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LAND AUCTION - 90+/- ACRES IN 2 TRACTS IN HENRY COUNTY, INDIANA

Straughn, Indiana - Henry County - Dudley TWP.

Owner: Diana Lynn Wilson Wed, Sep 12, 6:00 PM

• 90+/- Acres offered in 2 Tracts • 88+/- FSA Crop Acres • 2019 Crop Rights to Buyer • Quality Cyclone, Crosby & Miamian Soils • Top Agricultural Area • Investment Quality - 1031 Exchange Potential • Attention Farmers & Investors!! • Come examine all of the possibilities!! • Online Bidding Available


OPEN HOUSE/INSPECTION DATES


Wed. August 22 from 12pm-1pm
Thurs. August 30 from 9am-10am

PROPERTY LOCATION

Located in Section 27 & 28 of Dudley Township, Henry County, IN. With frontage on CR 425 E just 1/4 mile north of US 40. From I-70, take exit 131 south 2.5 miles to US 40, then right (west) 2 miles to CR 425 E. Turn right (north) and farm will be on your right-hand side.

AUCTION LOCATION

The Gathering. Located at 902 E. Main St. (US 40) Lewisville, IN 47352. 35 Miles east of Indianapolis - 20 Miles west of Richmond, IN.

TRACT DESCRIPTIONS

Tract 1: 80± ac with 78+/- tillable. Featuring a good mix of Cyclone, Crosby and Miamian soils. Approximately 1,300 ft. of frontage on CR 425 E. Good drainage potential with Harry Goldman County Ditch running through this field. Great investment potential.

Tract 2: 10± ac of level productive land that is nearly all tillable. Approximately 350 ft.+/- of frontage. Consider combining with Tract 1 to have 90+/- acres of contiguous farmland!

TRACT MAP(S)

SOIL INFORMATION

PLAT MAP(S)

AREA MAP(S)

PROCEDURES: The property will be offered in 2 individual tracts, any combination of tracts, or as a total 90+/- 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: The Seller will provide a Preliminary Title Commitment for the review of the prospective buyer(s). At closing, the seller will provide a title insurance 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 17th, 2018.

POSSESSION: Possession will be delivered at closing subject to the 2018 crop lease. 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. 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 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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