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LAND AUCTION - 75+/- ACRES OFFERED IN 4 TRACTS IN WAYNE COUNTY, INDIANA

Centerville, Indiana - Wayne County - Center Twp.

Owner: Pearl J. Gasper Trust, George Slater, Trustee Thu, Oct 25, 6:00 PM

• 75+/- Acres offered in 4 Tracts • 72+/- FSA Crop Acres • QUALITY SOILS - 2019 Crop Rights to BUYER • Located in the Centerville School District • Great Location w/good Road Frontage • Potential Building Sites • Tracts ranging from 5-25 Acres • Online Bidding Available • Be Prepared to Bid Your Price!! • The GASPER FARM presents quality soils in a GREAT LOCATION. Examine the potential for Estate-sized building sites combined with Agricultural Income.


OPEN HOUSE/INSPECTION DATES


Thursday, Oct. 4th & Thursday, Oct. 18th from 10AM-11AM

PROPERTY LOCATION

Section 32 of Center Twp., Wayne County. From US 40 and stoplight in Centerville, travel east 1/2 mile to the east edge of town. Turn right or south on Mattie Harris Rd. Continue for 1 mile to the farm on your left. Frontage on Mattie Harris and Shoemaker Roads.

AUCTION LOCATION

The Golay Community Center located at 1007 E. Main St. (US 40) Cambridge City, IN. Located at the corner of SR1 and US 40.

TRACT DESCRIPTIONS

Tract 1: 5.5± ac located at the corner of Mattie Harris and Shoemaker Roads. Nearly all tillable. Potential building site or consider combining with Tract 2 for a 30+/- acre investment.

Tract 2: 24.5± ac with 21+/- tillable acres. Frontage on Shoemaker Road. Consider this for an impressive potential building tract.

Tract 3: 25± ac nearly all tillable. East border of property features a mature tree line. Located in the CENTERVILLE-ABINGTON School District.

Tract 4: 20± ac nearly all tillable. This tract is adjacent to the Bossert subdivision and has frontage on Mattie Harris Road. Great opportunity here! Consider combining with Tract 3.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as a total 75+/- 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 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, with a targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession on all tracts will be delivered at closing. Buyer to receive 2019 CROP RIGHTS!

REAL ESTATE TAXES / ASSESSMENTS: Seller will pay 2018 taxes due and payable in 2019 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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