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REAL ESTATE:
The real estate consists of 128.43 Acres m/l, located in Greene County
on Lone Tree Road. The property will sell in Tracts, or as a whole;
Buyer’s choice.
This would make a nice horse farm plus row crop land to feed the horses.
Tract One: 121 Acres (115 Tillable) as per FSA.
Tract Two:
Home, Barn, Lake & 7.51 Acres with a free survey.
The home consists of
3 bedrooms,
2 baths,
kitchen that opens to dining area, utility room with washer/dryer
hook-ups & water softener. There is an up-beat mud room w/closet.
The home has central air, electric heat, electric range, open
covered front porch, nice yard with landscaping, Ellis city water, REMC
electric, Midwest gas. The drywall is painted; the ceilings are spackled
and have ceiling fans. The SE bedroom has a double closet. The detached
insulated garage has a floor drain, water spigot, hanging city gas
furnace, window air conditioner, overhead garage opener, & concrete
floor. The 48’ x 88’ horse barn has 2 large stalls, truss rafters,
underground electric, lighting, water hydrant, sliding doors on north &
west side with service door on east.
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.
CROP:
The Buyer will receive the Seller’s one third of 2010 crop at harvest.
PARCEL NUMBERS:
To be determined.
LEGAL: WRIGHT TWSP., SEC. 24, T8N, RG7W
REAL ESTATE TAXES:
The real estate taxes will be pro-rated at closing.
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 (See Terms of Sale).
MINERAL RIGHTS:
All
coal, fire clay, gas, and underlying minerals owned by Sellers will
be transferred to Buyer.
SURVEY:
The Buyer will receive a free survey for 7.51 acres. The Buyer
will
pay for Survey of 121 Acres if one is needed with the Seller choosing
the Surveyor.
POSSESSION: Tract One: After 2010 crops are removed. Tract Two:
Possession of Home, Barn and Lake 30 days after closing.
SALE LOCATION:
Elks Lodge, Linton, Indiana
EMAIL: auctions@jswalls.com
AGENCY: Johnny Swalls Auction, Inc. and its Representatives are
Exclusive Agents of the Seller.
AUCTIONEER’S PHONE: 812-495-6119, 812-249-5090 or Toll Free
1-877-696-5099
AUCTIONEER’S FAX:
812-696-5090
E-MAIL:
auctions@jswalls.com
AUCTIONEERS/BROKER:
Col. Johnny Swalls, CAI, AARE, GPPA, CAGA, CREA
IN #AU01026257, PB#20803178
Col. James R. Swalls - IN #AU09200044
www.jswalls.com
668 Real Estate Parcels sold of the last 677.
A Full Time Certified Auction Service!

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