90 ACRE LAND AUCTION
BUYER MAY PURCHASE THIS LAND PRIOR TO AUCTION
Eric Emrick will offer for sale, at Auction, the following 89.57 acres located on Gannon Road, West Terre Haute, Indiana.
Go north out of West Terre Haute on U.S. 150 to the first left which is Clinton (or Gannon Road) and follow northwest for 2.2 miles.
The property will be offered in Four (4) Tracts or as 89.57 Acres.
WATCH FOR JOHNNY’S SIGNS!
THURSDAY, FEBRUARY 15, 2007
3:00 PM (Sharp!)
WEST TERRE HAUTE, INDIANA
SALE LOCATION: W. Vigo Community Center
OWNER: Eric Emrick
NOTE: This property may be bought prior to auction by contacting Johnny Swalls with an offer and the Seller will act upon the offer.
The deadline for making this offer is Wednesday, February 14, 2007, at 12:00 Noon. First accepted Offer Buys.
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TRACT ONE: Tract One is 20 acres with approximately 17 tillable acres and has its own ingress/egress (driveway) from Gannon Road. The predominate soil type for this land is IVA.
TRACT TWO: Tract Two is 13 acres of woods and will share a 50 ft. easement from Gannon Road for ingress/egress. This Tract has good hunting!
TRACT THREE: Tract Three is 31 acres of woods and will share a 50 ft. easement from Gannon Road for ingress/egress. This Tract has good hunting!
TRACT FOUR: Tract Four is 25 acres of woods and will share a 50 ft. easement from Gannon Road for ingress/egress. There are two tillable tracts for food plots. This Tract has good hunting!
There will be a 50 ft. easement across the west side of Tracts Three and Four to serve ingress/egress for Tracts Two, Three and Four.
Please call Johnny with your offer today!
PARCEL NUMBERS: 115-05-11-400-004 and 115-05-11-400-005
LEGAL: MID PRT SE (20 Acres) and PRT NE COR SE (69.570 Acres) located in Section 11, Township 12, Range 10 West in Sugar Creek Township, Vigo County. Tracts Two, Three and Four will be subject to Area Planning.
REAL ESTATE TAXES: The real estate taxes are approximately $445.66 per year and 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.
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, if needed, will be paid for by the Buyer or Buyer’s. 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.
AGENCY: Johnny Swalls Auction & Appraisal, Inc. and its Representatives are Exclusive Agents of the Seller.
FOR PRIVATE SHOWING CALL: Johnny Swalls - 812-495-6119
SALE LOCATION: West Vigo Community Center, 127 West Johnson Avenue, W. Terre Haute, IN.
AUCTIONEER’S PHONE: 812-495-6119, 812-696-5099
FAX: 812-696-5090 E-MAIL: johnnyswalls@joink.com
AUCTIONEER: Col. Johnny Swalls,
CAI, AARE, GPPA, CAGA, CREA
IN #AU01026257
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