233.6 +/- ACRES EAST GIBSON COUNTY FARMLAND


    • 233.6 +/- Total Acres with FSA 218 +/- Tillable Acres
    • Road Frontage
    • Adjacent to Interstate 69
    • Offered in 6 Tracts, Combinations, and the Entirety

LIVE AUCTION
Begins: 01/04/18 at 12:00 PM CST
Location: Dick Clark’s Family Restaurant, 702 N. Prince St, Princeton, IN 47670

REAL ESTATE AUCTION

THURSDAY, JANUARY 4, 2018 • 12:00 NOON CT

233.6 +/- AC EAST GIBSON COUNTY FARMLAND

Auction Location: Dick Clark’s Restaurant

702 N Prince St, Princeton, IN 47670

William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to Ryan and Katie Morgan, located in Sections 3 and 4 of Northwest Barton Township, Gibson County, Indiana.

DESCRIPTION:

  • 233.6 +/- Total Acres with FSA 233 +/- Tillable Acres
  • Road Frontage
  • Adjacent to Interstate 69
  • Offered in 6 Tracts, Combinations, and the Entirety

Property Location: The farm is located in Sections 3 & 4 of Barton Township; 14 miles SE Princeton, IN and 12 miles NE of Fort Branch, IN; just west of Somerville, IN

FOR THE FARMLAND INVESTOR: This farm features large fields with ample road frontage and Interstate 69 visibility.

PROPERTY DESCRIPTION:

Tracts 1-3: 106.4 +/- Total Acres; Approx. 106 Acres Cropland

The topography of the tracts is level to rolling with good drainage. The tracts have frontage along CR 550S and CR 875E, allowing for good access.

Located on the west side of Interstate 69, Tract 1 is accessed via CR 550S. Tracts 2 and 3 are accessed via CR 450S from the west to south on CR 875E. These tracts feature a swing tract which can only be combined with Tracts 1, 2, or an adjoining landowner.

Please refer to website for FSA and soil information.

GPS LOCATOR: [38.2824403,-87.4073238]

Tracts 1-3 will sell at Absolute Auction, regardless of price.

Tracts 4-6: 127.2 +/- Total Acres; Approx. 127 Acres Cropland

Large open field. The topography of the tracts is sloping to rolling with good drainage. The tracts have frontage along CR 925E and CR 875E, allowing for easy access. Sections have been tiled.

Please refer to website for FSA and soil information.

GPS LOCATOR: [38.2813581,-87.4026115]

Tracts 4-6 will sell subject to Owner’s approval.

AUCTION LOCATION: The auction will take place at Dick Clark’s Restaurant, 702 N Prince St, Princeton, IN 47670 at 12:00 NOON CT on Thursday, January 4, 2018.

INSPECTION: Call the Auction Company

OWNERS: Ryan and Katie Morgan               

All announcements the day of the auction take precedence over printed material or any other oral statements made.

 

PROCEDURE: The real estate will be offered in (6) tracts, combinations of tracts, and the entirety.  There will be open bidding during the auction as determined by the Auctioneer.  Conduct of the auction and increments of bidding are at the discretion of the auctioneer.  All decisions of the Auctioneer are final.

DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due at closing.  The down payment may be in the form of cash, cashier’s check, personal check or corporate check.  Bidding is not conditional upon financing. Bidders should arrange for financing, if needed, and be capable of paying cash at closing.

ACCEPTANCE OF BID: Successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction.  Tracts 1-3 will sell at Absolute Auction, regardless of price.  Tracts 4-6 will sell subject to Owner’s approval.

BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the high bid to determine the contract sale price.

DEED: Seller shall provide a Warranty Deed conveying title to the property.

CLOSING: The balance of the purchase price is due at closing, which will take place within 30 days of the presentation of insurable title.

POSSESSION: Buyers will receive possession to the property at closing. Buyer will have farming rights for 2018

REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyer beginning with the taxes due and payable in November 2018 and thereafter.  All prior taxes and assessments will be paid prior to closing.

ACREAGE: All tract acreages, dimensions, and proposed boundaries outlined on the auction plat and all advertising are approximate and are estimated based on current legal descriptions and/or aerial photos.  Purchaser should make his/her own independent determination of acreage prior to bidding. 

MINERALS: Owner will retain for 10 years or so long thereafter that oil and gas are produced from the property

SURVEY: If a survey is deemed necessary to establish a new legal description, the cost of the survey will be shared 50/50 between the seller and buyer.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this ad and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence.  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 WILLIAM WILSON AUCTION & REALTY, INC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits. All sketches and dimensions are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.

From SR 168 just west of Interstate 69 at Snake Run, turn North on CR 550E, then East on CR 550S. Watch for signs.

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