117 ACRE LAND AUCTION
www.jswalls.com
Charlene Modesitt will offer for sale, at Auction, the following real estate located on U.S. 41 and Lambert Avenue (County Line Road) in Section 36, Township 14 North, Range 9 West in Parke County, Indiana. The property will be offered in Six (6) Tracts. Buy One Tract or all Six. WATCH FOR JOHNNY’S SIGNS!
THURSDAY, APRIL 26, 2007
3:00 PM (Sharp!)
ROSEDALE, INDIANA
OWNER: Charlene Modesitt
SALE LOCATION:
Best Western Terre Haute Inn & Suites
3053 South U.S. 41, Terre Haute, IN
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ZONED INDUSTRIAL |
This is presently tillable row crop farmland but could be an Industrial Site without changing the zoning.
TRACT ONE: This is 16 acres, m/l, located on the east side of U.S. 41. This tract is tillable farmland with trees on the north and east border.
TRACT TWO: This is 16 acres, m/l, located on the east side of U.S. 41. This tract is tillable farmland with trees on the east and south border.
TRACT THREE: This is 14.77 acres, m/l, located on U.S. 41. This tract is tillable farmland for row crops.
TRACT FOUR: This is 12.50 acres, m/l, located on U.S. 41 and there is also frontage on Lambert Avenue (County Line Road). This tract is tillable farmland.
TRACT FIVE: This is 16.15 acres, m/l, located on Lambert Avenue. This tract is tillable farmland for row crops.
TRACT SIX: This is 47.57 acres, m/l, located on Lambert Avenue or County Line Road. This tract is tillable farmland and the railroad is located on the east side of the property with electric and gas on the south.
NOTE: The property has Duke Energy Electric, Vectren Gas on the south end, Railroad on the east side and Lyford Water on the west side. Lots of Highway frontage on U.S. 41 and Vigo/Parke County Line. This property is on the north side of the Vigo/Parke County Line Road, just northeast of the Rod and Gun Club.
PARCEL NUMBER: 611336000301000003
LEGAL: PT SW 1/4 Section 36, Township 14 North, Range 9 West containing 117 acres m/l
REAL ESTATE TAXES: The real estate taxes are approximately $13.47 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.
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.
POSSESSION: After the crops are removed in the fall of 2007. The Buyer will receive the Seller’s Cash Rent for 2007.
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: Best Western Terre Haute Inn and Suites, 3053 South U.S. 41, Terre Haute, IN (Next to Bob Evans Restaurant at I-70 and U.S. 41)
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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