112 ACRE LAND AUCTION
BUYER MAY PURCHASE THIS LAND PRIOR TO AUCTION
Tom Taylor will offer for sale, at Auction, the following 112 acres located in Section 9 of Curry Township, Farmersburg, Indiana. Go south of Farmersburg on U.S. 41 to 1100N; then go south on County Road 100W to 1000N thence east to 25W. The property is on the northwest corner of 1000N and 25W. WATCH FOR JOHNNY’S SIGNS!
THURSDAY, JUNE 21, 2007 - 3:00 PM
FARMERSBURG, INDIANA
OWNER: Tom Taylor
NOTE: This property may be bought prior to auction by contacting Johnny Swalls with an offer and the Seller will act
on the offer. The deadline for making this offer is Wednesday, June 20, 2007, at 12:00 Noon.
First accepted Offer Buys.
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106 TILLABLE ACRES - 1031 EXCHANGE WELCOME
TRACT ONE: This Tract is 59 Acres, m/l, located in Section 9 Township 9 North, Range 9 West located on County Road 1000 North west of Tract One. The major soil types are Reesville, Cincinnati and Ava.
PARCEL NUMBER: 770209000010000003
LEGAL: S 1/2 NE SW 20 AC, PT SE SW 39 AC, PT SE SW 39 AC containing 59 acres, m/l.
REAL ESTATE TAXES: The real estate taxes are approximately $16.61 per acre per year and will be pro-rated at closing.
TRACT TWO: This Tract is 52.619 Acres, m/l, located in Section 9, Township 9 North, Range 9 West located on County Road 1000 North east of Tract Two. The major soil types are Reesville, Cincinnati and Ava.
PARCEL NUMBER: 770209000011000003
LEGAL: PT SE Sec. 9, Twsp 9N, Rg 9W containing 52.619 acres, m/l.
REAL ESTATE TAXES: The real estate taxes are approximately $14.87 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, except coal and fireclay, owned by the Seller will be transferred to the Buyer. The coal rights have been sold.
SURVEY: The Survey cost, if needed, will be paid by the Buyer and shall be completed after closing.
POSSESSION: Possession after the crops are removed in the fall of 2007. The Seller is retaining the 2007 crop money.
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: Farmersburg Firehouse, Farmersburg, Indiana
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
558 Real Estate Parcels Sold of the Last 564. A Full Time Certified Auction Service!
