• Auction Starts at 5pm Eastern Time • Productive Tillable Land
101.5+/- Acres in 4 Tracts Land Auction
Randolph County, IN - 4 Miles North & West of Union City
Owner: Clevenger Farms, Inc. Wed, Sep 12, 2012 EASTERNAUCTION IS OVER
TOTAL SOLD: $860,000
| Tract(s): 1+2 | @ $630,000 | ($9,065/acre) |
| Tract(s): 3+4 | @ $230,000 | ($7,188/acre) |
OPEN HOUSE/INSPECTION DATES
Wednesday, August 15, 3-5 PM
PROPERTY LOCATION
From Union City, IN, take SR 28 approximately 3 miles northwest to CR 600 E, then go approx. 1-3/4 miles south on 600E to CR 300N, Tract 2 is at the SW corner of the intersection and Tract 1 is approx. 1/2 mile west on CR 300 N. Tracts 3 & 4 are 4 miles NW on SR 28 at the intersection of CR 500 E & SR 28.
AUCTION LOCATION
The Community Center, 101 N. Columbia St., Union City, IN - north of SR 32, McDonalds, & RR track, downtown Union City on the west side of the street.
TRACT DESCRIPTIONS
Tract 1: 49.8± ac tract of land with 49.55 acres of tillable land (per FSA). This tract has a small creek and frontage on CR 300 N.
Tract 2: 19.8± ac tract of land with 18.2 acres of tillable land (per FSA). This tract also has a small creek and frontage on CR 300 N and CR 600 E.
Tract 3: 29± ac parcel of land with 28+/- acres of tillable land. There is a small creek on the east side of the property and has frontage on SR 28 and CR 500 E at 550 N.
Tract 4: 3± ac of tillable land. It also has frontage on SR 28 and CR 500 E.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 101.5+/- 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 title insurance in the amount of the purchase price.
DEED: Seller shall provide a Corporation Deed(s).
CLOSING: Closing on Tracts 1 & 2 shall take place on or before December 1, 2012. Closing on Tracts 3 & 4 shall take place not before April 1, 2013 but before April 15.
POSSESSION: Possession is at closing subject to 2012 crop removal. Buyer(s) to receive 2013 crop rights. Buyer(s) of Tract 3 & 4 may receive possession prior to closing with additional 10% down payment.
REAL ESTATE TAXES: The Seller shall pay the 2012 real estate taxes due in 2013. The Buyer shall pay all taxes thereafter. Tract 1 real estate taxes are $541.26, ditch taxes are $49.75. Tract 2 taxes are $235.36 real estate and $19.75 ditch. Tracts 3 & 4 taxes are $378.26 real estate and $32.04 ditch. (Taxes are per 6 months.)
DITCH ASSESSMENTS: The Buyer shall pay any ditch assessments due after closing, if any.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: If the property sells in tracts and there is no existing legal description for the tracts, then a new survey will be ordered and the cost of the new survey will be split 50:50 between Seller and Buyer.
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.
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