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LAND AUCTION - 80+/- ACRES OFFERED IN 6 TRACTS IN NOBLE COUNTY, INDIANA

Noble County, Indiana

Owner: Krull Sandra E. Revocable Livng Trust Sandra E Krull TrusteeKrull Tue, Oct 22, 6:00 PM

• 80+/- Acres offered in 6 Tracts • Tillable & Recreation Potential Building Sites • Woods for Hunting • Tracts with Beautiful View of Latta Lake • East Noble School District • Taxes $587.48 • Zoning: Agriculture • 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, October 3rd & 10th from 4-6pm
Meet a Schrader Representative at Tract 1.

PROPERTY LOCATION

East of Rome City on Northport Road, travel east 2 miles to 500 E. Property located in southwest corner.

AUCTION LOCATION

Sylvan Cellars - 2725 E Northport Road, Rome City, IN

TRACT DESCRIPTIONS

Tract 1: 10± ac tillable or beautiful building site. Mostly FOA & FOB soils. 440 ft.+/- road frontage on Northport Road.

Tract 2: 10± ac tillable or beautiful building site. Mostly FOA & FOB soils. 440 ft.+/- road frontage on Northport Road.

Tract 3: 10± ac w/ 440 ft.+/- road frontage on Northport road. 990 ft.+/- of road frontage on 500 East. 5.5+/- acres tillable & 4.5+/- acres wooded w/ a fantastic view of Latta Lake. This tract is a potential hunting & build able site.

Tract 4: 15± ac 4.5+/- wooded. This tract has 815 ft.+/- on 500 East & a beautiful view of Latta Lake w/ mature trees & tillable land. It is a potential hunting and/or building site.

Tract 5: 25± ac w/ 20+/- acres tillable & 5+/- acres wooded. 825 ft.+/- frontage on 500 East. This tract is tillable & wooded it is a potential hunting and/or building site.

Tract 6: 10± ac SWING TRACT This tract has 8+/- acres tillable & some mature trees. This tract must sell w/ an adjoining property owner or in combination w/ tracts 1-2, 4 or 5.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 6 individual tracts, any combination of tracts and as a total 80+/- acre 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.

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 (which is non refundable). 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.

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

POSSESSION: Possession is at closing subject to tenants rights to harvest 2019 crops. Seller to retain income form 2019 crops. Hunting rights permitted with signing addendum for liability purposes.

REAL ESTATE TAXES: Seller to pay 2019 taxes payable 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: 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. Swing tract costs split 50/50. Exception: If an adjoining property owner purchases the swing parcel, they must pay to survey their existing property with the additional swing tract to create one new parcel.

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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