• Property photo 1 - 71 Acres Offered in 3 Tracts - J.D. Egolf Estate
  • Property photo 2 - 71 Acres Offered in 3 Tracts - J.D. Egolf Estate
  • Property photo 3 - 71 Acres Offered in 3 Tracts - J.D. Egolf Estate
  • Property photo 4 - 71 Acres Offered in 3 Tracts - J.D. Egolf Estate
  • Property photo 5 - 71 Acres Offered in 3 Tracts - J.D. Egolf Estate
71 Acres Offered in 3 Tracts - J.D. Egolf Estate

71 Acres Offered in 3 Tracts - J.D. Egolf Estate

Northern Whitley County, Indiana

Owner: J.D. Egolf Estate, Gail Egolf & Gary Egolf, Co-Personal Representatives, Ben Gates, Attorney for Estate Tue, Apr 12, 2011 EASTERN

AUCTION IS OVER

• Productive Farmland • Timber Acreage • Great Location


OPEN HOUSE/INSPECTION DATES

For a private inspection, call the sale manager.

PROPERTY LOCATION

5 miles northwest of Churubusco on US 33 to Whitley-Noble County Line Road (W-700 N, N-600 S), then west 1 1/4 mile.

AUCTION LOCATION

Eagle’s Nest Event Center. Located at State Road 205 East, Columbia City, in Eagle Glen Addition.

TRACT DESCRIPTIONS

Tract 1: 37± ac Tillable cropland consisting of Morley, Glynwood, Milford, & Shoals loamy soils with 2011 crop rights.

Tract 2: 27± ac Rolling wooded acreage with walnut, red oak & cherry timbers and 50’ of owned access to County Line Road.

Tract 3: 7± ac “SWING TRACT” - 7 acres mostly tillable Morley, Blount, Glynwood loamy soils. (This tract must be purchased by an adjoining land owner or with Tract 2.)


AREA MAP

Satellite area map of the auction location near Northern Whitley County, Indiana

TRACT MAP(S)

Tract map - 71 Acres Offered in 3 Tracts - J.D. Egolf Estate

SOIL INFORMATION

Soil map - 71 Acres Offered in 3 Tracts - J.D. Egolf Estate

AREA MAP(S)

Area map - 71 Acres Offered in 3 Tracts - J.D. Egolf Estate

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts (subject to swing tract limitations) and as a total 71 acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. 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.

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.

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

DEED: Seller shall provide a Warranty Deed.

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

POSSESSION: Possession is at closing; or buyer(s) of tillable acreage may have possession with payment of an additional 10%.

REAL ESTATE TAXES: Buyer will assume all taxes due May 2012 and thereafter. 2009/10 taxes were $646.32.

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 new survey will be ordered only if needed for marketable title and the cost of the new survey will be split 50:50 between buyer 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 â€

None at this time