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LAND AUCTION - 40.12+/- ACRES IN NEWTON COUNTY, INDIANA

Newton County, Indiana

Owner: Estate of Elizabeth Ann Parker - Thomas G. Parker, PR of estate proceeding in NV and Harry J. Falk, PR of Indiana ancillary estate proceeding Tue, Nov 28, 5:00 PM

• 40.12+/- Acres offered in 1 Tract • 4+/- miles north of Kentland • Productive Selma Loam and Darroch Silt Loam Soils • All Tillable except Road • 5PM CENTRAL TIME


OPEN HOUSE/INSPECTION DATES

Tuesday, November 14th, 2-4 PM Central.
Meet a Schrader representative at the property along 300 W.

PROPERTY LOCATION

From Kentland at the intersection of U.S. 41 and U.S. 24, go north on U.S. 41 approximately 4-1/4 miles to 1150 S. Turn west (left) onto 1150 S and go approximately 3/4 mile to 300 W. Turn north (right) onto 300 W and go approximately 1/4 mile to the property on the west side of the road. Part of Section 33, T28N, R9W (Washington Twp.)

AUCTION LOCATION

South Newton High School Library/Media Center, 13102 S. 50 E. Kentland, IN 47951.
From Kentland at the intersection of U.S. 41 and U.S. 24, travel east on U.S. 24 for approximately 2.9 miles to County Road 50 E. Turn north (left) onto 50 E. and travel approximately 2-3/4 miles to the auction site on the left. Enter the School through door 6 on the east side of the building.

TRACT DESCRIPTIONS

Tract 1: 40.1± ac
TRACT 1: 40.12+/- ACRES Productive Selma loam and Darroch silt loam soils with 39.59 cropland acres per FSA. The property has frontage on County Road 300 W.
REAL ESTATE TAXES: 2016 payable 2017: $1,425.88
DRAINAGE ASSESSMENTS: $4.23
FSA INFORMATION: Farm #1021 - Tract 485
Farmland - 39.59 acres
Cropland - 39.59 acres
Corn Base - 19.3 acres, PLC Yield - 162
Soybean Base - 20.2 acres, PLC Yield - 42

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered as a total 40.12+/- 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 Personal Representatives 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 tenant rights for the 2017 crop.

REAL ESTATE TAXES: Seller shall pay all 2017 real estate taxes due and payable in 2018. Buyer shall assume any taxes thereafter. Buyer shall pay all other assessments including drainage assessments, if any, that are last payable without a penalty after the date of closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on county tax parcel data, county GIS and/or aerial mapping.

SURVEY: The Seller shall provide a new survey and the type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Seller and Buyer shall each pay half (50:50) of the cost of that survey. Final sales price shall be adjusted to reflect any difference between 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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