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LAND AUCTION - 157+/- ACRES OFFERED IN 4 TRACTS IN WHITLEY COUNTY, INDIANA

Whitley County, Indiana

Owner: Keuneke Estate Wed, Apr 12, 6:00 PM

• 157+/- Acres offered in 4 Tracts • Productive Tillable Land • Pewamo & Blount Soils • Excellent Drainage Outlets • Potential Building Sites • Mature Woods • 2017 Farming Rights! • 7+/- miles southeast of South Whitley • 12+/- miles south of Columbia City • 19+/- miles west of Fort Wayne


OPEN HOUSE/INSPECTION DATES



Walk over inspection available at any time. Call Ritter Cox or Kevin Jordan for details.

PROPERTY LOCATION

From Intersection of SR 114 and SR 9 travel north on SR 9 1 miles to CR 1000 S (Whitley Co.) Turn left on CR 1000 S and travel 3-1/2 miles to the property, on north and south side of the road.

AUCTION LOCATION

Eagles Nest Event Center, 125 S Eagle Glen Trail, Columbia City, Indiana, located in Eagle Glen Golf Course. Just north of US 30 on SR 205 to the Eagle Glen Subdivision.

TRACT DESCRIPTIONS

Tract 1: 26± ac of productive farmland. 24.38+/- acres of cropland per FSA, including a high percent of Blount and Pewamo soils with good drainage outlets.

Tract 2: 44± ac with a mix of productive tillable farmland and recreational wooded land. 38.03+/- acres of cropland per FSA, with a high percentage being highly productive Blount and Pewamo soils including good drainage outlets. Possible building tract for country home with highly productive income producing soils.

Tract 3: 68± ac of level productive tillable farmland. Tract includes a mixture of Blount silt loam, Pewamo and some Glynwoood loam. Combine with tracts 1 and 2 for 130.46+/- acres of total cropland and some of the most productive soils in this area.

Tract 4: 19± ac of recreational wooded ground. Hunting and timber possibilities abound in this nice woods. Possible wooded building site with approximately 375 feet of road frontage on CR 1000 S.


INTERACTIVE MAP

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: This property will be offered in 4 individual tracts or any combination of tracts, and as a total 157+/- acres. 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.

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.

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. CLOSING: The balance of the purchase price is due at closing. Closing to be held within 30 days after auction or as soon as possible upon attaining subdivision approval if applicable.

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

POSSESSION: Immediate possession for farming purposes available. Contact Auction Company for details.

REAL ESTATE TAXES: Buyer shall assume the 2017 real estate taxes due in 2018. Buyer shall assume any 2017 Ditch Assessments due after closing. ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.

SURVEY: The Seller(s) shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Seller, cost of the survey will be split 50:50 between Buyer(s) and Seller. The type of survey performed shall be at the Sellers option 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 Seller. Tracts bid in combinations shall receive a perimeter survey only. AGENCY: Schrader Real Estate and 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 conduction 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 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.

Auction Brochure

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