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QUALITY LAND AUCTION - 159+/- ACRES OFFERED IN 3 TRACTS IN HENRY COUNTY, INDIANA

New Castle, Indiana - Eastern Henry County - Dudley Twp., near New Lisbon

Owner: Beacon Credit Union Tue, Nov 5, 6:00 PM

• 159+/- Acres offered in 3 Tracts • 150+/- FSA Crop acres • 2020 Crop Rights to Buyer • Quality Cyclone & Celina Soils with a whole farm corn index of 144.9 • Top Agricultural Area - 2 Miles from I-70 Interchange at Exit 131 • Investment Quality - 1031 Exchange Potential • Improved Waterways, older barn and grain bins • Attention Farmers and Investors! Come examine all of the possibilities! • 35 Miles east of Indianapolis • 20 Miles west of Richmond, IN • 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 17 from 9-10 am
Thursday, October 31 from 9-10 am

PROPERTY LOCATION

From I-70, take exit 131 north 1/4 mile to E CR 500 S, turn right for 1/4 mile over the railroad tracks then left (north) onto S. Wilbur Wright Rd. Follow 3/4 mile to the T. Turn right onto E. CR 400 South. Farm is 1/2 mile east on your right. Near 7400 E. CR 400 South, New Castle, IN 47362.

AUCTION LOCATION

The Gathering. Located at 902 E. Main St. (US 40) Lewisville, IN 47352.

TRACT DESCRIPTIONS

Tract 1: 74± ac with 70+/- tillable. Featuring a good mix of Cyclone and Celina soils. Approximately 1,800 ft. of frontage on E CR 400 S. 1.75+/- acre improved waterway crossing this tract. Great investment potential.

Tract 2: 58± ac of productive land that is nearly all tillable. Approximately 1700 ft. of frontage. 1.04+/- acre improved waterway for drainage. Consider combining with Tract 1 to have 132+/- acres of contiguous farmland.

Tract 3: 27± ac with 24+/- tillable acres. Combined frontage of 575 ft. along E CR 400 S. This tract features an early 1900s livestock barn, (2) grain bins, and an older bunker silo. Note: A new driveway entrance will need to be created to access the buildings.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURES: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 158.929+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

DOWNPAYMENT: 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 Commitment for the review of the prospective buyer(s). At closing, the seller will provide a title insurance in the amount of the purchase price. All tracts sold As-Is.

DEED: Seller(s) shall provide a Warranty Deed(s).

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

POSSESSION: Possession will be delivered at closing subject to the 2019 crop lease. Buyer to receive 2020 CROP RIGHTS!

REAL ESTATE TAXES / ASSESSMENTS: Seller will pay all 2019 taxes due in 2020 by giving a credit at closing. All taxes due after closing will be the responsibility of the Buyer.

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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