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LAND AUCTION - 163.85+/- ACRES OFFERED IN 2 TRACTS IN WHITE COUNTY, INDIANA

White County, Indiana

Owner: Martha Lashbrook as Trustee of Kenneth Estes Trust Fri, Dec 13, 2019

AUCTION IS OVER

• 163.85+/- Acres offered in 2 Tracts • Excellent Location • Some Excellent Soils • Productive Farmland • 4+/- miles NE of Brookston • 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

Wed., Nov. 20 from 3-5 PM EST
Meet a Schrader Representative at the Improvements on Tract 2.

PROPERTY LOCATION

From Brookston, IN, at the intersection of SR 43 & SR 18, take SR 18, 3 miles East (construction?) to CR 300E (Range Line) then take CR 300E 1-1/2 miles north to CR 850S, then take CR 850S 1/4 mile west to Tract 1. Tract 2 is 1/2 mile north of CR 850S on CR 300E on east side of the road.

AUCTION LOCATION

Brandywine Conference Center, 304 S. 6th Street, Monticello, IN 47960. From US 24 & 6th Street (Hubbard GMC), take 6th Street approx. 1/4 mile south to Brandywine.

TRACT DESCRIPTIONS

Tract 1: 98.00± ac productive land with 88.01 acres tillable land and 14+/- acres wooded. The woods offer possible building site and/or recreational property. This tract has a 32 ft.x60 ft. tool shed and this tract has frontage on CR 850S.

Tract 2: 65.8± ac parcel of land with 54.95 tillable acres. This tract has an older farm house (1316 sq. ft.), LP gas heat, with air condition. Also, there is a 42 ft. x 48 ft. tool shed, older barn with (2) lean-tos and another older barn.
NOTE: I have not been inside any of these improvements; the information is from White Co. Assessor sheet. Also, this tract has Ella Baker Ditch running through the east side of the property and this tract has frontage on CR 300E.

2018/pay 2019: - Tract 1 - RE Taxes: - $1,769.54/yr. - Other - Ditch: - $208.50/yr.
2018/pay 2019: - Tract 2 - RE Taxes: - $2,421.48/yr.

FSA INFORMATION: FARM 1503
Farmland - 164.69 Ac.
Cropland - 142.96 Ac.
Corn Base - 71.5 Ac - PLC YIELD - 139 bu.
Soybean Base - 71.46 Ac. - PLC YIELD - 44 bu.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 2 individual tracts and as a total 163.85-acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts 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. 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 final prices are subject to the Sellers acceptance or rejection. All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction.

DEED: Seller shall provide a Trustees Deed sufficient to convey insurable title to the real estate. Real Estate is sold subject to all rights of way, legal highways, leases, easements of public record, and all other matters of public record.

EVIDENCE OF TITLE: Seller shall provide a preliminary title insurance commitment for review prior to auction. Seller agrees to furnish Buyer(s), at Sellers expense, an updated title commitment prior to closing. The cost of providing an Owners Title Policy shall be paid for by Seller at closing.

CLOSING: The balance of the purchase price is due at closing, which will take place 30 days after auction day, or as soon thereafter as applicable closing documents are completed by the Seller. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs shall be paid by the Buyer(s).

POSSESSION: Possession is at closing on all farm land and tool shed on Tract 1, except the house and outbuilding on Tract 2 will be January 31, 2020.

REAL ESTATE TAXES: Seller shall pay all 2019 real estate taxes due and payable in 2020. Buyer shall assume any taxes thereafter. Buyer shall assume any ditch and drainage assessments due after closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on county tax parcel data and county GIS.

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 or where Seller otherwise determines a survey is appropriate. 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. If Seller determines a survey is needed, combined purchases will receive a perimeter survey only. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres.

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.

EASEMENTS: Subject to any and all existing easements.

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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