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ABSOLUTE LAND AUCTION - 40+/- ACRES OFFERED IN 6 TRACTS IN DEKALB COUNTY, INDIANA

DeKalb County, Indiana

Owner: Ranch LLC % Mrs. Nancy George Mon, Mar 25, 6:00 PM

• 40+/- Acres offered in 6 Tracts • 25.9+/- Tillable Acres • Building Sites • 3 Bedroom House & Bank Barn • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


OPEN HOUSE/INSPECTION DATES


Meet a Rep at Tract 5
Tuesday, March 5 from 2-4 pm
Wednesday, March 6 from 4-6 pm

PROPERTY LOCATION

South of Auburn, Indiana on CR 427 to CR 66. Location is on northwest corner.

AUCTION LOCATION

DeKalb County Fairgrounds, 708 S. Union St,. Auburn, Indiana, 46706

TRACT DESCRIPTIONS

Tract 1: 6± ac mostly tillable consisting of GnB2 Loam soil with 500 ft. road frontage on CR 427. Ideal for a potential home site, farming, and recreational use. Can be attached Swing Tract 6.

Tract 2: 9± ac rolling, scenic with 480 ft. road frontage on CR 427 consisting mostly of GnB2 Loam soil. Can be joined to Swing Tract 6 for extra land for farming, hunting, recreational use, or potential building site.

Tract 3: 6± ac with 290 ft. road frontage on CR 427. This tract has potential for farming consisting mostly of RE Loam, potential building site, and can be joined to Swing Tracts 4 and/or Tract 6. Access from CR 427.

Tract 4: 3.5± ac SWING TRACT with frontage on CR 66. With approval from DeKalb Co. Surveyor a culvert could be installed in the ditch to provide access from CR 66 to Tract 3.

Tract 5: 2.5± ac with a 1.5 story , 1,280 sq. ft. home, central heat, 3 bdrm, 1 bath, bank barn, chicken house. This parcel can also be attached to Tract 3, Tract 4 and/or Tract 6.

Tract 6: 13± ac SWING TRACT This parcel can be attached to adjacent parcels that are for sale or a neighboring property owner. It consists of wooded area and farm land. Would be ideal for hunting, recreational use, farming, and potential home site.

Real Estate Taxes - $2,216.88, Seller applied spring fertilizer and disked the corn stalks. Total value of $1,650.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: This property will be offered in 6 tracts, any combination of tracts, and as a total 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.

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. Purchase agreements are available for review prior to the auction.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. 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.

CLOSING: The balance of the purchase price is due at closing, which will take place within approximately 30 days of proof of insurable title.

INSPECTIONS AND APPROVALS: There is no current approval from DeKalb County Planning that any of the parcels can be built upon. It is the Buyers obligation to obtain information and approval to build on one of the parcels from DeKalb County Planning. The home and buildings are being offered in AS IS condition. All inspections are the obligations of the potential buyer.

EVIDENCE OF TITLE: The Seller agrees to furnish Buyer(s) an updated commitment for an Owners Policy of Title Insurance prior to closing. The property will be conveyed by a Warranty Deed as more specifically set forth in the purchase agreement.

POSSESSION: Possession shall be given at closing.

REAL ESTATE TAXES: Taxes shall be prorated to the date of closing. Buyer shall assume any Ditch Assessments due after closing.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.

SURVEY: Current existing survey and legal descriptions shall be used to convey the property if sold as a whole. Should the tracts sell separately, a new survey of each tract or combination of tracts will be completed with the costs of the survey divided 50:50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the Seller.

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 date has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Buyers 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.

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 Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction 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 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 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.

Auction Brochure

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