87 ACRE LAND AUCTION
TWO TRACTS www.jswalls.com
John Leminger will offer for sale, at Auction, the following 87 acres, m/l, located in Section 20, Township 11 North, Range 9 West, Honey Creek Township, on West Curry Drive. From Terre Haute, go south on State Road 63 to Curry Road, thence southeast. Turn east on Curry Drive, the property is on the north side of Curry Drive. From US 41 take Dallas Drive west to Conrad, Conrad to Cullen, turn right on Curry. WATCH FOR JOHNNY’S SIGNS!
TUESDAY, APRIL 10, 2007 - 3:00 PM (Sharp!)
TERRE HAUTE, INDIANA
OWNER: John Leminger
SALE LOCATION: Western Riders Club
(10 miles south of Terre Haute on St. Rd 63 thence east on Lee Drive)
TRACT ONE: This is 36 Acres, m/l, located on the north side of Curry Drive. The property is located east of Tract Two in Section 20, Township 11 North, Range 9 West in Honey Creek Township Southwest. This Tract is nearly all tillable and the major soil types are Elston, Rensselaer and Ade.
TRACT TWO: This is 50.70 Acres, m/l, located on the north side of Curry Drive. The property is located just east of Prairie Park Subdivision and would make an excellent subdivision! The property is located in Section 20, Township 11 North, Range 9 West in Honey Creek Township Southwest. This Tract is nearly all tillable and the major soil types are Elston, Rensselaer and Ade.
This is one large tillable field with excellent ingress/egress from Curry Drive.
POSSESSION: DAY OF SALE. Buyer may farm the property this 2007 crop year.
PARCEL NUMBER: 102-09-20-300-002
LEGAL: S & MID PRT SW containing 86.7 acres, m/l.
REAL ESTATE TAXES: The real estate taxes are approximately $14.08 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 92 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. Subject to Area Planning Approval.
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.
MINERAL RIGHTS: Any underlying minerals, fire clay, coal, methane gas and timber, etc., owned by the Seller will be transferred to the Buyer.
SURVEY: The survey will be paid (shared equally) by the Buyers with the Seller choosing the surveyor. There will be no survey if sold as one tract.
AGENCY: Johnny Swalls Auction & Appraisal, Inc. and its Representatives are Exclusive Agents of the Seller.
FOR PRIVATE SHOWING CALL: Johnny Swalls - 812-495-6119
SALE LOCATION: Western Riders Club
AUCTIONEER’S PHONE: 812-495-6119, 812-696-5099
FAX: 812-696-5090 E-MAIL: johnnyswalls@joink.com
AUCTIONEER: Col. Johnny Swalls,
CAI, AARE, GPPA, CAGA, CREA
IN #AU01026257
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