• Tillable Land • Potential Building Sites • Woods • Hunting
Land Auction, 113 Acres in 5 Tracts, Tillable, Building Sites, Hunting
Leesburg, Indiana - Kosciusko County
Owner: Lavon & Candy Lutes Tue, May 24, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Walkover Inspections are Welcome Any Time
Call for Private Inspections 800-659-9759.
PROPERTY LOCATION
From SR 15 in Leesburg, turn west on Prairie St. at (PNC Bank), travel 5 miles to CR 500 W then turn north 1/4 mile to Summy Rd. turn west ½ mile to farm. At 5786 W, Summy Road, Leesburg, IN.
AUCTION LOCATION
At the Atwood Community Building. At US 30 turn south on 700W. to Hovey St. then turn east (left) one block.
PROPERTY DESCRIPTION
buy the entire farm for approximately 100 tillable productive acres.
Bid your price on your choice of tracts or the entire property.
PARCEL ID: 021-015-002, 021-015-004, 021-014-004
TRACT DESCRIPTIONS
Tract 1: 3± ac nearly all tillable, productive land or potential building site.
Tract 2: 3± ac productive, tillable ground, or potential building site.
Tract 3: 6± ac all tillable land, excellent potential building site.
Tract 4: 61± ac approximately 57 acres of tillable land, with 3.5 wooded acres in the northeast corner of this tract.
Tract 5: 40± ac approximately 31 acres of tillable land, with remainder wooded. Private, potential building site. Access to this tract is a 20’ owned entry off Summy Road. A great potential building site and excellent hunting.
AREA MAP
TRACT MAP(S)
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: Tracts 1-5 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 of tracts 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% of the accepted bid as down payment on the day of the auction with balance in cash at closing. The down payment may be in the form of cash, 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.
APPROVAL 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.
DEED: Seller shall provide a Warranty deed.
EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.
CLOSING: Closing shall take place 15 days after proof of merchantable title.
POSSESSION: At closing on non-tillable land, and after harvest of crops on tillable. Buyers of 12 acres or more will receive a credit at closing of $100.00 per acre on tillable land.
REAL ESTATE TAXES: Seller pays 2010 taxes due in 2011. Buyer shall pay all taxes thereafter.
DITCH ASSESSMENTS: Buyer shall pay all ditch assessments due after closing.
ACREAGE: All acreage is approximate 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. In the event that the entire property sells to one buyer there shall be no survey.
EASEMENTS: The sale of the property is subject to any and all easements of record.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. 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 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. All sketches and dimensions in this brochure are approximate. 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 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.
None at this time
