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LAND AUCTION - 81+/- ACRES OFFERED IN 4 TRACTS IN NOBLE COUNTY, INDIANA

Noble County, Indiana

Owner: The Donald K. Parks and Helen M. Parks Revocable Trust Mon, Nov 4, 6:00 PM

• 81+/- Acres offered in 4 Tracts • Tillable Farmland • Possible Building Sites • Development Potential • Great Investment Opportunity • Do Not Miss This Opportunity! • 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

Tuesday, October 8 from 4-6pm
Monday, October 14 from 4-6pm

Meet a Schrader Representative at Tract 1

PROPERTY LOCATION

From the intersection of SR 3 and SR 8 at Avilla, IN travel west into Avilla on Albion St. to the stoplight. Continue west (Albion St. becomes CR 100N) 1/4 mile to the property. Property has frontage on Albion St. and Hill Rd.

AUCTION LOCATION

Country Heritage Winery, 0185 CR 68, LaOtto, IN.

TRACT DESCRIPTIONS

Tract 1: 15± ac of open tillable land with frontage on Albion Street. This tract borders the town of Avilla. Investigate the potential.

Tract 2: 22± ac with a mixture of tillable and recreational land, with frontage on Albion St. Beautiful possible building site for your estate.

Tract 3: 23± ac mostly all tillable land with frontage on Albion Street and Hill Rd. Great corner location.

Tract 4: 21± ac mostly all tillable land with frontage on Hill Rd. Consider combining with Tract 3 for over 40 acres of tillable land. Productive farmland consisting of Glynwood, Pewamo and Morley soils. 70+/- tillable acres in a great location!

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 81+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. The auction will be offered in individual tracts, combinations of tracts, and as a whole.

BUYERS PREMIUM: A 3% 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 Trustees Deed(s).

CLOSING: The targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession December 31 or after harvest of 2019 crop.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with taxes due in 2021 and thereafter.

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.

Auction Brochure

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