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LAND AUCTION 158.9+/- OFFERED IN 2 TRACTS - RIPLEY COUNTY, IN

W County Rd 300 N Osgood, IN 47037 - Ripley County, IN

Owner: Don Mink Thu, Jul 22, 2021

AUCTION IS OVER

• Total 120+/- FSA Cropland Acres • 20 Minutes to Greensburg & Batesville • Municipal Water Service • 3 Miles North of Versailles State Park Investments Cropland Opportunity & Recreational use • Easy Access to Lawrenceburg/Aurora Area Timber Potential


Information Book


OPEN HOUSE/INSPECTION DATES

July 8th from 9:00am to 11:00am
July 19th from 9:00am to 11:00am

PROPERTY LOCATION

W County Rd 300 N Osgood, IN 47037
DIRECTIONS: from Osgood, South on Hwy 421 to County Rd 300 N, then East 3/4 mi. to farm on South side of road. 1 mile Southeast of Osgood

AUCTION LOCATION

Osgood Town Hall, 147 W Ripley St Osgood, IN 47037
Just off Hwy 421

PROPERTY DESCRIPTION

TRACT 1: 39+/- ACRES with 37+/- acres cropland. Approx. 323ft of frontage on County Rd 300 N. Good Cobbsfork and Avonburg silt loam soils. Nice cropland investment with good location.

TRACT 2: 119.9+/- ACRES with 83+/- acres cropland and 36+/- acres nice woodland. Approx. 327ft of frontage. Great combination of crop income and recreation area and your managed timber to enjoy. Possible pond sites for your building area.

TRACT MAP(S)

AREA MAP(S)

PROCEDURES: The property will be offered in 2 individual tracts, any combination of tracts, or as a total 158.9+/- 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: 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 Corporate Deed.

CLOSING: The targeted closing date will be on or before November 1, 2021. The balance of the real estate purchase price is due at closing.

POSSESSION: At closing. Subject to 2021 crop rights. Buyer(s) to receive 2022 crop rights.

REAL ESTATE TAXES: Seller to pay November 2021 & May 2022 payable taxes to be credited to Buyer(s) at closing. Buyer(s) to pay taxes payable November 2022. Taxes estimated at $3,954.09 or $24.87/acre.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: Seller has provided survey on Tract 1. Tract 2 to be sold with existing legal description.

FSA INFORMATION: SEE AGENT. Farm #455 Tract #1695 Total 120.4 acres cropland.

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 "AS IS, WHERE IS" basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. 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 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 the person's credentials, fitness, etc. All decision of the Auctioneer is final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.