• Property photo 1 - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage
  • Property photo 2 - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage
  • Property photo 3 - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage
  • Property photo 4 - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage
  • Property photo 5 - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage
  • Property photo 6 - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage
  • Property photo 7 - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage
90 Acres Offered in 3 Tracts - Attractive Rolling Acreage

90 Acres Offered in 3 Tracts - Attractive Rolling Acreage

South of Mishawaka

Owner: Estate of Douglas W. Weiss Mon, Apr 26, 2010 EASTERN

AUCTION IS OVER

• Jackson Road, between St. Rd. 331 and Elm Road Medical Campus • Attractive Rolling Acreage • Cropland • Home Sites • Outdoor Recreation • Penn Schools • Minutes from US 20 By-Pass • South of Mishawaka


OPEN HOUSE/INSPECTION DATES

Saturday, April 10,2010 10:00 AM thru 12:00 PM
Sunday, April 18,2010 02:00 PM thru 04:00 PM

PROPERTY LOCATION

Take SR 331 south of US 20/31 bypass to Jackson Road. Property is located on the north and south sides of Jackson Road.

AUCTION LOCATION

Farm Bureau Insurance Building and FSA Office at 5605 US 31 South, 1/4 mile south of US 20/31 bypass.

TRACT DESCRIPTIONS

Tract 1: 4.4± ac Acres rolling terrain with over .6 acre trees and 470 ft. road frontage on Jackson Road, 1/2 mile east of St. Rd. 331. Excellent location for country home site in Penn Township.

Tract 2: 8.5± ac Acres with 808

Tract 3: 77± ac Acres of picturesque gently rolling terrain includes 23 wooded acres (with 13.5 acres of Indiana Classified Forest), 47 acres of cropland, 950


AREA MAP

Satellite area map of the auction location near South of Mishawaka

TRACT MAP(S)

Tract map - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage

PLAT MAP(S)

Plat map - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage

AREA MAP(S)

Area map - 90 Acres Offered in 3 Tracts - Attractive Rolling Acreage

PROCEDURE: The property will be offered in 3 individual tracts and any combination of tracts.



DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. 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 successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to Seller's acceptance or rejection.



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



DEED: Seller shall provide a General Warranty Deed or deed approved by Meridian Title.



REAL ESTATE CLOSING: The balance of the purchase price is due at closing, which will take place within 10 days from delivery of marketable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.



POSSESSION: Possession of land will be at closing. Immediate possession to plant a crop can be obtained by an additional 10% earnest money.



REAL ESTATE TAXES: Real estate taxes will be the responsibility of the Buyer(s) beginning with 2010 taxes due in 2011.



Buyers Premium: A 2% Buyers Premium will be added to all final bids.



SURVEY/MINOR SUBDIVISION: Seller will provide new surveys as needed to provide good title. Tracts 1 and 2 will require a minor subdivision. Cost for survey and minor subdivision will be shared 50:50 between Buyer(s) and Seller.



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 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 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.



DEER and TURKEY PHOTOS: These photos are for illustrative purposes only and were not taken on site.

None at this time