60 Acres, Drake Trust, CR 200W & 500N, Shelburn, IN
Muriel Ryan Trustee for the Lowell C. Drake Trust will offer the following Real Estate Auction located at: County Rd 500N & 200W, Shelburn, Indiana, Sullivan County, Hamilton Township.
Tuesday, September 29, 2015 @ 2:00 PM
This property may be purchased prior to Auction by contacting the Auctioneer with an offer and the Seller will act on the offer. The deadline for making this offer is:Monday September 28, 2015 at 12:00 Noon. First Accepted Offer Buys!
DIRECTIONS: From US 41 & CR 500N, Travel west on CR 500N; Turn right (south) onto CR 50W; Turn left (west) onto CR 475N. Watch for Johnny’s Signs!
There are approx. 59 tillable acres. This property will be offered in 2 Tracts or as a Whole. The property is mostly level. Tract 1 will consist of 20 acres and is a corner property There is road frontage on County Rd 200 West and County Rd 500 North. Tract 2 will consist of 40 acres and is a corner property with road frontage on County Rd 200 West and County Rd 500 North.
Parcel Numbers: 77-07-06-000-010.000-011; 77-07-07-000-001.000-011
Terms: The Successful Bidder will deposit 10% of the contract purchase price (minimum $1,000, except for exempt entities) at the Auction in the form of cash, cashier’s check, approved personal check or company check with bank letter of guarantee (no bank drafts). The Buyers 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 Buyers 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 Buyers shall pay the mortgage policy and recording of 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 on day of sale or during the sale take precedence over any oral or written heretofore.
Buyers Premium: The Buyer's will pay 6% Buyer’s Premium which will be added to the bid price to arrive at the contract price.
Mineral Rights: All coal, fireclay, gas and underlying minerals are not being sold with the Real Estate.
Survey: Buyer will pay for survey, if one is needed.
AGENCY: Johnny Swalls Auction, Inc. and it's Representatives are Excluve Agents of the Seller.
AUCTIONEER/BROKER: Col. Johnny Swalls, CAI, GPPA, CAGA, CREA, AU1026257, RB14033902, AC30700074.
959 Real Estate Parcels Sold of the last 976 Listed!!