The real estate consists of  99.96 Unimproved Acres (75 Tillable) in Washington Township, Section 36, Township 7N, Range 6 West.

PARCEL NUMBER: 28-07-36-000-008.000-020 

LEGAL DESCRIPTION: NW SE Sec 36, Twp 7N, Rg 6W   99.96 Acres

TERMS OF REAL ESTATE: Buyer shall pay a non-refundable down payment of 10% of the successful bid (the “Earnest Money”) in cash or check, to Auction Company upon execution of a Purchase Agreement.  Balance due 30 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 and 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 will sign a non-contingent agreement to purchase real estate with Seller, the Trustees of Indiana University, on 6-14-10.  

Each bidder is required to have a copy of Seller’s disclaimer for terms and conditions prior to sale, and Auctioneer will supply. 

The information contained on this flyer is deemed reliable but not warranted by Seller or Auction Company etal. Each potential Buyer is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence concerning the Property, including without limitation, its own due diligence with respect to the environmental and physical condition of the Property.

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 INFORMATION: The Buyer will pay for Survey, if one is needed and all other due diligence.

MINERAL RIGHTS: Any underlying minerals owned by the Seller will be transferred to the Buyer.

POSSESSION: At closing.

CLOSING: Approximately July 21, 2010 or before.

REAL ESTATE TAXES: The  Seller is exempt. As per Greene County Treasurer, the taxes should be approximately $12.93 per acre per year.

FOR SHOWING, CALL: 812-495-6119, our toll-free number 1-877-696-5099 or Johnny's cell 812-249-5090.

EMAIL: auctions@jswalls.com

AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA,   IN AU01026257, PB20803178