LAND AUCTION - 85.7+/- ACRES OFFERED IN 3 TRACTS IN WAYNE COUNTY, INDIANA
Thu, Oct 24, 6:00 PM
Southeast Indiana - Near Centerville - Wayne County, IN
Owner: William Burris Estate, Stan Burris Personal Representative, John Sayre, Attorney
• PERSONAL PROPERTY AUCTION OCTOBER 10TH AT 11AM • 85.7+/- Acres offered in 3 Tracts • 60.2 FSA Total Cropland Acres • Good Soils and Owner Operated for Many Years • Available for 2020 Crop or your Hay • Nice Part Time Farm for Crop and Livestock • Southeast Indiana, Near Centerville • Centerville Schools • 6 Miles Off I-70 at Centerville Exit • Between Richmond and Cambridge City • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.
OPEN HOUSE/INSPECTION DATES
Saturday, September 28th from 9-11am
Thursday, October 10th from 9-11 am
Saturday, October 19th from 9-11 am
3796 Willow Grove Rd. 3.5 miles southwest of Centerville. From Centerville Rd. (Morton Ave.) and Hwy. 40 stoplight then 1/2 mile west on Hwy. 40 to McMinn Rd. then south to Willow Grove then right on Willow Grove Rd. Left at stop sign intersection of Colvin Rd. continue 2 miles on the right on Willow Grove.
Golay Community Center, 1007 E. Main, Cambridge City.
Located at the intersection of US 40 and State Hwy. 1 on the northwest corner.
Tract 1: 43± ac with 36+/- cropland and about 7+/- acres woodland. Nolands Fork Creek on the west side. Good frontage on Willow Grove Rd. 11+/- acres hay currently. Nice tract for many uses. Some fence and good lane. Crop land and recreational uses right here.
Tract 2: 32.7± ac with about 24+/- acres cropland and 8+/- acres woodland. 40 ft. of owned frontage on Willow Grove Rd. Nolands Fork Creek on west end is good for fishing and canoeing. Some fence. Buy with Tracts 1 or 3 also.
Tract 3: 10± ac with two story 1,961 sq. ft. farmhouse, 4 bedroom, 1.5 bath. Nice older woodwork and basement. 43 ft. x 63 ft. pole barn and 32 ft. x 40 ft. beam barn with 3 stalls and loft. Fenced. Generator hookup. Small stream. Great quiet place in country for everybody.
PROCEDURES: The property will be offered in 3 individual tracts, any combination of tracts, or as a total 85.7+/- 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: Real Estate 10% down payment on the day of the 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: Successful bidder(s) 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 acceptance or rejection.
EVIDENCE OF TITLE: Sellers shall provide an owners title insurance policy in the amount of the purchase price.
DEED: Sellers shall provide Personal Representative Deed.
CLOSING: The targeted closing date will be approximately 30 days after the auction. The balance of the real estate purchase price is due at closing. POSSESSION: At closing. 2020 crop rights and timber rights to be conveyed.
REAL ESTATE TAXES: Seller to pay 2019 taxes payable 2020 to be credited to Buyer(s) at closing. Taxes estimated at $3,579.38 or $42.24/acre.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.
FSA INFORMATION: Farm #357, Tract #823. Total 60.22 acres cropland. Corn base of 10.8 acres with yield of 129 Bu., Bean base of 24 acres with yield of 43 Bu. and Wheat base of 5.2 acres with yield of 59.
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the 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 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. 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decision of the Auctioneer is final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.