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LAND AUCTION - 84+/- ACRES IN RUSH COUNTY, INDIANA

Arlington, Indiana - Rush County - Posey Twp.

Owner: Franklin County Farmers Mutual Insurance Company Thu, Sep 6, 6:00 PM

• 84+/- Acres • 75+/- FSA Crop Acres • 2019 Crop Rights to Buyer • Quality TREATY SOILS • Whole Farm Corn Index of 152 • Top Agricultural Community • Frontage on IN SR 52 & CR N. 980 W.


OPEN HOUSE/INSPECTION DATES


Thursday, August 16 from 9-10am
Wednesday, August 22 from 9-10am

PROPERTY LOCATION

Located in the southwest corner of Section 15 of Posey Township, Rush County, IN. With frontage on N CR 980 W and IN SR 52. Approximately, 1.5 miles west of Arlington, IN. Property is 1/2 mile east of the Shelby/Rush County line. 20 miles southeast of Indianapolis, 10 miles west of Rushville, 5 miles east of Morristown.

AUCTION LOCATION

Posey Township Fire House (Arlington, IN). Located at 7560 W. US Highway 52, Arlington, IN 46104. (Just a 1/2 mile southeast of the Farm).

PROPERTY DESCRIPTION

84+/- acres with 75+/- productive tillable acres in Rush County, Posey Township. Property is located in the corner of Section(s) 15, 16 & 21. Features a predominant mix of Treaty soils with an impressive weighted Corn Productivity Index of 152+. The property has abundant road frontage and is split by IN SR 52 and CR N 980 W. The farm is located only 5 miles from the Bunge Soybean Processing plant in Morristown, IN. The farm is broken into 3 tillable fields and offers 32+/- acres south and 52+/- acres north of the railroad tracts. Come BID YOUR PRICE!

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURES: The property will be offered in its entirety as one farm.

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 Commitment for the review of the prospective buyer(s). At closing, the seller will provide title insurance (consistent with the Preliminary Report) in the amount of the purchase price All tracts sold As-Is.

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

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before October 10th, 2018.

POSSESSION: Possession will be delivered at closing subject to the tenants right for the crop in the field. Buyer to receive 2019 CROP RIGHTS!

REAL ESTATE TAXES/ASSESSMENTS: Seller will pay all 2018 taxes due in 2019 by giving a credit at closing equal to the last assessment of record. All taxes due after closing will be the responsibility of the Buyer.

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. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. At this time, it is expected that a new survey will NOT be needed.

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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