120 AC POSEY COUNTY LAND AUCTION
POSEY COUNTY LAND AUCTION
THURSDAY, DECEMBER 5, 2019 • 5:30 PM CT
120 +/- ACRES OFFERED IN (2) TRACTS
William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to the Kelley Heirs, located in Section 22 of Black Township and Section 1 of Point Township, Posey County, Indiana.
• 120+/- Total Acres
• Black Township Farm with FSA 77.44 +/- Tillable Acres
• Point Township Farm with FSA 25.92 +/- Tillable and Recreational Acres
• Offered in (2) tracts
• Producing Oil Royalty Offered Separately
PROPERTY LOCATION: Located in Section 22 of Black Township with frontage along Zoar Church Road [GPS LOCATOR: 37.892380, -87.975286] and Section 1 of Point Township with frontage along Slim Bottom Road [GPS LOCATOR: 37.847920, -88.040166]
PROPERTY DESCRIPTION: 120 +/- Total Acres
Tract 1: 79 Total Acres, Approx 77.44 Acres Cropland
- For the farmland buyer, this tract features frontage along Zoar Church Road with easy access from Raben Road and South Hwy 69. The tract represents quality farmland featuring Wheeling and Vincennes soils as the predominant soil types on this tract. The tract also features an oil royalty interest, which will be offered separately at the auction. [GPS LOCATOR: 37.892380, -87.975286]
The 2019 crop was a mix of corn and soybeans. Please refer to website for FSA and soil information.
Tracts 2: 40 Acre Tract near Wabash River, Approx. 25.92 Acres Cropland
- For the farmland investor or recreational buyer, this farm is productive Posey County farmland featuring McAdoo and Newark loams as the predominant soil types on this tract with nearby access to the Wabash River and wildlife. [GPS LOCATOR: 37.847920, -88.040166]
MINERALS: Mineral rights and royalty interest on Tract 1 will be offered as a separate tract. Seller will convey all minerals with Tract 2.
AUCTION LOCATION: The Auction Center, 1026 Granary St, New Harmony, IN 47631
November 26, 12-1 PM (CT)
Meet a Wilson Representative at The Auction Center, New Harmony, Indiana
OWNER: Wilma Kelley Heirs
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 two (2) tracts. 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. The down payment is non-refundable.
BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the high bid to determine the contract sale price.
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. The final bid price is subject to the seller’s acceptance or rejection.
DEED: Seller shall provide a sufficient 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 2020.
REAL ESTATE TAXES: Buyer will pay taxes in May 2020 and all thereafter.
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: Sellers will convey all minerals they own for Tract 2. Mineral rights and oil royalty will be offered separately on Tract 1.
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.
DIRECTIONS TO FARM: To Black Township Farm – Tract 1: From Hwy 62 West of Mt. Vernon, turn SOUTH on Raben Road, then EAST on Zoar Church Road. Watch for signs.
To Point Township Farm – Tract 2: Follow GPS coordinates