REAL ESTATE:  45 Acres of farmland on the southwest corner of County Roads 400S & 800W, Lyons, Indiana.

BUYER MAY FARM THE LAND IN 2010 CROP YEAR.                                                                                     SOILS: AvB2; CfC3; Mo; Pc; Ev              

PARCEL NUMBER: 28-14-17-000-001.000-020                                                                                                     POSSESSION: At closing.

LEGAL DESCRIPTIONS: PT NE NE 17-6-6 36AC;  PT NW NE 17-6-6 9AC                                                                                               WASHINGTON TOWNSHIP, SECTION 17

REAL ESTATE TAXES: The taxes are approximately $13.57 per acre 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 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. 

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 survey, if one is needed.   MINERAL RIGHTS: Any underlying minerals, coal, fireclay, methane gas, etc. owned by the Seller

will be transferred to the Buyer.

IU FOUNDATION EXECUTIVE DIRECTOR:  John W. Wilhite   

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

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

IN #AU01026257     

E-MAIL:  auctions@jswalls.com

PHONE: 812-495-6119 or 1-877-696-5099                          

659 Real Estate Parcels SOLD of the Last 668.  A Full Time Certified Auction Service!