86 ACRE LAND AUCTION
www.jswalls.com
Eric Murray will offer for sale, at Auction, the following 90.16 acres located in Henry County at 7875 North County Road 300 West, Springport, Indiana. From U.S. 36 in Sulphur Springs go north on County Road 300W approximately 3 miles or from State Road 3 go west on County Road 800N; continue west from Springport to County Road 300 W thence south to the subject. Located approximately 10 miles south of Muncie. The property will be offered in Six (6) Tracts or as 90.16 Acres. WATCH FOR JOHNNY’S SIGNS!
THURSDAY, APRIL 5, 2007—3:00 PM (Sharp!)
MUNCIE, (SPRINGPORT), INDIANA
SALE LOCATION: Sulphur Springs Community Building
203 Mulberry Street, Sulphur Springs
OWNER: Eric Murray
PARCEL NUMBERS: 0080010300 and 0080010200 LEGAL: IN NE and IN NE, Sec. 1, Twsp 18N, Rg 9 E, Jefferson Twsp, Henry County, IN
REAL ESTATE TAXES: The real estate taxes 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. The sale is Subject to Area Planning Approval.
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.
SURVEY: The Survey will be paid for by the Buyer or Buyers with the Seller choosing the Surveyor. There will be no survey if sold as one tract.
MINERAL RIGHTS: Any underlying minerals, fire clay, coal, methane gas and timber, etc., owned by the Seller will be transferred to the Buyer.
BROKER PARTICIPATION: The Seller and Auctioneer wish to allow Realtors to participate in the auction. The Broker will receive 3% of the bid price for bringing the Buyer.
AGENCY: Johnny Swalls Auction & Appraisal, Inc. and its Representatives are Exclusive Agents of the Seller.
AUCTIONEER’S PHONE: 812-495-6119, 812-696-5099, 1-877-696-5099
FAX: 812-696-5090 E-MAIL: johnnyswalls@joink.com
AUCTIONEER: Col. Johnny Swalls,
CAI, AARE, GPPA, CAGA, CREA
IN #AU01026257
