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LAND AUCTION - 164+/- ACRES IN 7 TRACTS IN LAGRANGE COUNTY, INDIANA

LaGrange County, Indiana - Near Pretty Lake

Owner: Southport Holdings Mon, Oct 29, 6:00 PM

• 164+/- Acres offered in 7 Tracts • 109+/- Acres - Productive & Tillable • Great Hunting - Mud Lake Monsters • Potential Building & Pond Sites • Wooded Recreational Land • Close to Great Fishing & Water Skiing • Farm is available for the 2019 farming year! • 10+/- miles north of Kendallville • 15+/- miles west of Angola • 40+/- miles north of Fort Wayne • Online Bidding Available


Auction Info Book


OPEN HOUSE/INSPECTION DATES


Tuesday, October 2 & 16 from 4:30-6pm
Meet a Schrader Representative at the property.

PROPERTY LOCATION

Located 2 miles west of Stroh Indiana on 400 S/425 S. Take 400 S to 950 E, travel south one and a half miles to property. Property has 950 E as a border to the west and 500 S as a border to the south. Property is located on the east side of Pretty Lake and Big Long Lake.

AUCTION LOCATION

Stroh Church of Christ, 4540 S 1100 W, Hudson, Indiana 46747, On the southeast edge of Stroh

TRACT DESCRIPTIONS

Tract 1: 36± ac with approximately 33 acres tillable. Consider the potential building sites!

Tract 2: 15± ac consisting of 10+/- acres tillable and 5+/- acres wooded. This site provides recreation along with possible building site.

Tract 3: 11± ac with approximately 7 acres of tillable land with the balance wooded. This tract of land offers a great view for a building site.

Tract 4: 25± ac with 14+/- acres tillable. Consider the great hunting potential, several beautiful potential building sites, and an excellent area for a pond. This type of land does not become available often, so be sure to come and place your bid!

Tract 5: 28± ac with 18+/- acres tillable and 10+/- acres wooded. This tract offers both a great potential building site along with recreation value and a beautiful possible pond site.

Tract 6: 30± ac with 17+/- acres tillable land and 13+/- acres wooded. A great hunting tract!

Tract 7: 19± ac SWING TRACT with approximately 10 acres of tillable and 9+/- acres wooded for excellent hunting & recreational. This “swing” tract must be combined with another tract providing access or bid on by an adjoining landowner.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts (subject to swing tract limitations) and as a total 164-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 balance of the real estate purchase price is due at closing, which will take place approximately 30 days after the auction.

POSSESSION: Possession is at closing, subject to tenants rights to harvest the growing crop.

REAL ESTATE TAXES: Real estate taxes will be prorated to the date 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.