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LAND AUCTION - 244+/- ACRES OFFERED IN 4 TRACTS IN MIAMI COUNTY, INDIANA

Miami County, Indiana

Owner: Florence Greer Revocable Living Trust, Larry Greer & Steve Greer, Trustees Wed, Jul 26, 2017

SOLD FOR $950,000

• 244+/- Acres offered in 4 Tracts • 208.07+/- Total Tillable Acres • Productive Miami County Farmland • Two Outbuildings, Potential Grain Set Up • 8 miles North of Peru • 1 mile North of Denver • 15 miles southeast of Rochester • Online Bidding Available


OPEN HOUSE/INSPECTION DATES

Saturday, July 15 from 10AM - 12PM
Meet Todd at the farm on Tract #2 at the outbuildings

PROPERTY LOCATION

North of Denver, IN on Meridian Rd. approximately 1 mile to farm on west side of road. The farm is situated on the southwest corner of West CR 800 North and Meridian Rd. Tracts 1, 2 & 4 are on the south side of CR 800 North and Tract 3 is situated on the north side of CR 800 North. US31 north 7.5 miles from the intersection of Hoosier Heartland (HWY 24) to CR 800 North, then drive east 3 miles to farm.

AUCTION LOCATION

Milestone Event Center, 1458 Liberator Rd. (on Grissom Aeroplex), Peru IN 46970. Turn into the Aeroplex from US 31 by the Air museum which is Hoosier Blvd., Follow Hoosier Blvd. to the next road on your right, Matador. Turn right onto Matador and follow it straight, Milestone Event Center is on your right hand side. Look for the sign saying Milestone on the mount .

TRACT DESCRIPTIONS

Tract 1: 38± ac 37.26 +/- tillable acres with 900 ft. of frontage along CR 600S. Predominant soils: Rensselaer Loam, Wawasee Sandy Loam & Wawasee Loam. Current annual taxes are $910.14 *includes improvements that have been surveyed out for this auction, future tax statements will be affected.

Tract 2: 94± ac 90.82 +/- tillable acres with 1700 ft. of road frontage on CR W 800N & 2300 ft. of road frontage along Meridian Road. Predominant soils: Rensselaer Loam, Wawasee Sandy Loam & Morely Silty Clay Loam. This tract includes a Hog Confinement Building built in 1988 that measures 28 ft.x52 ft. and a Pole Barn built in 1967 that measures 36 ft.x56 ft. with a 12 ft. ceiling. Current annual taxes are $1476.12.

Tract 3: 92.3± ac 61.43 +/- tillable acres with 28.75 +/- acres woods & pasture that has 1200 ft. of frontage on CR W 800N. Predominant soils: Morley Silty Clay Loam, Rensselaer Loam & Glynwood Silt Loam. Current annual taxes are $1411.50.

Tract 4: 20± ac 18.56 +/- tillable acres with 900 ft. of road frontage on CR W 800N. Predominant soils: Brockton Loam, Wawasee Sandy Loam & Chelsea Fine Sand soils. Current annual taxes are $427.32.

Auctioneers Note: The house on Tract 1 has been surveyed out which removes 2 acres from the parent 40 acre tract. Auction manager has new survey on file and is available upon request.

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURE: This property will be offered in 4 individual tracts, combination of tracts, or as a total 244+/- acre unit. The property will be sold in the manner resulting in the highest total sale price.

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 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, which shall take place within 10 days from delivery of marketable title. Closing on or about September 1, 2017 is anticipated. Closing costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers.

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

POSSESSION: Possession shall be given at closing, subject to Tenants Rights to harvest the 2017 crop. Possession of the improvements will be immediately upon closing.

REAL ESTATE TAXES: Buyer shall assume the 2018 real estate taxes due in 2019. Buyer shall assume any Ditch Assessments due in 2018 and thereafter.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.

FSA INFORMATION: The Miami County FSA Office shall make all acreage and base yield determinations.

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

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller, if any.

SURVEY: Current legal descriptions shall be used to convey the property. Any need for a new survey will be determined solely by the Sellers. 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 Sellers. The adjustments will be made only on tracts or combination of tracts that do not contain improvements. A new survey has been prepared for Tract 1 to except the improvements from the farmland.

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 Sellers 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers 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. 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.

Auction Brochure

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