SOLD (Surface Only) 101.34 Tillable of 152.85 Seller keeps oil wells $442,224.00 - THANK YOU!
HUX OIL CORP. and D.E. JONES INC.
Auction Date: Thursday, December 1st, 2016 @ 2:00 P.M.
This property may be purchased prior to Auction by contacting the Auctioneer before 11-30-2016.
DIRECTIONS: Tracts 1, 2, 3, are in Vigo County south of Terre Haute, Indiana. Go South on State Road 63 to Sutliff west and watch for auction signs. Tracts 4, 5, 6 are in Sullivan County west of Shelburn Indiana. Take US 41 south of Terre Haute to Shelburn, turn west on State Road 48 thence north on 200W. Signs are on both sides of the road.
80 ACRES IN VIGO COUNTY IN 3 TRACTS WITH 62.26 TILLABLE ACRES
Tract 1 (West): 20 acres with 6.12 tillable acres. The soil is Reesville & AlC3.
Tract 2 (East): 20 acres with 17.74 tillable acres. The soil is Ragsdale & Reesville. These soils are the greatest.
Tract 3: 40 acres with 38.4 tillable acres. The soil is Ay with Ragsdale joining.
72.85 ACRES IN SULLIVAN COUNTY IN 3 TRACTS WITH 39.08 TILLABLE ACRES
Tract 4: 40 acres with 28.89 tillable acres. The soil is Reesville & AIB3.
Tract 5: 23 acres with 3.34 tillable and 19.66 woods. The soil is CnC3 & CnD3. This tract is great for hunting Deer, Turkey, and Squirrel.
Tract 6: 9.85 acres with 6.85 tillable acres. The soil is AfB3. This has a wonderful corner building site on an asphalt road.
Parcel Numbers: Tract 1 (20 acres in Vigo County): 84-12-09-400-004.000-016; Tract 2 (20 acres in Vigo County): 84-12-09-400-005.000-016; Tract 3 (40 Acres in Vigo County): 84-12-16-200-009.000-016; Tract 4 (40 acres in Sullivan County) 77-02-20-000-007.003-003; Tract 5 (23 acres in Sullivan County): 77-02-19-000-013.000-003; Tract 6 (9.85 acres in Sullivan County): 77-02-19-000-011.002-003
Terms: The Successful Bidder will deposit 10% of the contract purchase price 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.
Possession: At closing and not before.
Possession of Non-Tillable: At closing
Possession of Tillable: At closing
Possession of Crop or Crop Monies: Seller
Mineral Rights: All Mineral rights, coal fire clay, gas etc. Will be retained by the seller.
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.
1,007 Real Estate Parcels Sold of the last 1,014 Listed!!