Saturday, November 5, 2011

10:00 A.M. SHARP!

Real Estate:12:00 NOON

Sale Location:

           8526 N CO RD 150W, Shelburn, IN      

EQUIPMENT SELLS FROM 12:30 PM TO 12:45 PM

HOME, BARNS & 20 ACRES: The 2 bedroom, 1 bath, aluminum sided home located at 8526 N. CR 150 West consists of a basement, 2 car block garage & 2 barns on 20 acres with 11.85 acres tillable. The home has central air, gas forced air furnace, like new metal roof, & 2 water wells. The kitchen has metal cabinets, ceiling tile and paneled walls. The other rooms consist of paneled walls and carpeting.                                          PARCEL #: 77-02-20-000-010.000-003          LEGAL:  PT SW NE 20AC 20-9-9

REAL ESTATE TAXES: Approx. $775.04 per year (with homestead and homestead supplement) & will be pro-rated at closing.

28.65 ACRE FARM: The Real Estate consist of 28.65 acres with 14.44 acres tillable. The property is located 3 miles west of Shelburn on State Road 48.

PARCEL #: 77-02-30-000-014.000-003 LEGAL:  SW PT SE NE, E SIDE SW NE, E SIDE NW SE, PT NE SE 28.65 AC 30-9-9

REAL ESTATE TAXES: Approx. $474.00 per year & 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.  The Real Estate is subject to Court 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 Buyer will pay for any Survey that might be required and shall not delay closing. 

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.

POSSESSION OF REAL ESTATE, TILLABLE AND NON TILLABLE: Day of closing, & not before.  POSSESSION OF TILLABLE LAND: After 2011 crops are removed. The Buyer to receive Seller’s share of crop income for 2011.

                                                                                   PERSONAL PROPERTY

LOADER TRACTOR WILL BE AVAILABLE - COMPLIMENTS OF ELDON DUNFORD

FARM EQUIPMENT & TRAILERS:  3 pt. hitch 2 Row rotary hoe; Homemade 3 pt. hitch boom; International 37 wheel disk; John Deere Van-Brunt 13 hole pull-type wheat drill; 3 pt hitch Sickle bar mower; 3 pt. hitch 6 ft. Blue King Kutter rotary mower, pto driven, w/1 trail wheel; Athens 3 pt. hitch chisel plow; 3 pt. hitch Big hay carryall; 3 pt. hitch

TSC 6 ft. disk; 3 pt. hitch 4 Row cultivator; 3 pt. hitch Ford 3 Bottom mold board plow; 3 pt. pto, Seeder; 3 pt. hitch 10 in. Post hole digger;  3 pt. hitch 6 ft. Directional grader blade; Hitch pull-type 8 ft. tandem axle trailer w/wood bed & sides; Tandem axle, homemade pull type trailer; 165 Bushel red gravity grain trailer; 4 Hole hog feeder; Farm wagon; Small manure spreader.

LAWN EQUIPMENT: 12 hp, 7-Speed Ranch King lawn mower; 8 hp Snapper Mower; Gas Weedeater; Green Star 3020-D, Rear tine tiller, gear driven, Briggs & Stratton gas engine; Front tine tiller; Push garden plow.

FURNITURE: Gold recliner; Hall library table; Small china cabinet; Electric lift chair; Strapped chest; China cabinet w/glass door; Formica top table; 4 Legged dining room table w/leaf; Splat back wood rocker loveseat; Floral hide-a-bed loveseat; 3 Cushion gold floral couch; 5 Drawer chest; Tell City china cabinet w/lighted interior; Oval coffee table; Rocker.

APPLIANCES & HOUSEHOLD: George Foreman grill; GE Refrigerator; Teapots; Pitchers; 3 pcs. Ruby Red glassware; Electric skillets; Flatware; Kenmore microwaves; Punch bowl; Plates; Wheat plate w/gold edge; Japanese square bowl w/lid; Antique bowl w/side handles & lid; Cake plate; Several pieces of milk glass; 14 Mugs; 4 Imitation candlewick base wine glasses; Sunbeam mixer; Misc. pots & pans; White automatic washer; GE chest-type freezer.

TOOLS: 5 ft. Step ladder; 1 Ton chain come along; Craftsman radial arm saw; Portable 3/4 hp air compressor; 2 Ton floor jack; Lincoln 225 amp buzz box Welder; Electric drill; 12 ft. Aluminum ext. ladder; Tool box; 2-Wheel dolly; 2 ea. 5/16" ball for a hitch; 100 lb. Anvil; Grass seeder; 2 Pulleys; Reese insert wheel chair carrier for the back of a truck; Campbell Hausfeld blue portable air compressor; 20 ft. Aluminum ext. ladder; Torch cart; Small portable Auger; Grinder; Cordless & electric corded drills; 2 Carpenter hammers; 2 Welding hoods; Vise; 3/4 hp. Large grinder w/8" wheel; Bench w/mounted vise grip; Potato fork; Rakes; Shovels; Grease guns; Pair of car ramps; Smith Gauges & acetylene hoses; Stud finder; Flaring tool; Manual post hole digger; Heavy duty short log chain; Bloomfield jack; 2 Wheel barrows; Pair of metal saw horses; Hoe; Electric concrete mixer; Electric snow blower.

MISCELLANEOUS: Fern stand; Wood coat rack; Pfaff sewing machine; Metal cabinet w/27 metal drawers; Cabinet sewing machine; Steel Safe w/4 digit combination; Set of Encyclopedias; 1 Drawer file cabinet w/lift top; 4 Drawer legal file cabinet; Framed deer needlepoint; Mirror; Half moon table; Walking cane; VCR/DVD combination; Vases; Hoover vacuum; Lacy Silver washboard; Electric wall clock; Paperweight; Abe Lincoln bust; 20 in. 3 Speed fan; Barrel from Sweden; Electric squirrel cage; Garden planter; Electric fence wire; Indoor porta potty; Add on wood stove; Electric fan on wheels; 2 Manual crank house jacks; Fence charger; Corn knife; Bench w/stainless steel top; Electric heater; Roll of woven wire; 500 Gallon round fuel tank; 50 Gallon square fuel tank; Several steel "T" posts; 8 ft. Truck topper; Portable wire dog kennel; Set of cattle racks for 8 ft. pickup.

TERMS OF PERSONAL PROPERTY:  Cash preferred or approved check & no Buyer’s Premium on the Personal Property.

For your convenience we have Electronic Clerking and Cashiering.                                                 

POSSESSION ON PERSONAL PROPERTY: Immediate possession on personal items day of auction.

RESTROOM AND LUNCH AVAILABLE    EMAIL: auctions@jswalls.com

SALE LOCATION: 8526 N. CR 150 West, Shelburn, Indiana

EVERYTHING SOLD “AS IS, WHERE IS”                                  

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

ATTORNEY: John Bodine

AUCTIONEER’S PHONE: 812-495-6119, 1-877-696-5099

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

       INAU01026257  PB20803178