• Productive Tillable Land • Woods & Recreation • Beautiful Views • Productive Cropland • Rolling Woodland • Approximately 3 Miles of White River Frontage • CRP Income • Active Bald Eagles Nest!
300 +/- Acres Offered in 2 Tracts - Lawrence County, IN Land Auction
Bedford, Indiana - Lawrence County
Owner: Mike & Deborah Hicks Wed, Mar 20, 2013 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Friday, March 8 from 11 a.m. to 1 p.m.
Meet on Tract 1
PROPERTY LOCATION
15 Minutes from Bedford 40 Minutes from Bloomington 1 Hour 15 Minutes from Indianapolis 3 Miles of White River Frontage Directions: From downtown Bedford take HWY 50 east approx. 1 mile to Tunnelton Road, turn south, go 8.5 miles to Murry Holt Road, turn south, go 1 mile to the property. (south of the railroad tracks)
AUCTION LOCATION
The Comfort Inn, 911 Constitution Ave., Bedford, IN, along SR 37.
TRACT DESCRIPTIONS
Tract 1: 199± ac more or less, mostly tillable with productive soils, having a level topography. There is a filter strip CRP Contract containing 11.1 acres paying $1,397 annually through September 30, 2017.
Tract 2: 101± ac mostly wooded tract with 44 acres enrolled in CRP through September 30, 2013. A rolling topography, woods and open areas make this an excellent recreational tract. There is also a 30 ft. x 40 ft. pole building on the property (subject to a reservation of use in favor of Steve Miller.)
AREA MAP
PROCEDURE: The property will be offered in 2 individual tracts and as a total unit. Bids on tracts 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 an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Warranty Deed(s).
DEED RESTRICTIONS FOR TRACT 2: There is a building situated on Tract 2 occupied by Steve Miller. Mr. Miller shall have the legal right to continue to live on the property for the duration of his life. This arrangement will be specifically spelled out in the purchase contract.
CRP: There are two CRP contracts. One is for 11.1 acres with an annual payment of $1397.00 expiring 9-30-17. The second is for 44 acres with an annual payment of $3080.00 expiring 9-30-13. Buyer shall assume these CRP contracts at closing and assume all responsibility.
CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title.
POSSESSION: Possession shall be at closing, subject to tenants rights, if any.
REAL ESTATE TAXES: Real estate taxes are estimated to be $3007.28. The Seller shall pay the 2012 real estate taxes due and payable in 2013. All future taxes will be the Buyers responsibility.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
EASEMENTS: If the real estate sells in a manner where there is not access via a public roadway, an easement shall be provided. Potential easements are illustrated on the aerial photo (tract map).
SURVEY: At the Sellers option, any need for a survey shall be determined in the sole discretion of the Sellers. If a survey is determined by the Sellers to be necessary, final bids will be adjusted to reflect the results of said survey. The type of survey prepared shall be determined by the Owners so long as it is sufficient for issuance of a title policy. Only the boundary corners of the respective tract sold will be marked. Successful bidders will then pay a revised purchase price calculated by multiplying the actual surveyed acreage by the actual purchase price per acre indicated in the Agreement to Purchase. All auction tracts are approximate and have been estimated based on aerial photographs or current legal descriptions. All survey cost prior to and following the auction shall be shared equally (50:50 basis) between the buyer and seller.
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.
