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IMPORTANT LAND AUCTION - 80+/- ACRES IN 2 TRACTS IN MADISON COUNTY, INDIANA

Markleville, Indiana - Madison County - Adams Township

Owner: Ebbertt Family Farm Tue, Sep 10, 6:00 PM

• 80+/- Acres in 2 Tracts • Located on the Madison/Hancock County Line • Within 7 Miles of I-69 Interchange (Anderson, IN) • HIGH QUALITY CROPLAND - 2020 Crop Rights to BUYER • Abundant frontage along IN SR 109 and E 1100 S • Great mix of Westland, Brookston & Crosby Soils • Impressive Weighted Corn Index of 162.2 • Open Ditch on the property for improved drainage options • This farm presents quality soils in a GREAT LOCATION! BE PREPARED TO BID YOUR PRICE! • 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

Thursday, August 15th from 9-10 AM
Thursday, August 29th from 9-10 AM

Meet at Tract 2

PROPERTY LOCATION

Approximately 8 miles south of Anderson, IN along SR 109. The farm is located in the northeast corner of the SR 109/CR 1100 South intersection on the Madison/Hancock County line. From I-69 on the south side of Anderson, take Exit 226 south 7 miles to the farm on the east.

AUCTION LOCATION

Anderson University Flagship Center. 2705 Enterprise Drive, Anderson, IN 46013

TRACT DESCRIPTIONS

Tract 1: 40± ac nearly all tillable. Quality Westland, Brookston and Crosby soils. Great location frontage along IN SR 109. Combine this with Tract 2 or purchase as a stand-alone investment.

Tract 2: 40± ac mostly tillable with an open drainage ditch running through the corner. Frontage on 109 and CR E 1100 S. Quality soils with excellent drainage outlet.

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 80.09+/- 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 warranty deed.

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 all tracts will be delivered at closing subject to the 2019 farmland lease. Buyer to receive 2020 CROP RIGHTS!

REAL ESTATE TAXES / ASSESSMENTS: Seller will pay 2019 taxes due and payable in 2020 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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