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REAL ESTATE AUCTION - 116.5+/- ACRES IN 9 TRACTS WITH 2 FARMS IN NOBLE COUNTY, INDIANA

Noble County, Indiana

Owner: Betty (Louis) Lash Estate; Daniel Lash, Executor Thu, Nov 1, 2018

SOLD FOR $890,000

• 116.5+/- Acres in 9 Tracts • 2 Farms • Online Bidding Available • Close to Ft Wayne, Auburn, Angola and Ohio! Do not miss this opportunity!


Auction Info Book


OPEN HOUSE/INSPECTION DATES


Friday, Oct. 5 & Tuesday, Oct. 9 from 4:30pm - 6:00pm
Meet a Schrader Representative on Tract 5.

PROPERTY LOCATION

Farm 1: Located east of Avilla, Indiana, 2 miles on St RD 8 to N 1150 E, then north 3/4 mile.
Farm 2: Located east of Avilla, Indiana, 1.5 miles on St RD 8 to N 1100 E/Lemper Rd, then south 1/4 mile.

AUCTION LOCATION

American Legion, 205 Ley St, Avilla, IN 46710

TRACT DESCRIPTIONS

Tract 1: 4± ac
FARM 1: 80+/- ACRES
TRACT 1: 4+/- ACRES
very nice wooded possible building tract on N1150 E/Lash Road.

Tract 2: 4± ac very nice wooded possible building tract on N1150 E/Lash Road.

Tract 3: 14± ac all tillable with 398 ft. frontage on N1150 E/Lash Road.

Tract 4: 35± ac all tillable with 150 ft. frontage on N1150 E/Lash Road.

Tract 5: 6± ac with 2 story, 4 bedroom home, bank barn with lean-to, pole barn, small pole barn and granary with shop. Ideal set up for a 4-H or mini farm. New windows, doors and handicap entryway in 2017. New septic system was installed in 2016, 2-4 inch wells. Home has a battery back up system.

Tract 6: 18± ac SWING TRACT with farm pond, balance is all tillable. This tract must be bought by adjoining land owner or purchased in connection with other advertised tracts.

Tract 7: 10.5± ac
FARM 2: 35.5+/- ACRES
TRACT 7: 10.5+/- ACRES
all tillable with frontage on Lemper Road.

Tract 8: 12± ac all tillable frontage on Lemper Road.

Tract 9: 13± ac SWING TRACT with approximately 7+/- acres tillable with the balance in wooded land. This tract must be bought by adjoining land owner or purchased in connection with other advertised tracts.
East Noble School Corporation

TRACT MAP(S)

TRACTS 1-6

TRACTS 7-9

SOIL INFORMATION


TRACTS 1-6


TRACTS 7-9

AREA MAP(S)

PROCEDURE: The property will be offered in 9 individual tracts, any combination of tracts and as a total 116.5+/- acre 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.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of 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: All successful bidders will be required to enter into Purchase Agreements 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: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed(s).

CLOSING: The targeted closing date will be approximately 30 days after the auction. The balance of the real estate purchase price is due at closing.

POSSESSION: Possession on Tracts 1, 2 & 5 will take place at closing. Tracts 3, 4, 6, 7, 8 and 9 are subject to tenants rights on growing crops.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) and prorated from day of closing.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, 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. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, 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 this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & 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 an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. 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 Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents 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.