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BUYER MAY PURCHASE PRIOR TO AUCTION

The Robert A. Nichols Estate, Personal Representative: Arthur Evans; Attorney for the Estate: James O. McDonald, will offer for sale:

9739 S County Road 825 E Offered in 2 Tracts | Tract 1: 124.57 Acres with Grain Bins | Tract 2: Home & Barn on 2.6 Acres

Auction Date: Wednesday, December 4, 2024 @ 2:00 PM

Auction Location: Cloverdale American Legion (501 S Main Street Cloverdale, IN 46120)

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: Tuesday, December 3, 2024 @ 12:00 NOON

DIRECTIONS: From Cloverdale go south on State Road 231 to State Rd. 42, then East 6 miles to 9739 South County Rd. 825 E. Watch for Johnny's Signs

127.17 acres in 2 tracts.

Buy one or buy both..

Tract 1:
This is 124.57 acres with 86 acres shown, via FSA, Tillable..

There are two usable grain bins on this tract:
1) 5,000 bu
2) 9,000 bu
Both have fans but no drying capability.

Tract 2:
This 3 bedroom, one and a half Bath home sits on 2.6 Surveyed acres.

The washer, dryer, dishwasher, refrigerator and range stay in the home.

With that is a large barn with concrete floor, overhead door, 3 sliding doors and a service door.

2 rooms have heat and one has air.

There is a large doghouse with heat..

There are two 1000 gallon LP gas tanks and two 500 gallon LP tanks.

Unless some gas company shows ownership, they will go to the buyer.

Real Estate Taxes: Pro rated

Terms: This Sale is Subject to Court Approval. 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 4% Buyer’s Premium which will be added to the bid price to arrive at the contract price.

Possession: See below.

Possession of Non-Tillable: At closing.

Possession of Tillable: After 2024 crops are harvested.

Possession of Home: At closing

Possession of Crop or Crop Monies: The cash rent will be prorated to buyer at closing.

Mineral Rights: Any and all minerals, oil, coal and gas owned by the seller will be transferred to the buyer.

Survey: A free Survey on Tract 2. Buyer will pay for survey on Tract 1, if needed.