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191 Acres Offered in 7 Tracts
Tue, Sep 14, 6:00 PM
Northwest of Kokomo, Indiana - Cass County

Owner: Julia E. Achor Estate

• Productive Tillable Land • Recreation & Wooded Land • Nice Country Home with Buildings • Large 4.6 Acre Lot • Tracts Ranging from 1.7 to 54 Acres • Northwest of Kokomo, IN • South of Logansport, IN

OPEN HOUSE/INSPECTION DATES
Sunday, August 22 from 1-3 PM
Sunday, August 29 from 1-3 PM
Or by appointment.
Walk over land inspections welcomed.

PROPERTY LOCATION
From Walton, IN on St. Rd. 218, travel west 4 miles to Co. Rd. 300E, then south 4 miles to property, or from Galveston, IN on St. Rd. 18, travel west 6 1/2 miles to Co. Rd. 300E (1 mile east of Young America), then north 2 1/2 miles to property.

AUCTION LOCATION
Center United Methodist Church Community Center. From Walton, IN on St. Rd. 218, travel west 5 miles to Co. Rd. 200E, then south 4.25 miles to Co. Rd. 1125S, then west 1/4 mile to auction site, or from Young America, IN on St. Rd. 18, travel north on Co. Rd. 150E 1 mile to Co. Rd. 1250S, then east 1/2 mile to Co. Rd. 200E, then north 1 ½ mile to Co. Rd. 1125S, then west 1/4 mile.

PROPERTY DESCRIPTION
Farm Equipment
Auction
Friday, Nov. 26 at 10:30 AM
JD Tractors, JD Combine, Planting, Tillage, Farm Related, Household

TRACT DESCRIPTIONS
Tract 1: 4.5± ac Approximately 2,325 sq. ft., 1 1/2 story, 4 bedroom country home on spacious 4.5 acre lot. Home consists of living room, dining room, 1 bath, kitchen, like new seamless steel roof and central air. Property includes 50ft.x64ft., 54ft.x64ft., 40ft.x54ft. pole buildings, 1 with concrete floor, 30ft.x40ft. and 24ft.x48ft. open front machine sheds, a Morton 30ft.x70ft. swine finishing barn, other storage sheds and a Superior 5000 bu. drying bin. Check out possibilities for mini farm or just enjoy spacious country living.
Tract 2: 1.7± ac acre swing tract. Combine with Tract 1 for pasture or for larger home lot. Or combine with Tract 3 for access from 300E.
Tract 3: 21± ac very productive tillable land w/ 20ft.x30ft. older building.
Tract 4: 52± ac very productive tillable land. Combine with Tract 3 for 73 acre tillable tract.
Tract 5: 39.4± ac with frontage on both 300E
Tract 6: 52± ac with frontage on both 300E
Tract 7: 20± ac recreation, hunting or investment for future timber harvest. Creek frontage. 50ft. access from 300E and access from 1100S. Approximately 35ft. grass filter strip on north side of tract. There are 5 walnut trees for possible removal, call Auction company for details.


SOIL INFORMATION

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PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts with swing tract limitations, or as a total 191+/- 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 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.

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. Tract divisions will be subject to Porter County Planning approval.

EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Tract 1 (home & buildings), November 29, 2010. Tillable land is subject to harvest 2010 crops. Wooded land at closing.

REAL ESTATE TAXES: Prorated to date of closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have 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 this auction. 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 Seller’s option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

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 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.