• Some Quality Soils
67.5 Acres Offered in 3 Tracts
Between Logansport & Monticello, IN
Owner: Cheryl Barnes Fri, Nov 18, 2011 EASTERNAUCTION IS OVER
PROPERTY LOCATION
From Logansport take US 24 approximately 10 miles west to CR 1050W, then take CR 1050W 1/2 mile south to the property.
Or from Monticello take US 24 approximately 9 miles east to CR 1050W, then 1/2 mile south to the property.
AUCTION LOCATION
Holiday Inn Express - 3939 East Market St. (Business US 24) on the east side of Logansport.
PROPERTY DESCRIPTION
Real Estate Taxes: 2010 Payable 2011 - $1582.32/year.
Ditch Tax 2011 - $1/acre.
TRACT DESCRIPTIONS
Tract 1: 40± ac Quality land with 40.4 acres of tillable land (per FSA).
Tract 2: 21± ac Quality land with 21.24 acres of tillable land (per FSA).
Tract 3: 6± ac Field has 6.12 acres of tillable land (per FSA).
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts and as a total 67.5+/- 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 Warranty Deed(s).
CLOSING: Closing shall take place 15 days after marketable title.
POSSESSION: Possession is at closing.
REAL ESTATE TAXES: The Seller shall pay the 2011 real estate taxes due in 2012. The Buyer shall pay all taxes thereafter.
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.
Click to access