to the peak. It has a full aeriation floor and fan. There is also another bin with 4,000 bushels of storage capacity with a full dryer floor and fan with no heater. This bin has a single auger stirator. There is also an old unique 26 ft. x 84 ft., farrowing barn that still has the wood farrowing pens. The remaining building is a 42 ft. x 28 ft. barn. It has a 12 ft. driveway on the tall side, all concrete floor and 2 - 8 ft. x 28 ft. x 10 ft. high raised bins. There is a well with 5 in. casing as well as a septic tank and leach bed on the building lot.

Tract 4: 77± ac This tract is mostly tillable and has 3.8 acres, along the ditch on the east side of the property in CRP. The CRP contract expires on September 30, 2020. The annual payment is $829 or $218.24 per acre. This tract has Iroquois River frontage and road frontage on County Road 850 S.

Tract 5: 123± ac FSA considers 102.07 acres as cropland, of which 6.13 acres are in CRP. One CRP contract is on 2.6 acres (FSA Aerial shows 2.63 acres) and it expires September 30, 2019. The annual payment is $590 or $227.00 per acre. The other CRP contract is on 3.5 acres and it expires September 30, 2022. The annual payment is $702 or $200.63 per acre. With the abundance of Iroquois River frontage, wooded area in the northwest part of the farm and CRP acreage, be sure to consider the hunting and recreational opportunities on this parcel. There is an old barn and one sided crib located on this tract near the river. There is a well with 4 in. casing and hand pump located near these buildings. There is also a flowing well located in the trees near the tillable field line in the northwest part of this tract. Seller will provide access to this Tract by way of a 50 ft. wide ingress/egress easement over part of the southern portion of Tract 6 from County Roads 850 S and 1080 W. In the event Tract 5 is bought in a combination which includes Tracts 4 or 6, the Seller will not be providing an ingress/egress easement.

Tract 6: 5± ac This tract is improved with an older two-story home, detached 2 car garage, 40 ft. X 60 ft. machine shed with approximately 1/3 of the floor being concrete and 27 ft. diameter bin with approximately 9,000 bushels of storage capacity to the bottom of the stirator. The bin has a 2 auger-wall hugger stirator, dryer floor, fan and burner. The LP tank at the bin is not being sold with the property. There is also a 30 ft. X 40 ft. crib with 5 overhead bins. This tract has a well with 4 in. casing.

Information for home at 10692 W. 850 S. Brook, IN 47922
Main Level: Kitchen: 15 ft. x 10 ft.
Dining Room: 11 ft. x 13 ft.
Living Room: 13 ft. x 15 ft.
Bedroom - current use: 13 ft. x 11 ft. (no closet and has door to front porch)
Entry/Porch: 9 ft. x 6 ft.
Laundry/furnace/entry area: 12 ft. x 10 ft.
Bathroom (toilet only): 5 ft. 9 in. x 5 ft. 8 in.
There is also a cedar lined closet, off the living room, just outside the bedroom.

Second Level:
Bedroom: 10 ft. x 11 ft. - room has dormer; 3 ft.9 in. x 7 ft.3 in. cedar lined closet. This room has no heat or air conditioner duct to it. Beyond the closet is a 9 ft. x 7 ft. attic with dormer
Bedroom: 15 ft. x 9 ft. (no closet)
Bedroom: 13 ft. x 11 ft. (no closet)
Full Bath: 9 ft. x 5 ft.
Cedar lined closet at top of stairs: 7 ft. x 2 ft.6 in.
Closet: 5 ft. x 5 ft.
The home has a small cellar with water pressure tank and electrical box.
Forced air - updraft furnace (LP)
Central air conditioning
Vinyl siding
New roof shingles installed approximately 2 years ago.
All measurements are approximate. Information deemed reliable but not guaranteed.

REAL ESTATE TAXES: 2014 payable 2015 (Tracts 1 & 2) $1,764.18, Iroquois Conservancy assessment of $11.10; (Tract 3) $838.20, Iroquois Conservancy assessment of $5.27; (Tracts 4, 5 & 6 - 3 Tax ID numbers) $3,469.74, Iroquois Conservancy assessments of $21.82, additional ditch assessment of $15.88 (Louis B. Nagel Tile).

AREA MAP