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PRIME LAND AUCTION - 244+/- ACRES OFFERED IN 4 TRACTS IN UNION CO., IN & PREBLE CO., OH

Liberty, Indiana & Camden, Ohio

Owner: Brian D. Banks Thu, Nov 2, 6:00 PM

• 244+/- Acres offered in 4 Tracts • Tracts ranging from 35 to 84 acres • 214.49+/- FSA Crop Acres • Top Soils - 2018 Crop Rights to BUYER • Along Indiana/Ohio State Line • Great Location in Top Agricultural Area! • Country Home with Barns, Bins & Established Pasture • Potential Income with adjacent Electric Substation • Near Eaton & Oxford, Ohio • 30 min. West of Dayton, Ohio • 45 min. to Cincinnati • 15 min. to Richmond, IN • Online Bidding Available • Come examine all of the possibilities this property has to offer!


OPEN HOUSE/INSPECTION DATES

Friday, Oct. 6 from 9:00 AM - 10:30 AM
Friday, Oct. 20 from 9:00 AM - 10:30 AM

Or Call Agent to Schedule Showing

PROPERTY LOCATION

Section 12 of Center Township, Union County, IN and Section 7 of Israel Township, Preble County, OH. Commonly known as 5438 E. SR 44, Liberty, IN. From Liberty, Travel east on SR 44, 5 miles to the property on the left. As SR 44 turns north at the IN/OH state-line, continue straight (north on State Line Rd.) the property sits on both sides of the road and also has frontage on Campbell Road. NOTE: At the state line, IN SR 44 turns into OH SR 725.

AUCTION LOCATION

Union County 4-H Community Building in Liberty. From the intersection of Hwy. 27 and Hwy. 44 east on Union St. to end of street, Community Building is on the left. 411 Patriot Blvd., Liberty, IN.

TRACT DESCRIPTIONS

Tract 1: 69± ac nearly all tillable except waterway. Frontage on State Line and Campbell Roads. Nearly level field with great access. Quality Fincastle and Cyclone soils.
Preble County, Israel Township, Section 7 Farm # 1

Tract 2: 83± ac with estimated 81 acres of cropland. Frontage on State Line Road. A mix of high quality soils including Reesville, Russell and Brookston. Consider this as an investment tract or adding to your current operation.
Union County, Center Township, Section 12 Farm # 2

Tract 3: 57± ac with estimated 40 acres of cropland and 11.5+/- acres of fenced pasture. Farmstead with home and buildings including 1960 sf house, 40 ft. x 48 ft. bank barn, 31 ft. x 51 ft. metal sided machinery shed, (2) Brock grain bins- 7K and 8K bushel capacity with gas heaters and centrifugal fans. Features predominately Russell and Genesee silt loams. Very nice location with SR 44 frontage (5738 E. SR 44). Note: House is subject to 3+/- years remaining on a non-income producing residential lease.
Union County, Center Township, Section 12 Farm # 2

Tract 4: 35± ac with 28+/- acres cropland and about 2 acres of woodland. Frontage on SR 44 with established field entrance. Quality soils bordered on the east by an open ditch.
Union County, Center Township, Section 12 Farm # 2

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as the total 244+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

DOWN PAYMENT: Real Estate 10% down payment on the day of the 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: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: Tract 1 (Ohio Property): The Seller will provide a Preliminary Title Opinion for the review of the prospective buyer(s). If Buyer(s) elect to have title insurance, the entire cost of the owners title insurance will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record. All tracts sold As-Is. Tracts 2-4 (Indiana Property): Sellers shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller(s) shall provide a Warranty Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before December 6th, 2017.

POSSESSION: Possession will be delivered at closing on all crop land and agricultural buildings. Buyer to receive 2018 CROP RIGHTS! House possession is at closing subject to 3+/- years remaining on a non-income producing residential lease.

REAL ESTATE TAXES / ASSESSMENTS: Taxes will be pro-rated to the date of closing using local methods.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.

EASEMENTS & LEASES: 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.

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 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, 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 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 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 COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.

Auction Brochure

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