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SOLD

LAND AUCTION - 115.8+/- ACRES OFFERED IN 3 TRACTS IN WHITE COUNTY, INDIANA

Monticello, IN 47960 - White County, IN

Owner: Ruth E. Rea (Tract 1), Carol D. Richardson (Tract 2) and Maureen F. Shepherd (Tract 3)
1PM (EST)
Fri, Nov 19, 2021

AUCTION IS OVER

TOTAL SOLD: $990,000

Tract(s): 1 @ $365,000 ($9,193/acre)
Tract(s): 2+3 @ $625,000 ($8,212/acre)

• Quality Soils • High % Tillable • Great Location


OPEN HOUSE/INSPECTION DATES

Tuesday, November 2nd from 3-5PM EST

PROPERTY LOCATION

Monticello, IN
DIRECTIONS: From US 24 & Hubbard GM Dealership: Take 6th Street 1/2 mile north to Hanawalt Rd./Division Rd., then take Hanawalt Rd./Division Rd., approx. 1-1/2 miles west. The farms are on the north side of the road.

AUCTION LOCATION

White County 4-H Community Building
12 N CR 25E Reynolds, IN 47980

PROPERTY DESCRIPTION

3 individual tracts and will not combine tracts.

RE Taxes - 2020/pay 2021 Ditch Taxes
Tract #1 $409.48/yr. 158.88/yr.
Tract #2* $931.82/yr. 158.88/yr.
Tract #3 $577.58/yr. 158.88/yr.
*Note: This RE Tax amount includes additional improvements and land that the owner will retain.

There is an open ditch along the north end of these tracts.


FSA Information:

**This info includes another tract of land**
Farm #4783
Farmland 150.89 acres
Cropland 139.69 acres
Wheat Base 12.5 acres
Corn Base 69.5 acres
Soybeans Base 42.3 acres
NOTE Re. FSA Info: Tracts 1, 2 & 3 are combined with 104.39 acres tillable

TRACT DESCRIPTIONS

Tract 1: 39.7± ac parcel of land, quality soils, a 42ft x 48ft tool shed, wood frame with metal siding & roof, partial concrete floor and 432.54ft frontage on Hanawalt Rd./Division Rd.

Tract 2: 36.4± ac tract of land, quality soils, high % tillable and 390ft +/- frontage on Hanawalt Rd./ Division Rd. Also includes an old silo.

Tract 3: 39.7± ac parcel of land, quality soils, some woods and 321.37ft frontage on Hanawalt Rd./ Division Rd.

TRACT MAP(S)

Tracts 1-3

AREA MAP(S)

PROCEDURE: The property will be offered in 3 individual tracts. There will be open bidding on all tracts and as determined by the Auctioneer. The auction will be offered in individual tracts.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts. The down payment may be made in the form of 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: All final bid prices are subject to Sellers' acceptance or rejection. All successful bidders will be required to enter into Purchase Agreements at the auction site immediately following the close of the auction.

DEED: Sellers shall provide a Warranty Deed(s) sufficient to convey insurable title to the real estate. Real Estate is sold subject to all rights of way, legal highways, leases, easements of public record, and all other matters of public record.

EVIDENCE OF TITLE: Sellers shall provide a preliminary title insurance commitment for review prior to auction. Seller agrees to furnish Buyer(s), at Sellers' expense, an updated title commitment prior to closing. The cost of providing an Owner's Title Policy shall be paid for by Sellers at closing.

CLOSING: The balance of the purchase price is due at closing. The targeted closing date will be approximately 30 days after the auction. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers. All lender costs shall be paid by the Buyer(s).

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Sellers shall pay all 2021 real estate taxes due and payable in 2022. Buyer shall assume any taxes thereafter. Buyer shall assume any ditch and drainage assessments due after closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on county tax parcel data and county GIS and surveys.

SURVEY: The Sellers have completed surveys on all 3 tracts.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Sellers disclaim any and all responsibility for Bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

EASEMENTS: Subject to any and all existing easements.

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 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 to the person's 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.