• Property photo 1 - 37+/- Acre Productive Tillable Farmland Auction
  • Property photo 2 - 37+/- Acre Productive Tillable Farmland Auction
  • Property photo 3 - 37+/- Acre Productive Tillable Farmland Auction
  • Property photo 4 - 37+/- Acre Productive Tillable Farmland Auction
37+/- Acre Productive Tillable Farmland Auction

37+/- Acre Productive Tillable Farmland Auction

Southeast of Anderson - West of Middletown - Madison Co., Indiana

Owner: The Hatfield Family Tue, Nov 8, 2011 EASTERN

AUCTION IS OVER

• Productive Tillable Farmland • Primarily Brookston & Crosby Soils


OPEN HOUSE/INSPECTION DATES

Walk over inspections welcome.

PROPERTY LOCATION

From Anderson at S.R. 9 (a.k.a, Scatterfield Road), Go 4 miles East on S.R. 236 to 500 E. Property is located on the Southwest corner of this intersection.

AUCTION LOCATION

Hardy Building, Markleville, IN (Corner of SR 38 & 300 E.)

PROPERTY DESCRIPTION

37+/- Acres of Productive tillable cropland. This tract features primarily Crosby Silt Loam soil with the balance being Brookston Silty Clay Loam. This tract has frontage on both S.R. 236 and Madison Co. road 500 E. (Henry Co. road 1000 W.) Note: Call auction manager for the FSA and Tax information.

TRACT DESCRIPTIONS

Tract 1: 37± ac


AREA MAP

Satellite area map of the auction location near Southeast of Anderson - West of Middletown - Madison Co., Indiana

TRACT MAP(S)

Tract map - 37+/- Acre Productive Tillable Farmland Auction

SOIL INFORMATION

Soil map - 37+/- Acre Productive Tillable Farmland Auction

PLAT MAP(S)

Plat map - 37+/- Acre Productive Tillable Farmland Auction

TERMS AND CONDITIONS

PROCEDURE: This property will be offered as one 37+/- acre property.

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, 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.

CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days from delivery of marketable title. Closing costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers.

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

POSSESSION: Possession of the land shall be at closing, subject to tenants rights.

REAL ESTATE TAXES: Buyer shall assume the 2012 real estate taxes due in 2013. Buyer shall assume any Ditch Assessments due in 2012 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: Property has existing legal descriptions, therefore no new survey will be provided.

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 AS IS, WHERE IS basis, and no warranty or representation either expressed or implied, concerning the property is made by the Sellers or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduction 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 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 to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.

Stock Photography: Close-up bean photo is for illustrative purposes only and was not taken on the property.

None at this time