SOLD

LAND AUCTION - 61+/- ACRES IN JASPER COUNTY, INDIANA

Jasper County, Indiana

Owner: Marvin Jordan Thu, Sep 22, 2016 EASTERN

AUCTION IS OVER

TOTAL SOLD: $555,000

Tract(s): 1 @ $555,000 ($9,098/acre)

6PM EASTERN TIME • 61+/- Acres • One Field • Nearly All Tillable • Productive Farmland • 4.5+/- miles Southwest of Francesville • 11+/- Northeast of Rensselaer • Online Bidding Available


OPEN HOUSE/INSPECTION DATES

Wednesday, September 7, 3-5 PM Eastern.
Meet a Schrader representative at the south end of the property on 400 S. For private showing, contact an auction manager.

PROPERTY LOCATION

From Rensselaer: go east on State Road 114 approximately 9 1/4 miles to 450 E. Turn north (left) on 450 E. and go 1-1/2 miles to 400 S. Turn east (right) and go 1/2 mile to the property on the north side of 400 S.
From Francesville: On the southwest side of Francesville at U.S. 421 and 500 S, go west on 500 S. (turns into 200 S. in Jasper County) and travel 2-1/2 miles to 550 E. Turn south (left) onto 550 E. and go 1-1/2 miles to 350 S. Take the curve to the west (right) onto 350 S. and go approximately .3 miles to the property on the south side of 350 S. Part of Section 13, T29N, R5W (Hanging Grove Twp.)

AUCTION LOCATION

Francesville/Salem Township Fire Station, 122 E. Montgomery St., Francesville, IN 47946.
From U.S. 421 in Francesville, go east on Montgomery St. for approximately 1/2 mile to auction site on the northwest corner of E. Montgomery and N. Brooks Streets.

PROPERTY DESCRIPTION

61+/- acres; Productive soils, nearly all tillable and in one field. Road frontage on County Roads 400 S. and 350 S. A drainage ditch is located at the north end of the property along the south side of 350 S.
FSA INFORMATION: Farm 6694 - Tract 18290 (Includes land that is not part of auction property)
Cropland 96.03 Acres

  • Wheat Base 24.75 Acres ......PLC Yield 65
  • Corn Base 56.01 Acres ...... PLC Yield 159
  • Soybean Base 11.14 Acres...PLC Yield 43
    REAL ESTATE TAXES: 2015 payable 2016: $901.46. Drainage assessments $61.16


    AREA MAP

  • TRACT MAP(S)

    SOIL INFORMATION

    AREA MAP(S)

    PROCEDURE: The property will be offered as a total 61+/- acre unit. There will be open bidding during the auction as determined by the Auctioneer.

    DOWN PAYMENT: 10% down payment on the day of auction. 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: The final bid price is subject to the Sellers acceptance or rejection. The successful bidder will be required to sign a Purchase Agreement 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, 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.

    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 and Seller. All lender costs shall be paid by the Buyer.

    POSSESSION: Possession is at closing subject to the tenants rights for the 2016 growing crop.

    REAL ESTATE TAXES: Seller shall pay all 2016 real estate taxes due and payable in 2017. 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 county tax parcel data, county GIS, existing survey, and aerial mapping.

    SURVEY: Seller will provide, at Sellers expense, a new survey of a narrow strip near the southwest part of the property which will be excluded from the sale, as approximately depicted in the auction tract map. It is expected that the property will be conveyed using existing legal description(s), but with a newly-surveyed exception for the excluded strip. A new perimeter survey of the auction property will not be provided unless a new perimeter survey is required in order to record the conveyance or unless otherwise deemed necessary or appropriate in Sellers sole discretion. If a new perimeter survey of the property is provided, the survey costs shall be shared equally (50:50) between Buyer and Seller and the purchase price shall be adjusted proportionately to reflect the difference, if any, between the advertised acres and surveyed acres.

    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. An inspection date has 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.

    Auction Brochure

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