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PRIME CENTRAL INDIANA FARMLAND AUCTION - 397+/- ACRES OFFERED IN 5 TRACTS IN CASS COUNTY, INDIANA

Cass County, Indiana

Owner: Bailey Trust Thu, Sep 8, 2016

SOLD FOR $3,475,000

• 397+/- Acres offered in 5 Tracts • Prime Tillable Farm Land • Excellent Corn & Soybean Yields • Excellent Investment Opportunity! • Cass County • Located 2 Miles West of Walton, Indiana or 6 miles South of Logansport • Online Bidding Available


Bailey Information Book


OPEN HOUSE/INSPECTION DATES

Thursday, August 4 from 3 - 5 PM
Wednesday, August 17 from 3 - 7 PM

Meet a Schrader representative at the Northeast corner of Tract 1

PROPERTY LOCATION

(TRACTS 1&2) From Walton, Indiana travel West on St. Rd. 218 for approximately 3 miles to Co. Rd. 400 E. turn South (left) go 1-1/2 miles to Tract #1.
(TRACTS 3-5) From Walton, Indiana travel West on St. Rd. 218 for approximately 2 miles to Co. Rd. 500 E. turn South (left) go 1/2 mile to Tract #3.

AUCTION LOCATION

Walton Christian Church, 103 Bishop St., Walton, IN 46994. At the intersection of St. Rd. 218 & US 35 in Walton, IN at the light, travel 4 blocks South to Walton Christian Church on the West (right) side of US 35.

TRACT DESCRIPTIONS

Tract 1: 100± ac of prime tillable farm land with frontage on Co. Rd. 400 East. The two prominent soil types are Cyclone silt loam and Fincastle silt loam with an overall corn yield index of approximately 180 bushel/acre according to surety mapping index.

Tract 2: 89± ac of prime tillable farm land with road frontage on Co. Rd. 400 East and Co. Rd. 900 South. The two prominent soil types are Cyclone silt loam and Fincastle silt loam with an overall corn yield index of approximately 180 bushel/acre according to surety mapping index.
Combine tracts 1 & 2 for 189 acres of contiguous prime tillable farm land.

Tract 3: 82± ac with approximately 76.6 acres of prime tillable farmland with frontage of Co. Rd. 750 S. and Co. Rd. 500 E. for easy access. This tract is bordered on the south side by Toney Ditch for excellent outlet for drainage. The two soil types on this property are Cyclone silt loam and Fincastle silt loam - two of the most productive soils in Cass County.

Tract 4: 103± ac with approximately 99.92 acres of prime tillable farmland. This tract features two soil types Fincastle silt loam and Cyclone silt loam for a weighted corn productive index of approx- imately 178 bushels/acre. Toney Ditch forms the northern boundary of this tract providing an excellent drainage outlet. Frontage on Co. Rd. 800 S.

Tract 5: 23± ac one silt loam and Fincastle silt loam. This tract has frontage on Co. Rd. 800 S. and Co. Rd 500 E. for easy access.
Combine tracts 3-5 for a total of 203 acres with road frontage on 3 sides.


INTERACTIVE MAP

TRACT MAP(S)

PLAT MAP(S)

Washington Twp.

Deer Creek Twp.

AREA MAP(S)

PROCEDURE: Bid on individual tracts any combination of tracts or on the entire property. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. 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 will provide Trustees deeds.

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

CLOSING: Closing shall take place in 15 days after marketable title.

POSSESSION: At closing subject to tenants rights.

REAL ESTATE TAXES: The Seller shall pay the 2016 real estate taxes, due in 2017. The Buyer shall pay all taxes thereafter.

DITCH ASSESSMENTS: The Buyers shall pay any ditch taxes due if any after closing.

SURVEY: The Seller shall determine any need for a new survey. Tracts purchased separately or in combinations that contain entire existing legal descriptions shall not be surveyed any balance of the Tracts purchased shall be surveyed and price adjusted according to surveyed acres using the existing legal as the basis for the non surveyed portions. Any new survey provided shall be for the perimeter only, when tracts are combined. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres. There shall be no adjustment on Tracts or combinations of Tracts with improvements. The survey costs shall be shared 50:50 between Buyer(s) and Seller. Seller shall not be responsible for any closing costs incurred by the Buyer(s) for financing.

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. 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.

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.