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LAND AUCTION - 252+/- ACRES OFFERED IN 7 TRACTS IN CASS COUNTY, INDIANA
Wed, Aug 25, 6:00 PM
2281 E 125 N Logansport, IN 46947 - Cass County, IN

Owner: Stephen Heckard, Nancy Rhodes, Tom Heckard

SOLD FOR $2,270,000

• Productive Farmland • Quality Soil • Possible Building Sites • Mini Farm Sites • Lots of Road Frontages

PROPERTY LOCATION
From the intersection of US 24 & US 35 on the West side of Logansport, IN, take US 35 3 miles North to CR 200 N. Then, take 200 N 2.3 miles East to Indian Creek Road

AUCTION LOCATION
Cass County Fairgrounds - 2281 E 125 N Logansport, IN 46947
From Logansport, IN, take SR 25 North approx. 1 mile to CR 100 N. Then, take CR 100 N approx. 3/4 mile East to CR 200 E, and take 200 E North. Follow the signs to Cass County Fairgrounds.

TRACT DESCRIPTIONS
Tract 1: 58 ± ac mostly all productive farmland and quality soils. This tract has 259.5ft of road frontage on CR 200 N.
Tract 2: 30.8± ac parcel of land, with productive cropland and quality soils. This tract has frontage on CR 275 N and Indian Creek Road.
Tract 3: 14.5± ac Tract of land with productive farmland. This tract mostly tillable and with frontage on Indian Creek Road.
Tract 4: 37.5± ac parcel of land with quality soils. Mostly tillable with frontage on CR 200 N and Indian Creek Road.
Tract 5: 31.5± ac tract of land with mostly all productive cropland. This tract has frontage on 200 N and Indian Creek Road.
Tract 6: 49.5± ac parcel of productive cropland. Quality soil and mostly all tillable.
Tract 7: 25.4± ac tract of land. Mostly tillable with frontage on Indian Creek Road and 275 N.

PROCEDURE: The property will be offered in 7 individual tracts, any combination of tracts and as a total 252+/- acre unit. There will be open bidding on all tracts & combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations & 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 & 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.

DEED: Seller shall provide a Warranty Deed(s).

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

CLOSING: The balance of the purchase price is due at closing, which will take place approximately 30 days after the crops are harvested or a targeted closing date on or before November 1st, 2021. Costs for an administered closing shall be shared 50:50 between Buyer(s) & Seller. All lender costs shall be paid by the Buyer(s).


POSSESSION: At Closing - Subject to Tenant right for the 2021 growing crops.

REAL ESTATE TAXES: Buyer shall pay all 2022 due 2023 real estate taxes.

ACREAGE: All tract acreages, dimensions & proposed boundaries are approx. & have been estimated based on current legal descriptions &/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 this auction. 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 the survey. The type of survey performed shall be at the Seller's option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

AGENCY: Schrader Real Estate & Auction Company, Inc. & its representatives are exclusive agents of the Seller.

DISCLAIMER & ABSENCE OF WARRANTIES: All info contained in this brochure & all related materials are subject to the terms & conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, & no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches & dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, & due diligence concerning the property. The info 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 & increments of bidding are at the direction & discretion of the Auctioneer. The Seller & Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's 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.