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LAND AUCTION - 60+/- ACRES OFFERED IN 6 TRACTS IN STEUBEN COUNTY, INDIANA

2010 S 800 W, Hudson, IN 46747 - Steuben County, Indiana

Owner: DLH Dairy Farm LLC, Dyon & Lisa Helmuth Wed, Sep 25, 6:00 PM

• 60+/- Acres offered in 6 Tracts • 2 Story, 4 Bedroom Home • 30x55 Garage/Pole Barn w/horse stalls & tack room • Full Dairy Setup • Great Possible Building Site • Recreational Land w/Camp Site and Trails • Mature Trees • 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.

2 DAY AUCTION - REAL ESTATE ON WEDNESDAY, SEPTEMBER 25 @ 6PM AND FARM AND DAIRY EQUIPMENT AUCTION ON FRIDAY, SEPT. 27 @ 4PM


Info Book


OPEN HOUSE/INSPECTION DATES

Tuesday, August 27 from 4-6 pm
Wednesday, September 11 from 4-6 pm

Meet Auction Manager at Tract 1

PROPERTY LOCATION

2010 S 800 W, Hudson, IN 46747

AUCTION LOCATION

Stroh Church of Christ - 4540 S 1100 W, Hudson, IN 46747

TRACT DESCRIPTIONS

Tract 1: 1± ac w/ 2-story, 4 bedroom home w/ large family room & patio. 30x55 garage/pole barn w/ horse stalls & tack room. 45x65 metal pole barn. The house, milk house & parlor are heated w/ outdoor wood boiler.

Tract 2: 7± ac w/ full dairy set up. 60x95 with 80 free stalls w/ holding pen connected to the milking parlor. Parlor is double 6 herringbone new in 2004, but has not been used since 2014. 70x85 concrete fence line feeding area that can be covered, 28x40 freshening barn w/ pens, water, & ventilation fans. Madison 20x60 silo, lots of concreted feedlot area w/ silo lots of concreted feedlot w/ slurry pits, 30x30 pole barn & 38x60 hoop barn w/ plenty of pasture. Tract 3: 8+/- acres, somewhat rolling bare ground. Great possible building site w/ 485 ft. of frontage on S 800 W.

Tract 3: 8± ac somewhat rolling bare ground. Great possible building site w/ 485 ft. of frontage on S 800 W.

Tract 4: 11± ac somewhat rolling bare ground. Great possible building site w/ 450 ft. of frontage on S 800 W.

Tract 5: 12± ac somewhat rolling bare ground. Great possible building site w/ 450 ft. of frontage on S 800 W & 215 ft. on 250 S.

Tract 6: 21± ac of recreational land w/ a camp site & trails. 16+/- acres in wooded ground w/ a creek running through it & approximately 5+/- acres in tillable land. There are mature trees including 50 maple trees tapped for syrup. This tract has a .4+/- acre, 20 ft., provisional access corridor. This is only included in the tract if it is not purchased in combination w/ other tracts. If purchased in combination, then the corridor will be retained by the seller.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 6 individual tracts, any combination of tracts & as a total 60+/- acre unit. There will be open bidding on all tracts & combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations & 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, & 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.

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

POSSESSION: At closing except for Tracts 1 & 2 (45 days after closing) and Tract 6 (subject to farm tenants rights for remainder of 2019 crop year).

PRE-CLOSING ACCESS: Immediate access is available (prior to closing) for fall farming activities on Tracts 3 & 4 and for hunting on the non-tillable portions of Tract 6. Any such pre-closing access will require an additional 10% down (for a total of 20%) and a signed Pre-Closing Access Addendum.

REAL ESTATE TAXES: Real estate taxes will be prorated to the day of closing.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries & due diligence concerning the property. Inspection dates have been scheduled & will be staffed w/ auction personnel. Further, Seller disclaims any & 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, & proposed boundaries are approximate & have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: Seller & 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 & sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

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

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & 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 & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & 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.

FARM EQUIPMENT AUCTION TERMS: Cash or Check with proper ID. 4% convenience fee for credit cards. Announcements made the day of the auction take precedence over any printed material. Not responsible for accidents.