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LAND AUCTION - 138+/- ACRES OFFERED IN 3 TRACTS IN SPENCER COUNTY, INDIANA

Spencer County, Indiana

Owner: Burkhart Thu, Mar 30, 6:00 PM

• 138+/- Acres offered in 3 Tracts • 60 Tillable Acres • Mature Woods • Great Hunting • Potential Building Sites • 25 miles East of Evansville • 20 miles South of Jasper • Near Gentryville • Online Bidding Available


OPEN HOUSE/INSPECTION DATES

Friday, March 17th from 10AM-12 Noon

PROPERTY LOCATION

From the jct. of Hwy 231 & Hwy 62 just south of Dale, IN, take Hwy 62 south 5.7 mile (through Gentryville) to Co. Rd. 1350N, turn west .8 miles to Co. Rd. 10W, turn North 1 mile to the property.

AUCTION LOCATION

Spencer Co. 4-H Fairgrounds Youth & Community Bldg. 1101 E. Co. Rd. 800N, Chrisney, IN 47611

TRACT DESCRIPTIONS

Tract 1: 60± ac with 31.3 tillable acres, the balance is woodland with mature trees, an excellent income producing property with recreational appeal and building potential.

Tract 2: 61± ac with 22.7 tillable acres, the balance is wooded. An excellent recreational tract with income and building potential.

Tract 3: 17± ac with 6.4 cropland acres, a great hunting tract with income.


INTERACTIVE MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 138+/- 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.

BUYERS PREMIUM: The Contract Purchase Price will include a Buyers Premium equal to 3% of the bid amount.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made 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.

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 Sellers acceptance or rejection.

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

DEED: Seller shall provide a warranty deed.

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 administered closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession at closing subject to tenants rights, if any.

REAL ESTATE TAXES: Seller shall pay the 2016 taxes due in 2017. All future taxes are the buyer(s) responsibility.

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 Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Sellers, on all tracts and tract combinations of 15 acres or more, unless there is a home on that tract or 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 persons credentials, fitness, etc. All decisions of the Auctioneer are final.

STOCK PHOTOS: This brochure contains stock photos depicting deer and turkey which were not taken on the auction property.

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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