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SOLD PRIOR TO AUCTION! | $7,155 PER ACRE | $321,975.00 TOTAL | THANK YOU!

BUYER MAY PURCHASE PRIOR TO AUCTION

Fred Drake will offer for sale:

45 Acres | 36 Tillable

On the East side of Payne Place

Thursday, October 24, 2024 @ 2:00 PM

Johnny Swalls Auction, Inc (111 W Main Street Farmersburg, IN 47850)

This property may be purchased prior to Auction by contacting the Auctioneer with an offer and the Seller will act on the offer. The deadline for making this offer is: Wednesday, October 23, 2024 @ 12:00 NOON

DIRECTIONS: 2 miles west of US 41 on State Road 246 then South 1 mile. If the bridge is still out on 246 go south on US 41 to the first road south of 246 and turn right and follow the signs. The property is on the south east corner of South Payne and West Hampton Place. Call johnny 812-249-5090

45 acres on the corner with 36 tillable.

The Buyer will receive prorated cash rent on the 36 acres.

All the equipment and trailers go to the Buyer, except the hay baler.

There is city Water on the west side of the property.

This property is not on gravel, So no Dust!

Terms: The Successful Bidder will deposit 5% of the contract purchase price (minimum $1,000, except for exempt entities) at the Auction in the form of cash, cashier’s check, approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyers will sign a non-contingent real estate contract with the balance due in 30 days or thereafter within 5 days of presentation of insurable title. The Real Estate will be sold “AS-IS” with no warranty, expressed or implied, but will be free and clear of any liens or encumbrances. An ALTA 2006 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyers by the Seller and Seller shall pay for title search, premium for owner’s policy and cost to correct any title defects. If obtaining a loan, the Buyers shall pay the mortgage policy and recording of necessary documents. The Auction will conclude when the Auctioneer determines that all Buyers have made their best and final offers. Anyone desiring to bid must be approved prior to sale by Johnny Swalls. Any statements made by the Auctioneer on day of sale or during the sale take precedence over any oral or written heretofore.

Buyers Premium: The Buyer's will pay 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price.

Possession: At closing and not before.

Survey: Buyer will pay for survey, if one is needed