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LAND AUCTION - 429+/- ACRES OFFERED IN 7 TRACTS IN NOBLE COUNTY, INDIANA

Kimmell, IN - Noble County, IN

Owner: Lois Irene Rosenogle Revocable Trust Tue, Nov 2, 6:00 PM

• 355+/- Tillable Acres • Productive Tillable Land • Wooded Recreational Land


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Monday, October 11th from 4-6PM
Saturday, October 16th from 8-10AM

Meet a Schrader Representative at Tract 6.

PROPERTY LOCATION

TRACTS 1-3: From the intersection of US 6, US 33 & SR 5 at Ligonier, take US 33 southeast approximately 4 mi. to Tracts 1-3.
TRACT 4: From the intersection of US 33 & Clark St/CR 650W, take Clark St. southeast 3/4 mi. to Tract 4.
TRACT 6: From the intersection of US 33 & CR 400N, travel west to Tracts 5 & 6.
TRACT 7: From the intersection of US 6, US 33 & SR 5 at Ligonier, take US 33 southeast 2 mi. to CR 500N, follow CR 500N 2 mi. to Tract 7.

AUCTION LOCATION

Ligonier United Methodist Church
466 Townline Rd Ligonier, IN 46767

West of SR 5 on US 33 & US 6 1 mi. to Townline Rd then north 3/4 mi. to the church.

TRACT DESCRIPTIONS

Tract 1: 114± ac w/ frontage on US 33. There is approximately 103+/- productive tillable acres consisting of primarily Fox sandy loam soils. There is a 12in irrigation well on this tract & underground pipe to a pivot point on Tract 2. There is 10+/- acres of wooded land on the southwest corner of this parcel.

Tract 2: 98± ac w/ frontage on US 33. There is approximately 84+/- acres of productive tillable land consisting of Fox sandy loam soils. There is underground irrigation pipe leading to this tract from Tract 1. Approximately 13.5+/- acres of wooded land is located on the southwest corner of this tract. The Sparta Lake Ditch creates the west boundary of this parcel. Consider combining Tracts 1 & 2 for 187.5+/- productive tillable acres w/ irrigation well & underground pipe.

Tract 3: 18± ac mostly all tillable, w/ frontage on US 33 & CR 650W. This tract consists primarily of Fox sandy loam soils. Great place for a mini farmstead!

Tract 4: 68± ac w/ frontage on CR 650W/Clark St. There is approximately 59+/- acres of productive tillable land w/ predominately Fox sandy loam soils. There is 5+/- acres of wooded land in the northeast corner of this tract.

Tract 5: 29± ac w/ frontage on US 33, CR 650W & CR 400N. 27+/- productive tillable acres consisting of primarily Fox sandy loam soils.

Tract 6: 33± ac w/ frontage on CR 400N. This is a great recreational tract for 4 wheeling, hiking & hunting. There is an area used to harvest gravel that hasn't had recent activity. Also situated on this tract is a cell tower w/ income through 2026. Great investment w/ income producing capabilities!

Tract 7: 69± ac w/ access off of CR 500N. There is approximately 65+/- acres of productive tillable land consisting of Renssalaer, Whitaker, Milford, Martinsville & Oshtemo sandy loam soils.

TRACT MAP(S)

Tracts 1-6

Tract 7

AREA MAP(S)

PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts & as a total 429+/- acre unit. There will be open bidding on all tracts & combinations during the auction as determined by the Auctioneer. The auction will be offered in individual tracts, combinations of tracts, & as a whole.

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 cashier's check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, & 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 owner's title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Trustee's Deed(s).

CLOSING: The targeted closing date will be approximately 30 days after the auction, subject to the completion of the surveys.

POSSESSION: Possession is at subject to the harvest of the 2021 crop.

REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning w/ taxes due in 2023 & thereafter.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries & due diligence concerning the property. Inspection dates have been scheduled & will be staffed w/ auction personnel. Further, Seller disclaims any & all responsibility for Bidder's 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, & proposed boundaries are approximate & 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 & successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Seller's option & sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & Auction Company, Inc. & its representatives are exclusive agents of the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & 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 & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's 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.