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SIGNIFICANT BENTON COUNTY LAND AUCTION - 421+/- ACRES OFFERED IN 4 TRACTS - BENTON COUNTY, IN

Fowler, IN - Benton County

Owner: Seller: Mary A. Patton Estate, Personal Representative of Mary A. Patton Estate: Attorney Jud G. Barce Wed, Jan 26, 11:00 AM

• 2022 Farming Rights • Nearly 100% Tillable • Unique Contiguous Offering • Tracts Ranging from 64+/- Acres to 157.5+/- Acres


Information Book


OPEN HOUSE/INSPECTION DATES

Wednesday, January 5 from 3-5pm and Tuesday, January 18 from 3-5pm

PROPERTY LOCATION

Continue northwest on Highway 52 from downtown Fowler for 3 miles, then head west on W 300 N. Continue for 2.5 miles and the property will be on both sides of the road.

AUCTION LOCATION

Benton County Annex Building, 410 S Adeway Rd, Fowler, IN 47944
From US 52 going through downtown Fowler, head south at the intersection of S Adeway Rd. After half a mile the building will be on your right.

TRACT DESCRIPTIONS

Tract 1: 91± ac 91+/- acres of nearly 100% tillable farmland containing a high percentage of Selma silty clay loam soils. Tracts 1 and 2 together yielded approximately 250 bushel/acre corn in 2020, per farm tenant.

Tract 2: 108.5± ac 108.5+/- acres of nearly 100% tillable farmland containing a high percentage of Selma silty clay loam soils. Tracts 1 and 2 together yielded approximately 250 bushel/acre corn in 2020, per farm tenant.

Tract 3: 64± ac 64+/- acres containing a high percentage of gilboa silt loam soils. Yielded approximately 262 bushel/acre corn to the north of the ditch in 2020, and 70 bushel/acre beans to the south of the ditch, per farm tenant.

Tract 4: 157.5± ac 157.5+/- acres of majority productive tillable farmland that has reportedly been systematically tiled. Yielded approximately 73 bushel/acre beans in 2020, per farm tenant.

TRACT MAP(S)

AREA MAP(S)

PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 421+/- acre unit.

DOWN PAYMENT: 10% down payment on the day of auction. 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 PRICE: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed.

CLOSING: The targeted closing date will be 30 days after the auction.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Seller shall pay 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.

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 has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders 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.

ACREAGE: All acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal description and/or aerial photos.

SURVEY: Any need for a new survey shall be determined solely 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 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.