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REAL ESTATE AUCTION - 54+/- ACRES OFFERED IN 5 TRACTS IN ALLEN COUNTY, INDIANA

Woodburn, Indiana - Allen County, Indiana

Owner: Gregory L. Reed Revocable Living Trust - Attorney: Mitch ThompsonReed Mon, Jul 23, 6:00 PM

2 DATES - 2 AUCTIONS - REAL ESTATE ON MONDAY, JULY 23 @ 6PM - PERSONAL PROPERTY ON SATURDAY, JULY 21 @ 9AM • 54+/- Acres offered in 5 Tracts • 2 Barns • Pond • Tillable Land • Building Sites • Online Bidding Available


OPEN HOUSE/INSPECTION DATES



MEET A SCHRADER REPRESENTATIVE AT BOTH PROPERTIES:
WEDNESDAY, JUNE 27 from 5-7PM OR
CALL OFFICE FOR PRIVATE SHOWING

PROPERTY LOCATION

23914 MAUMEE CENTER ROAD, WOODBURN Located just 1/2 mile east off of S.R. 101, north of Woodburn.

AUCTION LOCATION

WOODBURN COMMUNITY CENTER - Located at 22651 Main Street, Woodburn. Corner Main and S.R. 101.

TRACT DESCRIPTIONS

Tract 1: 4.9± ac 32 ft. x 96 ft. POLE BARN, POND, SHOOTING RANGE, 4.94+/- ACRES.
This Tract is approx. 185 ft. wide and approx. 1200 ft. deep. The building is 32 ft.x96 ft. with one overhead door and one slider, plus service doors. It is all concrete floor with metal roof. The room sizes are 47 ft. x 31 ft., 31 ft. x 31 ft., and 15 ft. x 31 ft.. There is a full length 10 ft. overhead porch on the back facing the pond. The stocked pond is approximately 1/2 acre. There is a mounded shooting backstop behind the pond.

Tract 2: 5.00± ac ALL TILLABLE LAND This tract is also approx. 185 ft. wide and 1200 ft. deep. It is mostly all tillable land. Combine this with Tract 1 for a nearly 10 acre estate site!

Tract 3: 21.4± ac This tract lies adjacent to Tract 2 and has nearly 600 ft. of road frontage. It is mostly tillable land and the back boundary is the drain to the south and east. The soils on these tracts are a combination of Nappanee silt loam and Hoytville silty clay.
TRACTS 4 & 5 ARE LOCATED AT 6385 STATE LINE ROAD (Located between Ohio Road 111 and Old U.S. 24)

Tract 4: 7± ac A 40 ft.x130 ft. METAL BUILDING AND 7+/- ACRES.
This tract has approx. 170 ft. of road frontage and runs back to the railroad right of way approx. 1200 ft.. The building was a livestock confinement building and is all concrete floor and being used as a storage building. There is a full length concrete porch and retaining wall. The manure pits behind the building have been filled in. The drive onto this property is subject to an ingress / eagress easement to the neighboring property.

Tract 5: 16± ac This tract is mostly tillable with approx. 450 ft. of road frontage. The south border of this tract is an open drain. A great opportunity for a possible mini farm site!


INTERACTIVE MAP

TRACT MAP(S)

TRACTS 1-3

TRACTS 4-5

SOIL INFORMATION


TRACTS 1-3


TRACTS 4-5

AREA MAP(S)

PROCEDURE: The property will be offered in 5 individual tracts, and in any combination of these tracts, or as a total unit. 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. The property will be bid in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% Cash down payment at close of auction for individual tracts or combination of tracts. The down payment may be made in the form of Cash or cashiers check or a personal or corporate check immediately negotiable. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL OF BID PRICES: At the close of the auction, Buyer(s) will be required to execute an Agreement to Purchase Real Estate and Addendum. The terms of this agreement and addendum are non-negotiable. All final bid prices are subject to the Sellers acceptance or rejection.

DEED: Seller shall provide a Trustees deed. Real Estate sold subject to all rights of way, legal highways, leases, and easements of public road and utilities.

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

CLOSING: Balance of purchase price is due in cash at closing, which will take place on or before August 23, 2018. The cost for an insured closing will be shared 50/50 between Buyer and Seller. All lenders costs shall be paid by the Buyer(s).

POSSESSION: Possession of the tracts with buildings shall be at day of closing. Possession of the tillable acres shall be subject to Tenant Farmers 2018 hay crop.

REAL ESTATE TAXES: The Real Estate Taxes shall be pro-rated to the date of closing. The Buyer(s) shall pay all thereafter.

DITCH ASSESSMENTS: Buyer(s) shall pay all ditch assessments due after closing.

ACREAGE: All tract acreage, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller 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. The cost of the survey will be split 50/50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, except Tract 9 and any combination that contains Tract 9. In the event that the entire property sells to one buyer there shall be no survey.

PROPERTY INSPECTION: Each potential Bidder is responsible to conduct, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Please feel free to inspect the land at any other time at your own risk and being careful to respect the tenant farmers growing crops.

EASEMENTS: All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any will be assigned to the Buyer.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Your bids are to be based solely upon your inspection. All real estate is sold as is without physical warranty. Seller and agent are not assuming any responsibility for warranty of any specific zoning classifications, location of utilities, assurance of building permits, driveway permits or water and septic permits. The property is being sold on an 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. 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. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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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