42 ACRE LAND AUCTION
First Financial Bank will offer for sale, at Auction, the following 42 Acres located in Section 24, Township 12 North, Range 6 West, Jackson Township, Clay County, Indiana. From State Road 59 go east on State Road 42 approximately 6 miles to county Road 500 East thence north approximately 2 miles to County Road 600 North thence west or left to the property. WATCH FOR JOHNNY'S SIGNS!
THURSDAY, MAY 10, 2007 - 3:00 PM
CLAY COUNTY, INDIANA
OWNER: First Financial Bank
SALE LOCATION: At the Property
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REAL ESTATE: This is 42 Acres m/l, located in Section 24, Township 12 North, Range 6 West, Jackson Township, Clay County, Indiana. The property has approximately 21 tillable acres and 21 acres of woods. The soil types are IVA and AVA. The Buyer will receive the 2007 Cash Rent. This property has excellent hunting potential!
PARCEL NUMBERS: 0050072800; 0050072700; 0050072600
LEGAL: PT W PT NW NE containing 3 acres m/l; PT NW NE containing 35 acres m/l; PT W1/2 NE NE containing 5 acres m/l.
REAL ESTATE TAXES: The real estate taxes are approximately $6.70 per acre per year and will be pro-rated at closing.
TERMS OF REAL ESTATE: The Successful Bidder will deposit 10% of the contract purchase price (except for exempt entities) at the auction in the form of cash, cashier’s check or approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyer 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 92 Title Insurance Commitment in the amount of the contract price will be supplied to the Buyer 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 Buyer shall pay the mortgage policy. The Buyer will pay for the recording of his/her 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 day of sale or during the sale take precedence over any oral or written heretofore.
BUYER’S PREMIUM: The Buyer will pay a 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price. The Buyer is only required to pay 10% down, of the contract price, day of sale.
MINERAL RIGHTS: Any underlying minerals, fire clay, coal, methane gas and timber, etc., owned by the Seller will be transferred to the Buyer.
POSSESSION: Possession after the crops are removed in the fall of 2007. The Seller will give the 2007 Cash Rent to the Buyer. Possession of the woods (non-tillable) will be at closing.
SURVEY: The Survey Cost, if needed, will be paid for by the Buyer and shall be completed after closing.
AGENCY: Johnny Swalls Auction & Appraisal, Inc. and its Representatives are Exclusive Agents of the Seller.
FOR PRIVATE SHOWING CALL: Johnny Swalls - 812-495-6119
SALE LOCATION: At the Property
AUCTIONEER’S PHONE: 812-495-6119, 812-696-5099
FAX: 812-696-5090 E-MAIL: johnnyswalls@joink.com
AUCTIONEER: Col. Johnny Swalls,
CAI, AARE, GPPA, CAGA, CREA
IN #AU01026257
548 Real Estate Parcels Sold of the Last 554 A Full Time Certified Auction Service!
