TIMED ONLINE ONLY PERSONAL PROPERTY AUCTION IN DEKALB COUNTY, IN
1662 County Road 19 Waterloo, IN 46793 - Dekalb County
Owner: Frank Kessler Estate Sun, Mar 20, 2022 EASTERNAUCTION IS OVER
Online Bidding is available for this auction. Click on the link(s) below to view more photos, catalog and to bid online.
** Click here for online Ring 1 **
These are just some of the highlights of the auction. There is a large quantity of good quality merchandise being offered at this auction. Please visit www.schraderfortwayne.com for photos and the link to the online bidding platform which will provide detailed photographs and descriptions of every lot. Once on the website please click on the auction and look for this link to the online bidding platform
OPEN HOUSE/INSPECTION DATES
RE and PP Open House Dates:
Sunday, March 6 1 - 4pm
Sunday, March 13 1 - 4pm
or call for private showing.
LOAD OUT INFORMATION:
Tuesday, March 22nd from 10AM-6PM
Wednesday, March 23rd from 10AM-6PM
EQUIPMENT & PERSONAL PROPERTY
PROCEDURE: This property will be offered at oral auction in 6 individual tracts, any combination of tracts, or as a total unit. There will be open bidding on individual tracts and the combination of tracts during the auction, until the close of the auction as determined by the auctioneer.
DOWN PAYMENT: A 10% down payment is due the day of auction for individual tracts or combination of tracts. The down payment will be made the day of auction, immediately following the auction, with the balance in cash at closing. The down payment may be made in the form of 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.
ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the sellers rejection or acceptance.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Seller shall provide a Personal Representatives Deed(s).
CLOSING: The balance of the purchase price is due at closing. A targeted closing date will be approximately 30 days after the auction, or as soon thereafter as applicable closing documents are completed by the seller. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. Any costs associated with securing a mortgage shall be paid by the buyer(s).
POSSESSION: Possession is subject to the tenant farmers rights to the 2022 crop harvest. The seller shall retain their share of the 2022 crop and credit the new buyer(s) $100 per tillable acre at the time of closing. Possession of tract 4 with the improvements shall be given at closing, immediately following the closing with the exception of the crop land. New buyer(s) shall have access to the property for recreational purposes, however possession for any farming activities will not be until the 2022 crop is removed.
REAL ESTATE TAXES: The 2021 due and payable 2022 real estate taxes shall be paid by the seller. The 2022 due and payable 2023 real estate taxes shall be prorated to the date of closing.
PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: A perimeter survey has been completed by Midwest Land Surveying. If the property sells as 1 unit, the new buyer will receive a copy of this survey. If the property sells in a manner where new boundaries are created by the tract divisions in this auction, each buyer will receive a copy of the survey for the PERIMETER ONLY of the tracts they bought. Seller and successful bidder(s) shall each pay half (50:50) of the cost of any survey work completed on the auction property. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Final sales price shall be adjusted to reflect any difference between advertised acres and surveyed acres, except with respect to Tract 4.
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, including if any or all the auction tracts qualify for any kind of residential development. All tracts are being offered for recreational and farming purposes only. 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 persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL ORANY OTHER ORAL STATEMENTS MADE.
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