715 ACRE LAND AUCTION                                           

WITH IMPROVEMENTS AND TIMBER

www.jswalls.com

Buyer May Purchase the Real Estate Prior to Auction

Paul Gibson will offer for sale, at Auction, the following land located in Fountain and Warren Counties.  The sale will be conducted at the   Historic Hotel Attica, Attica, Indiana.  Take U.S. 41 to Attica city limits; continue on to Perry Street (2nd stop light), turn north and go 3   blocks.  Hotel Attica is on the left side.  From St. Rd. 63 to St. Rd 28, go east to Williamsport then to Attica; go to Perry Street, thence left.

  WATCH FOR JOHNNY'S SIGNS!

THURSDAY, MARCH 29, 2007 - 3:00 PM (Sharp)

ATTICA, INDIANA

OWNER:  Paul Gibson

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, March 28, 2007, at 12:00 Noon.  First accepted Offer Buys.

WARREN COUNTY 550 ACRES (400 TILLABLE)

TRACT ONE: This is 35 Acres, m/l, located on the corner of Independence Road and County Road 600 East.  this tract has approximately 29 tillable acres.

TRACT TWO:  This is 5 acres m/l, with the home, pole barn and 4 modern grain bins - some with stirrators and heat. 

TRACT THREE:  This is 115 acres m/l, located on County Road 600 East.  This Tract has approx. 111 tillable acres.

TRACT FOUR:  This is 40 acres m/l.  Ingress/egress will be along County Road 500 E.   This secluded tract has approx. 28 tillable acres and the remainder is woods.

TRACT FIVE:  This is 73.33 acres, m/l, with a barn and a drilled water well.  This Tract is located on Independence Road.  This Tract has approx. 72 tillable acres.

TRACT SIX:  This is 22 acres, m/l, located on Independence Road and it has approx 12.50 tillable acres.

TRACT SEVEN:  This is 23.50 acres, m/l, on Independence Road and it has approx. 18.50 tillable acres and the remainder is woods.  This Tract is bordered on the South by the Wabash River.

TRACT EIGHT:  This tract is 34.17 acres, m/l located on Independence Road.  This Tract has approx. 28 tillable acres.  The Tract is bordered on the South by the Wabash River.

TRACT NINE:  This is 32 acres, m/l, and is located on Independence Road.  This Tract has approx. 26 tillable acres. 

TRACT TEN:  This is 40 acres, m/l, located on Independence Road.  This Tract has approx. 26 tillable acres and the remainder is woods.

TRACT ELEVEN:  This is 30 acres, m/l, with 25 tillable acres and the remainder is woods.

TRACT TWELVE:  This is 5 acres, m/l, and is located on Kickapoo Road.  The place of beginning for this Tract will be the northwest corner post and the fence line.  This is secluded building site with lots of mature trees.

TRACT THIRTEEN:  This is 40 acres, m/l, on Independence Road.  This Tract has approx. 26 tillable acres and the remainder is woods.

TRACT FOURTEEN:  This is 31 acres, m/l, on Independence Road.  This Tract has the stockyards building with measures 150' x 70' with a lean-to 100' x 20' and an office 24' x 30'.  Also a 20,000 pound livestock scales.  This tract has approx. 17 tillable acres and the remainder is woods.  This is a corner tract.

TRACT FIFTEEN:  This is 6 acres m/l.  Ingress-egress will be from the lane west of the stockyards.  There is a beautiful building site overlooking the Kickapoo Creek bottom.

TRACT SIXTEEN:  this is 5 acres, m/l.  Ingress/egress will be from the lane west of the stockyards.  There is a beautiful building site overlooking the Kickapoo Creek bottom with a desirable setting for a walk-out basement.

TRACT SEVENTEEN:  This is 5 acres, m/l.  Ingress/egress will be from the lane west of the stockyards.

TRACT EIGHTEEN:  This is 7.817 acres, m/l.  Ingress/egress will be from Independence Road.  This Tract has approx. 4.5 tillable acres and the remainder is woods. 

TRACTS 6 THRU 16 HAVE TIMBER.

THIS PROPERTY HS SEVERAL SECLUDED BUILDING SITES LOCATED ON BLUFFS WITH BEAUTIFUL CREEK AND WABASH RIVER VIEWS!

FOUNTAIN COUNTY - 165 ACRES (140 TILLABLE)

TRACT NINETEEN:  This is 161.80 acres, m/l.  Ingress/egress will be from North Perry Street, northwest on Hamilton Street via a lane to the property.  This Tract has approx. 140 tillable acres.

TRACT TWENTY:  This is 3 acres, m/l, located in the City of Attica.  Ingress/egress will be from North Perry Street, northwest on Hamilton Street.

PARCEL NUMBERS AND LEGALS UPON REQUEST                                                                                                    REAL ESTATE TAXES WILL BE PRO-RATED AT CLOSING.

TERMS OF REAL ESTATE:  If “Sold as a Whole”, the Successful Bidder will deposit down on the day of sale 5% of the contract purchase price (except for exempt entities) in the form of cash, cashier’s check or approved personal check or company check with bank letter of guarantee (no bank drafts).  (The deposit will be 10% if “ Sold in Tracts”.) The Buyer will sign a non-contingent real estate contract with the balance due in 45 days or upon delivery of marketable title and deed.  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 heretofore.

REAL ESTATE 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.   

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

SURVEY:  The Buyer will pay for Survey if one is needed with the Seller choosing the Surveyor.   

POSSESSION:  Possession  at closing.

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

SALE LOCATION: Historic Hotel Attica, Attica, Indiana

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

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

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

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