291.00 ACRE LAND AUCTION

 CARLISLE, INDIANA

 SULLIVAN COUNTY

jswalls.com

REAL ESTATE TO BE SOLD IN TRACTS, ANY COMBINATION, OR AS A WHOLE

FAT KAISER FARM

Connie J. Wampler, Mary K. Vandergriff, Donald R. Kaiser, Janice S. Nash, Walter A. Kaiser and Patricia A. Killion Dorris, will sell the following real estate located southeast of Carlisle, Indiana. From Carlisle, go southeast on State Road 58 to 1050S and turn left.  To view the south end of the real estate, go back to SR 58 and turn left ( (southeast).   Watch for Johnny’s Signs!!

REAL ESTATE:  The real estate consists of 291.00 Acres m/l located in Sullivan County, IN., of which 252.30 m/l are tillable.  This property will sell in 3 Tracts, any combination, or as a whole.

Tract One:  Consists of 10.00 Acres m/l of which 9.99 are tillable.  County Road 1050S borders the southern part of this tract and 350E borders the east.

Tract Two:  Consists of 93.60 Acres m/l of which 83.40 m/l are tillable. County Roads 350E and 1050S border the west and south.

Tract Three: Consists of 187.34 Acres m/l of which 158.90 m/l are tillable.  This Tract recently sold 1.844 Acres to the State of Indiana for the construction of a new State Road Highway 58.

CURRENT PARCEL NUMBERS:  77-15-31-000-002.000-009, 77-15-19-000-017.000-009, 77-15-30-000-003.000-009.

LEGAL:  W1/2 NE NE 31-6-8 21.50ac, S SIDE SW SE 19-6-8 11.18ac, PT 1/2 181.19 ac, E PT NE SW 3ac, PT CEN PT N 1/2 30-6-8 272.850ac.

REAL ESTATE TAXES:  The real estate taxes are approximately $25 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 the Survey, if one is needed, with the Sellers choosing the Surveyor.

POSSESSION:  Possession is subject to a Farm Lease, in favor Donald R. Kaiser, which expires in 2016 with an annual payment of $18,690 to the owner of the Real Estate.

MINERAL RIGHTS: We are selling surface only.  All underlying is subject to a mineral lease owned by Consolidation Coal Company.

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

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

SALE LOCATION:  Shelburn Community Building, 30 N. Interurban St., Shelburn, IN.

AUCTIONEER’S PHONE: 812-495-6119 or 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 # AU09200044 

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