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LAND AUCTION - 54.1+/- ACRES OFFERED IN 2 TRACTS IN NOBLE COUNTY, INDIANA
Tue, Mar 14, 6:00 PM
Noble County, Indiana - Washington Township, near Kimmel, IN

Owner: Byer Family

SOLD FOR $418,000

• 54.1+/- Acres offered in 2 Tracts • Highly Productive Soils • 2017 Farming Rights Available • Opportunity to purchase a very nice acreage! • Online Bidding Available

OPEN HOUSE/INSPECTION DATES
Walk Over Inspections welcome. For private inspections, call Sale Manager.

PROPERTY LOCATION
200S between 800W & 700W on the north side of the road in Washington Township, Noble County, near Kimmel, IN.

AUCTION LOCATION
Washington Township Community Center, located 1/4 mile north of the intersection of CR 200S & 925W on the west side of the road.

TRACT DESCRIPTIONS
Tract 1: 27± ac of highly productive soil with 2 older buildings, one approx. 34x26 and the second is approx. 24x96. Soil type is predominantly Glynwood silt loam soil. It has approx. 25.5 acres tillable. There is a small, approx. 1/2 acre of woodland in the northwest corner.

Tract 2: 27± ac of highly productive soil with, predominant soil types being Glynwood silt loam and Morley silty clay. This tract is nearly all tillable.


SOIL INFORMATION

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PROCEDURE: The property will be offered in 2 individual tracts or as a total 54.1+/- acre unit. There will be open bidding on the two individual tracts and the combination of both tracts during the auction as determined by the auctioneer. Bids on tracts and the total property may compete.

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, 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: The successful bidder will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. Seller reserves the right to reject any and all bids.

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

DEED: Seller shall provide a Warranty Deed.

TAXES: Pro-dated to day of closing.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of presentation of insurable title. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller.

POSSESSION: Possession day of closing. Immediate access is available prior to closing, if Buyer so elects, for normal spring farming activities, including preparing for and/or planting the 2017 crop, soil testing, fertilizer application and/or tillage. If Buyer elects to have access prior to closing, Buyer will be required to deliver an additional 10% down payment (for a total of 20%) and sign a Pre-Closing Access Agreement.

REAL ESTATE TAXES: Real Estate Taxes will be pro-rated to the day of closing.

SURVEY: The Seller shall not provide a new survey unless the property sells in 2 tracts. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of any new survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

FSA INFORMATION: Land in enrolled in the FSA farm program, having selected the ARC/county option. Farm has a full base with 1/2 corn acres and 1/2 soybeans.

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 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. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the 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 OR ANY OTHER ORAL STATEMENTS MADE.