• Between Fountain City & Lynn • Great Mini Farm Sites • Nice Family Farm • Great Frontage Just Off Hwy. 27 • Pretty Farmhouse & Good Barns on 2 Acres • Northeastern Schools
50 Acres In 3 Tracts
Lynn, IN
Owner: Robert O. and Betty E. Moody (deceased) Executrix: Marsha Shepherd, Marilyn Barth, Marjorie Benner, John Sayre, Attorney Thu, Jan 28, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Tuesday, Jan. 12 from 3-5 PM,
Saturday, Jan. 16 from 9-11 AM &
Day of Auction from 3-4 PM
PROPERTY LOCATION
11361 Hough Rd., Fountain City. From Fountain City north on Hwy. 27 to Hopewell Rd. then west to farm on the left. House located ¼ mi. south of the intersection of Hopewell Rd. and Hough Rd. From Lynn south on Hwy. 27 to Hopewell Rd.
AUCTION LOCATION
Lions Club Building, Lynn, IN. Just east of the junction of US 27 and SR 36. Address: 2334 Co. Rd. 790 South, Lynn, IN.
TRACT DESCRIPTIONS
Tract 1: 27± ac all high quality cropland. Approx. 1,120 ft. of frontage on Hopewell Rd. and 930 ft. of frontage on Hough Rd.
Tract 2: 2± ac with 1 ½ story, 1,704 sq. ft., 3 bedroom farmhouse with attached garage. Good shop and barn. This is a pretty old farmstead with good buildings. Buy separately or with cropland.
Tract 3: 21± ac all high quality cropland. Est. 730 ft. of frontage on Hough Rd. Buy with buildings or Tract
AREA MAP
TRACT MAP(S)
PLAT MAP(S)
AREA MAP(S)
PROCEDURES: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 50 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.
DOWNPAYMENT: Real Estate 10% down payment on the day of the 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.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller’s acceptance or rejection.
EVIDENCE OF TITLE: Sellers shall provide an owner’s title insurance policy in the amount of the purchase price.
DEED: Sellers shall provide Executor’s Deed.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy. Estimated on or before March 1, 2010.
POSSESSION: Cropland at closing. House/barns possession 30 days after closing.
REAL ESTATE TAXES: Buyer to pay installment due and payable November 2010. Taxes estimated at $1,159.68/yr.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreage’s.
FSA INFORMATION: Farm #1079, Tract #2089. Total 45.6 acres cropland. Corn base of 23.3 acres with yield of 99 Bu., and Soybean base of 22.3_ acres with yield of 33 Bu. Direct payment of $825.
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.
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 â€
None at this time
