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SOLD

LAND AUCTION - 541.3+/- ACRES IN 9 TRACTS IN FULTON & MARSHALL COUNTIES, INDIANA

Fulton, Marshall, Benton & Boone Counties, Indiana

Owner: Cummins Farms Rochester, Inc. Tue, Oct 15, 2019

SOLD FOR $3,403,700

2 Day Auction Consisting of 4 Counties - October 15th & 16th at 6pm EST • October 15th Auction: 541.3+/- Acres in 9 Tracts in Fulton and Marshall Counties • Wooded Building Sites Near Plymouth & Rochester • Productive Tillable Acreage • 2020 Farming Rights • No buildings or Improvements • 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.


Info Book


OPEN HOUSE/INSPECTION DATES

Tuesday, October 1 from 2:00pm - 4:00pm at the Rochester Farm (Fulton County, IN) only. Meet a Schrader Representative at the North end of the farm along SR 25 for additional information.

PROPERTY LOCATION

Tracts 1-7, Along State Road 25, Just South of US 31 between E 150S and W 250S near Rochester, IN.
Tracts 8 & 9, The SW corner of 11th Rd and King Rd. Just Southeast of Plymouth, IN.

Excellent location at the intersection of SR 25 and US 31 in Rochester, Indiana (Fulton County, IN), development potential in Plymouth, Indiana (Marshall County, IN), and excellent cropland in Benton and Boone Counties, Indiana

AUCTION LOCATION

Fulton County Fair Grounds in Rochester, IN - 1009 W 3rd St, Rochester, IN 46975

TRACT DESCRIPTIONS

Tract 1: 56± ac
FULTON COUNTY TRACTS
Tract 1:
56 ac wooded land, pasture and 37+/- tillable acres. Frontage on SR 25.

Tract 2: 64± ac almost all tillable with a waterway near the SR 25 frontage and another along the South boundary line.

Tract 3: 108± ac with all tillable land and a water way along the North and East line. Frontage along SR 25.

Tract 4: 58± ac with all tillable land, and ample frontage on SR 25.

Tract 5: 13.3± ac mostly wooded, with frontage on SR 25. An excellent building lot close to Rochester and US 31 access! Consider the excellent building potential on this site! Or a fine place to hunt!

Tract 6: 92± ac of mostly tillable land on the East side of SR 25. Purchase together with Tract 7 for a nice block of 167+/- acres of quality cropland!

Tract 7: 76± ac of almost all tillable land along SR 25.

Tract 8: 57± ac
MARSHALL COUNTY TRACTS
Tract 8: 57 ac
of tillable land with roads on two sides and the potential for future development! Located along King Road at the corner of 11th Rd.

Tract 9: 17± ac of mostly wooded land and a high hill that would make an excellent place to build your dream home close to town! It even has 4+/- acres of cropland to make it an excellent mini-farm! This tract is enrolled in the Indiana Classified Forest Program.

TRACT MAP(S)

Fulton County

Marshall County

AREA MAP(S)

Fulton County

Marshall County

PROCEDURE: The property will be offered in 9 individual tracts on the 15th, 3 individual tracts on the 16th, any combination of tracts, and as a total unit on each night. 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.

BUYERS PREMIUM: A 1% Buyers Premium will be added to the final bid price and included in the contract purchase price.

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 approximately 30 days after the auction.

POSSESSION: Possession is at closing. Subject to the tenants right to harvest the 2019 crops. Contact auction manager for details.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with the 2020 taxes due in 2021 and thereafter. Buyer will be given a credit at closing for the 2019 taxes due in 2020.

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.