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Schroer Trusts and Hal Schroer will offer for sale

54 acres m/l in Clay County

Auction Date: Wednesday, February 27, 2019 @ 2 P.M

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: Tuesday, February 26th by 12 NOON


Mary Yegerlehner, Trustee of the Schroer Trusts and her brother, Hal Schroer, will be selling 54 acres (38.78) m/l in Clay County. This property will be sold by the acre to one person. It will be sold in 1 tract and there will be 2 Offers to Purchase as there are 2 Sellers. The Trusts own the south and east tract, 36 acres. Hal Schroer owns the northwest tract, 18 acres. The Buyer may farm this 2019 crop year.

The Schroer Trusts: 36 acres with 30.28 tillable acres m/l.

Hal Schroer: 18 acres with approx. 8.11 tillable acres m/l. 

Parcel Numbers: The Schroer Trusts: 11-06-15-300-006.000-020 ; 11-06-15-300-001.000-020 - Hal Schroer: 11-06-15-300-002.000-020
Legal Description: The Schroer Trusts: Pt E 1/2 SW 15-11-5 18 acres ; W Pt NE SW 15-11-5 18a - Hal Schroer: E Pt NE SW 15-11-5 18a
Real Estate Taxes: The Schroer Trusts: $479 m/l per year - Hal Schroer: $283.44 m/l per year

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.

Possession: At closing and not before.

Survey: Buyer will pay for survey, if one is needed.

Email: auctions@jswalls.com
FOR PRIVATE SHOWING CALL: 812-249-5090 or 1-877-696-5099

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.

982 Real Estate Parcels Sold of the last 999 Listed!!

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