REAL ESTATE:  The real estate consists of 87.50 Acres m/l of which 39 Acres m/l are tillable.  The remainder offers woods with great hunting.  There are access roads on the north and south of the 67.50 Acres as described below and a road on the south side of the 20 Acres.

Tract One: Consists of 20 Tillable Acres m/l with access on County Road 1100 N.  Soils: VGA,VGB2, CnD3.

Tract Two: Consists of 39.4 Acres m/l of which 19 Acres m/l are tillable.  Tract two has access on County Road 1100 N via a 15’ strip owned by this tract.  Soils: Mainly VGA, VGB2.

Tract Three: Consists of 21.5 Acres m/l of mainly wooded area with access on County Road 1150 N.  There is a building site and a ravine to build a lake.

There is also a water well on this tract.

Tract Four: Consists of 6.6 Acres m/l of mainly wooded area with direct access on County Road 1150 N.  This tract has a water well and a building site.

PARCEL NUMBER:  77-01-02-000-010.000-013 (67.5 m/l ac.) and 77-01-02-000-017.000-013 (20 m/l ac.)

LEGAL DESCRIPTION:  2-9-8 67.5AC W1/2 NW SE20AC, NE SW 40 AC, NE COR NW SW 7AC, PT SE SW .050AC and 2-9-8 20AC W1/2 SE SE. 

REAL ESTATE TAXES:  Real estate taxes are approximately $12.99 per Aac., 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 any Survey that might be required with the Seller choosing the Surveyor.

POSSESSION:  At Closing or when 2008 crops are harvested.

MINERAL RIGHTS: All Underlying Minerals, Coal, Fire Clay, Methane Gas etc., owned by the 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, 812-696-5099

SALE LOCATION: The Wren House, Hwy 159 Lewis, 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 R. Swalls, IN #AU 09200044. 

619 Real Estate Parcels Sold of the Last 626.  A Full Time Certified Auction Service!