AUCTION IS OVER

TOTAL SOLD: $152,500

Tract(s): 1-3

@ $152,500

($4,703/acre)

• 32.42+/- Acres in 3 Tracts • Lakefront & Channel Front • Woods & Recreational • Excellent hunting & fishing • Potential non-wooded and wooded building sites

OPEN HOUSE/INSPECTION DATES

For a private real estate inspection, call the auction manager

PROPERTY LOCATION

North of Pierceton, Indiana on SR 13 to Old US 30, turn east 1.5 miles to CR900 E, then turn north 1 mile to Adams Rd. then turn east 1 Mile, Tracts 2 & 3 on EMS R4LN.

AUCTION LOCATION

At the Pierceton American Legion, 104 N, 1st St., on SR 13 south of US 30 downtown Pierceton.

TRACT DESCRIPTIONS

Tract 1: 8± ac Excellent potential building site on gently rolling and nearly all wooded parcel, with 630 ft. of channel front on Elder Ditch. 75 ft. of frontage on Adams Road and EMS R4LN. Ingress egress easement shall be granted to the buyer of tract 1 across the existing entrance on tract 2 from adams road.

Tract 2: 8± ac on EMS R4LN with great potential hillside building site, scenic views, and room for pasture.

Tract 3: 16.4± ac approx. 8 acres of woods; this tract offers great grassland, wetlands, wooded areas and is loaded with deer and other wildlife for hunting and fishing. Potential building site with approximately 850 ft. of lake front on Ridinger Lake. There is CRP Land on this parcel, payments will be made to the new buyer annually until the end date of the CPR contract in 2020.

AREA MAP

TRACT MAP(S)

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: Tracts 1 -3, will be offered in individual tracts, or as a total unit. There will be open bidding on all tracts. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% of the accepted bid as down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, 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.

APPROVAL 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.

DEED: Seller shall provide a Warranty deed.

EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place 30 days after proof of merchantable title.

POSSESSION: at closing.

REAL ESTATE TAXES: Seller shall pay the 2015 taxes due in 2016. Buyers shall pay all taxes thereafter.

DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.

ACREAGE: All acreage is approximate and has 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. Any need for a new survey will be determined solely by the Seller, cost of the survey will be split 50/50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres. In the event that the entire property sells to one buyer there shall be no survey.

EASEMENTS: The sale of the property is subject to any and all easements of record.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. 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. Tract acreage has been estimated based on aerial photographs. The property is being sold on an 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, inquires, 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.

Auction Brochure

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