• 126+/- TILLABLE ACRES - Buyer Receiving 2012 Crop Rights • COMPLETE DAIRY SET-UP - 72 Free Stalls, (2) Silos, Commodity Barn • QUALITY PRODUCTIVE SOILS • 34+/- ACRES OF 2ND YEAR ESTABLISHED ALFALFA • EXCELLENT LOCATION - Just off of State Route 1 • PLUS FARM EQUIPMENT - Tractors, Trailers, Hay Equipment, Shop Tools • REMODELED COUNTRY HOME & BUILDING
Indiana Dairy Land & Equipment Absolute Auction
Ecomony Indiana, Wayne County - 20 Miles to Muncie, 10 Miles to Fountain City, 15 Miles to Richmond
Owner: Kevin B. Riegel and Ruth M. Riegel Equipment & Personal Property at 10:30 AM EASTERNReal Estate Wed, Apr 4, 2012 EASTERN
AUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Wednesday MARCH 14TH 1-3PM
Wednesday MARCH 21ST 1-3PM
Wednesday MARCH 28TH 1-3PM
PROPERTY LOCATION
12184 Charles Rd. Economy, IN 47339
The farm sits approximately 2 miles southeast of the intersection of IN SR 1 and US RT. 35 outside of Economy, IN. From SR 1 travel southeast 2 miles to Jacksonburg Rd. turn south to the farm on the east side of the road. Frontage on US 35, Jacksonburg, and Charles Roads.
AUCTION LOCATION
At the FARM! 12184 Charles Rd., Economy, IN, 47339. The Equipment auction will be on-site at 10:30 AM followed by the Real Estate Auction at 1 PM.
PROPERTY DESCRIPTION
PROPERTY - SELLING AT 1:00p.m.
The RIEGEL FARM boasts productive soils, an outstanding location, and a Complete Dairy Operation. The improvements are impressive and ready for cows. Take advantage of the opportunity to own this farm unit!
TRACT DESCRIPTIONS
Tract 1: 126± ac with 100 tillable acres and COMPLETE DAIRY SET-UP. 2,300 ft. of frontage on Charles Rd., 2,100 ft. of frontage on Jacksonburg Rd. and 1,800 ft. frontage on US 35. Super fertile soils and a turn-key dairy set-up including:
Tract 2: 17± ac with 14.5 tillable acres currently in alfalfa with the balance in woods and stream. This tract has over 1,800 ft. of frontage along US Rt. 35. Nice tract in the country with income producing tillable land.
EQUIPMENT & PERSONAL PROPERTY
FARM EQUIPMENT - SELLING AT 10:30a.m.
SELLS THE SAME DAY! GREAT OPPORTUNITY TO BUY QUALITY
TRACTORS - SKID STEERS
HAY AND SILAGE HARVESTING EQUIPMENT
TRAILERS - LIVESTOCK and MANURE EQUIPMENT
PLANTING - TILLAGE - MISC. EQUIPMENT
SHOP EQUIPMENT - STEAM PRESSURE WASHER
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PROCEDURES: The property will be offered in 2 individual tracts, any combination of tracts, or as a total 143.39+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.
DOWNPAYMENT: Real Estate 10% down payment on the day of the 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. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. The farm will be sold ABSOLUTE to the highest bidder!
EVIDENCE OF TITLE: Sellers shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Sellers shall provide Warranty Deeds.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy projected to be 45 days.
POSSESSION: Possession will be delivered at closing for all cropland and farm buildings. Possession of the house will be delivered 15 after closing. Immediate possession of the tillable land is available at the day of the auction with a 20% down payment.
REAL ESTATE TAXES / ASSESSMENTS: Buyer to assume the taxes for 2012 pay 2013. Seller to pay all 2011 property taxes payable in 2012.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acres for Tract 2. No adjustments will be made on Tract 1 if purchased separately.
FSA INFORMATION: See Agent
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.
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 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, 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 the 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 the persons credentials, fitness, etc. All decision of the Auctioneer is final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.
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