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38.33+/- ACRES OFFERED IN 1 TRACT IN GRANT COUNTY INDIANA
Wed, Dec 4, 6:00 PM
S 800 W Fairmount IN 46928-Grant County Indiana

Owner: Donn A. Leach Trust, James L. Gordon Trustee

SOLD FOR $575,000

• Good Location In Point Isabel Community • 37.7+/- Acres Well Drained Cropland • Crop Rights 2025 Conveyed Top Soil Index/Ready to Farm • Great Investment Opportunity

OPEN HOUSE/INSPECTION DATES
Thursday November 21, 2024 from 9-11am

PROPERTY LOCATION
S 800W, Fairmount, IN
1/2 mile North of Co. Rd. 1200S. From Elwood North on Hwy. 13 to Co. Rd. 1200S. East 1/2 mile to CR 800W then North about 1/4 mile.

AUCTION LOCATION
Harmony Christian Church
9043 West CR 1800N, Elwood, IN 46036
Southwest corner of Hwy. 13 and Co. Rd. 1800N.

PROPERTY DESCRIPTION
38.33+/- ACRES with 37.7+/-acres cropland. Great frontage on Co. Rd. 800 West. All high quality Patton and Crosby soils. Corn soil index 169 bu.!

AUCTION TERMS & PROCEDURES

PROCEDURES: The property will be offered in 1 individual tract as a total 38.33+/- acre unit. There will be open bidding during the auction as determined by the Auctioneer. Bids on 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 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 Seller's acceptance or rejection.

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

DEED: Sellers shall provide Trustee Deed.

CLOSING: The targeted closing date will be within 30 days. The balance of the real estate purchase price is due at closing.

POSSESSION: At closing subject to 2024 crop rights expiring February 1, 2025. 2025 crop rights to be conveyed.

REAL ESTATE TAXES: Seller to pay 2024 taxes payable 2025 to be credited to Buyer(s) at closing. Taxes estimated at $1,650.55/yr.

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: See Agent.

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 person's credentials, fitness, etc. All decisions 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.