AUCTION IS OVER

TOTAL SOLD: $650,000

Tract(s): 1	@ $150,000	($5,357/acre)
Tract(s): 2+3	@ $500,000	($5,747/acre)

• Beautiful Property with a mix of Tillable & Wooded Land • Tillable land currently in hay production • Woods for hunting, recreation and timber • Two nice homes, one built in 2001 and the other in 1995 • Extensive pole buildings • Located approx. 1/2 mile east of Cecil M Harden Lake • 50+/- miles west of Indianapolis • 35+/- miles northeast of Terra Haute • 60+/- miles southeast of Danville, IL

Information Booklet

OPEN HOUSE/INSPECTION DATES

Thursday, May 21 from 4-6 PM EST
Saturday, May 30 from 10 AM-Noon
Thursday, June 11 from 4-6 PM
Meet a Schrader representative at the buildings on Tract 3.

PROPERTY LOCATION

From downtown Rockville at the Parke County Courthouse on U.S. 36; travel east on U.S. 36 approximately 10 miles to Walker Ramp Road. Turn south (right) onto Walker Ramp Road and travel approximately 3.3 miles to County Road 300 S. Turn east (left) on CR 300 S. and go approximately 1/4 mile to the property on the north side of the road. Part of Section 23, T15N, R6W, Union Township

AUCTION LOCATION

Bellmore Fire Department, 7020 East U.S. Highway 36, Rockville, IN 47872.
Bellmore Fire Department located at the northeast corner of U.S. 36 and State Road - 59 in Bellmore. From downtown Rockville, at the Parke County Courthouse on U.S. 36; travel east on U.S. 36 approximately 6.6 miles to auction site on the north side of the road. Parking is available on the west side of the Fire Department, as well as in the grass lot on the south side of U.S. 36 across from the Fire Department.

TRACT DESCRIPTIONS

Tract 1: 28± ac - 9.81 cropland acres per FSA. The balance is mostly wooded. This is a beautiful property with rolling terrain and a creek crossing it. Explore the recreational and hunting opportunities on this tract, as well as a potential building site. Also, make sure to inspect the timber. This tract has road frontage along County Road 300 S.

Tract 2: 76.5± ac Approximately 47+/- cropland acres of which a small portion is used as pasture. The balance is mostly wooded and there is a small pond. This is also a must see tract. This tract has recreational and hunting opportunities with income potential from the tillable acreage. Also be sure to investigate the potential timber income. There is a wooden foot bridge over the creek which crosses this tract; however the buyer is responsible for gaining access over the creek with equipment, whether it be a drive through, bridge or culvert crossing. There is also a well with 4 in. casing on this tract, which is not currently being used. This tract has frontage on County Road 300 S.

Tract 3: 10.5± ac This tract is highly improved with 2 homes, an extensive pole building complex, barn and pole building. The larger, two-story home has 4 bedrooms, 2-1/2 bathrooms and was built in 1995. The main floor has a kitchen/dining area with oak cabinets, pantry, bedroom, sun porch, storage room, another room with doors on two walls that when opened make a large open area with the kitchen/dining area and sun porch. There is also a large wash room toward the rear of the house which connects to an attached wood shed. There are 1 and 1/2 bathrooms on the main level. The second story has 3 bedrooms and a full bath. There is also another room on the second story without a closet. The attic which has a stairway access provides another nice storage area. The home has a basement with both indoor and outdoor entrances and there is an attractive open porch. The address of the main residence is 10476 E. 300 S. Rockville, IN 47872.
There is also a 1-1/2 story home with 3 bedrooms (1 is a dormer room with low closet storage area), 1-1/2 bathrooms and was built in 2001. The main floor has a kitchen/dining area, sun porch, bedroom, full bath, wash room with entrance to the basement and an attached wood shed/storage area with overhead door. The second story has 2 bedrooms; one with a closet, the other has a storage closet only which is low and not for hanging clothes and is a dormer room (2 dormers). The second story also has a half bath. The home has a poured concrete basement with insulated walls, 8 ft. ceiling, indoor and outdoor entrances and potato storage area as well. There is also a nice open porch.
This tract also has pole building and lean-to type structures that total approximately 20,448 square feet. The buildings are interconnected and consist of the following: 60 ft.X104 ft. pole building (door opening 24 ft. wide X 15 ft. high and eave height of 18 ft.8 in.), 40 ft.X136 ft. pole building (insulated), 50 ft.X104 ft. pole building (ceiling is metal lined), 40 ft.X54 ft. lean-to, 16 ft.X50 ft. lean-to, 12 ft.X24 ft. paint room and 10 ft.X32 ft. diesel room. This complex has both overhead and sliding doors. The floors are concrete and the 50 ft.X104 ft. building has a 20 ft. wide loading dock that is accessed by two 8 ft. wide by 10 ft. high overhead doors. Seriously consider the possibilities these buildings offer. The red metal sided barn with white trim is 48 ft.X50 ft. and has a concrete floor except where the horses stay. There are two overhead doors which allow driving through. There are also hay lofts on both sides of the drive through. The property also has another 30 ft.X60 ft. pole building, with dirt floor. There are two wells with 6 in. casings on Tract 3. One is currently used and the other is not.

REAL ESTATE TAXES: 2014 payable 2015 $3,742.12- Total 2014 pay 2015 deductions (exemptions) of $153,400 which includes $65,000 educational deduction for school house on property. School house is not being sold with the property.
The Property is zoned AP-Ag Productive and AFR-Ag Forest per the Administrator in the Parke County Planning and Zoning Office. There is no electric on the property; however, a Parke County REMC line runs on County Road 300 S along Tract 3 and part of Tract 2. The Seller reports that timber has been harvested in the past. However, do not overlook the income potential of the trees that remain, such as: Red Oak, White Oak, Poplar and Hickory.

Note: There are more buildings on Tract 3 than the Parke County Assessor property record card indicates. Contact auction managers for room sizes and additional information regarding the homes.

AREA MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts, and as a total 115+/- 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.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. 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: All final bid prices are subject to the Sellers acceptance or rejection. All successful bidders will be required to sign Purchase Agreements at the auction site immediately following the close of the auction.

DEED: Seller shall provide a Warranty Deed sufficient to convey insurable title to the real estate. Real estate is sold subject to all rights of way, legal highways, leases, easements of public record, and all other matters of public record.

EVIDENCE OF TITLE: Seller shall provide a preliminary title insurance commitment for review prior to auction. Seller agrees to furnish Buyer(s), at Sellers expense, an updated title commitment prior to closing. The cost of providing an Owners Title Policy shall be paid for by Seller at closing.

HAY CROP AND BUILDING RENT: Seller to receive Owners share (50%) of hay income from the 1st two cuttings in 2015. Buyer to receive Owners share of hay crop thereafter respective to the Tract purchased. Seller will pay the buyer of Tract 3, $2,000/month, at the end of each month from the time of closing until possession is delivered, for rent on the buildings and building lot.

CLOSING: The balance of the purchase price is due at closing, which will take place 30 days after auction day, or as soon thereafter as applicable closing documents are completed by the Seller. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs shall be paid by the Buyer(s).

POSSESSION: Possession of the wooded land and hay land is at closing, subject to the tenants rights for the 2015 growing hay crop. Possession of the 2 homes, outbuildings and building lot is December 1, 2015. Possession of pasture on Tract 2 is at closing. Possession of vegetable plot on Tracts 2 and 3 after Sellers 2015 crop harvested.

REAL ESTATE TAXES: Seller shall pay the real estate taxes for the first part of the calendar year in which the closing occurs, prorated to the date of closing. Buyer shall assume any taxes thereafter. Buyer shall assume any ditch and drainage assessments due after closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on 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 this auction or where Seller otherwise determines a survey is appropriate. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. If Seller determines a survey is needed, combined purchases will receive a perimeter survey only. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres, except with respect to Tract 3 or any combination which includes Tract 3.

NOTE: The following items do not stay and will be removed by the Seller prior to delivering possession: Chicken coop, mini barn, hoop greenhouse, school house, all solar panels and associated equipment. In the north house: cabinets in pantry, 1 set of cabinets on the south porch, kitchen cabinets on the north wall, water softener, LP gas heaters and wood stove. In the south house: the wood stove. In the shop: the hydraulic pipe, filters for air lines (white lines stay), LP lines and the 2 wood stoves.

PLANNING APPROVAL: The sale of all tracts is subject to any governmental planning approval or other necessary governmental approval. The real estate is being offered for agricultural purposes, and any construction on the property may require governmental approval.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

EASEMENTS: Subject to any and all existing easements.

AGENCY: Schrader Real Estate & 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 Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. 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 Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller 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.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

STOCK PHOTOGRAPHY: Wildlife photo is for illustrative purposes only and is not of the auction property.

Information Booklet

Auction Brochure

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