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LAND AUCTION - 100 +/- ACRES OFFERED IN 3 TRACTS IN HENRY COUNTY, INDIANA

Spiceland, IN - Henry County, IN

Owner: JAVCA LLC Thu, Aug 19, 6:00 PM

• 85 Total USDA Crop Acres • Between Knightstown, New Castle, and Spiceland • 3 Mi. South of I-70 at HWY 109 then East, Easy Access • South Henry School Corp. • Many Potential Uses of Cropland, Pasture, & Recreation • Nice Investment Tracts • Tax Exchange Potential • 2 Mi. East of Royal Hylands Golf Club


OPEN HOUSE/INSPECTION DATES

Tuesday, July 27th from 4 to 6 PM
Tuesday, August 10th from 4 - 6 PM

Meet an agent on Tract 3

PROPERTY LOCATION

2 miles North of Knightstown at the intersection of CR 750 S & CR 500 W or from I-70 & HWY 109, travel South 1 mile to CR 750 S then East 2 miles. Property on the South side or from the stockyards at HWY 40, travel North on S Mill Rd to CR 750 S then East 1 mile. Property on the South side of road.

AUCTION LOCATION

Knightstown Sunset Park - 206 S Hill Ave. Knightstown, IN 46148
From the intersection of HWY 40 & HWY 109, travel 1 block West on HWY 40 to Hill St. Then South 1 block to the park on the right.

TRACT DESCRIPTIONS

Tract 1: 30± ac w/ approximately 25+/- acres of cropland. Good frontage on CR 750 S. Nice size tract for investment or crop operation!

Tract 2: 27± ac w/ approximately 3+/- acres cropland, 7+/- acres of rolling pasture & 17+/- acres of woodland. Great recreational property!

Tract 3: 43± ac w/ approximately 40+/- acres of cropland. Good frontage on CR 750 S. Good soil index & long term investment tract.


AREA MAP

TRACT MAP(S)

AREA MAP(S)

PROCEDURES: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 100+/- acre unit. There will be open bidding on all tracts & combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations & the total property may compete.

DOWNPAYMENT: Real Estate 10% down payment on the day of the auction w/ 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 & 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 Warranty Deed.

CLOSING: The targeted closing date will be approximately 30 days after the auction 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 of tenant. Seller to retain 2021 crop rents.

REAL ESTATE TAXES: Seller to pay 2020 taxes payable 2021and pay 2021 taxes payable 2022 by credit to Buyer(s) at closing. Taxes estimated at $1,358.46 or $13.58/acre.

ACREAGE: All boundaries are approximate & 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) & 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 & surveyed acreage's.

FSA INFORMATION: Farm #6507. Total 85.03 FSA acres cropland. Corn base of 28.7 acres, Bean base of 24.6 acres.

EASEMENTS: Sale of the property is subject to any & all easements of record.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

AGENCY: Schrader Real Estate & Auction Company, Inc. & its representatives are exclusive agents of the seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All information contained in this brochure & all related materials are subject to the Terms & Conditions outlined in the Purchase Agreement. The property is being sold on "AS IS, WHERE IS" basis, & 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, & 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 & increments of bidding are at the direction & discretion of the Auctioneer. The Sellers & 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. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.

Auction Brochure

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