65 ACRE LAND AUCTION

CURRY TOWNSHIP, SHELBURN, INDIANA

THE BUYER MAY PURCHASE THIS REAL ESTATE PRIOR TO AUCTION

1031 EXCHANGE-WELCOME

Randall and Barry Hardin will offer for sale, at Auction, the following 65 acres, m/l, in Shelburn (Curry Township, Sullivan County), Indiana.  From State Road 48 and US HWY 41, go West on SR 48 to County Road 75 W, thence north to 800 N, then to 100 W; go one half  mile west.  The Property is 1.5 miles North of State Rd 48.   WATCH FOR JOHNNY’S SIGNS

THURSDAY, AUGUST 23, 2007

3:00 PM (Sharp!)

SALE LOCATION: Farmersburg Firehouse

OWNERS:  Randall and Barry Hardin

NOTE:  This property may be bought prior to auction by contacting Johnny Swalls with an offer and the Seller will act on the offer.  The deadline for making this offer is Wednesday, August 22nd, at 12:00 Noon.  First Accepted Offer Buys!

REAL ESTATE:  This is 65 acres located  in Section 20, Township 9 North, Range 9 West, Curry Township, Sullivan County, Indiana.  There are 39 tillable acres (which has not been tilled for the last 2 years) and 26 acres of excellent woodland for deer and turkey hunting. The land is located on the east side of Turman Creek and west of Shelburn, Indiana. This property is remote and wildlife is well established.

PARCEL NUMBER:  003-002-20-000-029.000            LEGAL:  SE NE 40ac, E SIDE SW NE 8ac, PT N 1/2, NW SE 17ac

REAL ESTATE TAXES:  The real estate taxes are approximately $847.66 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 45 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.

MINERAL RIGHTS:  Any underlying mineral rights, fire clay, coal, methane gas, etc. owned by the Seller will by transferred to the Buyer. Property is subject to oil and gas lease which will transfer to the Buyer.

POSSESSION:  At closing on 61.5 acres; after removal of crops in fall of 2007 for 3.5 acres on the SE Corner of the property.

SURVEY:  Any survey needed will be completed after closing at the expense of the Buyer.

AGENCY: Johnny Swalls Auction & Appraisal, Inc. and its Representatives are Exclusive Agents of the Seller.

FOR PRIVATE SHOWING CALL: PJ Bezy, Sale Coordinator 812-495-6119

AUCTIONEER’S PHONE: 812-495-6119

FAX:  812-696-5090  E-MAIL:  johnnyswalls@joink.com

AUCTIONEER:  Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA  

IN#AU01026257 

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