70 +/- AC GIBSON COUNTY LAND AUCTION
GIBSON COUNTY LAND AUCTION
THURSDAY, DECEMBER 12, 2019 • 5:30 PM CT
70 +/- ACRES OFFERED IN (3) TRACTS
William Wilson Auction & Realty, Inc. has been authorized to sell the real estate belonging to Patrick Shoultz and Abby Shoultz, located in Sections 1 and 7 of Columbia Township, Gibson County, with frontage along Interstate 69, East CR 50 N, and South CR 1150E.
• 70 +/- Total Acres with FSA 67.01 +/- Tillable Acres
• Interstate and County Road Frontage with Easy Access
• Offered in (3) Tracts
PROPERTY LOCATION: Located in Sections 1 and 7 of Columbia Township, with frontage along Interstate 69, East CR 50 N, and South CR 1150E
Tracts 1 & 2: 54.91 Total Acres, Interstate 69 Frontage
- For the farmland buyer, these tracts feature frontage along Interstate 69, East CR 50 N and South CR 1150 E with easy access. They represent quality farmland with Alford, Hosmer, Muren, and Wakeland as the predominant soil types. The north field is tiled and terraced.
Tracts 3: Approx. 15 Acres Cropland
- For the farmland investor, this farm is productive farmland featuring Hosmer and Bonnie as the predominant soil type on these tracts with a small amount of Reesville soils.
The 2019 crop was a mix of corn and soybeans. Please refer to website for FSA and soil information.
FOR THE FARMLAND INVESTOR: This farm represents highly productive tillable tracts in an area of Gibson County known for strong production numbers, with ample road frontage and easy access to grain terminals — all combined to make this an attractive farmland investment opportunity.
AUCTION LOCATION: Thursday, December 12, 2019, 5:30 PM (CT) at
Oakland City Community Building at Wirth Park
1210 W. Morton St, Oakland City, IN 47660
INSPECTION: December 2, 3-4 PM (CT)
Meet a Wilson Representative at Tract 2
OWNER: Patrick Shoultz, Abby Shoultz
All announcements the day of the auction take precedence over printed material or any other oral statements made.
Hwy 66 East · New Harmony, Indiana
(812) 682-4000 – Toll-Free (877) 338-3272
email@example.com – www.wilsonauctions.com
BILL WILSON, CAI – #AU01037816
ANDREW WILSON, CAI, CES – #AU19800110
AARON WILSON, CAI, CES – #AU10300104
PROCEDURE: The real estate will be offered in three (3) 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 1% 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. Buyers 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.
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: From Hwy 57 North of Oakland City, turn West on E CR 50 N Road and proceed approx. 1-mile. Watch for signs.