• Property photo 1 - 195 Acres Offered in 4 Tracts
  • Property photo 2 - 195 Acres Offered in 4 Tracts
  • Property photo 3 - 195 Acres Offered in 4 Tracts
  • Property photo 4 - 195 Acres Offered in 4 Tracts
  • Property photo 5 - 195 Acres Offered in 4 Tracts
  • Property photo 6 - 195 Acres Offered in 4 Tracts
  • Property photo 7 - 195 Acres Offered in 4 Tracts
  • Property photo 8 - 195 Acres Offered in 4 Tracts
  • Property photo 9 - 195 Acres Offered in 4 Tracts
  • Property photo 10 - 195 Acres Offered in 4 Tracts
195 Acres Offered in 4 Tracts

195 Acres Offered in 4 Tracts

Pendleton, IN

Owner: David & Cathy Grollimund Mon, Jan 25, 2010 EASTERN

AUCTION IS OVER

• 198+/- Total Tillable Acres • Excellent Indiana Farmland • Abundant Road Frontage • Pendleton Schools


OPEN HOUSE/INSPECTION DATES

Meet a Schrader representative at Tract 1 and Tract 3
Thursday, January 7, 10 AM - 12 Noon
Saturday, January 16, 9 AM - 11 AM

PROPERTY LOCATION

Farm 1 – 129 acres. 1 mile east of Markleville on S.R. 38 and CR 400 E. Farm 2 – 66 acres. Take S.R. 38 to the east side of Pendleton to the Junction of CR 300 W, then south 2.5 miles.

AUCTION LOCATION

Pendleton-Falls Park Community Center, located at 299 Falls Park Drive, Pendleton, IN 46064.

TRACT DESCRIPTIONS

Tract 1: 77± ac with approximately 76 acres of productive tillable farmland. This tract features Brookston Silty Clay Loam and Crosby Silt Loam soils. This tract also has abundant road frontage on both S.R. 38 and CR 400 E.

Tract 2: 52± ac nearly all tillable productive farmland.The predominate soils are Brookston Silty Clay Loam and Crosby Silt Loam. This tract has frontage on S.R. 38.

Tract 3: 28± ac with approximately 5 acres of woods and the balance being tillable farmland. This tract features primarily Crosby Silt Loam soils and has frontage on CR 300 W. Investigate the potential of this great location.

Tract 4: 38± ac with approximately 37 acres of productive tillable farmland. This tract features road frontage on both CR 300 W and CR 1000 S and is primarily made up of Crosby Silt Loam soils. Consider the possibilities with close proximity to Pendleton Schools.


AREA MAP

Satellite area map of the auction location near Pendleton, IN

TRACT MAP(S)

Tract map - 195 Acres Offered in 4 Tracts

Tract map - 195 Acres Offered in 4 Tracts

SOIL INFORMATION

Soil map - 195 Acres Offered in 4 Tracts

PLAT MAP(S)

Plat map - 195 Acres Offered in 4 Tracts

Plat map - 195 Acres Offered in 4 Tracts

PROCEDURE: This property will be offered in 4 individual tracts, any combination of tracts or as a whole 195 ± acre property. The property will be sold in the manner resulting in the highest total sale price.

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.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cash, cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDIDIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: The balance of the purchase price is due at closing, which shall take place within 10 days from delivery of marketable title. Closing the end of February 2010 is anticipated depending on survey requirements. Closing costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers.

EVIDENCE OF TITLE: Seller shall provide an owner’s title insurance policy in the amount of the purchase price.

POSSESSION: Possession of the land shall be at closing.

REAL ESTATE TAXES: Buyer shall assume the 2010 real estate taxes due in 2011. Buyer shall assume any Ditch Assessments due in 2010 and thereafter.

ACREAGE: All tract acreages, dimensions and proposed boundaries are approximate and have been estimated based on aerial photos and the current legal description.

FSA INFORMATION: The farm is enrolled at the Madison County FSA office in Anderson, IN., which shall make all acreage determinations and eligibility for farming programs.

EASEMENTS: 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, if any.

SURVEY: AT THE SELLER’S OPTION, the Sellers shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Sellers, cost of the survey will be split 50:50 between Buyer(s) and Sellers. The type of survey performed shall be at the Seller’s option sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Sellers. The adjustments will be made only on tracts or combination of tracts that do not contain improvements. Tracts bid in combinations shall receive a perimeter survey only.

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 an â€

None at this time