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FARMLAND AUCTION - 122+/- ACRES IN 4 TRACTS FROM 22-43 ACRES IN FAYETTE COUNTY, INDIANA

Connersville, Indiana - Fayette County - Jennings Township - between Connersville & Liberty, Indiana

Owner: Griffin Family Trust, Tony Alan Griffin & Cathianne Griffin, Trustees Tue, Jan 30, 6:00 PM

• 122+/- Acres in 4 Tracts from 22-43 acres • 107+/- FSA Crop Acres • Predominantly Russel Soils • 2018 Crop Rights to Buyer • Mature Woods for Hunting and Recreation • Potential Rural Building Sites • Great Location with good Road Frontage • Municipal Water • Online Bidding Available • The Griffin Farm presents opportunity for the Farmer, Hunter & Potential Rural Home Builder. Come examine the possibilities!


PROPERTY LOCATION

Section 2 of Jennings Twp., Fayette County. Located at the southeast corner of Alquina with frontage on Alquina Rd. and CR 450 E. From Connersville and the junction of SR 1 and SR 44 travel east 4 miles on SR 44 to CR 450 E. Then south 1.5 miles to the Farm. OR 6 miles west of LIBERTY, IN on SR 44 to CR 450 E.

AUCTION LOCATION

Fayette County Fairgrounds (Expo Building) located at 2690 N. Park Rd., Connersville, IN 47331. (Behind Dairy Queen.)

TRACT DESCRIPTIONS

Tract 1: 23± ac with 21+/- Acres tillable. 400 ft.+/- frontage on Alquina Rd. Many potential uses here. Predominantly Russell soils.

Tract 2: 34± ac with 30+/- tillable acres consisting of Russell and Miami soils. 1,100 ft.+/- of frontage on Alquina Rd. 3+/- acres of mature woods located at the southwest corner of this tract.

Tract 3: 22± ac 16.5+/- acres of tillable land. Municipal water at the road. Examine the possibility of making this your place in the country. 330 ft.+/- of frontage on CR 450 E.

Tract 4: 43± ac with 38.5+/- tillable. Nice size field with 330 ft.+/- frontage on Alquina and 1500 ft.+/- on CR 450 E. Features about 2+/- acres of trees and woodland along the south border.

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as a total 122+/- acre unit. There will be open bidding on all tracts and combinations, subject to swing tract limitations, 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: The Seller will provide a Preliminary Title Opinion for the review of the prospective buyer(s). At closing, the Seller will provide a Title insurance policy in the amount of the purchase price. All tracts sold As-Is.

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

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before March 2nd, 2018.

POSSESSION: Possession on all tracts will be delivered at closing. Buyer to receive 2018 CROP RIGHTS!

REAL ESTATE TAXES / ASSESSMENTS: Seller will pay 2017 taxes due and payable in 2018 by giving the Buyer a credit at closing.

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. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. If the property sells in its entirety, no new survey will be completed.

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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