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LAND AUCTION, 130+/- Acres in 4 Tracts
Fri, Oct 24, 6:00 PM
Williamsburg, Indiana, Wayne County

Owner: Emanuel J. & Fannie S. King

SOLD FOR $627,000

• LAND AUCTION
• 130+/- Acres in 4 Tracts
• Improved Grass Waterways
• Established Pasture with Stream
• 2-Story Home with Outbuildings
• 10,000+ Bushels of Grain Storage
• Just 1/2 Mile North of US 35
• Tracts Ranging from 20-48 Acres
• The KING FARM presents an attractive combination of TILLABLE and PASTURE LAND. Nice location with improvements! Come examine all of the possibilities!

OPEN HOUSE/INSPECTION DATES
Friday, October 3RD from 4PM-6PM
Friday, October 17TH from 4PM-6PM
Day of Auction from 3PM-4PM

PROPERTY LOCATION
10444 Carlos Rd., Williamsburg, IN.
From I-70 take EXIT 145 north 7 miles to Williamsburg, IN 47393. At stop sign, turn left on US RT 35 and travel 2 miles to Carlos Rd. then north 1/2 mile to the farm. Located in Section 26 of Green Twp. Wayne County.

AUCTION LOCATION
GOLAY COMMUNITY CENTER, INC., 1007 East Main St., Cambridge City, IN (located at the intersection of US 40 and SR 1)

TRACT DESCRIPTIONS
Tract 1: 24± ac with 20+/- acres tillable. Improved grass waterways with 1000 ft.+/- of frontage on Carlos Road. Predominantly Genesee and Crosby soils.

Tract 2: 20± ac with picturesque country farmstead and home.
- 2240 sf home with 4 BR with Full basement
- Detached garage with loft
- Gas furnace with Central Air, Full Basement with walkout steps 40 ft.x40 ft. livestock bank barn with concrete feeding pad
- 16+/- Acres of rolling pastureland, fenced. 1,600 ft.+/- frontage on Carlos Rd
- (3) Grain Bins! Located 1 mile north of Wayne Co. Produce Auction
- NOTE: An ingress and egress easement will cross this tract following the current driveway if Tract 3 is purchased separate from Tract 2.

Tract 3: 38± ac with 36+/- tillable acres. 40 ft. of owned frontage on Carlos Rd. This tract will be accessed via an easement through Tract 2. There is not an improved crossing of the ditch. Any improvements are under the Jurisdiction of the DNR. This tract has a new 6 in. well and stone driveway from the ditch. There has been concrete work started for a barn and a completed concrete manure lagoon on this tract. Combine with Tracts 1&2 to create your 82+/- acre farm.

Tract 4: 48± ac SWING TRACT Nearly all tillable. Predominately Crosby and Miami soils. Must be purchased in combination with Tract 3 or by an adjoining land owner.


SOIL INFORMATION

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PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as a total 130+/- acre unit. There will be open bidding on all tracts, subject to the swing tract limitations, and combinations during the auction as determined by the Auctioneer.

DOWN PAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: The Seller will provide Title Insurance at closing and a preliminary title commitment for the review of the prospective buyer(s).

DEED: Seller shall provide a Warranty Deed.

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before January 7th, 2015. Seller reserves the right to extend closing for a period not to exceed 60 days if needed to located a section 1031 exchange replacement property.

POSSESSION: Possession will be delivered at closing subject to 2014 tenants farming rights. Buyer to receive 2015 CROP RIGHTS!

REAL ESTATE TAXES / ASSESSMENTS: Buyer to assume the tax payment due for the year 2015 pay 2016. Seller will pay all taxes due and payable for 2014 pay 2015 via a credit at closing. Current taxes for whole farm 2013 pay 2014 $5,688.36 per year.

ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.

SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. If the property sells in its entirety, no new survey will be completed.

EASEMENTS & LEASES: Sale of the property is subject to any and all easements of record. Note that if Tract 3 sells separately from Tract 2, a new easement will be described and recorded at closing.

MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.

AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decision of the Auctioneer is final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.