REAL ESTATE:  The real estate consists of 105.05 Acres m/l located in Gill Township, Sullivan County, IN.  This property  has 94.87 tillable acres m/l and will sell in 3 Tracts, any combination, or as a whole.

Tract One:  Consists of 46.44 Acres m/l (45.54 Tillable) with frontage on County Roads 250S & 550W.  This field has plastic field tile. This Tract will have the barn and

fenced area surveyed off. There is a Water Line Easement going to the barn on the north part of the 44 Acres.

Tract Two:  Consists of 18 Acres m/l (17.63 Tillable). This field has clay field tile and is on the north side of CR. Rd. 250S.

Tract Three:  Consists of 40.61 Acres m/l (31.70 Tillable) on the north side of Co. Rd. 250S.  Note:  Wheat & straw stay with Seller.

PARCEL NUMBERS: 77-11-15-000-008.000-007 and 77-11-14-000-004.001-007.

LEGAL:  Section 15, T7N, R10W and Section 14, T7N, R10W.

REAL ESTATE TAXES:  The real estate taxes will be pro-rated at closing.

TERMS OF SALE:  The Successful Bidder will deposit 10% of the contract purchase price 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.  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 statements made 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:  The Buyer will pay for the Survey, if one is needed, with the Sellers choosing the Surveyor.

POSSESSION:  Possession of tillable acres upon paying 10% down on day of sale.  Non tillable at closing.

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

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

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

SALE LOCATION:  New Lebanon 4-H Community Building, New Lebanon, IN.

AUCTIONEER’S PHONE: 812-495-6119 or 812-696-5099.

FAX:  812-696-5090  E-MAIL:  auctions@jswalls.com.

AUCTIONEER:  Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA  IN #AU01026257   James R. Swalls IN # AU09200044.

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