Thursday, June 23, 2011 2:00 PM (SHARP!) Sale Location: Clay City Fire Station 403 W. 7th St., Clay City, Indiana   NOTE:  This property may be purchased 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 Wed. June, 22, 2011, at 12:00 Noon.  First accepted offer buys!!!   Please call prior to auction to see if property has sold.

REAL ESTATE: The property consists of 22 Acres tillable and 13 acres recreational land. The property has good access with frontage

on Rey Cemetery Road.

PARCEL NUMBER: 60-12-29-400-180.000-023 LEGAL DESCRIPTION: PT NW SE NE SW S29 T10 R5  35.08A

REAL ESTATE TAXES are approximately $1,070.00 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. 

ATTORNEY FOR THE TRUST: Tricia  Tanoos

SURVEY: The Buyer will pay for survey that might be required and shall not delay closing.

POSSESSION: Possession of tillable, after 2011 crops are removed (harvested). Possession of non-tillable at closing and not before.

MINERAL RIGHTS:  All coal, fireclay, gas and underlying minerals owned by the Seller (if any) will be transferred to the Buyer. 

Seller will not warrant title to underlying minerals.

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

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

E-MAIL: auctions@jswalls.com

AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA   IN#AU01026257, PB#20803178