• Property photo 1 - 140+/- Acres Offered in 2 Tracts
  • Property photo 2 - 140+/- Acres Offered in 2 Tracts
  • Property photo 3 - 140+/- Acres Offered in 2 Tracts
  • Property photo 4 - 140+/- Acres Offered in 2 Tracts
  • Property photo 5 - 140+/- Acres Offered in 2 Tracts
  • Property photo 6 - 140+/- Acres Offered in 2 Tracts
  • Property photo 7 - 140+/- Acres Offered in 2 Tracts
  • Property photo 8 - 140+/- Acres Offered in 2 Tracts
140+/- Acres Offered in 2 Tracts

140+/- Acres Offered in 2 Tracts

Hamilton County, Indiana - Walnut Grove

Owner: Nance Farm Wed, Nov 24, 2010 EASTERN

AUCTION IS OVER

• Productive Tillable Farmland • Primarily Brookston & Crosby Soils • 1031 Exchange Opportunity • Hamilton Heights Schools


OPEN HOUSE/INSPECTION DATES

Sat., Nov. 13, 10 AM - 12 Noon & Sat., Nov. 20, 10 AM - 12 Noon

PROPERTY LOCATION

3.9 miles East of Arcadia on E. 266th St., then 1/2 mile South on S.R. 213 OR 2.8 miles North of the Jct. of S.R. 37 & S.R. 213

AUCTION LOCATION

Walnut Grove Community Building, Located at the Southwest corner of S.R. 213 & E. 256th St.

PROPERTY DESCRIPTION

Note: Call auction Mgrs. for the timber evaluation report on Tract 2.

TRACT DESCRIPTIONS

Tract 1: 55± ac with approximately 54 acres of productive tillable farmland. This tract features Brookston Silty Clay Loam and Crosby Silt Loam soils. This tract has approximately 500 feet of road frontage on S.R. 213.

Tract 2: 85± ac with approximately 62 acres tillable and 19 acres of mixed hardwoods. This tract also features high quality Brookston and Crosby Soils with a good drainage outlet via the open ditch. This tract will have owned access around the open ditch for access to the back part of Tract 2. The existing lane between Tracts 1 & 2 will be owned by Tract 2, if they are sold separately. This tract has approximately 1,450 feet of frontage on S.R. 213.


AREA MAP

Satellite area map of the auction location near Hamilton County, Indiana - Walnut Grove

TRACT MAP(S)

Tract map - 140+/- Acres Offered in 2 Tracts

SOIL INFORMATION

Soil map - 140+/- Acres Offered in 2 Tracts

AREA MAP(S)

Area map - 140+/- Acres Offered in 2 Tracts

PROCEDURE: This property will be offered in 2 individual tracts, any combination of tracts or as a whole 140± acre property. The property will be sold in the manner resulting in the highest total sale price.

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 the Sellers’ acceptance or rejection.

DOWN PAYMENT: 10% down payment on the day of 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 CONDIDIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: The balance of the purchase price is due at closing, which shall take place within 10 days from delivery of marketable title. Closing shall be no later than December 28, 2010. Closing costs for an administered closing shall be shared 50:50 between Buyer(s) and Sellers.

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

POSSESSION: Possession of the land shall be at closing.

REAL ESTATE TAXES: Buyer shall assume the 2011 real estate taxes due in 2012. Buyer shall assume ditch assessments due in 2011 and thereafter.

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

FSA INFORMATION: The farm is enrolled at the Tipton County FSA office in Tipton, IN., which shall make all acreage determinations and eligibility for farming programs.

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.

SURVEY: AT THE SELLER’S OPTION, the Sellers 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 Sellers, cost of the survey will be split 50:50 between Buyer(s) and Sellers. The type of survey performed shall be at the Seller’s option sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Sellers. Tracts bid in combinations shall receive a perimeter survey only.

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 â€

None at this time