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LAND AUCTION - 105+/- ACRES OFFERED IN 6 TRACTS IN WELLS COUNTY, INDIANA
Fri, Nov 5, 10:00 AM
Montpelier, IN - Wells County, IN

Owner: Robert Graves, Dardanella Falls & Cheryl Romine

SOLD FOR $1,112,000

OPEN HOUSE/INSPECTION DATES
Tuesday, October 19th from 3:00PM-5:00PM
Saturday, October 30th from 10:00AM-12:00PM
Or call the Auction Manager for private appointments

PROPERTY LOCATION
From Warren, IN: Travel 5 miles east on SR 218 to CR 600W (Mt. Zion), travel 3.5 miles south to property.
From Montpelier, IN: Travel 3 miles west on SR 218 to CR 200E, travel north 3.5 miles to property.

AUCTION LOCATION
Montpelier Civic Center
339 S Main St. Montpelier, IN 47359

TRACT DESCRIPTIONS
Tract 1: 38± ac mostly tillable and mostly Haskins, Haney, Rensselaer & Eldean soils. Frontage on CR 900S.
Tract 2: 15± ac mostly tillable and mostly Rensselaer, Haskins & Millgrove soils.
Tract 3: 27.5± ac has woods with 25 feet deeded access from CR 600W.
Tract 4: 5± ac has an existing well & septic system, with access from CR 900S.
Tract 5: 10± ac located north at CR 900S.
Tract 6: 9.5± ac with 9+/- acres tillable. Soils are mainly Haskins & Coesse. Improved with a 3 bedroom, 1 bath, 1,180 square foot Manufactured Home.

• Tracts 1-6
  

PROCEDURE: The property will be offered in 6 individual tracts, any combination of tracts and as a total 105+/- 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 ejection.

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

DEED: Seller shall provide Warranty Deed(s).

CLOSING: The targeted closing date will be approximately 30 days after the auction.

POSSESSION: Possession is at closing.

REAL ESTATE TAXES: Real estate taxes will be prorated to the day of closing.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, 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. Further, Seller disclaims any and all responsibility for Bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, 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 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. 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 "AS IS, WHERE IS" basis, and no warranty or representation, either expressed 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 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 Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and 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 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.

STOCK PHOTOGRAPHY: Photos are for illustrative purposes only and are not of the auction property.