21.01 ACRE LAND AUCTION

 2 TRACTS

             FARMERSBURG, INDIANA         

  jswalls.com           SULLIVAN COUNTY                   jswalls.com

BUYER MAY PURCHASE REAL ESTATE PRIOR TO AUCTION

Edward Drake will offer for sale the following real estate located at County Roads 1100 North and 425 West, Fairbanks Township, Section 2, Township 9N, Range 10W.  From U.S. 41 and 1100N (South of Farmersburg); go west on 1100N approx. 6 miles.  

  WATCH FOR JOHNNY’S SIGNS

Thursday, Jan. 20, 2011 @ 2:00 PM SHARP!

NOTE: This property may be purchased prior to auction by

contacting Johnny Swalls with an offer an the Seller will

act on the offer. The deadline for making the offer is:

Wed. January 19, 2011 @ 12 Noon.

SALE LOCATION: 

Johnny Swalls Auction, Inc.

 111 W. Main Street

Farmersburg, IN 47850

PLEASE CALL TO MAKE SURE THE PROPERTY HAS NOT SOLD PRIOR TO AUCTION

The real estate consists of 21.01 acres. There are 2 tracts located in Fairbanks Township, Section 2, Township 9 North, Range 10 West

which is 21.01 m/l acres.  Good farm ground or building sites. Buyer will get 1/3 of 2011 crop income. Subject to tenant farmer farming 2011 year.

Tract 1 consists of 3.70 acres: Located on County Road 1100 North.

CURRENT PARCEL #:77-03-02-000-015.001-006; CURRENT LEGAL: 2-9-10 4.75 AC SE PT SE SE

Tract 2 consists of 17.31 acres (17 m/l tillable); Located North of Tract 1 on County Road 425 West

POSSESSION:  Possession after 2011 crops are removed.

PARCEL NUMBER: 77-03-02-000-015.000-006;    LEGAL DESCRIPTION: 2-9-10 17.31 AC SE PT SE SE                                 

REAL ESTATE TAXES: Approximately $19.68 per acre per year.  The 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 2006 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 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 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.

SURVEY INFORMATION:  Tract 1 will receive a free survey. Buyer for Tract 2 will pay for survey, if survey is desired.

MINERAL RIGHTS: All coal, fire clay, gas and underlying minerals owned by the Seller will be transferred to the buyer.

FOR SHOWING, CALL: 812-495-6119 or 1-877-696-5099

EMAIL: auctions@jswalls.com

AUCTIONEER/BROKER: Col. Johnny Swalls

CAI, AARE, GPPA, CAGA, CREA, IN AU01026257, PB20803178

704 REAL ESTATE PARCELS SOLD OF THE LAST 714 LISTED.  A FULL TIME CERTIFIED AUCTION SERVICE!