REAL ESTATE AUCTION - 54+/- ACRES OFFERED IN 5 TRACTS IN ALLEN COUNTY, INDIANA
Mon, Jul 23, 6:00 PM
Woodburn, Indiana - Allen County, Indiana
Owner: Gregory L. Reed Revocable Living Trust - Attorney: Mitch ThompsonReed
• 2 DATES - 2 AUCTIONS - REAL ESTATE ON MONDAY, JULY 23 @ 6PM - PERSONAL PROPERTY ON SATURDAY, JULY 21 @ 9AM • 54+/- Acres offered in 5 Tracts • 2 Barns • Pond • Tillable Land • Building Sites • Online Bidding Available
OPEN HOUSE/INSPECTION DATES
PROCEDURE: The property will be offered in 5 individual tracts, and in any combination of these tracts, or as a total 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. The property will be bid in the manner resulting in the highest total sale price.
DOWN PAYMENT: 10% Cash down payment at close of auction for individual tracts or combination of tracts. The down payment may be made in the form of Cash or cashiers check or a personal or corporate check immediately negotiable. 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: At the close of the auction, Buyer(s) will be required to execute an Agreement to Purchase Real Estate and Addendum. The terms of this agreement and addendum are non-negotiable. All final bid prices are subject to the Sellers acceptance or rejection.
DEED: Seller shall provide a Trustees deed. Real Estate sold subject to all rights of way, legal highways, leases, and easements of public road and utilities.
EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.
CLOSING: Balance of purchase price is due in cash at closing, which will take place on or before August 23, 2018. The cost for an insured closing will be shared 50/50 between Buyer and Seller. All lenders costs shall be paid by the Buyer(s).
POSSESSION: Possession of the tracts with buildings shall be at day of closing. Possession of the tillable acres shall be subject to Tenant Farmers 2018 hay crop.
REAL ESTATE TAXES: The Real Estate Taxes shall be pro-rated to the date of closing. The Buyer(s) shall pay all thereafter.
DITCH ASSESSMENTS: Buyer(s) shall pay all ditch assessments due after closing.
ACREAGE: All tract acreage, dimensions, and proposed boundaries are approximate and have 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. The 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. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, except Tract 9 and any combination that contains Tract 9. In the event that the entire property sells to one buyer there shall be no survey.
PROPERTY INSPECTION: Each potential Bidder is responsible to conduct, 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. Please feel free to inspect the land at any other time at your own risk and being careful to respect the tenant farmers growing crops.
EASEMENTS: All real estate is being sold subject to any existing recorded easements. Existing recorded leases, if any will be assigned to the Buyer.
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. Your bids are to be based solely upon your inspection. All real estate is sold as is without physical warranty. Seller and agent are not assuming any responsibility for warranty of any specific zoning classifications, location of utilities, assurance of building permits, driveway permits or water and septic permits. 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. 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 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.
JERRY EHLE
(866) 340-0445
(260) 410-1996 (cell)
Email Agent
MIKE ROY
(866) 340-0445
(260) 437-5428 (cell)
Email Agent