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VIRTUAL REAL ESTATE AUCTION - 75+/- ACRES OFFERED IN 3 TRACTS IN STEUBEN COUNTY, INDIANA

Steuben County, Indiana

Owner: Merle W & Beverly J Lorntz Tue, Sep 29, 10:00 AM

• Tillable Land • Home • Hunting & Recreational • We will be calling bids on each TRACT from a remote location. • 1) Bid online at Schraderauction.com • 2) Bid by phone during the auction. Call no later than TUESDAY, SEPTEMBER 22, 5pm to schedule your call. 3) Bid by submitting an absentee bid on the tract(s) that you are interested in. Absentee bids need to be turned in no later than TUESDAY, SEPTEMBER 22, 5pm.

We will be calling bids on each TRACT from a remote location. 1) Bid online at Schraderauction.com 2) Bid by phone during the auction. Call no later than TUESDAY, SEPTEMBER 22, 5pm to schedule your call. 3) Bid by submitting an absentee bid on the tract(s) that you are interested in. Absentee bids need to be turned in no later than TUESDAY, SEPTEMBER 22, 5pm.


OPEN HOUSE/INSPECTION DATES

Monday, August 31 from 4-6pm
Friday, September 4 from 4-6pm
Wednesday, September 16 from 4-6pm

PROPERTY LOCATION

Located 7 miles west of Angola IN US 20. To CR 800 W then south 5 miles to CR 575 South then west or from Ashley, IN go west 4 miles on SR 4 to CR 800 West then North 2 miles to CR 575 South then west 1/10 mile. 8150 W 575 S, Pleasant Lake, IN 46779

AUCTION LOCATION

HELD ONLINE ONLY!

TRACT DESCRIPTIONS

Tract 1: 70± ac 25 acres tillable balance in wooded and non-tillable ground. This property is secluded and will make a great hunting and recreational property with 50 ft. easement. Approximately 1200 ft. west of CR 800.
**ACCESS UPDATE: Survey shows 40 FT. WIDE DRIVEWAY at the road and narrows to 30 ft. in the rear. Title Search this driveway is owned by Lortnzs and will go with the 70 acres. The new buyers will have an owned 40 ft. driveway w/access to 800 West.

Tract 2: 1.9± ac with 1920 square-foot, four bedroom, three bath, single-story home with full basement. 8 ft. ceilings, one car attached garage, built in 1983. Central air and gas heat. Lot has several mature trees on a quiet country road.

Tract 3: 3.2± ac with 18 ft.x33 ft. shed with concrete floor. Also a couple small animal shelters with concrete floors and silos. (2) concrete slabs from buildings that were removed, one portion has slats with pit.

We will be calling bids on each TRACT from a remote location.
1) Bid online at Schraderauction.com
2) Bid by phone during the auction. Call no later than TUESDAY, SEPTEMBER 22, 5pm to schedule your call.
3) Bid by submitting an absentee bid on the tract(s) that you are interested in. Absentee bids need to be turned in no later than TUESDAY, SEPTEMBER 22 , 5pm.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts and as a total 75+/- 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. 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 Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing, with the targeted closing date approximately 30 days after the auction. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession shall be on day of closing, immediately following the closing.

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

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.