• Property photo 1 - 36+/- Acres Offered in 1 Tract
  • Property photo 2 - 36+/- Acres Offered in 1 Tract
36+/- Acres Offered in 1 Tract

36+/- Acres Offered in 1 Tract

Miami County, Indiana

Owner: Paul Lavengood Wed, Apr 20, 2011 EASTERN

AUCTION IS OVER

• Productive Tillable Land • Immediate Possession for 2011 Crop Year! • Today's crop prices make this a great opportunity to buy at auction!


OPEN HOUSE/INSPECTION DATES

Walkover Inspections welcome at any time.

PROPERTY LOCATION

1/4 mile east of US 31 on CR 500 S. in Miami County (just 2 miles north of Grissom Air Force Base).

AUCTION LOCATION

Best Western Circus City Inn, 2642 S. Business 31, Peru, IN 46970.

TRACT DESCRIPTIONS

Tract 1: 36± ac of productive, nearly all tillable cropland. This tract features road frontage on both US 31 and CR 500 S. Note: Buyer will receive the 2011 crop rights.


AREA MAP

Satellite area map of the auction location near Miami County, Indiana

TRACT MAP(S)

Tract map - 36+/- Acres Offered in 1 Tract

SOIL INFORMATION

Soil map - 36+/- Acres Offered in 1 Tract

AREA MAP(S)

Area map - 36+/- Acres Offered in 1 Tract

PROCEDURE: This property will be offered as a total 36+/- acre unit.

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 Seller's acceptance or rejection.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing, or 20% down for immediate possession. The down payment may be made in the form of cashier's 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.

CLOSING: The balance of the purchase price is due at closing, which shall take place within 15 days from delivery of marketable title. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller.

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

POSSESSION: Possession of land is at closing, or immediate possession with 20% down.

REAL ESTATE TAXES: Buyer shall assume the 2011 real estate taxes due in May of 2012 and thereafter. Buyer shall assume any 2011 Ditch Assessments.

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

SURVEY: A new survey has been prepared and the cost shall be shared 50:50 between the Buyer and 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 conduction 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 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.

None at this time