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EAST ALLEN FARMLAND AUCTION - 54+/- ACRES OFFERED IN 4 TRACTS OR COMBINATIONS IN ALLEN COUNTY, IN

Allen County - New Haven, Indiana

Owner: Fenske/Bremer Family Tue, Jun 21, 6:00 PM EASTERN

• Productive Tillable Soils • Lots of Road Frontage • Wooded Potential Building Site

ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


OPEN HOUSE/INSPECTION DATES

Tuesday, May 31 and June 7 from 5-7pm, Meet the Auction Manager along Harper Rd at Tract 2. Call Auction Manager w/ questions.

PROPERTY LOCATION

Jefferson Township at the SW intersection of Harper and N Ryan Rd

AUCTION LOCATION

The New Haven Conservation Club - 13031 Old 24 E, New Haven, IN 46774

PROPERTY DESCRIPTION

*There is the large Bandelier ditch that runs along both tracts 2 and 3 along N Ryan Rd. Contact Auction Manager for a quote of cost for a bridge/culvert to cross the Bandelier ditch.

**Tracts 1, 2, and 3 were systematically tiled in 1967 w/ 4 in. clay tile spaced 50 ft. apart. There is a 14 in. County Outlet that runs across Tract 3. There is a 4 in. plastic tile installed in 2013 that runs across the N end of Tract 1 and hooks onto the existing 6 in. clay outlet.

TRACT DESCRIPTIONS

Tract 1: 20± ac 20+/- ACRES, w/ approx. 660 ft. of road frontage along Harper Rd. Soils are mostly Hoytville silty clay to the W and partly Nappanee to the E.

Tract 2: 20± ac 20+/- ACRES, w/ approx. 500 ft. of road frontage along Harper Rd and 1400 ft. along N Ryan Rd. Soils are a combination of Hoytville to the N w/ a pocket of Nappanee in the N end and the mostly Nappanee to the S.

Tract 3: 10± ac 10+/- ACRES, w/ approx. 600 ft. of road frontage along N Ryan Rd. The soils are Nappanee to the N of this tract and becomes Hoytville to the S. The Railroad track makes up the S border. This tract will be subject to the high power line easement across the S of this tract.

Tract 4: 4.5± ac 4.5+/- WOODED ACRES, w/ approx. 470 ft. of frontage along N Ryan Rd and 500 ft. along Edgerton Rd. This tract is all wooded and would make for a great potential building site and/or commercial site. There are some maturing hickory and other hardwoods in the tract. The railroad track runs along the entire N border. This is a very infrequently used track.

TRACT MAP(S)

AREA MAP(S)

TERMS AND CONDITIONS

PROCEDURE: Tracts 1-4 will be offered in individual tracts, and in any combination of these tracts, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. The property will be bid in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% Cash down payment at close of auction. Cash or cashiers check or a personal or corporate check immediately negotiable is satisfactory for the down payment. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL OF BID PRICES: At the close of the auction, Buyer(s) will be required to execute an Agreement to Purchase Real Estate and Addendum. Seller reserves the right to reject any and all bids. The terms of this agreement and addendum are non-negotiable.

DEED: Seller shall provide a Trustees deed and Owners Title Insurance Policy.

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

CLOSING: Balance of purchase price is due in cash at closing, which will take place approx. 30 days after the auction, on or before July 29, 2022. The cost for an insured closing will be shared 50/50 between Buyer and Seller.

POSSESSION: Possession subject to Tenant farmers 2022 crop. Buyer to receive owners share of proceeds from 2022 crop farmed and harvested by current tenant farmer.

REAL ESTATE TAXES: The Real Estate Taxes shall be pro-rated to the date of closing.

DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.

ACREAGE: All acreage is approx. and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in the auction. Any need for a new survey will be determined solely by the Seller, cost of the survey will be split 50/50 between Buyer and Seller. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres.

EASEMENTS: All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any will be assigned to the Buyer.

DISCLAIMER AND ABSENCE OF WARRANTIES: All info contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Your bids are to be based solely upon your inspection. All real estate is sold as is without physical warranty. Seller and agent are not assuming any responsibility for warranty of any specific zoning classifications, location of utilities, assurance of building permits, driveway permits or water and septic permits. Tract acreage has been estimated based on aerial photographs. The property is being sold on an 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, inquires, and due diligence concerning the property. The info 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. All sketches and dimensions in this brochure are approx. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company 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.