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LAND AUCTION - 58+/- ACRES OFFERED IN 2 TRACTS IN WAYNE COUNTY, INDIANA

2976 N Symonds Creek Rd., Cambridge City, IN 47327 - Wayne County, IN

Owner: MARTHA S. GILLAM ESTATE, TONY GILLAM (PR) & APRIL BROWER Wed, Oct 6, 6:00 PM

• EASY ACCESS TO CAMBRIDGE CITY, HAGERSTOWN AND I-70 • CAMBRIDGE CITY SCHOOLS • FRONTAGE ON SYMONDS CREEK AND JERRY MYERS ROADS • NICE STREAM AND WOODLAND • PRETTY ROLLING PASTURE HAS BEEN RENTED • GREAT SIZE FOR COMBINATION PART-TIME LIVESTOCK AND CROPLAND UNIT • HOUSE AND PASTURE POSSESSION AT CLOSING • 2022 CROP RIGHTS CONVEYED


OPEN HOUSE/INSPECTION DATES

WEDNESDAY, SEPTEMBER 8TH from 4:00 TO 6:00 PM
WEDNESDAY, SEPTEMBER 22ND from 4:00 TO 6:00 PM
TUESDAY, SEPTEMBER 28TH from 4:00 TO 6:00 PM

PROPERTY LOCATION

2976 N. SYMONDS CREEK RD., CAMBRIDGE CITY, IN 47327
FROM HWY. 1 AND I-70 INTERCHANGE NORTH 1 1/2 MILES TO JERRY MYERS RD. THEN WEST ABOUT 3 1/2 MILES TO CORNER OF JERRY MYERS RD. AND SYMONDS CREEK. PROPERTY ON THE LEFT.

AUCTION LOCATION

GOLAY COMMUNITY CENTER
1007 E. MAIN, CAMBRIDGE CITY, IN 47327
LOCATED AT THE INTERSECTION OF US 40 AND STATE HWY. 1 INTERSECTION ON THE NORTHWEST CORNER.

TRACT DESCRIPTIONS

Tract 1: 22± ac ALL CROPLAND. FRONTAGE ON JERRY MYERS RD. AND SYMONDS CREEK RD. GOOD CROSBY SOILS AND WELL DRAINED. GREAT INVESTMENT TRACT.

Tract 2: 36± ac WITH APPROX. 28 ACRES ROLLING PASTURE, STREAM AND WOODLAND. POND. 10 MORE ACRES COULD BE CROPPED. TWO STORY FARMHOUSE WITH 1,887 SQ. FT. NEWER ROOF, WINDOWS, CENTRAL AIR AND LP FURNACE. FOUR BEDROOMS, 1 BATH AND BASEMENT. 40FT X 64FT POLE BARN, 2 STORY. THIS IS A GREAT PART-TIME FARM WITH PRETTY HOMESTEAD SETTING.

TRACT MAP(S)

AREA MAP(S)

PROCEDURES: THE PROPERTY WILL BE OFFERED IN 2 INDIVIDUAL TRACTS, ANY COMBINATION OF TRACTS, OR AS A TOTAL 58+/- 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, CASHIER,S 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 WARRANTY DEED.

CLOSING: THE TARGETED CLOSING DATE WILL BE APPROXIMATELY 30 DAYS AFTER THE AUCTION ON OR BEFORE NOVEMBER 15TH.

POSSESSION: AT CLOSING SUBJECT TO 2021 CROP RIGHTS.

REAL ESTATE TAXES: SELLER TO PAY 2021 TAXES PAYABLE 2022 TO BE CREDITED TO BUYER(S) AT CLOSING. TAXES ESTIMATED AT $1,526/YEAR.

ACREAGE: ALL BOUNDARIES ARE APPROXIMATE AND 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) AND 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 AND SURVEYED ACREAGE'S.

FSA INFORMATION: FARM #896, TRACT #59. TOTAL 37.4 ACRES CROPLAND. CORN BASE OF 16.5 ACRES AND BEAN BASE OF 5.5 ACRES.

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. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.

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